New Year Letter – 2025
Dear Clients and Friends, As 2025 is now in full swing, it is time for our annual New Year letter. In our compliance review work during the past year, we have observed common gaps and recurring patterns. These trends highlight some low hanging fruit which can be put right easily, but if identified by the […]
Back to the Future – Part IV – Joint Payments for Research Update
Dear Clients and Friends, You will recall that our Alert from the summer outlined the changes proposed – and subsequently passed – by the FCA in relation to payment optionality for investment research. At that time, due to legislative technicalities, the proposals only applied to investment firms authorised pursuant to MiFID, notably excluding firms authorised under AIFMD […]
Complying with the Anti-Greenwashing Rule
Complying with the Anti-Greenwashing Rule by May 2024 In late 2023 the FCA confirmed a substantial package of measures to improve the trust and transparency of sustainable investment products and minimise greenwashing. This new regime includes an anti-greenwashing rule (applicable to all FCA Regulated firms), a product labels regime and fund naming requirements (both applicable […]
FCA ESG Regime – a safer environment for investors?
In late November, the FCA confirmed a substantial package – within Policy Statement 23/16 – of measures to improve the trust and transparency of sustainable investment products and minimise greenwashing. The FCA plans to introduce: 1) An anti-greenwashing rule – applicable to all FCA regulated firms; 2) Product labels – applicable to UK funds only; […]