Regulatory Focus-July 2016

In this edition of Regulatory Focus, Duff & Phelps provides a synopsis of the Financial Conduct Authority’s (FCA) latest news and publications in July.

In preparation for MiFID II, the FCA has published its second consultation paper which primarily sets out the proposed changes to the handbook. Given that many regulated firms will be affected by both MiFID II and the outcomes from this consultation paper, the FCA is seeking the industry’s views on the proposals by 28 October 2016. This feedback can be submitted using the online response form or by writing to the FCA directly. The FCA aims to publish the rules in a Policy Statement in the first half of 2017 after considering feedback received.

Also explored in this edition are two recent enforcement actions, as well as guidance on fund suspensions following asset managers receiving high levels of redemption requests from investors as a result of the EU referendum. The FCA has also finalized its guidance for firms outsourcing to cloud platforms and other third-party IT services.

ESMA’s recent advice on Third Country AIFMD Passports and implications are also explored.

Regulatory Focus-July 2016 2016-08-12T00:00:00.0000000 /insights/publications/compliance-and-regulatory-consulting/regulatory-focus-newsletter-july-2016 publication {DA6CC51B-740E-439A-B283-2BBFB5326BAA} {DE05ECA4-1852-4BEF-A4E1-491CB497F9CB} {1C3CB363-1B9A-40E2-AF19-5C433260F861} {65648E61-ED08-40DF-AEE6-DB90ABD49289} {B7CF2537-1DBA-485F-A14F-8BD1524F1A8B} {06F92A80-3DC4-43D6-B936-0DCE2BB89559}

Related Services

Duff & Phelps Compliance and Regulatory Consulting

Compliance and Regulatory Consulting

By Jurisdiction

Regionally targeted assistance for asset managers in compliance program development, implementation and maintenance

By Jurisdiction
Duff & Phelps Compliance and Regulatory Consulting

Compliance and Regulatory Consulting

EU Regulation

Comprehensive compliance and regulatory support for EU firms.

EU Regulation
Duff & Phelps Valuation Advisory Services

Valuation Advisory

Portfolio Valuation

Alternative investment valuation for private equity and hedge funds.

Portfolio Valuation
Duff & Phelps Disputes

Disputes and Investigations and Legal Management Consulting

Securities Litigation

Assistance with complex securities litigation.

Securities Litigation
Duff & Phelps Compliance and Regulatory Consulting

Compliance and Regulatory Consulting

Regulatory Tax Advisory

Global tax services uniquely customized for asset managers.

Regulatory Tax Advisory

Insights