TITLE

Advisers to come under tougher senior managers regime

PUB. DATE
October 2015
SOURCE
Fundweb;10/15/2015, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the requirement by the financial regulatory board Financial Conduct Authority of Great Britain for the banking industry in the country to assess whether senior investment advisors are fit and proper on at least an annual basis. Particular focus is given to the recommendation by the Fair and Effective Markets Review for more attention to the allocation of responsibilities of senior managers and the need to identify a responsible person for each area in the industry.
ACCESSION #
110378860

 

Related Articles

  • Time advisers stood up to FCA on independence? NORMAN, TESSA // Money Marketing;6/12/2014, Issue 1441, p9 

    The article discusses the view of experts that the Financial Conduct Authority (FCA) has interpreted its own rules for independence as experts incorrectly. Topics discussed include how the regulation prevents firms to redirect clients to the best person that could advise them, the unintended...

  • The weekly MM poll.  // Money Marketing;6/12/2014, Issue 1441, p13 

    The article presents the result of a weekly poll that asked whether the Financial Conduct Authority (FCA) should revisit its simplified advice regime amid proposals of the Budget guidance guarantee.

  • Put yourself in client's shoes to win their trust. POYNTZ-WRIGHT, NICK // Money Marketing;6/12/2014, Issue 1441, p45 

    The article reports on the positive changes in communication between investment advisors and their clients brought about by the recommendation of the thematic review conducted by the Financial Conduct Authority (FCA).

  • FCA delays adviser capital adequacy rules by two years; plans 'fundamental review'. Selby, Tom // Money Marketing (Online Edition);9/27/2013, p2 

    The article focuses on the implementation delay of adviser capital adequacy rules by the Financial Conduct Authority (FCA) in Great Britain until December 2017. The FCA will review the rules which would require personal investment firms to hold capital worth three months of annual expenditure...

  • FCA slammed for 'outsourcing' approvals of bank advisers. TOLLEY, STEVE // Money Marketing;8/7/2014, Issue 1449, p16 

    The article explores the plan of the Financial Conduct Authority (FCA) to outsource certification of banks' advisers, which was revealed by a consultation paper between the regulator and the Prudential Regulation Authority. Topics discussed include the influence of the Parliamentary Commission...

  • Confusion reigns on independent question. HAMILTON, PETER // Money Marketing;6/12/2014, Issue 1441, p44 

    The article discusses the confusion brought by the thematic review done by the Financial Conduct Authority (FCA) over how well firms providing independent advice comply with rules on independence and meet the new Retail Distribution Review (RDR) requirements on independence. Topics discussed...

  • Paul Lewis: FCA must rethink 'restricted' advice rules. Lewis, Paul // Fundweb;9/10/2015, p1 

    The article offers the author's views on the restricted advice rules imposed by the Financial Conduct Authority (FCA) in Great Britain as of 2015. He argues that rule distinction for financial advisers is not fully observed and implemented. He suggests that the products sold as investments with...

  • Inducing firms to tackle conflict management. Collins, Simon // Money Marketing;2/27/2014, p17 

    The article discusses investment management firms' application of the British Financial Conduct Authority's (FCA) guidance on inducements and conflicts of interest. Topics addressed include rules governing investment advice, training staff to be customer-centric, and non-financial inducements...

  • CCOs Brace for U.K. Senior Managers Regime. Jaeger, Jaclyn // Compliance Week;Jan2016, Vol. 13 Issue 144, p12 

    The article offers information on the Senior Managers Regime, a rule set for banking companies by the Financial Conduct Authority (FCA) in Great Britain, which makes chief compliance officers (CCOs) accountable for their actions. Topics discussed include a regulation for people's suitability in...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics