12/10 Financial services and regulation Legal Eye

An overview of recent developments

In this issue:

Financial services regulation

  • FSA publishes revised Remuneration Code
  • FSA releases new remuneration disclosure rules
  • New rules issued by FSA on competence and ethics
  • Deposit guarantee limit raised to £85,000
  • New European Supervisory Authorities established

Recent FSA speeches and publications

  • FSA speech on progress towards the new regulatory structure
  • FSA & HM Treasury consultation on implementation of UCITS IV Directive
  • FSA Letter to Treasury Committee on the Retail Distribution Review
  • Proposed Dear CEO on firms' compliance with the liquidity regime
  • Article by Lord Turner on the FSA investigation of RBS

Enforcement

  • Tribunal upholds FSA ban for share ramping
  • Former stockbrokers fined and banned for using inside information
  • Managing director receives ban and £750,000 fine for mismarking
  • FSA fines Scottish Equitable for management and control failings

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