08/11 Financial services and regulation Legal Eye
An overview of recent developments
In this issue:
Financial services regulation
- Calls for 12 month delay on Retail Distribution Review
- ESMA consults on systems and controls for highly automated trading
- Responses to consultation on reform of consumer credit regime published
- Inquiry into accountability of the FCA
- Guidance on claims handling published
Recent FSA speeches and publications
- ESMA publishes Consultation Paper on the AIFMD
- FSA reports on risks posed by hedge funds
- Client Assets Sourcebook Consultation Paper published
- Capital Requirements Directive IV proposals published
Enforcement
- Willis Limited fined £6.895 million for anti-bribery and corruption failings
- Fines for two former directors of Alpha to Omega (UK) Limited
- Risks of unsuitable investment advice lead to prohibitions for directors
- Specialist police force to combat insurance fraud established
