Legal & Regulation

Peter De Proft, director general of EFAMA

EFAMA welcomes legislative steps towards better protection of retail investors

The European Fund and Asset Management Association (EFAMA) has welcomed the adoption by the European Parliament of two pieces of legislation aimed at protecting retail investors. »


UK’s wealthy more aware of financial advice fees

Investors are increasingly aware of how their financial advisers and wealth managers are remunerated and are more likely to shop around when considering their options, according to a survey from Pershing.   »

Paul Schott Stevens

G-SIFI designation of regulated funds unnecessary and inappropriate, says ICI

Designation of regulated funds like US mutual funds as “global systemically important financial institutions” (G-SIFIs) is neither necessary nor appropriate, ICI has said in a comment letter to the Financial Stability Board. »


Regulation prompts managers to change distribution strategy, says Cerulli Associates

As self-direction becomes more widespread among retail investors, performance will be evaluated in comparison with other managers' products, rather than with a benchmark. »

Monique Meils, Kinetic Partners

Balance is key to whistleblowing programs

Monique Melis (pictured), Global Head of Consulting at Kinetic Partners, the global professional services firm comments on whistle blowers… »

Document signing

Guernsey and Swiss regulators sign MoU on investment funds distribution

The Guernsey Financial Services Commission (GFSC) has signed a memorandum of understanding (MoU) with the Swiss Financial Market Supervisory Authority (FINMA) regarding the distribution of investment funds to retail investors. »


Luxembourg and the US sign Model 1 IGA

The US and Luxembourg governments have signed an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA). »

Approved stamp

Vistra Malta becomes approved intermediary for IIP applications

Marco Bugelli, managing director of Vistra Malta, has been approved as an accredited person by the Identity Malta Agency. »

Filippo Noseda, co-Head of Wealth Planning, Withers LLP

For or against the registration of Trusts – Why it matters

Balancing regulatory concerns and the right to privacy – by Filippo Noseda (pictured), co-Head of Wealth Planning, Withers LLP – The EU Parliament has voted to introduce a »


SEC charges CR Intrinsic analyst with insider trading

The Securities and Exchange Commission (SEC) has charged a former analyst at an affiliate of hedge fund advisory firm SAC Capital Advisors with insider trading.  »

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