Financial Services Europe and International Update: Regulatory Developments - August 2011 - Issue 10


In This Issue:

EU Regulatory Developments: p1 European Parliament Votes on EMIR, Short Selling and Investor Compensation Proposals; p1 ESMA Consults on AIFM Directive Implementing Measures; p2 European Commission Public Consultation on Social Investment Funds; p2 European Commission Initiatives for 2011: Update on Expected Adoption Dates of Financial Services Measures; p2 ESMA Consults on Guidelines on Systems and Controls for Highly Automated Trading; p3 ESMA Discussion Paper on UCITS Exchange-Traded Funds and Structured UCITS; p3 European Commission Publishes CRD IV Legislative Proposals; p6 EMIR: The Polish Presidency’s Further Compromise Proposal; p6 TARGET 2 Securities: Bank of England Decision; p6 Stress Tests in the Banking Sector: EBA Results of 2011 Tests; and, p7 European Commission Initiatives for 2011: Update on Adoption of Financial Services Measures.

UK Regulatory Developments; p7 Authorised Investment Funds:

Equalisation; p7 The FCA’s Approach to Regulation; p8 UCITS IV Implementation in the UK; p9 FSA Passporting Forms; p9 FSA Issues Modification by Consent to Authorised Fund Managers of NURSs; p10 Consolidated Version of FSMA Reflecting the Draft FS Bill; p10 Government Announces Timing for the Financial Services Bill Legislative Process; p10 Joint Committee Calls for Evidence on Financial Services Bill; p11 FSA Consultation on Guidance on Prominence of Financial Promotions p11 Prospectuses: Prospectus Regulations 2011; p11 FSA Financial Promotions Industry Update on EIS and VCT Investments; p12 Controlled Foreign Companies: HMT Consultation; p12 Unauthorised Unit Trusts: HMRC Consultation; and, p12 Finance Act 2011: Provisions of Interest to the Financial Services Industry.

Please see full newsletter below for more information.

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