Read on for this week’s Brexit Update.
Brexit Updates
Brexit Update w/c 16/3/20
Please read below for our most recent list of Brexit updates.
ESMA Focus on Reverse Solicitation
In early January 2022 ESMA released a copy of a letter dated 17th December 2021 (the “Letter”) which it had sent to the European Commission in relation to their request for information relating to the practice of reverse solicitation.
Remote-Hybrid Working Guidance from the FCA
For information – https://www.fca.org.uk/firms/remote-hybrid-working-expectations The FCA Released its Guidance for Remote-Hybrid Working Expectations in October 2021 and updated it again on 18th January 2022.
Best Regulatory Incubation Solutions Provider 2021 – Sturgeon Ventures
Sturgeon Ventures is pleased to announce that they have won Best Regulatory Incubation Solutions Provider 2021 from SME News – Greater London Awards.
EU’s New Cross-Border Distribution Framework – Local Facilities in Member States
The new EU Directive 2019/1160 and Regulation 2019/1156 (the “Directive” and the “Regulation”) (together the “CBDF”) on the cross-border distribution of collective investment funds took effect on 2 August 2021. In an earlier update, we specifically examined the changes these made for UCITS and AIFs at the pre-marketing stage. In this update, we address the impact of the CBDF on the requirement to maintain local facilities across Member States.
Google and firms that advertise financial services
A little education for Lead Generators who are currently advertising their Lead Services on Google; it may lead to other online advertisers to take a similar stance. Google in July has made it mandatory that Firms that Advertise Financial Services must be either directly FCA Approved or be an Appointed Representative Firm of a Principal […]
Sturgeon Ventures now has a Tied Agent MiFID Passporting Solution in Germany for its Appointed Representatives and Directly Authorised Firms
Sturgeon Ventures now has a Tied Agent MiFID-Passporting Solution in Germany, to add to its other EEA Solutions, as part of its regulatory-ecosystem.
Has the Appointed Representative Firm model for Regulatory Hosting and incubation changed in the UK since BREXIT?
Sturgeon Ventures LLP created and pioneered the wholesale Appointed Representative Firm in the early 2000s with the innovation of the market leading and award-winning, institutional Regulatory Incubation for starts ups and for overseas companies coming to the UK who wanted to set up a 1–2-person office, for example, to Arrange or Advise (depending on the […]
Crosslight’s Impact Report 2020/21
Crosslight is Sturgeon Ventures’ chosen charity and we are pleased to share their Impact Report for 2020/21.