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
