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Consultation on the review of the Markets in Financial Instruments Directive: investment advice and the FSA's retail distribution review

  • Herbert Smith Freehills LLP
  • -
  • European Union, United Kingdom
  • -
  • February 11 2011

The European Commission published its consultation (the "Consultation") on the review of the Markets in Financial Instruments Directive ("MiFID") in December 2010

Intra-group client money deposits

  • Herbert Smith Freehills LLP
  • -
  • European Union, United Kingdom
  • -
  • January 31 2011

To prevent intra-group contagion (a situation painfully illustrated by the placement of 50 of Lehman Brothers International (Europe)'s client money with a group bank which became insolvent), firms will be subject to a 20 maximum limit on intra-group client money deposits in client bank accounts from 1 June 2011

Remuneration

  • Herbert Smith Freehills LLP
  • -
  • European Union, United Kingdom
  • -
  • November 23 2010

The remuneration aspects of the amended Capital Requirements Directive (CRD 3) are required to be implemented in Member States by 1 January 2011

A pan-European short-selling regime: reflections on the EC's draft short-selling regulation

  • Herbert Smith Freehills LLP
  • -
  • European Union, United Kingdom
  • -
  • November 2 2010

Last month, on the second anniversary of the collapse of Lehman Brothers, the European Commission issued a draft regulation on short selling and certain aspects of credit default swaps (CDS