Client assets

Recent Articles

•  

  12/08/2019

  Online Platforms: "Walking" the line between legal and financial services compliance (Part 3 of 5)

  As set out in article 53 Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (“RAO”), investment advice provided by a person in their capacity as an investor or potential investor on the merits of buying or selling (or subscribing to) an investment product which is suitable to the person to whom it is made and is not otherwise issued exclusively to the public.In contrast, firms providing “information”, such as statements of fact or figures relating to an investment, are not usually providing investment advice or making personal recommendations under...

  Read more
•  

  08/08/2019

  New Rules on Material Related Party Transactions for Premium and Standard Listed Companies

  As a result, both premium and standard listed companies must have in place the relevant procedures in order to comply with the new Disclosure and Transparency Rules (“DTR”) on material related party transactions (“RPTs”), including a requirement for board approval and public announcement where relevant. These requirements will apply, in addition to the Listing Rules (“LR”) for premium listed companies, to certain types of transactions entered in financial years starting on or after 10 June 2019. Who does this apply to? The new RPT rules apply to: UK companies...

  Read more
•  

  11/04/2018

  Securitisation Regulation: 60 minutes to understand the new rules and issues

  CMS cordially invite you to attend a webinar: 11 April 2018 | 10:00 UK/ 11:00 CET Securitisation Regulation: 60 minutes to understand the new rules and issues This webinar will last one hour (including a Q&A session) and will provide an update on new EU regulations regarding securitisation. Four expert speakers from the UK, France and Spain will cover the areas you need to be aware of. Agenda: Scope of the new regulations (STS and CRR treatment) New rules applicable to any EU securitisation STS CRR/other directive changes REGISTER NOW

  Read more
•  

  07/03/2016

  Regulatory issues in the general insurance sector – the 2016 agenda

  Brexit & EU ReformInsurers and brokers need to consider their contingency plans in case there is a vote to ‘leave’ the EU in the forthcoming UK Brexit referendum on 23 June 2016. You can learn more about the impact of Brexit and EU reform: our seminar on Brexit; our Brexit & EU reform page for FS-related issues; and our dedicated Brexit microsite covering a broader range of issues and sectors.Insurance Distribution Directive / IMDIt looks likely that the IDD implementation deadline will be January 2018. IDD leaves Member States the option to impose additional requirements in...

  Read more
•  

  02/12/2014

  Germany adopts new deposit insurance law to implement the DGS Directive

  The DGS Implementation Act splits up the existing Deposit Guarantee and Investor Compensation Act (Einlagensicherungs- und Anlegerentschädigungsgesetz – "EAEG”) into two separate acts, the Deposit Guarantee Act (Einlagensicherungsgesetz – "EinSiG”) and the Investor Compensation Act (Anlegerentschädigungsgesetz). The DGS Implementation Act responded to the DGS Directive passed in June this year, requiring each EU member state to create a deposit insurance fund for the nation's banking sector. The directive specifies that each nation's fund must set aside an amount...

  Read more
•  

  01/12/2014

  The German BRRD Implementation Act

  A key element of the BRRD-Transposition Act is the introduction of a Resolution and Recovery Act (Sanierungs- und Abwicklungsgesetz (SAG)), bringing together existing rules laid down in the Banking Act (Kreditwesengesetz (KWG)) and new rules established by the BRRD. In contrast to the current legal situation, under the new Resolution and Recovery Act the requirement to establish resolution plans is not restricted to systemically relevant institutions. Nonetheless, institutions which are neither globally nor nationally systemically relevant can be exempted from this requirement.The competent national...

  Read more