i-law.com - Newsletter (Compliance Monitor)

EU cross-border distribution of funds – implications for UK managers

New rules to harmonise themarketing and pre-marketing process within the European Union will have animpact on United Kingdom and other non-EU managers that market their funds intothe bloc, reports Leonard Ng.

Online Published Date: 06 September 2021

Appeared in issue: Vol 34 No 1 - 07 July 2021

UK must take leaf from US playbook to counter spoofing

Markedly different trans-Atlanticoutcomes in the fight against spoofing, point to the need for the UnitedKingdom to close a legislative gap, argues Florian Nitschke.

Online Published Date: 07 September 2021

Appeared in issue: Vol 34 No 1 - 07 July 2021

Senior management accountability – the regulator’s nemesis

A recent drubbing in front of the Upper Tribunal in the Forsyth case, suggests that the Financial Conduct Authority must examine itself and its own accountability before it can be regarded as a safe enforcement operator. Adam Samuel reviews the “enforcement mayhem” and suggests ways forward.

Online Published Date: 07 September 2021

Appeared in issue: Vol 34 No 1 - 07 July 2021

Treasury confirms tightening of financial promotions regime

The Government is creating a new regulatory ‘gateway’ that will bring significant changes to the way authorised firms can approve the financial promotions of unauthorised persons. Charlotte Hill and Daniel Hirschfield explain how the regime will operate.

Online Published Date: 08 September 2021

Appeared in issue: Vol 34 No 1 - 07 July 2021

Insurance industry survey finds persisting conduct concerns

A survey of insurance business culture within the London Market suggests that firms still tend to prioritise commercial success over ethical conduct and that homeworking has enhanced the risk of non-financial misconduct. Jeremy Irving outlines the results.

Online Published Date: 08 September 2021

Appeared in issue: Vol 34 No 1 - 07 July 2021

Treasury, FCA and crypto-regulation – are consumers too exposed?

Research by the regulator has revealed poor levels of publicunderstanding about cryptoassets, and activity in this area can leave consumersat serious risk of suffering loss. Treasury proposals are a step in the rightdirection, argues Thomas Cattee.

Online Published Date: 08 September 2021

Appeared in issue: Vol 34 No 1 - 07 July 2021

Banks still not complying with APP fraud Code, finds Lending Standards Board

A second review of banks’ compliance withthe APP fraud Code reveals that most issues found in the first assessment areunresolved, while some new concerns were identified. The objectives of the Codealong with numerous regulatory obligations are being disregarded, comments DenisO’Connor.

Online Published Date: 08 September 2021

Appeared in issue: Vol 34 No 1 - 07 July 2021