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Results: 11-20 of 49

CASS operational oversight controlled function (CF10a) and CMAR
  • Herbert Smith Freehills LLP
  • United Kingdom
  • January 31 2011

All firms holding client money or assets must apportion responsibility for CASS operational oversight to an appropriate senior manager or director performing a significant influence function (SIF) within the firm


Prohibition on the use of general liens in custody agreements
  • Herbert Smith Freehills LLP
  • United Kingdom
  • January 31 2011

Subject to certain exceptions, the use of general liens in custody agreements will be prohibited from 1 March 2011


Client Assets Unit - increased firm visits and enforcement actions
  • Herbert Smith Freehills LLP
  • United Kingdom
  • January 31 2011

It is clear that the FSA regards client asset failings as an industry-wide problem and has established a specialist Client Assets Unit (Unit) to tackle these failings


UK regulatory reform - responses to the government consultation on "a new approach to financial regulation
  • Herbert Smith Freehills LLP
  • United Kingdom
  • November 26 2010

HM Treasury has published a summary of responses to its consultation on the reform of the UK financial services regulatory regime


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


FSA consults on reforms to platform regulation
  • Herbert Smith Freehills LLP
  • United Kingdom
  • November 19 2010

The FSA has published a long-awaited Consultation Paper (CP 1029) seeking industry views on changes to the regulation of platforms


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


An insight into the FSA's implementation of the new financial services regulatory structure and concerns
  • Herbert Smith Freehills LLP
  • United Kingdom
  • October 15 2010

HM Treasury has very recently published a memorandum submitted by the FSA in response to its inquiry into the Government's proposals for reform of financial regulation


Sweeping reforms to UK financial services regulatory regime might be an example to Japan
  • Herbert Smith Freehills LLP
  • Japan, United Kingdom
  • September 30 2010

Japan's financial regulator, the Financial Services Agency (Japanese FSA), has not been subject to clear pressure to reform unlike regulators in most other developed capital markets


The Lehman client money judgment: the Court of Appeal overturns key aspects of the High Court decision
  • Herbert Smith Freehills LLP
  • United Kingdom
  • August 12 2010

On 1 May 2009, the administrators of Lehman Brothers International (Europe) (LBIE) applied to the English High Court for directions on certain issues arising under the client money rules of the Financial Services Authority (FSA) set out in Chapter 7 of its Client Assets Sourcebook (CASS 7