JMLSG has published more proposed changes to its Guidance, following its proposals of August. The new proposals amend Part II. The changes update cross-references and re-order materials and make new guidance, or clarify or expand existing guidance for:

  • life assurance and pensions;
  • general insurance (creating a new sector);
  • discretionary and advisory investment management;
  • trade finance;
  • wholesale markets; and
  • prime brokerage and funds-related services.

There is a short consultation period, which closes on 21 October.