UK:
UK Financial Conduct Authority Issues Guidance On Managing Risks From Performance Management
31 July 2015
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On July 27, 2015, the Financial Conduct Authority published
final guidance for firms on risks to customers from performance
management. The guidance applies to all firms with staff that deal
directly with retail customers. The guidance is intended to assist
firms in ensuring that the risk of misselling from performance
management is managed and to monitor performance management,
looking for indicators of undue pressure to identify poor
practices. The FCA will reconsider the guidance once the Markets in
Financial Instruments Regulation and Directive, known as MiFID II,
come into effect on January 3, 2017.
The guidance is available at: http://www.fca.org.uk/static/documents/finalised-guidance/fg15-10.pdf
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...
CRD VI And Its Impact On Lending Into Europe
Cadwalader, Wickersham & Taft LLP
December 2023 saw the publication by the EU of the near-final version of its ‘Banking Package' that makes significant changes to the Capital Requirements Directive known as ‘CRD VI'.
Financial Promotion Exemptions – UK Government U-Turn
Shepherd and Wedderburn LLP
In response to criticism, the UK Government announced in the 2024 Spring Budget that recent changes to the financial promotion exemptions eligibility criteria would be partially reversed from 27 March 2024.