Legal & Regulation | Wealth Adviser

Most advisers working towards SM&CR compliance, says Intelliflo survey

Thu, 11/04/2019 - 09:52

Most advisers are aware of the Senior Management and Certification Regime (SM&CR) that comes into force in December 2019 and almost two thirds (62 per cent) of advisers are well on the way to being compliant, according to a survey of 325 users of Intelliflo's Intelligent Office (iO) in March 2019. »

FCA confirms permanent ban on sale of binary options to retail consumers

Mon, 01/04/2019 - 10:46

Following consultation feedback, the Financial Conduct Authority (FCA) has confirmed all firms acting in or from the UK are prohibited from selling, marketing or distributing binary options to retail consumers. »

PIMFA calls for FCA to postpone implementation of revised FOS compensation limits

Mon, 25/03/2019 - 10:28

PIMFA, the trade association for investment managers and financial advisers, has called on the FCA to postpone implementation of revised FOS compensation limits. »

Clifford Chance launches SMCR Manager

Fri, 15/03/2019 - 09:50

Leading international law firm Clifford Chance has launch of SMCR Manager, a digital, interactive tool supporting SMCR compliance for firms regulated by the Financial Conduct Authority (FCA). »

FCA proposes to restrict exit fees on investment platforms

Thu, 14/03/2019 - 12:37

The FCA’s Investment Platforms Market Study, published today (14 March), proposes to restrict exit fees on investment platforms. The report finds that while competition is working well generally, some consumers and financial advisers can find it difficult to shop around and switch to a platform that better meets their needs. »

FCA acts to improve competition in the investment platforms market

Thu, 14/03/2019 - 09:39

The Financial Conduct Authority (FCA) has set out a package of measures to help consumers who invest through investment platforms more easily find and switch to the right one for them. »

New MoU between JFSC and FCA will give managers added certainty and confidence, says JFA

Wed, 13/03/2019 - 10:46

A new Memorandum of Understanding (MoU) signed between Jersey’s financial regulator the Jersey Financial Services Commission (JFSC) and the UK’s Financial Conduct Authority (FCA) should give fund managers added certainty around accessing UK investor capital through Jersey in the lead up to Brexit, according to Jersey Finance and the Jersey Funds Association (JFA). »

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CISI and Chartered Banker Institute welcome FCA requirement for individual members to include professional body membership in new Directory

Tue, 12/03/2019 - 08:39

Two leading financial services professional bodies have welcomed the FCA’s policy statement (19/7) which concludes its discussion on the creation of a new Directory. »

Law firm urges wealth advisers to be ready for SMCR

Mon, 11/03/2019 - 15:38

December this year sees the FCA extending the Senior Managers and Certification Regime (SMCR) to all ‘solo-regulated firms’, which will include wealth managers and financial advisers. »

Union Bancaire Privée obtains wholesale bank license in Singapore

Mon, 04/03/2019 - 15:25

Union Bancaire Privée’s Singapore branch has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank license. UB P Singapore expects to commence operations as a wholesale bank from 1 April 2019. »