The UK's FCA and Brexit
This week the UK's Financial Conduct Authority (FCA) published two further consultations to prepare for the UK’s exit from the EU. It has published proposals to introduce the financial services contracts regime (FSCR) as well as proposed fees for regulating securitisation repositories.
It is continuing to plan for a range of ...
Australia releases consultation paper on reform of fees and costs disclosure for superannuation and investment schemes
The Australian Securities & Investments Commission (ASIC) this week released a consultation paper seeking feedback on proposed changes to the fees and costs disclosure regime for managed investment schemes and superannuation.
To assist industry in understanding the proposals, the consultation paper includes a proposed updated Regulatory Guide 97 Disclosing fees and ...
FCA (UK) opens fire on defunct FX scam-turned-crypto broker
The UK's Financial Conduct Authority (FCA) has issued a warning to investors over an unregistered brokerage firm that appears to be offering cryptocurrency-related derivatives in the country.
The UK’s financial regulator in a statement red-flagged a firm called SafeMarkets, saying the Estonia-based broker is not authorised to be targeting UK ...