4TEUS Solutions | April 2016

18Apr2016: News : FCA publishes findings on its thematic review into inducements

The FCA has published its key findings from its 2015 thematic review about benefits provided and received by firms conducting MiFID business and those carrying out regulated activities in relation to retail investment products. Read further details here

15Apr2016: News : FCA & PRA publish proposals to enhance enforcement of decision-making processes

The FCA and the PRA have published proposals aimed at strengthening the transparency and effectiveness of their enforcement decision-making processes. Read further details here.

08Apr2016: News : FCA reminds asset managers of importance of meeting investors’ expectation

Most asset managers are taking the right steps to ensure they’re managing funds as they describe, but the FCA have found examples of unclear product descriptions and inadequate governance or oversight. Read further details here.

07Apr2016: News : European Commission publishes a Delegated Directive supporting the MiFID II Directive

This aims to specify the rules relating to the safeguarding of clients’ financial instruments and funds, to product governance obligations for investment firms manufacturing and/or distributing financial instruments and to the provision or reception of fees, commissions or any monetary or non-monetary benefits (inducements). Read further details here.

05Apr2016: News : FCA publishes its Business Plan for 2016/17

The Business Plan outlines the seven priority themes which the FCA will focus on over the coming year. They are: pensions, financial crime and anti-money laundering, wholesale financial markets, advice, innovation and technology, firms’ culture and governance, and the treatment of existing customers. Read further details here.