Final rules on remuneration reporting requirements published *

United Kingdom - November 30 2012
The FSA has published a Policy Statement (PS 12/18) in relation to data collection on remuneration practices.

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Consultation on the approved persons regime under the PRA and FCA *

United Kingdom - October 31 2012
The FSA has launched Consultation Paper (CP12/26) containing a number of proposals for the operation of the approved persons regime under the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

Co-authors: Charlotte Hill, Noline Matemera, Victoria Silver.

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Plus500UK Limited minus £205k for transaction reporting failures *

United Kingdom - October 31 2012
Plus500UK Limited (Plus500) and James Sharp and Company (JSC) have been fined £205,128 and £49,000 respectively for failing to accurately and promptly provide transaction reports to the FSA.

Co-authors: Charlotte Hill, Noline Matemera, Victoria Silver.

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Financial Services Bill completes committee stage in House of Lords *

United Kingdom - October 31 2012
Parliament has published a press release to announce that the Financial Services Bill 2012-13 (the FS Bill) has now completed the Committee stage in the House of Lords.

Co-authors: Charlotte Hill, Noline Matemera, Victoria Silver.

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Dear "CEO" letter on circumventing the RDR commission ban *

United Kingdom - October 31 2012
Following its recent supervisory work, the FSA has published a "Dear CEO" letter sent to a sample of IFA networks and life insurers comprising of the largest retail investment product providers.

Co-authors: Charlotte Hill, Noline Matemera, Victoria Silver.

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