Herbert Smith Freehills LLP | United Kingdom | 27 Apr 2011
On 21 April 2011, the FSA published a number of draft guidance documents to assist firms in complying with the revised FSA Remuneration Code (the "Code").
Herbert Smith Freehills LLP | United Kingdom | 31 Jan 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.
Herbert Smith Freehills LLP | United Kingdom | 31 Jan 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.
Herbert Smith Freehills LLP | United Kingdom | 26 Nov 2010
HM Treasury has published a summary of responses to its consultation on the reform of the UK financial services regulatory regime.
Herbert Smith Freehills LLP | United Kingdom | 30 Mar 2010
The FSA today published Consultation Paper 10/9 which includes the following proposals for enhancing its Client Assets Sourcebook (CASS).
Herbert Smith Freehills LLP | United Kingdom | 18 Jan 2010
Our daily update referred to the publication of the FSA's "Dear CEO letter", in which the FSA asks for responses by 12 February 2010: confirming that the new systems and controls requirements have been properly embedded; outlining any remaining actions that need to be taken; and confirming that appropriate plans are in place to ensure accurate electronic reporting of liquidity data from the......
Herbert Smith Freehills LLP | United Kingdom | 19 Aug 2009
Following completion of its consultation on proposals to implement a code of practice on remuneration policies, the FSA has published the responses received and the decisions that it has taken on the application of the Code.
Herbert Smith Freehills LLP | United Kingdom | 30 Mar 2009
The FSA's consultation paper CP09/10, entitled "Reforming remuneration practices in financial services", made its appearance in the wake of the publication of the Turner Review and associated discussion paper this month.
Herbert Smith Freehills LLP | United Kingdom | 11 Mar 2009
On 26 February, the FSA published a Code of practice on remuneration policies in draft form, in conjunction with the government's announcement about the Asset Protection Scheme.