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Steven Maijoor speech on the quality of coporate governance

Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), delivered today a speech on the quality of corporate cgovernance at the Corporate Governance Conference in Zagreb. His speech focused on the role of corporate governance to attract retail investors to the financial markets, the EU's Capital Markets Union and the role of ESMA. Source: ESMA

October 15th, 2019|Comments Off on Steven Maijoor speech on the quality of coporate governance

ASIC ‘calls time’ on disclosure reliance

In a joint report published, the Australian Securities & Investments Commission (ASIC) and the Dutch Authority for the Financial Markets (AFM) looked at the effectiveness of disclosure for financial products on consumer outcomes.  The report covers a decade of case studies across a broad range of financial products and services in Australia, the Netherlands, the [...]

October 15th, 2019|Comments Off on ASIC ‘calls time’ on disclosure reliance

Update on the LF Woodford Equity Income Fund

On 15 October 2019, Link Fund Solutions Ltd (LFS), the Authorised Corporate Director (ACD) of the LF Woodford Equity Income Fund (WEIF) announced that it will not seek to re-open the WEIF and instead, it will look to wind-up the fund as soon as practicable. LFS considers the winding-up of the WEIF to be in [...]

October 15th, 2019|Comments Off on Update on the LF Woodford Equity Income Fund

Gabriel users share suggestions for FCA new data collection platform

The Financial Conduct Authority (FCA) online survey was completed by Gabriel users. The feedback will be used to improve the user experience. Over 1,000 users and other Gabriel stakeholders shared their thoughts on the current system in the FCA online survey. Their feedback will help shape how the Authority will develop the new platform, with [...]

October 14th, 2019|Comments Off on Gabriel users share suggestions for FCA new data collection platform

FCA sets out latest expectations for firms on Brexit

The Financial Conduct Authority (FCA) and regulated firms have been taking steps to prepare in the event the UK leaves the EU on 31 October 2019 without a deal. Today the FCA has issued an update on steps certain firms need to take. The FCA is aware that leaving the EU during the working week could pose [...]

October 11th, 2019|Comments Off on FCA sets out latest expectations for firms on Brexit

App Store Exemption Notice

Consequential amendments made to the App Store Exemption Notice following implementation of new Special conditions for subscription services. Following the review of phone-paid subscription services, the Phone-paid Services Authority (PSA) has made consequential amendments to its App Store Exemption Notice.  App stores previously had the benefit of an exemption from paragraph 7.2 of the Notice [...]

October 11th, 2019|Comments Off on App Store Exemption Notice