02/10 Financial services and regulation Legal Eye
An overview of recent developments
In this issue:
Financial services regulation
- CEIOPS publishes convergence work roadmap for 2010
- The Financial Ombudsman Service publishes Ombudsman News issue 83
- FSCP responds to HM Treasury consultation on extension of FSA mortgage regulation
- Regulations made for authorised investment funds investing in offshore funds
- The OFT consults on Dubai Mercantile Exchange application under FSMA
- Spanish Presidency publishes new compromise proposal on the AIFM Directive
Recent FSA speeches and publications
- FSA chairman challenges past assumptions about the benefits of unlimited financial services liberalisation
- The FSA publishes second Solvency II IMAP update
- The FSA announces annual funding requirement for 2010/11
- The FSA cheif executive officer will step down in the summer
- Memorandum of Understanding between the Bank of England and the FSA published regarding the oversight of payment systems
Enforcement
- Glasgow-based stock broker firm fined £101,500
- Semperian Limited Partnership pleads guilty to change in control offence
- The FSA takes robust action against Wills & Co to stop it putting customers at risk
