From 8 October, firms wishing to make a “financial promotion” relating to a “qualifying cryptoasset” can only do so legally if:
The financial promotion is communicated by an FCA- or PRA-authorised person....more
10/3/2023
/ AIFs ,
Compliance ,
Criminal Penalties ,
Cryptoassets ,
Enforcement Actions ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Promotions ,
Fines ,
FSMA ,
Investment ,
Investors ,
Marketing ,
Money Laundering ,
Non-Fungible Tokens (NFTs) ,
Proceeds of Crime Act 2002 (POCA) ,
Prudential Regulation Authority (PRA) ,
UK
Financial promotions of qualifying cryptoassets are now within the scope of the UK financial promotion regime.
The FCA has published its final policy statement on rules for communicating financial promotions of qualifying...more
6/15/2023
/ Compliance ,
Cooling-Off Rule ,
Cryptoassets ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Promotions ,
Incentives ,
Investment ,
Marketing ,
Prudential Regulation Authority (PRA) ,
Risk Management ,
Securities ,
Stablecoins ,
UK
On Tuesday 28 May 2019, the EMIR Refit Regulation (the "EMIR Refit") was published in the Official Journal. Relevant entities now have only 19 days to prepare for some of the key changes, ahead of the go live date of Monday...more
5/30/2019
/ AIFM ,
AIFs ,
Amended Rules ,
Asset Management ,
Compliance ,
Derivatives ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Counterparties (FC) ,
Investment Funds ,
Mandatory Clearing Requirements ,
Margin Requirements ,
Non-Financial Counterparties (NFC) ,
Over The Counter Derivatives (OTC) ,
Reporting Requirements ,
Third Country Entities (TCEs) ,
UK ,
UK Brexit
Background -
The Markets in Financial Instruments Directive (“MiFID II”) and the related Regulation (“MiFIR”) is the next big rewrite of EU legislation, due to take effect at the beginning of 2017. Although its greatest...more
6/18/2015
/ AIFM ,
Algorithmic Trading ,
Amended Legislation ,
Asset Management ,
Compliance ,
Disclosure Requirements ,
EU ,
European Securities and Markets Authority (ESMA) ,
Inducements ,
Investment Adviser ,
Investment Companies ,
Investment Firms ,
MiFID ,
MiFID II ,
MiFIR ,
Notification Requirements ,
Portfolio Managers ,
Recordkeeping Requirements ,
Reporting Requirements ,
Transaction Reporting ,
UCITS
A fine of over £18 million was recently imposed by the UK regulatory body, the Financial Conduct Authority (the “FCA”), on a fund manager for a range of compliance breaches, including failing to ensure that its KIIDs were...more
6/7/2014
/ Asset Management ,
Compliance ,
Derivatives ,
EU ,
Financial Conduct Authority (FCA) ,
Fines ,
Investment Funds ,
Investors ,
Popular ,
UCITS ,
UK