In This Issue:

UK’s FCA Restricts Marketing of Unregulated Collective Investment Schemes and Similar Products to Retail Investors; Electronic Structured Note Systems and U.S. Securities Regulation; and Reminders from the SEC and FINRA.

Excerpt from UK’s FCA Restricts Marketing of Unregulated Collective Investment Schemes and Similar Products to Retail Investors -

Following a public consultation conducted by its predecessor, the Financial Services Authority (FSA), the Financial Conduct Authority (FCA) of the UK has published new, final rules restricting the distribution of unregulated collective investment schemes and “close substitutes” to certain retail investors.