To jog your memory, in July 2014 the PRA and FCA (the Regulators) published a joint consultation paper on ‘Strengthening the alignment of risk and reward: new remuneration rules (PRA CP15/14/ FCA CP14/14)’. The consultation paper contained key proposals to amend the rules relating to deferral and claw back as well as the rules on remuneration of non-executive directors and bonus provisions for bailed-out banks.
Andrew Northage, Partner at Walker Morris LLP, speaks to Sturgeon Ventures on “When is an Investment Scheme a CIS?”
Establishing or operating a collective investment scheme (CIS) is a regulated activity under section 19 of the Financial Services and Markets Act 2000 (FSMA). As such, a person establishing or operating a CIS must be appropriately authorised.
Although it is not limited to asset managers, the FCA ‘s Discussion Paper on developing its approach to implementing the MiFID II conduct of business requirements (“DP 15/3”) published in late March, highlights certain aspects of MiFID II which will be of particular interest to asset managers as they prepare for MiFID II implementation.
A collective investment scheme (“CIS”) is defined by law. According to section 235(1) of The Financial Services and Markets Act 2000 (“FSMA”), a collective investment scheme is any arrangement with respect to property of any description, including money, the purpose or effect of which is to enable persons taking part in the arrangements
Speaking to Sturgeon Ventures, William Yonge a London-based partner of Morgan Lewis’s Investment Management Practice, examines the issues raised by the proposed Market Abuse Regime and the Market Abuse Directive.
On 12 June 2014, the European Commission published the Market Abuse Regulation (MAR) and the Market Abuse Directive on criminal sanctions for market abuse (CSMAD), together MAD II.
FCA Logo is never to be used in branding by FCA Regulated Firms, their Appointed Representative Firms or any other associated company.
Consumer duty refers to the responsibility of consumers to make informed and ethical choices when it comes to purchasing goods and services. It encompasses the idea that consumers should consider the impact of their consumption habits on society, the environment, and other stakeholders.
Why should we care, it’s just a little education, whilst pondering about why 15th January is called Blue Monday, I thought why the rainbow is a symbol of hope… and the educational piece came about.
Sturgeon Ventures supports Crosslight Advice and Seonaid Mackenzie is a trustee, this charity is having an impact on our society during these times of hardship www.crosslightadvice.org.
Sturgeon Ventures recently read that the FCA has launched a permanent Digital Sandbox for those involved in a variety of related themes, including – banking, payments, pensions and wholesale sell and buy-sides.
Sturgeon Ventures is pleased to share the latest press release from The Women in Finance Charter Annual Review 2022 and proud to say it has been a signatory to the Charter since its inception in July 2016.
Sturgeon Ventures likes to share great articles on important topics for our industry. See below for a recent article from Osborne Clarke on the issues around sustainable ESG performance or specific ESG-linked activities.
Sturgeon Ventures are pleased to announce that they have won the recent Lawyers Worldwide Awards 2023 for Start-up Compliance Consultancy Firm of the Year – UK.
