en-auhttp://www.elexica.com/en/legal-topics/tax/20-eu-financial-transaction-taxAn updated version of our comprehensive note on proposals for a multilateral EU Financial Transaction Tax (FTT), incorporating major developments up to 19 June 2013 and looking ahead to the rest of 2013/2014.Wed, 19 Jun 2013 11:40:00 GMThttp://www.elexica.com/en/resources/training-landing/20130529-antimoney-laundering-the-storm-clouds-gatherThis seminar looks at the best ways to mitigate the risks for financial institutions and SFC-licensed entities, as well as the practical implications for the fund management industry.Wed, 19 Jun 2013 07:58:00 GMThttp://www.elexica.com/en/resources/training-landing/20130524-misselling-clearing-the-hurdlesWith regulators across the world focused on the sales practices of financial institutions, this seminar looks at the latest legal and regulatory developments in this area and how institutions can avoid falling on the wrong side of the line.Wed, 19 Jun 2013 07:41:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/13-distribution-of-investment-funds-in-germany-new-rules-resulting-from-german-aifmd-implementationThis briefing note covers the changes the KAGB will introduce in respect to the distribution of non-German funds in Germany. Thu, 13 Jun 2013 11:02:00 GMThttp://www.elexica.com/en/resources/training-landing/20130610-final-fca-rules-banning-promotion-of-ucis-and-close-substitutes-to-retail-clientsMaterials from a conference call held by Simmons & Simmons on 10 June 2013.Mon, 10 Jun 2013 15:57:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/10-esma-publishes-guidelines-on-key-concepts-of-the-aifmdAs part of its work to finalise the Level 2 measures of the Alternative Investment Fund Managers Directive, ESMA has issued its Guidelines on key concepts of the AIFMD providing clarification on what constitutes an ‘AIF’.Mon, 10 Jun 2013 09:18:00 GMThttp://www.elexica.com/de-DE/resources/training-landing/20130528-kagb-diskussion-aktueller-fragen-mit-fokus-auf-den-vertriebDie Veröffentlichung des nunmehr „finalen“ Gesetzestextes des zukünftigen KAGB haben wir zum Anlass genommen um ein weiteres Breakfast Briefing zu veranstalten. Dieses hat die Darstellung aktueller Fragen mit einer Fokussierung auf die Vertriebsvorschriften beinhaltet. Die hier verwendete Präsentation stellen wir nun zur Verfügung.Thu, 06 Jun 2013 14:38:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/06-aifmd-update-on-uk-implementationIn recent weeks, HM Treasury and the Financial Conduct Authority have provided insight into a number of key areas regarding how the AIFMD is to be implemented in the UK from 22 July 2013.Thu, 06 Jun 2013 14:33:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/05-aifmd-uk-fca-publishes-draft-variation-of-permission-application-formThe UK Financial Conduct Authority has published a draft Variation of Permission form and confirmed its application process for UK firms which need AIFM authorisation as at 22 July 2013. Wed, 05 Jun 2013 15:29:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-65-financial-services-alerter-may-2013Issue 65 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 05 Jun 2013 09:36:00 GMThttp://www.elexica.com/en/legal-topics/tax/04-ftt-to-be-severely-curtailed-and-delayedRumours circulating in the press and financial markets currently point to the likelihood that the EU Commission’s FTT will be both severely curtailed and delayed.Tue, 04 Jun 2013 13:20:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-88-oversight-may-2013-sfc-consultation-on-amending-the-professional-investor-regimeThis Oversight looks at the SFC's latest proposals to change the present professional investor regime in Hong Kong and to impose new requirements for client agreements.Tue, 28 May 2013 08:27:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0329-eba-consultation-on-material-risk-takers-for-remuneration-purposesSimmons & Simmons partner Andrea Finn talks to partner Ian Fraser about the EBA’s consultation on the definition of material risk takers for remuneration purposes.Fri, 24 May 2013 14:38:00 GMThttp://www.elexica.com/en/resources/training-landing/20130508-market-misconduct-the-screws-tightenIn the last few months we have seen significant structural changes to the regulatory / statutory regime governing market misconduct in Hong Kong.Wed, 22 May 2013 17:59:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/22-widening-the-net-of-remuneration-regulation-should-anyone-who-earns-500000-or-more-be-caughtA summary of the key issues arising out of the EBA’s consultation document on the definition of material risk takers for remuneration purposes.Wed, 22 May 2013 14:07:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0327-fund-marketing-aifmd-implementation-updateSimmons & Simmons partners Darren Fox and Charlotte Stalin discuss outstanding issues relating to implementation of the AIFMD of relevance to the marketing of fundsTue, 21 May 2013 15:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/17-simmons-responds-to-fsas-cp13-9-on-the-implementation-of-the-aifmdSimmons & Simmons submits a response to the FSA CP13/9 on implementing the Alternative Fund Managers Directive into the FCA rules.Fri, 17 May 2013 09:15:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/15-fcas-reign-begins-with-three-new-offencesThe Financial Services Act 2012 entered into force on 01 April 2013, introducing the FCA and three new criminal offences.Wed, 15 May 2013 11:25:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/13-proposed-dutch-restrictions-on-use-of-derivatives-by-semi-public-institutionsThe Dutch Minister of Finance recently provided a progress report to Parliament about the proposed regulation of the use of derivatives by (semi) public institutions. The need for the regulation was expressed in the Dutch coalition agreement of 29 October 2012, although the exact wording actually only refers to a ban on speculation with derivatives.Mon, 13 May 2013 11:48:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-64-financial-services-alerter-april-2013Issue 64 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 13 May 2013 10:46:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/08-aifmd-for-us-hedge-fund-managers-marketing-to-uk-investorsOverview of draft guidance on “marketing” and details of the proposed UK private placement register under AIFMD, as contained in FSA’s second consultation on UK implemention of AIFMD and subsequent HM Treasury Q&As.Wed, 08 May 2013 12:14:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/03-aifmd-hm-treasury-publishes-qas-on-a-number-of-key-topicsHM Treasury has published a series of Q&As, clarifying a number of outstanding issues on the transposition of the Alternative Investment Managers Directive into UK law. Fri, 03 May 2013 13:00:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/2-anti-money-laundering-storm-warning-signalHong Kong is tightening its grips on anti-money laundering with a ramped up AML supervision team and increased scrutiny of compliance by financial institutions.Thu, 02 May 2013 07:41:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-87-oversight-apr-2013-extending-the-sfo-to-apply-to-noncorporate-listed-entitiesThe SFC on 27 March 2013 issued its Consultation Conclusions on proposals to enhance the regulatory regime for non-corporate listed entities, in which the SFC has decided to implement all the proposals set out in the Consultation Paper. This Oversight focuses specifically on the proposals which are most relevant to ETFs and REITs listed on SEHK.Fri, 26 Apr 2013 08:01:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/24-hong-kong-regulatory-enforcement-update-201304A round up on regulatory enforcement developments for the first quarter of 2013. The key focus areas in Q1 have been sales practices and other Code of Conduct issues.Wed, 24 Apr 2013 02:44:00 GMThttp://www.elexica.com/en/legal-topics/tax/22-uk-challenges-legal-validity-of-eu-fttThe UK has launched legal proceedings against the EU Financial Transaction Tax, challenging the legal validity of the current proposals on the basis of their extra-territoriality.Mon, 22 Apr 2013 13:58:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds-hk-china/legal-headwinds-hk-china-2013-q2The Q2 2013 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in HK/China for the period from 01 April to 30 June 2013. Mon, 22 Apr 2013 09:53:00 GMThttp://www.elexica.com/en/legal-topics/banking/27-financial-collateral-arrangements-are-you-in-controlAn article on the financial collateral arrangements, taking into account the November 2012 decision in the Lehman case.Thu, 18 Apr 2013 14:40:00 GMThttp://www.elexica.com/en/legal-topics/tax/18-proposal-for-council-directive-implementing-enhanced-cooperation-fttSimmons & Simmons has submitted detailed queries and comments to the European Commission on its proposal for an EU Financial Transaction Tax.Thu, 18 Apr 2013 11:25:00 GMThttp://www.elexica.com/en/legal-topics/tax/17-five-eu-member-states-to-pilot-multilateral-tax-information-exchangeOn 09 April 2013, the UK, France, Germany, Italy and Spain (G5) agreed to develop and pilot a multilateral tax information exchange facility. Under the agreement, a wide range of financial information will automatically be exchanged between the countries with a view to catching and deterring tax evaders.Wed, 17 Apr 2013 14:01:00 GMThttp://www.elexica.com/en/resources/training-landing/2013-fml-regulation-quarterly-update/mis-sellingRecording and summary of a conference call, held on 09 April 2013. This session covers criminal mis-selling, civil mis-selling and future hot topics. Wed, 10 Apr 2013 12:16:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-63-financial-services-alerter-march-2013Issue 63 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 10 Apr 2013 11:09:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/2013-FML-Regulation-Quarterly-UpdateRecordings and slides from a series of conference calls presenting quarterly updates outlining our views on the most topical issues affecting financial markets participants. Tue, 09 Apr 2013 15:10:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/08-aifmd-european-commission-provides-qandas-on-a-number-of-key-topicsThe European Commission has published a series of Q&As in response to queries which cover a number of the key issues under AIFMD.Mon, 08 Apr 2013 09:58:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds/legal-headwinds-2013-q2The Q2 2013 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in the UK for the period from 01 April to 30 June 2013. Fri, 05 Apr 2013 12:04:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/04-update-on-dutch-inducement-regulations-consultation-on-introduction-of-complete-inducement-banConsultation on introduction of complete (MiFID) inducement ban as of 01 January 2014.Thu, 04 Apr 2013 14:28:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/02-summary-of-hm-treasurys-second-consultation-on-aifmd-transpositionSummary of the main issues in HM Treasury’s second consultation paper on how it intends to transpose the AIFMD into UK law.Tue, 02 Apr 2013 14:50:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/28-aifmd-toolkit-overviewTo help you prepare for implementation, Simmons & Simmons has created an AIFMD Toolkit, designed to provide practical guidance on a number of key topics. Thu, 28 Mar 2013 15:30:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/28-law-commission-announces-review-of-fiduciary-duties-of-investment-intermediariesOn 26 March 2013, the Law Commission announced that it had started work on a review into the fiduciary duties of investment intermediaries. The review follows the recommendation of the Kay Review of UK equity markets that the Commission be asked to review the legal concept of fiduciary duty as applied to investment.Thu, 28 Mar 2013 12:36:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/AIFMD-toolkitThu, 28 Mar 2013 09:49:00 GMThttp://www.elexica.com/en/resources/training-landing/employment-conference-calls/crdiv-remuneration-provisionsA practical telephone call in English on CRDIV - Remuneration provisions (including the bonus cap).Thu, 28 Mar 2013 09:45:00 GMThttp://www.elexica.com/es-ES/resources/newsletter-listing/derecho-corporativo-y-de-negocios-en-espana/27-spanish-newsletter-marzo-2013Nueva edición del Newsletter legal elaborado por la Oficina de Madrid de Simmons & Simmons.Wed, 27 Mar 2013 12:24:00 GMThttp://www.elexica.com/en/resources/training-landing/20130326-understanding-directors-and-officers-liability-insuranceAn interview hosted by The College of Law addressing the issues surrounding D&O insurance and possible alternatives to D&O Insurance products. An overview of the cover available, the requirements of the Companies Act 2006 and its limitations and the alternatives available to help shield directors and officers from personal liability.Wed, 27 Mar 2013 09:42:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/27-misselling-hong-kong-courts-curtail-moral-hazardHong Kong Courts approach consistent with the English Courts in rejecting mis-selling claim and recognised that contractual estoppel could be invoked to defeat a mis-selling claim. Wed, 27 Mar 2013 02:32:00 GMThttp://www.elexica.com/fr-FR/resources/training-landing/20130326-actualite-reglementaire-bancaire-et-financiereSimmons & Simmons LLP Paris en partenariat avec l’Association Française de Gestion Financière (AFG) a organisé un petit-déjeuner « Actualité Règlementaire bancaire et financière » le mardi 26 mars 2013.Tue, 26 Mar 2013 17:30:00 GMThttp://www.elexica.com/en/legal-topics/tax/26-ftt-capital-markets-structured-finance-transactionsThis article highlights the practical implications of the proposed multilateral EU FTT on capital markets and structured finance transactionsTue, 26 Mar 2013 15:30:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/25-the-next-step-germanys-high-frequency-trading-actGermany’s high frequency trading act has passed the next hurdle – BaFin publishes FAQ.Mon, 25 Mar 2013 14:22:00 GMThttp://www.elexica.com/en/legal-topics/tax/22-ftt-implementation-timeline-under-ecpThis timeline tracks important past, present and scheduled future developments in the implementation of a multilateral EU FTT under the enhanced co-operation procedure (ECP).Fri, 22 Mar 2013 15:41:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/22-legal-cutoverOverview of how the UK regulatory regime for financial services looks since 01 April 2013 and some brief action points to consider if you have not done so already.Fri, 22 Mar 2013 14:24:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/21-consultation-on-draft-policy-on-gross-short-selling-notification-regime-in-the-netherlandsSummary of AFM consultation on a draft policy clarifying the Dutch gross short position disclosure regime.Thu, 21 Mar 2013 12:40:00 GMThttp://www.elexica.com/en/resources/training-landing/20130219-working-within-eu-financial-collateral-arrangementsA conference call covering security arrangements and compliance when working within the EU Financial Collateral Regulations. Thu, 21 Mar 2013 10:02:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/19-cnmv-publishes-2013-plan-of-activitiesSummary of the plan of activities recently presented by the CNMV that sets out its list of objectives for the next five quarters.Tue, 19 Mar 2013 13:07:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/19-amendments-to-the-investment-funds-regulations-in-the-united-arab-emiratesProposed amendments exempt the promotion of foreign investment funds to certain categories of investors in the United Arab Emirates.Tue, 19 Mar 2013 12:19:00 GMThttp://www.elexica.com/it-IT/resources/newsletter-listing/italy-newsletter/edizione-10-italy-newsletter-febbraio-2013La Newsletter italiana Simmons & Simmons offre un aggiornamento sulle principali novità legislative e regolamentari.Mon, 18 Mar 2013 11:13:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0308-eu-bonus-cap-the-latestSimmons & Simmons partner Philip Bartlett talks to colleague Stephanie Cackett about the latest proposals in relation to capping bonuses in the financial institutions sector.Wed, 13 Mar 2013 14:21:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0307-promoting-ucis-and-close-substitutes-to-retail-clientsSimmons & Simmons managing associates Penny Miller and Nick Colston discuss recent developments regarding the FSA’s proposals to ban the promotion of unregulated collective investment schemes and close substitutes to retail clients.Tue, 12 Mar 2013 15:44:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/11-remuneration-under-the-aifmd-esma-final-guidelinesOn 11 February 2013, the European Securities and Markets Authority (ESMA) published its Feedback Statement and final guidelines on sound remuneration policies under the Alternative Investment Fund Managers Directive (AIFMD) (the Final Guidelines). Mon, 11 Mar 2013 13:24:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0305-esma-final-guidelines-on-remuneration-under-aifmdSimmons & Simmons partners Sarah Bowles and Andrea Finn discuss the major points arising from the final ESMA guidelines, published on 11 February 2013.Fri, 08 Mar 2013 15:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-62-financial-services-alerter-february-2013Issue 62 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Fri, 08 Mar 2013 13:13:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/06-bankers-bonus-cap-for-services-and-performance-from-the-year-2014-onwardsThe UK Government’s latest chance to derail the long threatened and much debated cap on bonuses under the Capital Requirements IV package of legislation failed in March 2013.Thu, 07 Mar 2013 15:25:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0303-aifmd-for-us-hedge-fund-managersSimmons & Simmons partners Sarah Bowles and Steven Whittaker discuss issues for US hedge fund managers arising from the AIFMD. Wed, 06 Mar 2013 13:40:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/05-emir-obligations-applicable-from-15-march-2013Summary of obligations under EMIR which came into force on 15 March 2013.Tue, 05 Mar 2013 15:45:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-86-oversight-feb-2013-aifmdThis Oversight looks at the key points a Hong Kong or an Asian hedge fund manager needs to know about AIFMD from 22 July 2013. Mon, 04 Mar 2013 17:47:00 GMThttp://www.elexica.com/en/resources/training-landing/20130221-esmas-final-guidelines-remuneration-under-aifmdRecording of a conference call, held on 21 February, providing an overview of the main points arising from ESMA’s recent guidelines on the remuneration of Alternative Investment Fund Managers under the AIFMD.Wed, 27 Feb 2013 12:41:00 GMThttp://www.elexica.com/fr-FR/resources/podcast/episode-298-trading-electroniqueMaureen Gleeson et Stephanie Feld , Solicitors chez Simmons & Simmons, discutent du projet consultatif de la SFC sur le trading electronique a Hong Kong.Fri, 22 Feb 2013 14:37:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0297-electronic-tradingSimmons & Simmons associate Stephanie Feld talks to colleague Maureen Gleeson about electronic trading and high frequency trading in Hong Kong.Thu, 21 Feb 2013 15:30:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/20-cnmv-simplifies-information-required-to-structural-changes-of-investment-firmsSummary of CNMV Circular 1/2013 of 30 January 2013 regarding the communication of information related to investment firms, their controlling companies and management companies.Wed, 20 Feb 2013 16:01:00 GMThttp://www.elexica.com/en/resources/training-landing/20130218-eu-ftt-takes-shapeRecording of a conference call, held on 18 February 2013, examining the European Commission's proposal for a Directive on the introduction of a Financial Transaction Tax (FTT) under the enhanced co-operation procedure and its potential implications for the banking and funds sectors.Tue, 19 Feb 2013 15:36:00 GMThttp://www.elexica.com/en/resources/training-landing/20130129-summing-up-the-legal-framework-for-hft-regulationMaterials (available in English and in German) from a presentation as part of the BAI Insight conference in January 2013 in cooperation with Eurex, which focused on High Frequency and Algorithmic Trading. Mon, 18 Feb 2013 10:48:00 GMThttp://www.elexica.com/en/legal-topics/tax/15-financial-transaction-tax-faqs-commission-enhanced-cooperation-procedure-proposalThe key features and likely practical implications of the Financial Transaction Tax proposed by the European Commission in its draft Directive released on 14 February 2013. The proposed FTT will apply only to the (currently) 11 Member States which have chosen to participate in it, but has a number of extra territorial aspects which will result in FTT being imposed on numerous market participants located outside of participating Member States (or even outside the EU).Fri, 15 Feb 2013 15:23:00 GMThttp://www.elexica.com/it-IT/resources/newsletter-listing/italy-newsletter/edizione-09-italy-newsletter-gennaio-2013La Newsletter italiana Simmons & Simmons offre un aggiornamento sulle principali novità legislative e regolamentari.Fri, 15 Feb 2013 13:20:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/15-update-on-new-dutch-inducement-regulationsThe Netherlands Authority for the Financial Markets (AFM) has announced that the largest Dutch fund distributors have agreed with the AFM that as from 01 January 2014 no distribution fees will be received from fund sponsors. In addition, a legal ban is also expected as per 01 January 2014.Fri, 15 Feb 2013 12:57:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-61-financial-services-alerter-january-2013Issue 61 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 12 Feb 2013 12:34:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/08-emir-an-overviewSummary of main points for market participants to note arising from the European Market Infrastructure Regulation.Fri, 08 Feb 2013 20:41:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/08-cnmv-strengthens-the-supervision-of-investment-firmsThe Spanish Securities Market Commission has launched a major new initiative to improve the supervision of entities that provide investment services.Fri, 08 Feb 2013 15:20:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/07-the-future-of-uk-financial-services-regulation-implications-for-listed-companiesThe UK government is in the process of restructuring the UK financial services regulatory regime. On 18 December 2012, the Financial Services Authority published a consultation paper (CP 12/37) which sets out the FSA’s proposed amendments to the Listing Rules and other parts of the FSA Handbook.Thu, 07 Feb 2013 15:54:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/07-the-future-of-uk-financial-services-regulationOn 18 December 2012, the Financial Services Authority published a consultation paper (CP 12/37) which sets out the FSA’s proposed amendments to the Listing Rules and other parts of the FSA Handbook. Thu, 07 Feb 2013 15:28:00 GMThttp://www.elexica.com/en/legal-topics/tax/07-hungarian-financial-transaction-taxAn overview of the Hungarian Financial Transaction Tax which came into force on 01 January 2013.Thu, 07 Feb 2013 14:36:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/05-the-top-10-things-every-us-hedge-fund-manager-should-know-about-aifmdThis note looks at the top ten things a US hedge fund manager needs to know about AIFMD from 22 July 2013.Tue, 05 Feb 2013 15:49:00 GMThttp://www.elexica.com/es-ES/resources/newsletter-listing/derecho-corporativo-y-de-negocios-en-espana/04-spanish-newsletter-enero-2013Os remitimos una nueva edición del Newsletter legal elaborado por la Oficina de Madrid de Simmons & Simmons.Mon, 04 Feb 2013 15:00:00 GMThttp://www.elexica.com/es-ES/legal-topics/capital-markets/04-cnmv-refuerza-la-proteccion-del-inversor-minorista-en-el-ambito-de-los-pagaresCNMV publicó una nueva guía para la verificación de programas de pagarés.Mon, 04 Feb 2013 13:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/31-the-time-is-now-aifmd-in-the-netherlandsThe AIFMD provides far reaching changes in the supervision of managers of all funds and their managers other than undertakings for collective investment in transferable securities (UCITS).Thu, 31 Jan 2013 13:37:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/30-hong-kong-regulatory-enforcement-update-201301A round up on regulatory enforcement developments for the last quarter of 2012. Q4 saw a number of interesting developments, particularly relating to market misconduct, and these set the scene for an active 2013. Thu, 31 Jan 2013 03:30:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/30-cnmv-further-fosters-retail-investor-protection-in-promissory-note-marketOn 22 January 2013, the CNMV published new guidelines for the verification of promissory note programmes.Wed, 30 Jan 2013 10:58:00 GMThttp://www.elexica.com/en/legal-topics/tax/22-eu-council-gives-blessing-to-financial-transaction-taxThe EU Council has approved use of the enhanced cooperation procedure for the introduction of a common EU Financial Transaction Tax. The EU Commission will now proceed to present a detailed tax proposal. This is expected in the next few weeks, though the precise timeframe for this is currently unclear.Tue, 22 Jan 2013 15:02:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0285-offshore-capital-raising-in-rmb-the-latest-developmentsSimmons & Simmons partner Paul Browne talks to colleague Jay Lee about the latest developments in offshore Chinese yuan (CNH) bonds.Tue, 22 Jan 2013 14:31:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/21-ubersicht-zum-fortgang-des-gesetzgebungsverfahrens-zum-hochfrequenzhandelSummary of consultation of the German finance committee on the draft act to reduce the risks arising from high frequency trading and recommendation for preparatory steps.Mon, 21 Jan 2013 15:51:00 GMThttp://www.elexica.com/de-DE/legal-topics/investment-bank-regulatory/21-ubersicht-zum-fortgang-des-gesetzgebungsverfahrens-zum-hochfrequenzhandelZusammenfassung der Anhörung des Finanzausschusses des Bundestags zum Entwurf eines Gesetzes zur Vermeidung von Gefahren und Missbräuchen im Hochfrequenzhandel.Mon, 21 Jan 2013 11:25:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds-hk-china/legal-headwinds-hk-china-2013-q1The Q1 2013 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in HK/China for the period from 01 January to 31 March 2013. Mon, 21 Jan 2013 03:19:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/17-interest-rate-swaps-litigationA review of the decision of the Manchester Mercantile Court in Green and Rowley v RBS.Thu, 17 Jan 2013 16:38:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/15-legal-headwinds-hk-china-introKey legal and regulatory developments relevant to financial institutions operating in Hong Kong and China. Wed, 16 Jan 2013 12:23:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0281-new-disclosure-requirements-for-listed-companiesSimmons & Simmons partner Paul Li speaks to colleague Ian Wood about the latest disclosure requirements for listed companies in Hong Kong.Tue, 15 Jan 2013 10:30:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/14-update-on-dutch-ban-on-investments-in-cluster-munitionsA temporary and indicative list of 'banned' cluster munitions manufacturers has been published for the purposes of the Dutch ban that commenced on 01 January 2013. Mon, 14 Jan 2013 15:52:00 GMThttp://www.elexica.com/en/resources/training-landing/20121108-are-you-up-to-speed-with-recent-eu-regulatory-developmentsEuropean regulators are in the process of re-writing the regulatory architecture across the European Union through MiFID 2, EMIR and AIFMD. The proposals are likely to have a very significant impact upon the way in which financial institutions located in Hong Kong will be able to undertake business in Europe. Mon, 14 Jan 2013 07:09:00 GMThttp://www.elexica.com/nl-NL/resources/training-landing/20130109-level-ii-aifm-verordening-vanuit-nederlands-perspectiefTijdens deze sessie zet Simmons & Simmons de implicaties uiteen van de nieuwe Level II AIFM Verordening die op 19 december 2012 is gepubliceerd.Fri, 11 Jan 2013 09:31:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds/legal-headwinds-2013-q1The Q1 2013 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in the UK for the period from 01 January to 31 March 2013. Thu, 10 Jan 2013 12:30:00 GMThttp://www.elexica.com/en/resources/training-landing/20130109-aifm-directive-an-initial-view-on-the-level-2-regulationMaterials from a conference call in London on 09 January 2013, focusing on issues of the Level 2 Regulation.Thu, 10 Jan 2013 11:26:00 GMThttp://www.elexica.com/en/legal-topics/tax/09-eu-financial-transaction-taxAn updated version of our comprehensive note on proposals for a multilateral EU Financial Transaction Tax (FTT), incorporating major developments up to 31 December 2012 and looking ahead to 2013/14.Wed, 09 Jan 2013 15:47:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-60-financial-services-alerter-december-2012Issue 60 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 08 Jan 2013 10:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/07-dutch-corporate-governance-actOn 28 December 2012 it was confirmed that the Corporate Governance Act will enter into force as per 01 July 2013.Mon, 07 Jan 2013 14:38:00 GMThttp://www.elexica.com/en/legal-topics/tax/09-italy-proposes-its-own-financial-transaction-taxLaw No. 228 of 24 December 2012 introduces an Italian financial transaction tax. There are three distinct FTT charges under the Stability Law: a tax on transfers of shares and equity like instruments; a fixed levy on equity derivatives; and a tax on high frequency trading. Fri, 04 Jan 2013 12:01:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/21-new-dutch-inducement-regulations-from-01-january-2013Overview of various Dutch restrictions on commission payments which came into effect on 01 January 2013, as part of efforts by the Dutch Government to move towards the introduction of direct payment by clients for all types of MiFID and non MiFID services. Fri, 21 Dec 2012 12:13:00 GMThttp://www.elexica.com/en/legal-topics/tax/21-changes-to-the-german-investment-tax-act-may-have-major-impact-on-non-german-fund-structuresDraft legislation dated 04 December 2012 contains significant changes to the scope of the German Investment Tax Act which in particular deal with the implementation of the AIFM Directive into German tax law.Fri, 21 Dec 2012 11:49:00 GMThttp://www.elexica.com/en/legal-topics/banking/20-libor-all-change-or-business-as-usual-update-december-2012Update on recent developments relating to the reform of LIBOR flowing from the Wheatley report Thu, 20 Dec 2012 15:43:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/20-commission-adopts-technical-standards-for-emirThere have been two important recent developments on both sides of the Atlantic that will be of interest to clients involved with implementation of OTC regulation: the first relates to an announcement by the CFTC on 18 December 2012 and the second relates to an announcement by the EU Commission on 19 December 2012.Wed, 19 Dec 2012 16:59:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/19-aifmd-level-2-text-adopted-by-eu-commissionThe EU Commission has adopted a Level 2 Regulation under the AIFMD and ESMA is consulting on further Level 2 provisions under Article 4(4) of the AIFMD.Wed, 19 Dec 2012 14:52:00 GMThttp://www.elexica.com/en/resources/training-landing/20121213-distribution-of-funds-under-new-draft-german-investment-actRecordings and slides from a seminar, held in London on 13 December 2012, providing an overview of the new distribution rules under the draft German Investment Act.Wed, 19 Dec 2012 14:19:00 GMThttp://www.elexica.com/en/legal-topics/equity-capital-markets/18-hong-kongs-sfc-subjects-sponsors-of-ipos-to-greater-regulationHong Kong SFC proposal conclusions on the regulation of sponsors in connection with IPOs on the Hong Kong Stock Exchange.Tue, 18 Dec 2012 07:28:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-85-oversight-december-2012-sfc-consultation-on-enhacing-regulation-for-non-corporateThis Oversight looks at the SFC's latest proposals which include extending the market misconduct and disclosure of price sensitive information regimes to non-corporated listed entities, and the potential implications on these entities, in particular ETFs. Thu, 13 Dec 2012 03:03:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/12-dutch-ban-on-investments-in-cluster-munitionsSummary of a new ban which came into force in the Netherlands on 01 January 2013 containing a restriction on investments in cluster munitions manufacturers.Wed, 12 Dec 2012 11:53:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-84-oversight-december-2012-hong-kong-sfc-reports-on-selling-practices-of-licensed-corporationsThe Securities and Futures Commission (SFC) issued its Report on the Thematic Inspection of Selling Practices of Licenced Corporations (Report) on 24 October 2012.Tue, 11 Dec 2012 12:25:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-59-financial-services-alerter-november-2012Issue 59 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 10 Dec 2012 12:33:00 GMThttp://www.elexica.com/en/resources/training-landing/2012-aifmd-breakfast-series/06-issues-for-eu-fundsMaterials from a seminar held, in London on 06 December 2012, focusing on issues for EU funds.Fri, 07 Dec 2012 16:33:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-83-oversight-november-2012-hong-kong-sfcs-consultation-on-the-regulationThe Hong Kong SFC's latest consultation paper addresses current concerns raised by electronic trading.Fri, 07 Dec 2012 02:32:00 GMThttp://www.elexica.com/en/resources/training-landing/2012-aifmd-breakfast-series/28-disclosure-and-reportingMaterials from a seminar held, in London on 28 November 2012, focusing on disclosure and reporting.Thu, 06 Dec 2012 14:54:00 GMThttp://www.elexica.com/en/legal-topics/banking/04-mnc-subsidiary-in-china-granted-first-intercompany-loan-in-rmbThe PBOC gives special approval for the first RMB denominated loan by a multinational company in China’s subsidiary to be remitted directly to the company’s overseas parent company through an intercompany loan.Wed, 05 Dec 2012 13:16:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20121106-Middle-East-training-dayMaterials and recordings from a training morning held in Dubai on 06 November 2012.Tue, 04 Dec 2012 15:52:00 GMThttp://www.elexica.com/nl-NL/resources/training-landing/20121129-autumn-legal-update-nl/basel-iiiDeze presentatie biedt een overzicht van de gevolgen van de Basel III/CRD IV kapitaaleisen, en een analyse van de impact van Europese regelgeving op hybride kapitaal en belastingen.Fri, 30 Nov 2012 10:31:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20121129-Autumn-Legal-Update-NLTijdens het seminar spreken onze advocaten en fiscalisten over diverse actuele onderwerpen voor de financiële sector.Fri, 30 Nov 2012 10:31:00 GMThttp://www.elexica.com/en/resources/training-landing/20121030-asia-fi-cpd-day/3-market-misconduct-and-ipo-liability-who-is-to-blameMark Steward, the head of enforcement at the SFC, has gone on the record to say that potential issuers won't "get away with misconduct". In this session, our specialists review the SFC's recent focus on market misconduct in IPOs and predictions for the future direction of enforcement against sponsors and other market participants.Fri, 30 Nov 2012 09:17:00 GMThttp://www.elexica.com/en/resources/training-landing/20121030-asia-fi-cpd-day/1-rmb-the-new-global-optionAs Chinese financial markets continue to reform, preparing to meet the future is key, both for financial institutions and for those in need of additional sources of RMB funding whether for arbitrage, trade, debt financing or capital investments. In this session, our specialist panel discuss current and future opportunities for the RMB as it joins the world’s major currencies.Fri, 30 Nov 2012 09:16:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/26-new-proposed-measures-regarding-investment-services-clients-protection-in-spainSummary of the draft text of a Spanish Circular about new obligations related to assessment of appropriateness and suitability to investment services clients.Mon, 26 Nov 2012 10:04:00 GMThttp://www.elexica.com/en/resources/training-landing/20121123-ict-and-employment-issues-for-hedge-fundsVideo recording of a seminar, held in London on 20 November 2012, looking at the ongoing technology and legal and regulatory requirements that hedge funds must consider.Fri, 23 Nov 2012 15:50:00 GMThttp://www.elexica.com/en/resources/training-landing/2012-aifmd-breakfast-series/23-operating-conditions-for-aifmsMaterials from a seminar held, in London on 21 November 2012, focusing on those firms who are likely to require authorisation as AIFMs in the UK from July 2013.Fri, 23 Nov 2012 14:18:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/FTTWed, 21 Nov 2012 11:43:00 GMThttp://www.elexica.com/en/legal-topics/tax/21-update-on-eu-fttAt a meeting of EU Finance Ministers on 13 November 2012, any hopes that the EU Commission may have harboured of pushing through its beloved EU Financial Transaction Tax (FTT) by December 2012 were well and truly quashed. Wed, 21 Nov 2012 11:16:00 GMThttp://www.elexica.com/en/resources/training-landing/2012-aifmd-breakfast-series/06-third-country-issues-and-service-provider-requirementsMaterials from our session, held in London on 06 November 2012, on AIFMD implementation.Tue, 20 Nov 2012 14:04:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0264-conflicts-management-for-asset-managersSimmons & Simmons partner Darren Fox talks to colleague Matt Evans about the FSA’s November 2012 report on conflicts of interest in the asset management sector.Tue, 20 Nov 2012 10:52:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/09-fsa-report-on-conflicts-of-interest-in-asset-management-sectorMore detailed overview of FSA report on conflicts of interest in the asset management sector containing suggested action points for asset managers.Tue, 20 Nov 2012 10:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/13-additional-gross-short-position-disclosure-in-the-netherlandsOn 13 November 2012 the Dutch Government approved a new act which will introduce a disclosure obligation in relation to gross short positions in certain issuers.Tue, 13 Nov 2012 14:52:00 GMThttp://www.elexica.com/nl-NL/legal-topics/asset-management/12-de-eurocrisis-10-handvatenHieronder gaan tien suggesties voor contractuele bepalingen om de juridische risico's in verband met het uittreden van een probleemland uit de Eurozone zo veel mogelijk te mitigeren.Mon, 12 Nov 2012 15:02:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/06-clarification-of-fund-names-and-fund-objectives-proposed-changes-to-collSummary of the proposals contained in FSA Quarterly Consultation No. 34 on changes to the names and objectives of UK funds. Thu, 08 Nov 2012 16:12:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20121031-Complex-contracts-seminarVideo recordings and slides from our seminar on complex contracts, held in London on 31 October 2012. Wed, 07 Nov 2012 10:28:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-58-financial-services-alerter-october-2012Issue 58 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Fri, 02 Nov 2012 15:02:00 GMThttp://www.elexica.com/en/legal-topics/tax/31-the-portuguese-financial-transaction-taxThe Portuguese Government has announced a proposed Financial Transaction Tax to come into effect in 2013/14.Wed, 31 Oct 2012 16:49:00 GMThttp://www.elexica.com/en/resources/training-landing/2012-aifmd-breakfast-series/23-identifying-the-aifmMaterials from our session, held in London on 23 October 2012, on identifying the AIFM.Wed, 31 Oct 2012 14:49:00 GMThttp://www.elexica.com/en/resources/training-landing/20121029-eu-short-selling-regulation-the-challenges-aheadThis seminar, held at Bloomberg in London on 29 October 2012, discusses the impacts and effects on the market place upon implementation of the EU Short Selling Regulation.Tue, 30 Oct 2012 12:17:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/30-mifid-2-comparison-between-positions-of-eu-parliament-eu-council-and-eu-commissionComparison tables to accompany our "Top 10 Things You Need To Know About MiFID 2" articles, which set out the respective positions of the EU Parliament, Council of Ministers and the Commission. Tue, 30 Oct 2012 11:44:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20121030-Asia-FI-CPD-DayVideo recordings and accompanying slides from our Asia Financial Institutions and Asset Management Sector CPD Training Day, held on 31 October 2012.Tue, 30 Oct 2012 03:30:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/14-foreseeability-and-remoteness-of-lossThe Court of Appeal held that an investor's losses were recoverable because market changes were a foreseeable type of risk when recommending a financial product, even if the extent of the turmoil in the markets was unforeseeable. Rubenstein v HSBC - Court of Appeal [2012] EWCA Civ 1184.Mon, 29 Oct 2012 12:26:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/mifid-ii-discussionThis panel session discusses the industry reaction and possible impact of a number of the proposals being put forward by the European Parliament and Council as the MiFID 2 texts move towards the crucial negotiation stage.Thu, 25 Oct 2012 11:05:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/packaged-retail-investment-products-pripsThe PRIPS proposals requiring a Key Investor Document (KID) to be produced for certain packaged investment products sold to retail investors have now been published.Thu, 25 Oct 2012 08:57:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/review-of-the-september-2011-changes-to-the-takeover-codeA new edition of the Takeover Code was issued in September 2011. This session reviews the practical impact of those changes.Wed, 24 Oct 2012 16:10:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/key-people-issues-in-the-asset-management-sectorA review of issues impacting Asset Managers including: Remuneration (in light of AIRMD) Team Moves.Wed, 24 Oct 2012 16:07:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/fsa-enforcement-current-priorities-and-the-future-from-the-fcaThe FCA will take over the FSA's enforcement remit in 2013. This session looks at the current enforcement focus of the FSA on financial institutions and approved persons and examine the possible changes as the new regulators take over. Wed, 24 Oct 2012 16:06:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/equity-capital-markets-updateRecent issues and trends in equity capital markets, including the latest changes to the Prospectus Rules and Listing Rules.Wed, 24 Oct 2012 16:05:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/the-internationalisation-of-the-rmbAs China's plans to internationalise its currency take centre stage we share our experiences in Europe and Asia on the latest RMB capital raising opportunities, the development of RMB denominated financial products and the fast paced regulatory change.Wed, 24 Oct 2012 14:53:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/basel-iii-the-practical-implications-across-europeThis session provides a general overview of Basel III/CRD IV capital requirements and the consequent principal practical implications, as well as an analysis of the Europe wide regulatory impact on hybrid capital and tax.Wed, 24 Oct 2012 14:53:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/data-protection-update-on-the-revisions-to-the-eu-data-protection-directiveThis session reviews some of the key changes contained in the European Commission's proposal for a new Data Protection framework intended to replace the existing EU Data Protection Directive.Wed, 24 Oct 2012 14:52:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/ring-fence-or-secret-gardenAn update on proposals for the structural reform of the UK banking sector and their practical implications for banks and customers.Wed, 24 Oct 2012 14:51:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/fund-distribution-in-spain-italy-and-france-issues-impacting-cross-border-marketingThis session focuses on the key issues to be considered by fund sponsors when marketing in Spain, Italy and France.Wed, 24 Oct 2012 14:48:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/financial-crime-updateWe examine key developments of the last 12 months, focusing on changes at the SFO, international anti corruption enforcement, mutual legal assistance and the FSA's anti financial crime initiatives. We also take a look at anticipated developments in the next year, in particular the likely advent of deferred prosecution agreements.Wed, 24 Oct 2012 14:45:00 GMThttp://www.elexica.com/en/legal-topics/tax/24-eu-commission-paves-way-for-common-eu-fttYesterday, the EU Commission presented a proposal to the EU Council to authorise use of the enhanced cooperation procedure (ECP) for the introduction of a common EU Financial Transaction Tax (FTT) in certain Member States.Wed, 24 Oct 2012 14:31:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/eurozone-crisisThis session discusses the legal implications for structured securities, derivatives and ABS.Wed, 24 Oct 2012 14:27:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/otc-derivatives-and-client-clearing-the-practical-and-documentary-implicationsThis session explores some of the practical implications of EMIR and client clearing.Wed, 24 Oct 2012 10:24:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/market-abuse-latest-cases-and-trendsThe FSA has upped the ante in terms of its market abuse enforcement. This session reviews the most significant recent cases brought by the FSA, and the key trends, in both the civil and criminal arenas.Wed, 24 Oct 2012 10:20:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/uk-structured-products-regulationA practical session providing the key outcomes of the RDR review for both product providers and distributors. Wed, 24 Oct 2012 10:12:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/19-changes-to-german-short-selling-rules-regarding-shares-post-01-november-2012This article looks at the changes which will take place when the EU Short Selling Regulation replaces the existing German rules on short selling on 01 November 2012.Fri, 19 Oct 2012 13:50:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2012/short-sellingAre you ready for 01 November 2012? Final implementation issues on the European short selling regulation.Thu, 18 Oct 2012 14:26:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/18-information-manipulation-in-the-netherlandsOur article embarks on a critical analysis of two verdicts, maintaining the decisions of the Authority for the Financial Markets (Autoriteit Financiële Markten or "AFM").Thu, 18 Oct 2012 08:32:00 GMThttp://www.elexica.com/en/legal-topics/banking/17-libor-all-change-or-business-as-usualSummary of the main proposed reforms flowing from the Wheatley report and their potential impact.Wed, 17 Oct 2012 14:43:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-82-oversight-october-2012-hkex-issues-dual-counter-faqs-for-rqfii-etfsThe Dual Counter provides RQFII ETF's managers with the option to have the relevant ETFs' units traded in both RMB and HKD, increasing investor choice and liquidity.Wed, 17 Oct 2012 07:19:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/21-the-top-10-things-every-investment-banker-should-know-about-mifid-2Summary of the implications for investment banks of MiFID 2.Mon, 15 Oct 2012 14:40:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/15-the-top-10-things-every-commodities-trader-should-know-about-mifid-2Summary of the implications for commodities firms of MiFID 2.Mon, 15 Oct 2012 14:40:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/01-hong-kong-regulatory-enforcement-update-201210Aside from reviewing the recent trends of the SFC’s enforcement activities, this update also looks at the Hong Kong courts' recent decisions in relation to insider dealing and the news of the head of SFC enforcement renewing his service contract. Mon, 15 Oct 2012 06:35:00 GMThttp://www.elexica.com/it-IT/resources/newsletter-listing/italy-newsletter/edizione-08-italy-newsletter-agosto-settembre-2012La Newsletter italiana Simmons & Simmons offre un aggiornamento sulle principali novità legislative e regolamentari.Thu, 11 Oct 2012 15:58:00 GMThttp://www.elexica.com/en/legal-topics/tax/11-eu-financial-transaction-tax-given-new-lifelineThe original FTT was defeated at EU level, but now a smaller group of EU Member States has requested that the EU Commission progress a less ambitious FTT under the enhanced co-operation procedure, which would only be applicable to States wishing to participate.Thu, 11 Oct 2012 14:22:00 GMThttp://www.elexica.com/en/legal-topics/tax/11-quorum-reached-for-ftt-enhanced-cooperation-procedure11 EU Member States have expressed a willingness to proceed with the enhanced co-operation procedure (ECP) for introducing a multilateral financial transaction tax (FTT) across participating Member States.Thu, 11 Oct 2012 08:43:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-57-financial-services-alerter-september-2012Issue 57 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 10 Oct 2012 11:31:00 GMThttp://www.elexica.com/en/resources/training-landing/20121003-us-and-european-regulatory-update/fatca-the-view-from-hereThis presentation covers FATCA issues such as changes for fund constitutional and offering documents and Approach of administrators and other service providers.Mon, 08 Oct 2012 16:15:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds/legal-headwinds-2012-q4The Q4 2012 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in the UK for the period from 01 October to 31 December 2012. Fri, 05 Oct 2012 12:36:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/03-full-brakes-on-the-german-hft-autobahnOn 26 September 2012 the Federal Government of Germany published its official draft law to reduce the risks arising from high frequency trading (HFT) (Entwurf eines Gesetzes zur Vermeidung von Gefahren und Missbräuchen im Hochfrequenzhandel, “HFT-Act”).Thu, 04 Oct 2012 14:09:00 GMThttp://www.elexica.com/en/legal-topics/restructuring-and-insolvency/04-the-eurozone-crisis-legislative-and-contractual-implicationsThis article examines the potential legislative approaches that may be taken if one or more countries withdraw from the European Monetary Union, or if the Euro was replaced as the national currency of participating Eurozone countries with individual national currencies and/or new currencies. Thu, 04 Oct 2012 09:32:00 GMThttp://www.elexica.com/de-DE/legal-topics/asset-management/28-mifid-2-synopse-deSynopse der aktuellen MiFID Vorschläge des Europäischen Rates und des Eurpäischen Parlaments sowie des Wertpapierhandelsgesetzes.Fri, 28 Sep 2012 15:57:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/28-mifid-2-synopsisDocument comparing text of MiFID with proposed EU Council and EU Parliament MiFID 2 text and relevant provisions of German Securities Trading Act.Fri, 28 Sep 2012 15:54:00 GMThttp://www.elexica.com/en/resources/training-landing/20120918-bloomberg-sands-regulatory-challenges/navigating-the-regulatory-mazeThis session was presented during our seminar "Regulation: Avoiding the pitfalls" on 18 September 2012.Wed, 26 Sep 2012 10:19:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20120918-Bloomberg-SandS-Regulatory-ChallengesMaterials from the Regulatory Challenges conference held in London on 18 September 2012 in association with Bloomberg Tradebook. Wed, 26 Sep 2012 10:17:00 GMThttp://www.elexica.com/en/legal-topics/tax/25-implementing-fatca-in-the-ukHMRC is consulting on the detailed implementation of the UK/US FATCA Agreement, which will enable UK financial institutions to comply with the US FATCA rules by disclosing information to HMRC.Tue, 25 Sep 2012 12:14:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0254-new-uae-investment-funds-regulationSimmons & Simmons partner, Muneer Khan, talks to colleague Tariq Hameed about the new UAE investment funds regulations and the key implications of these regulations.Mon, 24 Sep 2012 12:46:00 GMThttp://www.elexica.com/en/resources/training-landing/20120913-new-investment-fund-regulation-in-the-uaeRecording of a conference call discussing the practical implications of the new SCA regulations on investment funds. Thu, 20 Sep 2012 09:42:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/14-clarification-on-cash-settled-equity-derivativesFurther clarifications of our earlier advice on cash settled equity derivatives (CSEDs).Fri, 14 Sep 2012 11:45:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/12-new-uae-investment-funds-regulations-practical-guidance-fund-managersPoints to note following a meeting between Simmons & Simmons and the UAE Securities and Commodities Authority regarding implementation of the new UAE Investment Funds Regulations.Wed, 12 Sep 2012 11:28:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/11-fsa-proposes-to-ban-promotion-of-unregulated-cis-to-retails-clientsOverview of proposals in FSA Consultation Paper 12/19 to ban the promotion of unregulated CIS and “closely substitutable” products to retail clients in the UK.Tue, 11 Sep 2012 11:47:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-56-financial-services-alerter-august-2012Issue 56 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 06 Sep 2012 15:15:00 GMThttp://www.elexica.com/en/resources/training-landing/20120904-fsa-proposals-to-ban-unregulated-cisConference call held on 04 September 2012 discussing the FSA's proposals in Consultation Paper 12/19 on the promotion of unregulated CIS and close substitutes to retail clients and their potential impact.Thu, 06 Sep 2012 14:45:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/04-mifid-2-council-of-the-eu-publishes-latest-compromise-textOverview of latest EU Council compromise texts on the recast version of MiFID and the new regulation MiFIR (collectively known as MiFID 2) agreed on 31 August 2012, and dates to note going forward.Wed, 05 Sep 2012 16:05:00 GMThttp://www.elexica.com/en/legal-topics/tax/03-french-financial-transaction-taxAn overview of the new French Financial Transaction TaxMon, 03 Sep 2012 16:17:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/29-post-july-2012-version-of-eu-prospectus-regulationUnofficial consolidated version of the EU Prospectus Regulation indicating the current requirements and the changes which the draft Regulation of 04 June 2012 will make.Wed, 29 Aug 2012 13:42:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0249-rqfii-etfs-in-hong-kongSimmons & Simmons partner Rolfe Hayden talks to colleague Beatrice Jiang about RQFII ETFs in Hong Kong.Thu, 23 Aug 2012 09:46:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0248-short-position-reporting-rules-in-hong-kongSimmons & Simmons partner Rolfe Hayden talks to colleague Maureen Gleeson about the new short position reporting rules in Hong Kong.Fri, 17 Aug 2012 11:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-79-oversight-august-2012-esma-guidelines-on-etfs-and-hong-kongIn this edition of Oversight, we compare ESMA’s approach to regulating UCITS funds to the evolving approach of the SFC to ETF regulation.Fri, 17 Aug 2012 03:15:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/15-new-investment-fund-regulation-in-the-united-arab-emiratesOverview of new UAE regulations covering the establishment, operation and promotion of domestic investment funds and the promotion of foreign investment funds in the UAE.Wed, 15 Aug 2012 15:41:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0246-new-spanish-regulation-on-investment-fundsSimmons & Simmons managing associate Juan Sosa Pons Sorolla talks to María Tomillo about the recent publication of a new regulation on investment funds in Spain.Wed, 08 Aug 2012 09:48:00 GMThttp://www.elexica.com/it-IT/resources/newsletter-listing/italy-newsletter/edizione-07-italy-newsletter-giugno-luglio-2012La Newsletter italiana Simmons & Simmons offre un aggiornamento sulle principali novità legislative e regolamentari. In questo numero, inter alia, un’analisi delle principali novità contenute nel decreto legge cosiddetto sviluppo e nei decreti legge in materia di spending review. Tue, 07 Aug 2012 14:27:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/03-hkma-and-sfc-release-joint-consultation-conclusions-regulation-otc-derivatives-hkOn 17 October 2011, the Hong Kong Monetary Authority and the Securities and Futures Commission jointly published a consultation paper on a proposed regulatory regime for the over the counter (OTC) derivatives market in Hong Kong. On 11 July 2012, the HKMA and the SFC jointly published a conclusions paper in response to this consultation.Tue, 07 Aug 2012 04:09:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-55-financial-services-alerter-july-2012Issue 55 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 06 Aug 2012 14:28:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0245-an-update-on-otc-derivatives-regulation-in-hong-kongSimmons & Simmons partner Joel Bentsur talks to fellow colleague Paul Browne about regulatory developments in the OTC derivatives market in Asia.Thu, 02 Aug 2012 10:52:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/01-proposed-regulation-of-algorithmic-trading-in-germanyOn 29 July 2012, the German Ministry of Finance released a first draft of proposed legislation to reduce risks arising from high frequency and algorithmic trading.Wed, 01 Aug 2012 12:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0244-compensation-orders-for-market-misconductSimmons & Simmons partner Paul Li talks to fellow colleague Abdulali Jiwaji about compensation orders for market misconduct in Hong Kong.Tue, 31 Jul 2012 11:17:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/27-getting-the-deal-through-anti-money-laundering-2012A review of the money laundering and anti money laundering (AML) laws and regulations in the UK Fri, 27 Jul 2012 09:28:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/19-hong-kong-regulatory-enforcement-updateAside from reviewing the recent trends of the SFC’s enforcement activities, this update also looks at a Market Misconduct Tribunal decision in respect of insider dealing, an acquittal by the Court of Appeal in respect of false trading and some proposed legislative changes in respect of an enhanced regulatory regime for sponsors and a new procedure for commencing class actions in Hong Kong.Mon, 23 Jul 2012 10:52:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/20-ucits-iv-transposition-in-spainSummary of the Spanish Royal Decree 1082/2012 which entered into force on 21 July 2012 that completes transposition of UCITS IV in Spain.Mon, 23 Jul 2012 09:52:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/23-hong-kong-court-dismisses-accumulator-claim-against-private-bankHong Kong's Court of First Instance has dismissed a mis-selling claim brought by an investor against a private bank, in a decision which upholds the key contractual provisions governing the bank / customer relationship.Mon, 23 Jul 2012 07:24:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/19-fsa-publishes-primary-market-bulletin-no-2The FSA published its Primary Market Bulletin (Issue No. 2) on 13 July 2012. This includes a consultation on updates to the UKLA Technical and Procedural Notes.Thu, 19 Jul 2012 14:21:00 GMThttp://www.elexica.com/en/resources/training-landing/20120712-rdr-roadshowMaterials from this session provide an overview of distribution charging models in the UK, the Netherlands and Germany for financial instruments and how this is likely to be impacted by the current MiFID II process. Thu, 19 Jul 2012 09:53:00 GMThttp://www.elexica.com/en/resources/training-landing/2012-hedge-fund-breakfast-forums/20120717-pay-wars-esma-strikes-backMaterials from a breakfast briefing held in London on 17 July 2012 focusing on the key elements of ESMA’s consultation paper which was published in June 2012, setting out its draft guidelines on Remuneration under the AIFMD.Wed, 18 Jul 2012 14:51:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/18-sanctions-for-the-directors-of-failed-banksA summary of, and our comments on, the Government’s proposals to introduce a “rebuttable presumption” that the director of a failed bank is not suitable to be approved by the regulator to hold a position as a senior executive in a bank and to introduce criminal sanctions for serious misconduct in the management of a bank.Wed, 18 Jul 2012 10:14:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-78-oversight-july-2012-aifmd-affecting-asia-alternative-funds-into-the-eu-and-ukIn this edtion, we consider AIFMD in the context of marketing Alternative Investment Funds such as Cayman Islands mutual fund corporations, to professional investors into the EU, and in particular the UK, after 22 July 2013.Tue, 17 Jul 2012 02:56:00 GMThttp://www.elexica.com/en/resources/training-landing/20120711-short-selling-final-level-2-measuresRecording of a conference call providing an overview of the final Level 2 provisions under the EU Short Selling Regulation, and any significant differences from the draft provisions published earlier this year.Fri, 13 Jul 2012 14:31:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/04-eu-short-selling-regulation-an-overviewThe EU Short Selling Regulation was published in the Official Journal on 24 March 2012 and came into force the day after. It introduces a pan European disclosure regime for net short positions in EEA listed shares and sovereign debt, as well as a ban on naked physical short sales of EEA listed shares and sovereign debt, and a ban on credit default swap positions in EEA sovereign debt which, broadly speaking, do not serve to hedge exposure to the underlying debt (so called naked CDS positions). The Regulation came into force on 25 March 2012, and its provisions will apply from 01 November 2012.Fri, 13 Jul 2012 14:31:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0241-short-selling-eu-commission-formally-adopts-level-2-measuresSimmons & Simmons partners Darren Fox and Sarah Bowles give an update following the adoption of the Level 2 measures on Short Selling by the EU Commission.Fri, 13 Jul 2012 14:30:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/09-ucits-v-an-assessmentOn 03 July 2012 the EU Commission published its UCITS V legislative proposal relating to UCITS depositaries and the remuneration of UCITS managers. Mon, 09 Jul 2012 14:34:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds/legal-headwinds-2012-q3The Q3 2012 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in the UK for the period from 01 July to 30 September 2012. Mon, 09 Jul 2012 13:54:00 GMThttp://www.elexica.com/en/resources/training-landing/20120704-latest-on-pripsConference call on 04 July 2012 providing an overview of the EU Commission’s Packaged Retail Investment Products legislative proposal, published on 03 July 2012.Mon, 09 Jul 2012 10:44:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-54-financial-services-alerter-june-2012Issue 54 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 09 Jul 2012 09:45:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/06-french-long-disclosure-rules-further-clarityThe French regulator (the Autorité des marches financiers, (AMF)) has recently published a consultation on the new rules relating to the disclosure of holdings in cash settled equity derivatives (CSEDs). Mon, 09 Jul 2012 06:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/03-handling-regulatory-interviews-in-hong-kong-practical-tipsThis article sets out some general guidance on how to handle increasingly aggressive regulatory interviews in Hong Kong.Tue, 03 Jul 2012 03:38:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/28-steps-afoot-to-increase-competition-in-the-banking-sectorThe UK Government’s July 2012 white paper on banking reform sets out proposals underway to enhance competition in the banking sector.Thu, 28 Jun 2012 14:18:00 GMThttp://www.elexica.com/en/legal-topics/tax/28-financial-transaction-tax-defeated-at-eu-levelThe Financial Transaction Tax has been defeated at EU level. A smaller group of EU Member States are seeking a less ambitious FTT applicable only to States wishing to participate.Thu, 28 Jun 2012 10:43:00 GMThttp://www.elexica.com/en/legal-topics/equity-capital-markets/27-clarification-of-disclosure-rules-for-gdr-issuancesESMA has published updated guidance on the application of the Prospectus Directive to issuances of global depositary receipts in its frequently asked questions.Wed, 27 Jun 2012 13:30:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/20-fsa-extends-moratorium-on-providing-kiids-prior-to-distance-contractOverview of FSA modification by consent of COBS 14.2 concerning provision of KIIDs where contract concluded at a distance.Wed, 20 Jun 2012 14:05:00 GMThttp://www.elexica.com/it-IT/resources/newsletter-listing/italy-newsletter/edizione-06-italy-newsletter-giugno-2012Questo numero della Newsletter italiana Simmons & Simmons contiene un aggiornamento dettagliato sulle principali novità legislative e regolamentari. Tra le altre cose, si segnalano le recenti modifiche ai Regolamenti Emittenti e Mercati della Consob, nonché le novità in materia di cola legge di conversione del decreto legge in materia di commissioni bancarie.Mon, 18 Jun 2012 16:27:00 GMThttp://www.elexica.com/en/legal-topics/banking/18-internationalisation-of-the-renminbi-the-market-viewSimmons & Simmons, in association with FinanceAsia, have conducted a survey to find out the market’s view on the internationalisation of the RMBMon, 18 Jun 2012 02:37:00 GMThttp://www.elexica.com/en/legal-topics/banking/13-renminbi-from-the-peoples-money-to-a-world-currencyWhat challenges and opportunities exist today and going forward for the future of China's renminbi (literally, the People’s money) as an international currency? Mon, 18 Jun 2012 02:35:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/14-new-private-banking-regulation-in-hong-kong-a-case-of-the-emperors-new-clothesThe Hong Kong Monetary Authority issues its vision for Hong Kong as a private banking hub. Is the private banking industry best served by two masters?Mon, 18 Jun 2012 01:59:00 GMThttp://www.elexica.com/en/resources/training-landing/20120514-handling-cross-border-regulatory-investigationsFinancial institutions are scrutinised by regulators on both a local and a global basis. This video seminar examines strategies on how to navigate these issues.Thu, 14 Jun 2012 02:48:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/11-fsa-brings-first-successful-cross-border-insider-dealing-caseThe FSA has recently underlined its "willingness, and ability, to tackle serious, organised insider dealing" following three convictions in its first successful cross border insider dealing prosecution.Mon, 11 Jun 2012 09:04:00 GMThttp://www.elexica.com/en/legal-topics/equity-capital-markets/08-fsa-consultation-on-further-changes-to-the-listing-rulesA summary of changes to the Listing Rules proposed by the FSA in its recent quarterly consultation paper (CP12/11).Fri, 08 Jun 2012 11:48:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-53-financial-services-alerter-may-2012Issue 53 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 06 Jun 2012 10:40:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120524-short-selling-the-new-eu-regime-takes-shapeThis session provides an update on the EU Short Selling Regulation in the light of the latest draft Level 2 provisions published by ESMA.Fri, 01 Jun 2012 14:38:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120531-emir-a-new-european-landscape-for-otc-derivativesThis session provides an update on the European Market Infrastructure Regulation and its likely impact on both cleared and uncleared trades.Fri, 01 Jun 2012 13:33:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/31-bankers-bonuses-attrill-v-dresdner-kleinwort-ltdA summary of the High Court’s decision that certain of the bank’s employees were contractually entitled to a discretionary share of the €400m minimum bonus pool.Thu, 31 May 2012 13:30:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/RDRThu, 31 May 2012 13:01:00 GMThttp://www.elexica.com/en/resources/training-landing/20120524-tmt-sector-legal-update-2012/contracting-with-fis-now-and-in-the-futureThis session covers the MiFID outsourcing requirements, focussing on translating these requirements into contractual drafting, and we also consider a number of recent regulatory developments and upcoming requirements, which financial institutions will be looking to deal with in their existing supply contracts, as well as in new deals going forward.Thu, 31 May 2012 11:32:00 GMThttp://www.elexica.com/en/legal-topics/equity-capital-markets/30-fsa-and-hmt-publish-policy-statement-on-uk-implementation-of-amended-prospectus-regimeOn 25 May 2012, the FSA and HM Treasury published a joint statement setting out their policy decisions in relation to the implementation of changes made to the Prospectus Directive by Amending Directive 2010/73/EU. Implementation will involve amendments to the FSMA 2000 and to the FSA’s Prospectus, Listing and Disclosure and Transparency Rules.Wed, 30 May 2012 15:51:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/18-suspicious-minds-shah-v-hsbc-decidedBank that delayed transfers not liable for client losses, because money laundering reporting officer held a suspicion that the funds represented the proceeds of crime.Fri, 18 May 2012 08:49:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0229-short-selling-latest-on-level-2Simmons & Simmons partners Sarah Bowles and Darren Fox give an update on the EU Short Selling Regulation following the publication of ESMA’s draft Level 2 provisions.Wed, 16 May 2012 14:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/16-chinas-ndrc-clarifies-stance-on-nonfinancial-institutions-issuing-offshore-rmb-bondsIn a move that provides Chinese domestic non-financial institutions with increased clarity, China's National Development and Reform Commission(NDRC) clarifies its stance on non-financial institutions issuing offshore RMB bonds.Wed, 16 May 2012 08:49:00 GMThttp://www.elexica.com/zh-CN/legal-topics/investment-bank-regulatory/16-chinas-ndrc-clarifies-stance-on-nonfinancial-institutions-issuing-offshore-rmb-bonds-chs国家发展和改革委员会(发改委)对非金融机构发行离岸人民币债券表明立场，以为境内非金融机构提供更为明确的指引。Wed, 16 May 2012 08:36:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/15-the-pottage-case-implications-for-senior-managementThe Upper Tribunal ruled against the FSA in its recent case against John Pottage, however the case is a reminder of the FSA's determination to take cases against senior managers of authorised firms for alleged business failings in their areas of responsibility.Tue, 15 May 2012 14:40:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120510-anti-money-laundering-recent-uk-and-european-developmentsAudio recording from a training session held on 10 May 2012. This session provides an overview of the latest key developments in relation to anti money laundering requirements.Mon, 14 May 2012 10:04:00 GMThttp://www.elexica.com/it-IT/resources/newsletter-listing/italy-newsletter/edizione-05-italy-newsletter-aprile-2012In questo numero, inter alia, un’analisi delle principali novità contenute nei decreti legge cosiddetti "semplificazioni" e "semplificazioni fiscali", come convertiti in legge.Fri, 11 May 2012 13:56:00 GMThttp://www.elexica.com/de-DE/legal-topics/banking/08-wenn-der-insolvenzverwalter-den-darlehensnehmerAm 1. März 2012 sind wichtige Änderungen im Insolvenzrecht in Kraft getreten. Diese betreffen insbesondere den Prozess der Insolvenzverwalterauswahl.Wed, 09 May 2012 14:59:00 GMThttp://www.elexica.com/de-DE/legal-topics/banking/08-die-ubertragung-von-npl-notwendigkeit-einer-bankerlaubnisDer Erwerber von NPL bedarf grundsätzlich keiner Bankerlaubnis, sofern er sich nicht zur Vornahme von Auszahlungen verpflichtet oder die Darlehensbedingungen umgestaltet.Wed, 09 May 2012 14:57:00 GMThttp://www.elexica.com/en/legal-topics/banking/08-transferring-npls-is-a-banking-licence-neededAnyone purchasing NPLs normally does not have to have a banking licence unless they undertake to make payments on the loans or modify their terms and conditions. Wed, 09 May 2012 14:53:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/08-corporate-governance-in-systemically-important-financial-institutionsThe Treasury Select Committee has published the terms of reference for a new inquiry into corporate governance and remuneration in systemically important financial institutions.Wed, 09 May 2012 09:46:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-52-financial-services-alerter-april-2012Issue 52 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Fri, 04 May 2012 10:29:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-77-oversight-may-2012-sfcs-guidance-and-spr-service-pilot-testAn explanation of the Securities and Futures (Short Position Reporting) Rules in light of the SFC’s FAQs, Notes to Reportable Short Position Form and User Guide.Wed, 02 May 2012 14:45:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/26-cass-resolution-packThe FSA has issued new rules to expedite the return of client assets following a firm’s insolvency, by requiring them to maintain and be able to retrieve a CASS Resolution Pack containing specified documents and records to assist insolvency practitioners.Thu, 26 Apr 2012 10:48:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120426-prospectus-directive-revisitedThis conference call will analyse the practical impact of the changes on issuers of debt, derivative and asset-backed securities when updating their base prospectus and listing future issuances of securities.Wed, 25 Apr 2012 14:36:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/24-dutch-aifmd-implementation-bill-submitted-to-parliamentThe Dutch AIFMD implementation bill has been submitted to Parliament. As a result, the outlines of the Dutch implementation of the AIFMD regime are becoming clear. Apart from AIFMD aspects that will be implemented due to the maximum harmonisation requirement, the bill includes various aspects that are particularly relevant from a Dutch perspective.Wed, 25 Apr 2012 09:16:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-commercial/20-lehmans-client-money-supreme-court-judgmentAn update on the recent UK Supreme Court client money ruling in connection with the administration of Lehman Brothers International (Europe) (LBIE).Mon, 23 Apr 2012 10:35:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120419-mifid-ii-unlockedThis training session helps you to decode MiFID 2 with an A-Z of what can be expected.Wed, 18 Apr 2012 17:36:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/13-mifid-2-proposed-eu-parliament-amendments-published-in-draft-ferber-reportAn overview of the most significant changes proposed in two draft reports representing the European Parliament's initial response to the European Commission's original draft MiFID 2 proposals.Fri, 13 Apr 2012 09:43:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120412-the-retail-distribution-reviewThis practical session, for product providers and distributors of retail investment products, will alert you to issues you need to consider in implementing the Retail Distribution Review.Wed, 11 Apr 2012 15:05:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/10-esma-guidelines-on-systems-controls-for-automated-tradingHigh level overview of what the ESMA Guidelines on systems and controls in an automated trading environment mean for UK authorised investment firms who use electronic trading systems or algorithms.Tue, 10 Apr 2012 13:22:00 GMThttp://www.elexica.com/it-IT/resources/newsletter-listing/italy-newsletter/edizione-04-italy-newsletter-marzo-2012In questo numero, inter alia, un’analisi delle principali novità contenute nel decreto legge liberalizzazioni come convertito in legge.Thu, 05 Apr 2012 14:17:00 GMThttp://www.elexica.com/en/legal-topics/crime-fraud-and-investigations/05-fsa-publishes-review-of-banks-anti-bribery-systems-and-controlsThe FSA has criticised investment banks for their approach to anti bribery and corruption measures and launched a consultation on proposed changes to its regulatory guide.Thu, 05 Apr 2012 13:11:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-51-financial-services-alerter-march-2012Issue 51 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 05 Apr 2012 12:53:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/04-clarity-on-section-2a-iii-of-the-isda-master-agreementSummary points from the English Court of Appeal judgment clarifying issues raised in relation to section 2(a)(iii) of the ISDA Master Agreement.Wed, 04 Apr 2012 16:04:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120405-eurozone-shocks-dont-panicThis briefing provides a quick run through of the practical steps to take in respect of contracts and business operations in the event of an exit from, or restructuring of, the Euro.Wed, 04 Apr 2012 14:28:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds/legal-headwinds-2012-q2The Q2 2012 edition of Legal Headwinds focuses on key legal and regulatory developments relevant to financial institutions operating in the UK for the period from 01 April to 30 June 2012. Wed, 04 Apr 2012 09:09:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/01-hong-kong-regulatory-enforcement-update-201204In this Enforcement Update, we will look at the SFC's recent enforcement activity, the Court of Appeal judgments for Tiger Asia and CITIC Pacific and the SFC's willingness to pursue criminal prosecutions.Sun, 01 Apr 2012 10:52:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20120329-Simmons-and-Simmons-InsightsOur series of weekly regulatory conference call briefings provide practical steps for financial institutions to take in relation to current regulatory issues.Wed, 28 Mar 2012 15:05:00 GMThttp://www.elexica.com/en/resources/training-landing/20120329-simmons-and-simmons-insights/20120329-getting-to-grips-with-the-fsa-guidance-on-retail-product-development-and-governanceMaterials available from a briefing which examines the practical implications of the recently issued Financial Services Authority's guidance in respect of structured products.Wed, 28 Mar 2012 14:10:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/28-cash-settled-equity-derivatives-france-changes-its-position-on-disclosureWith effect from 01 October 2012, France will change its substantial holding disclosure rules relating to the disclosure of holdings in cash settled equity derivatives (“CSED”s).Wed, 28 Mar 2012 12:38:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/21-prospectus-directive-review-esma-publishes-second-instalment-of-its-adviceAn overview of the conclusions of ESMA’s second instalment of its advice to the Commission as part of the Prospectus Directive. Wed, 21 Mar 2012 13:50:00 GMThttp://www.elexica.com/en/resources/training-landing/20120307-an-update-on-short-selling-in-hong-kongWith regulation evolving at pace in this area, this seminar looks at the implications of the latest short selling regulatory changes affecting the investment funds industry.Tue, 20 Mar 2012 06:58:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/15-new-german-short-position-disclosure-regime-launches-on-26-march-2012BaFin has published the final version of its Regulation on Net Short Positions and detailed guidance concerning the registration procedure for its reporting platform Thu, 15 Mar 2012 15:30:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0219-fsa-proposes-significant-uk-rule-changesSimmons & Simmons partner Chris Horton talks to fellow partner Colin Bole about the UK Financial Services Authority’s proposed changes to the Listing, Prospectus, Disclosure and Transparency Rules.Tue, 13 Mar 2012 15:46:00 GMThttp://www.elexica.com/en/legal-topics/equity-capital-markets/13-fsa-consultation-on-proposed-changes-to-the-listing-rules-and-dtrsA summary of changes to the Listing, Disclosure and Transparency Rules proposed by the FSA in its recent quarterly consultation paper (CP12/5).Tue, 13 Mar 2012 15:44:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/13-regulation-specifying-the-rules-of-conduct-and-organisational-rules-under-german-investment-actGerman text and English translation of the German Investment Conduct and Organisation Regulation (Investment-Verhaltens- und Organisationsverordnung – InvVerOV)*).Tue, 13 Mar 2012 13:42:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/13-circular-on-minimum-requirements-for-risk-management-in-asset-management-companiesGerman text and English translation of the Minimum Requirements for Risk Management in Asset Management Companies (Mindestanforderungen an das Risikomanagement für Investmentgesellschaften – InvMaRisk).Tue, 13 Mar 2012 12:11:00 GMThttp://www.elexica.com/en/legal-topics/equity-capital-markets/12-fsa-proposes-changes-to-the-listing-rules-prospectus-rules-and-dtrsA summary of changes to the Listing Rules, Prospectus Rules, Disclosure Rules and Transparency Rules proposed by the UK Financial Services Authority in its recent consultation paper (CP12/02) and our comments on those proposals.Mon, 12 Mar 2012 10:28:00 GMThttp://www.elexica.com/it-IT/resources/newsletter-listing/italy-newsletter/edizione-03-italy-newsletter-febbraio-2012In questa edizione, inter alia, il nuovo istituto di composizione delle crisi da sovraindebitamento, le principali novità contenute nel decreto legge in materia di semplificazioni fiscali e le nuove misure per il credito alle piccole e medie imprese. Tue, 06 Mar 2012 14:45:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-50-financial-services-alerter-february-2012Issue 50 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 06 Mar 2012 11:53:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-76-oversight-march-final-sfc-short-position-reporting-rulesThe SFC recently released their final conclusions on the short position reporting regime which will introduce a weekly reporting regime for holders of reportable short positions in Hong Kong. Tue, 06 Mar 2012 03:26:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/02-new-fsa-transaction-reporting-guidance-effective-immediatelyVersion 3 of FSA Transaction Reporting User Pack has been published, replacing version 2 with immediate effect.Fri, 02 Mar 2012 11:39:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/29-supreme-court-lehman-judgment-summary-articleA summary of today's key judgment by the Supreme Court of the United Kingdom on the Financial Service Authority's client money rules and the administration of Lehman Brothers International (Europe).Wed, 29 Feb 2012 11:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/supreme-court-lehman-judgment-important-uk-client-money-rulingA detailed analysis of the key judgment of the Supreme Court of the United Kingdom on the Financial Service Authority's client money rules and the administration of Lehman Brothers International (Europe). Wed, 29 Feb 2012 09:53:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-75-oversight-february-2012-sfcs-new-aml-guidelinesComing into effect on 1 April 2012, the SFC's consultation conclusions on the new AML Guidelines highlight a number of key changes for SFC licensed corporations which have been made to the Guideline from the Existing Guidance Note. Thu, 23 Feb 2012 06:37:00 GMThttp://www.elexica.com/de-DE/legal-topics/asset-management/14-die-ausweitung-der-deutschen-mitteilungspflichten-von-netto-leerverkaufspositionenÜberblick über die neuen Mitteilungs- und Veröffentlichungspflichten für Inhaber von Netto-Leerverkaufspositionen gemäß § 30i WpHG, die am 26. März 2012 in Kraft treten werden.Tue, 14 Feb 2012 14:41:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/14-extension-of-german-disclosure-obligations-for-net-short-positionsOverview of the new notification and disclosure obligations for holders of net short positions, coming into force on 26 March 2012.Tue, 14 Feb 2012 14:26:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/10-emir-completion-of-the-trilogue-negotiations-and-agreement-of-final-textThe implementation of the European Market Infrastructure Regulation (EMIR) has taken another important step towards becoming law with the completion of the trilogue negotiations between the European Council of Ministers, the European Parliament and the European Commission on 09 February 2012.Fri, 10 Feb 2012 15:06:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-49-financial-services-alerter-january-2012Issue 49 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 08 Feb 2012 12:02:00 GMThttp://www.elexica.com/en/resources/training-landing/20120126-germany-regulatory-hot-topics-shareholder-disclosure-short-sellingThe session focused on German developments, during which Frankfurt partners Jochen Kindermann and Harald Glander provided an overview of a number of recent and forthcoming regulatory changes, as well as an indication of their relevance to you and your business. Wed, 01 Feb 2012 11:54:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0210-renminbi-qualified-foreign-institutional-investorSimmons & Simmons partner Rolfe Hayden talks to colleague Malisa Ng about the recently introduced Renminbi Qualified Foreign Institutional Investor scheme in Hong Kong. Thu, 26 Jan 2012 11:24:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/legal-headwinds/legal-headwinds-2012-q1The Legal Headwinds report focuses on key legal and regulatory developments relevant to financial institutions operating in the UK. The report looks at future developments, rather than being a retrospective analysis. We outline what is relevant this quarter and then beyond. The report is currently UK focused, although we do cover significant developments within the EU.Mon, 23 Jan 2012 08:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/21-fsa-market-abuse-casesThis article sets out the key market abuse decisions by the FSA under the market abuse regime pre and post 01 July 2005.Fri, 20 Jan 2012 19:30:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-48-financial-services-alerter-december-2011Issue 48 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 09 Jan 2012 17:33:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/06-further-detail-on-new-dutch-share-disclosure-rulesFour rules for calculation of holdings in cash settled instruments, baskets and indices have been introduced in the Netherlands as from 1 January 2012. Fri, 06 Jan 2012 07:21:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0208-eu-short-selling-regulationSimmons & Simmons partners Sarah Bowles and Darren Fox discuss the EU Short Selling Regulation which will create a pan European regime regarding the short selling of EEA listed shares and sovereign debt with effect from 01 November 2012.Tue, 03 Jan 2012 11:13:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/Prudential-RegulationThe global financial crisis highlighted the inadequacy of the scheme of prudential regulation for banks and investment firms worldwide based on the Basel II Capital Accord. This microsite provides access to the materials on this topic being produced internationally.Thu, 29 Dec 2011 14:19:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/Commodity-DerivativesOur Commodity Derivatives Tracker microsite provides users with an overview of recent and upcoming regulatory developments in the shifting landscape surrounding commodity and energy derivatives, and the dialogue and consultation surrounding it.Wed, 28 Dec 2011 16:11:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/Remuneration-RegulationThere is a general consensus that inappropriate remuneration policies incentivise employees to take excessive risks and that such policies contributed to the global financial crisis. This microsite provides access to the materials on this topic being produced internationally.Wed, 28 Dec 2011 15:11:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/Regulatory-ArchitectureThe global financial crisis has given rise to calls for fundamental structural change to the EU and UK financial services regulatory architecture and fuelled the argument in favour of greater regulatory convergence and harmonisation. This microsite provides access to the materials on this topic being produced at both EU and UK level.Fri, 23 Dec 2011 15:37:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/Retail-structured-productsThe global financial crisis has placed regulators under increased pressure to look into ways to regulate sales of structured products to retail investors. This microsite provides access to the materials on this topic being produced internationally.Fri, 23 Dec 2011 10:57:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/23-enhanced-dutch-consumer-protection-rules-for-financial-productsFrom 01 January 2012 the Dutch regime applicable to the offering of certain financial products will change. The changes impose further requirements on product providers in respect of the documentation used for the marketing of financial products on the Dutch market, such as the inclusion of certain mandatory, prescribed warnings.Fri, 23 Dec 2011 08:00:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/Short-SellingThere has been increased focus on short selling in the aftermath of the global financial crisis, particularly in relation to sovereign debt and financial sector stocks. This microsite provides access to the materials on this topic being produced internationally. Thu, 22 Dec 2011 16:26:00 GMThttp://www.elexica.com/en/legal-topics/banking/independent-commission-on-bankingWe consider the Response and its implications across a range of different legal practice areas.Wed, 21 Dec 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/20-new-dutch-disclosure-obligation-for-certain-cash-settled-instrumentsOn 1 January 2012 new legislation is expected to come into force extending the obligation to disclose major shareholdings so as to cover holdings of certain cash settled instruments.Tue, 20 Dec 2011 08:00:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/MiFIDThis microsite is designed to give you access not only to MiFID and the secondary legislation made under it, but also to the materials which implement MiFID in the UK and the materials currently being produced on MiFID 2.Fri, 16 Dec 2011 12:40:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0207-enforceability-of-flip-clausesSimmons & Simmons partner Paul Browne talks to colleagues Rossina Petrova and Jonathan Quie about enforceability of flip clauses, which have been commonly used in structured finance transactions, in light of recent decisions in England and the US.Fri, 16 Dec 2011 00:00:00 GMThttp://www.elexica.com/es-ES/Resources/Microsite/Treating-customers-fairlyThis microsite provides access to various materials regarding the FSA's "Treating Customers Fairly" initiative.Wed, 14 Dec 2011 17:52:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/14-are-you-prepared-significant-changes-to-german-share-disclosure-obligationsOn 01 February 2012 the rules concerning the disclosure of voting rights in German listed companies will change significantly and will, amongst other things, introduce new disclosure obligations for CfDs and stock lending.Wed, 14 Dec 2011 08:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/issue-72-oversight-december-2011-approval-of-etfs-as-permissible-mpf-investmentsOur funds regulatory specialists outline the current requirements for approval as a permissible MPF investment and analyse the MPFA's approach to the approval of ETFs as a permissible MPF investments.Fri, 09 Dec 2011 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/issue-47-financial-services-alerter-november-2011Issue 47 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 07 Dec 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/01-hong-kong-regulatory-enforcement-update-201112In this series of Enforcement Updates, we aim to highlight various recent developments on the regulatory enforcement front and explore what lies ahead in the remaining part of the year.Thu, 01 Dec 2011 11:52:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/4-looking-through-transparency-2-proposed-changes-to-the-eu-s-transparency-directiveSummary of the implications of the EU Commission`s legislative proposal for amendments to the Transparency Directive published in October 2011.Fri, 04 Nov 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/equity-capital-markets/28-even-more-mad-impact-on-company-announcements-pdmrs-and-insider-listsThis briefing focuses on the changes proposed to the issuer announcement regime, transactions by persons discharging managerial responsibilities, insider lists and whistleblowing for UK companies.Thu, 27 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/26-oversight-october-2011-proposed-hong-kong-short-position-reporting-rulesThe Hong Kong SFC`s Conclusions and Further Consultation of 18 October 2011 on the proposed Securities and Futures (Short Position Reporting) Rules inviting comment by 04 November 2011 on the requirement to report on a net basis.Tue, 25 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0195-mad-2Simmons & Simmons partner Sarah Bowles talks to colleague Darren Fox about the implications of the EU Commission's legislative proposal for amendments to the Market Abuse Directive published on 20 October 2011.Mon, 24 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/21-beyond-mad-the-proposed-market-abuse-regulation-and-directive-on-criminal-sanctionsSummary of the implications of the EU Commission`s legislative proposal for amendments to the Market Abuse Directive published on 20 October 2011.Thu, 20 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/19-eu-short-selling-regulation-parliament-and-commission-reach-agreement-on-final-textOn 18 October 2011 the European Parliament and the European Council reached an agreement on the final text of the proposed EU Short Selling Regulation, including agreement on a ban on naked sovereign credit default swap (CDS) positions.Tue, 18 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20111012-asia-fi-sector-cpd-day-2011/how-global-and-local-regulatory-developments-are-affecting-structured-products-in-asiaThis session examines key developments the structured products world has witnessed in the past year, including central clearing trends and how global regulatory changes are affecting in particular, the development of derivatives products in Asia.Wed, 12 Oct 2011 07:00:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20111012-Asia-FI-Sector-CPD-Day-2011Audio recordings and accompanying slides from our fifth Asia financial institutions sector CPD day, held at our Hong Kong office on Wednesday 12 October 2011.Wed, 12 Oct 2011 07:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/11-aifmd-timelineA timeline of the significant steps towards implementation of the Alternative Investment Fund Managers (AIFM) Directive.Mon, 10 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/7-financial-services-alerter-october-2011Issue 46 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 06 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/the-ucits-iv-experience-three-months-onApart from a lot of noise about the KIIDs, what have we learned and what can we expect in the months ahead?Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/european-developments-on-short-sellingSarah Bowles and Darren Fox review the current European landscape on short selling including development of the EU short selling regulation.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/key-regulatory-themes-when-trading-in-the-electronic-ageAnthony Mortimer and Jonathan Melrose look at how regulators are dealing with micro structural issues in the European equity markets relating to automated trading.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/recovery-and-resolution-plans-and-the-practical-impact-for-banksJames Bresslaw considers some of the practical implications that the Financial Services Authority's new proposals will have on banks and their businesses.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/regulatory-developments-and-litigation-risk-associated-with-private-wealthRichard Bunce and Charlotte Stalin examine regulatory developments and guidance from the courts in connection with the sale of structured products, suitability and intermediated sales.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/the-new-tougher-approach-to-regulatory-enforcement-in-key-eu-jurisdictionsThis session covers recent developments in financial regulatory enforcement in France, Germany, Italy and the UK, including recent cases, market abuse and current and future hot topics for regulatory enforcement.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/the-remuneration-code-one-year-onA recap on the requirements of the FSA's Remuneration Code including recent developments resulting from FSA guidance consultations plus an overview of the requirements for completing remuneration policy statements and remuneration related Pillar 3 disclosures.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/the-uk-regulatory-shake-upThis session examines the future implications for buy side and sell side institutions of the replacement of the Financial Services Authority by the Financial Conduct Authority and the Prudential Regulation Authority.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/uk-financial-institutions-autumn-legal-update-2011/update-on-the-aifmdThis session examines the implications of the July and August 2011 ESMA Consultation Papers on Level 2 Implementing Measures for the AIFMD.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/UK-Financial-Institutions-Autumn-Legal-Update-2011Video recordings and accompanying slides from our seventh FI Sector Autumn Legal Update, held on Thursday 06 October 2011.Wed, 05 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/5-financial-services-alerter-september-2011Issue 45 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 04 Oct 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/tax/30-eu-financial-transaction-tax-faqsThe key features and likely practical implications of the EU Financial Transaction Tax proposed by the European Commission in the draft Directive released on 28 September 2011.Thu, 29 Sep 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/28-oversight-september-2011-investor-characterisation-derivative-products-and-fundsNew investor characterisation requirements under the Code of Conduct for Persons Licensed by or Registered with the SFC applicable to derivative products finally came into effect on 04 September 2011. This article considers the application of these requirements, in particular paragraph 5.1A and how it relates to funds.Tue, 27 Sep 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/28-the-icb-supports-a-greater-role-for-competition-in-the-uk-financial-sectorThe final report of the Independent Commission on Banking confirms its interim view that competition should play a central role in the reform of the UK financial sector.Tue, 27 Sep 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/banking/independent-commission-on-banking-the-final-reportThe Independent Commission on Banking has produced its final report on the UK banking industry.Sun, 11 Sep 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/2-financial-services-alerter-august-2011Issue 44 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 01 Sep 2011 23:00:00 GMThttp://www.elexica.com/de-DE/legal-topics/investment-bank-regulatory/17-leerverkaufsverboteAktuelle Übersicht zu einzelnen Leerverkaufsverboten in Europa.Tue, 16 Aug 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/3-financial-services-alerter-july-2011Issue 43 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 02 Aug 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20110728-disclosure-of-interests-and-proposed-short-position-reporting-regime-in-hong-kongThe disclosure of interests regime in Hong Kong is probably the most complex in the world and of particular relevance to company directors, fund managers and financial institutions. In this seminar our funds and corporate specialists in our Hong Kong office charter a course through the interests which must be disclosed and by whom as well as the exemptions available. Finally, this session guides you through the key changes in the proposed new short position reporting regime in Hong Kong.Wed, 27 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/2011-financial-markets-briefing-series-2011/eu-regulatory-trendsThis session includes an overview of the current regulatory landscape and, in particular, how some Member States are pushing the boundaries on changes relating to derivatives and structured products.Tue, 12 Jul 2011 07:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/7-financial-services-alerter-june-2011Issue 42 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 06 Jul 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/1-competition-aspects-of-the-new-uk-financial-services-regulatory-regime-the-role-of-the-fcaThe UK Government proposals see a strengthened competition role for the new body charged with ensuring that business in financial services and financial markets is conducted in a way that advances the interests of all users and participants.Thu, 30 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/1-the-uk-independent-commission-on-banking-s-provisional-conclusions-on-improving-competitionThe ICB's recently issued its interim views on reforms to increase competition in the banking sector.Thu, 30 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20110630-shareholder-disclosure-in-germanySlides available from a seminar held on 30 June 2011 discussing the existing and the new rules and highlighting some of the problems that we have come across in practice.Thu, 30 Jun 2011 07:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/27-oversight-june-2011-sfc-s-guidance-on-the-regulation-of-intermediariesHong Kong`s SFC recently issued two papers explaining the regulatory framework for, and approach to, supervising intermediaries.Sun, 26 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/21-product-intervention-fsa-feedback-paper-june-2011A short Q&A document which highlights the key points raised in the FSA Feedback paper to aid market participants in understanding the impact of the paper.Mon, 20 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/17-the-prudential-regulation-authority-s-approach-to-banking-supervisionOverview of the joint FSA and Bank of England paper, entitled `The Bank of England, Prudential Regulation Authority - Our approach to banking supervision`, published on 19 May 2011.Thu, 16 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/13-oversight-june-2011-proposed-hong-kong-short-position-reporting-rulesThe new short position reporting regime now to be implemented by the SFC aims to promote greater transparency in local short selling activities, hopefully at a minimal additional compliance cost on market participants.Sun, 12 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/9-financial-services-alerter-may-2011Issue 41 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 08 Jun 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/1-oversight-june-2011-consultation-on-amendments-to-the-financial-resources-rulesThe SFC has proposed changes to the FRR regime to facilitate market development and reduce compliance costs for licensed corporations. This Oversight provides an overview of the key proposed changes and their impact.Tue, 31 May 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/23-landmark-decision-on-otc-derivatives-german-federal-court-redefines-standards-for-disclosure-in-relation-to-derivativesOn 22 March 2011, the German Federal Court of Justice (Bundesgerichtshof - BGH) delivered a judgment in which it further extended the scope of information that a bank is required to disclose to its customers when advising on the purchase of complex and rSun, 22 May 2011 23:00:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/2011-Financial-Markets-Briefing-Series-2011Video recordings and related presentation materials from a series of briefings held at our London office in May, June and July 2011. This series of seminars examines recent developments in Financial Markets in the UK and abroad and explores the key legal issues and focuses on the challenges and opportunities ahead.Wed, 11 May 2011 14:35:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/9-financial-services-alerter-april-2011Issue 40 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Sun, 08 May 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-new-draft-act-in-germany-will-have-significant-impact-on-issuers-and-distributors-of-capital-investments-verm-gensanlagenSummary of the main points to note for issuers and distributors of capital investments (Vermögensanlagen) arising from the draft act amending the law for investment intermediaries and capital investments (Regierungsentwurf für ein Gesetz zur Novellierung des Finanzanlagenvermittler- und Vermögensanlagenrechts), published on 06 April 2011.Wed, 04 May 2011 23:00:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/5-fsa-remuneration-code-further-guidanceOverview of finalised guidance on FCA/PRA Remuneration Code.Wed, 04 May 2011 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0162-fsa-consultation-on-guidance-on-the-remuneration-codeSimmons & Simmons partner Philip Bartlett talks to colleague Darren Fox about the FSA's current consultation on guidance on its Remuneration Code. Philip and Darren highlight the most significant aspects of the guidance and its potential impact in practice. Tue, 26 Apr 2011 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/7-financial-services-alerter-march-2011Issue 39 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 06 Apr 2011 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20110331-fund-distribution-in-germanyVideo recording and slides from a briefing held on 31 March 2011, giving an overview of the current state of play with new legislation and the implications they will have for the distribution of funds in Germany.Thu, 31 Mar 2011 07:00:00 GMThttp://www.elexica.com/de-DE/legal-topics/investment-bank-regulatory/22-eine-grundsatzentscheidung-betreffend-den-vertrieb-von-finanzinstrumenten-in-deutschlandNach Jahren prozessualer Auseinandersetzungen und gegensätzlichen Gerichtsentscheidungen der Instanzgerichte, hat der BGH am 22. März 2011 eine Entscheidung verkündet, die Grundsatzcharakter hat (Az. XI ZR 33/10).Tue, 22 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/3-financial-services-alerter-february-2011Issue 38 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 03 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/1-hm-treasury-consults-further-on-new-uk-financial-services-regulatory-architectureHigh level overview of points arising from HM Treasury`s second, more detailed consultation on reform of the UK financial services regulatory architecture, published on 17 February 2011Tue, 01 Mar 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/28-a-new-competition-remit-for-the-uk-financial-regulatorThe UK Government is consulting on a new approach to financial regulation which proposes the introduction of competition powers for the Financial Conduct Authority.Mon, 28 Feb 2011 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/4-financial-services-alerter-january-2011Issue 37 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Fri, 04 Feb 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-latest-developments-on-german-kiid-pib-rules-for-ucitsGerman legislator appears not to require a KIID or Product Information Sheet (PIB) for foreign UCITS (if and to the extent the relevant home state regulator allows the continued use of the simplified prospectus).Wed, 02 Feb 2011 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/12-financial-services-alerter-december-2010Issue 36 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 12 Jan 2011 00:00:00 GMThttp://www.elexica.com/en/legal-topics/commercial/31-investing-in-china-2010Welcome to Simmons & Simmons' guide to Investing in China. This guide outlines a variety of legal considerations relating to foreign investment and M&A in the People's Republic of China.Fri, 31 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/23-sound-compensation-policies-in-the-netherlandsIn the Netherlands new rules and regulations regarding sound compensation policies will come into force on 01 January 2011. These rules are relevant for financial undertakings in the Netherlands. The rules and regulations comprise the Decree regarding Sound Compensation Policies and the Regulations regarding Sound Compensation Policies. The Regulations will implement CRD III in the Netherlands.Thu, 23 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/22-fsa-regulated-firms-amendments-to-approved-persons-regimeArticle providing an overview of forthcoming changes to the FSA`s approved persons regime together with action points.Wed, 22 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/21-fsa-remuneration-codeOverview of the main provisions of the FCA/PRA Remuneration Code, which was amended significantly with effect from 01 January 2011 as part of the process of implementing CRD 3 in the UK.Tue, 21 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0139-the-fsa-s-final-remuneration-codeSimmons & Simmons partner Philip Bartlett talks to fellow partner Darren Fox about the final version of the FSA's Remuneration Code and, in particular, the practical issues arising from changes made to the draft Code. Tue, 21 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/20-mifid-2-proposals-on-pre-and-post-trade-transparency-and-transaction-reportingSeries of charts summarising the proposals in the EU Commission's MiFID 2 legislative proposal on extending the scope of the MiFID pre and post trade transparency and transaction reporting requirements.Mon, 20 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/17-marketing-complex-financial-instruments-to-the-public-amf-and-acp-step-up-their-vigilanceThe Autorité des Marchés Financiers and the Autorité de Contrôle Prudentiel have published documents which apply to the marketing in France of complex financial instruments to retail investors.Fri, 17 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/10-policing-the-rules-enforcement-in-the-new-regulatory-structureOn 17 November 2010 the Treasury announced that (for the moment) the FSA`s powers of prosecution will lie with the new CPMA rather than the new ECA.Fri, 10 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/financial-markets-conference-calls/conference-call-12-mifid-2On 08 December 2010 the EU Commission published a wide ranging consultation paper on possible amendments to the Markets in Financial Instruments Directive (MiFID) as part of its ongoing review of the operation of the Directive (referred to as MiFID 2). The call provided an overview of the main proposals.Wed, 08 Dec 2010 08:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/6-financial-services-alerter-november-2010Issue 35 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 06 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-november-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for November 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 06 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-november-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for November 2010. It covers relevant publications and announcements by HM Treasury and other UK Government bodies, as well as related items such as significant responses to consultations, etc.Fri, 03 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-november-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for November 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Fri, 03 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/2-french-short-selling-rules-effective-from-01-february-2011Summary of net short position disclosure regime in France with effect from 01 February 2011.Thu, 02 Dec 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/15-fsa-s-revised-remuneration-code-video-presentationVideo presentation in which Andrea Finn and Philip Bartlett discuss the current status of the FSA`s revised Remuneration Code, the key issues arising for organisations in relation to the Code, and the practical tools made available by Simmons & Simmons toMon, 15 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0126-cebs-guidelines-on-remunerationSimmons & Simmons partner Philip Bartlett talks to fellow partner Darren Fox about the draft CEBS guidelines on remuneration and their implications, in particular for the FSA's consultation on revising its Remuneration Code. Fri, 12 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/7-financial-services-alerter-october-2010Issue 34 of this regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Sun, 07 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-october-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for October 2010. It covers relevant publications and announcements by HM Treasury and other UK Government bodies, as well as related items such as significant responses to consultations, etc.Fri, 05 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-october-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for October 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Fri, 05 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-october-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for October 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Fri, 05 Nov 2010 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/29-oversight-november-2010-consultation-conclusions-on-a-scripless-securities-market-in-hong-kongOn 21 September, the Securities and Futures Commission, the Federation of Share Registrars Limited and The Stock Exchange of Hong Kong Limited jointly published a set of consultation conclusions to introduce a a scripless securities market regime in Hong Kong.Thu, 28 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/27-oversight-october-2010-consultation-paper-on-the-evidential-requirements-under-the-securities-and-futures-professional-investor-rulesThis is an overview of the recent consultation paper which aims to refine the evidential requirements for ascertaining whether a person meets the relevant assets or portfolio threshold in order to qualify as a professional investor under the Professional Investor Rules.Tue, 26 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/27-fsa-publishes-policy-statement-on-client-assetsSummary of the main elements of forthcoming enhancements to the FSA`s Client Assets Sourcebook, contained in Policy Statement 10/16.Tue, 26 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/financial-markets-conference-calls/conference-call-11-packaged-retail-investment-productsOn 26 November 2010, the Commission published its Consultation on legislative steps for the Packaged Retail Investment Products (PRIPs) initiative. The Consultation outlines proposals in relation to PRIPs, and seeks input, in three areas: products within the scope, sales of products, and pre contractual disclosure - the key investor information document (KIID). This conference call highlights the key issues presented in the consultation.Sat, 09 Oct 2010 07:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101007-uk-fi-sector-cpd-day-2010/remuneration-in-the-light-of-the-new-fsa-codeThis session looks at the issues that financial institutions are having to grapple with relating to remuneration, in the light of the new FSA Code. Please note that there is a separate session that focusses on fund manager remuneration.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101007-uk-fi-sector-cpd-day-2010/short-selling-developments-in-the-euThis session looks at the current regulatory trends in relation to short selling in the EU, including any developments towards a pan-European regime, with specific reference to certain key European jurisdictions.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101007-uk-fi-sector-cpd-day-2010/all-change-the-new-regulatory-landscapeThe regulators are changing, both in the UK and the EU. Sarah Bowles, Charlotte Stalin and Richard Sims examine the coming changes to the regulatory landscape for banks and asset managers. With the end of the FSA, and the dawn of the pan European supervisors, who will your regulators be in the future and where will their focus lie? Who will make the rules and who will enforce them? What are the current regulatory trends and how will change affect your business?Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101007-uk-fi-sector-cpd-day-2010/fund-manager-remuneration-after-crd3-the-revised-fsa-remuneration-codeThis session examines the revised FSA Remuneration Code and its application to investment firms. There is a particular focus on proportionality, ie timing of implementation, the de minimis concession, and the FSA's proposed proportionate approach (rules to be applied by all, rules to be applied by some firms in line with their nature, internal organisation etc, and rules where some firms may comply or explain based on their nature, internal organisation etc).Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101007-uk-fi-sector-cpd-day-2010/hello-stranger-the-ongoing-mifid-reviewThis session provides an overview of the EU Commission's ongoing review of the Markets in Financial Instruments Directive, including its suggestions as regards investor protection and intermediaries, transaction reporting, equity markets and non equity markets transparency. Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20101007-uk-fi-sector-cpd-day-2010/disclosure-requirements-retail-structured-productsThis session focuses on the changes required to be made to disclosure in light of the EU Packaged Retail Investment Products (PRIPS) initiative and, in particular, the proposed Key Information Document (KID), the Prospectus Directive review and the changes in the German market.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20101007-UK-FI-Sector-CPD-Day-2010On Thursday 07 October 2010 our London office hosted our sixth financial institutions sector autumn legal update. Sessions covered a broad range of topics relevant to financial institutions from our lawyers across many disciplines. Video and slides from this training day are now available.Wed, 06 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/6-oversight-october-2010-consultation-paper-concerning-the-regulatory-oversight-of-credit-rating-agenciesThis Oversight provides a summary of the proposed regulation and licensing requirements for Credit Rating Agencies as contained in the SFC`s Consultation Paper Concerning the Regulatory Oversight of Credit Rating Agencies.Tue, 05 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/6-financial-services-alerter-september-2010Issue 33 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 05 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-september-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for September 2010. It covers relevant publications and announcements by HM Treasury and other UK Government bodies, as well as related items such as significant responses to consultations, etc.Mon, 04 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-september-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for September 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Mon, 04 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-september-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for September 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 04 Oct 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/antitrust-and-merger-control/30-two-pronged-review-into-stability-and-competition-in-the-uk-banking-sector-proves-challengingThe initial Issues Paper published by the Independent Commission on Banking demonstrates the complexity of its review of the structure of the UK banking sector.Wed, 29 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/23-eu-commission-issues-legislative-proposal-on-short-sellingOverview of the main points contained in the European Commission`s legislative proposal for a Regulation establishing a pan European short selling regime, which was published on 15 September 2010.Wed, 22 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0115-hkmas-guideline-on-a-sound-remuneration-systemSimmons & Simmons partner Fiona Loughrey talks to colleague Carrie Chung about the scope and application of the HKMA guideline issued in 2010 in relation to sound remuneration systems. Mon, 20 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0114-short-selling-new-eu-proposalSimmons & Simmons partner Darren Fox talks to colleague Geoff Rimington about the EU Commission's legislative proposal on short selling. Sun, 19 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20100915-asia-fi-sector-cpd-day-2010/the-regulatory-landscape-in-europe-and-asiaThis session provides an overview of the key regulatory themes for 2010 in Europe and Asia, including expected upcoming developments.Wed, 15 Sep 2010 07:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20100915-asia-fi-sector-cpd-day-2010/regulatory-capital-bond-offeringsThis session looks at the regulatory requirements in Hong Kong for innovative capital instruments to be included in a bank's core capital, including a review of the approach taken by the Hong Kong Monetary Authority in recent core capital issues.Wed, 15 Sep 2010 07:00:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/20100915-Asia-FI-Sector-CPD-Day-2010On Wednesday 15 September 2010 we hosted our fourth Asia financial institutions sector CPD day at our Hong Kong office. This one day conference comprised seven training sessions, focusing on a range of topical legal issues relevant to financial institutions in Asia. Slides and video recordings are available for each session.Tue, 14 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/6-financial-services-alerter-august-2010Issue 32 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Sun, 05 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/6-use-of-fsa-online-notifications-and-applications-system-mandatory-from-04-october-2010A series of FAQs providing an overview of the changes resulting from the decommissioning of the FSA`s Firms Online system and mandatory use of the Online Notifications and Applications system (ONA) from 04 October 2010.Sun, 05 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-august-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for August 2010. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Thu, 02 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-august-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for August 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Thu, 02 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-august-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for August 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 02 Sep 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0100-changes-to-the-fsas-remuneration-codeSimmons & Simmons lawyer Richard Pilsworth talks to partner Philip Bartlett about the FSA's consultation on changing the scope and content of its Remuneration Code.Wed, 11 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0099-uk-market-abuse-updateSimmons & Simmons partner Darren Fox talks to colleague Richard Sims about market abuse, including the latest civil and criminal action by the FSA and the future for enforcement of the market abuse regime.Mon, 09 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0098-uae-financial-services-regulatory-update-part-twoSimmons & Simmons partners Vanessa Abernethy and Isabella Roberts talk about some of the recent regulations which ESCA have been enacting in the UAE and the effect they will have on the financial services industry.Sun, 08 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/6-financial-services-alerter-july-2010Issue 31 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 05 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-july-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for July 2010. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Thu, 05 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-july-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for July 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Thu, 05 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-july-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for July 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 05 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0096-uae-financial-services-regulatory-update-part-oneSimmons & Simmons partners Vanessa Abernethy and Isabella Roberts talk about some of the recent regulations which ESCA and the DFSA have been enacting in the UAE and the effect they will have on the financial services industry.Wed, 04 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0095-hm-treasury-consultation-on-the-future-of-the-fsaSimmons & Simmons financial services lawyer Nick Colston talks to partner Sarah Bowles about significant proposed changes to the UK financial regulatory architecture of relevance to FSA regulated firms.Mon, 02 Aug 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/30-german-short-selling-act-in-forceFurther information on the Act to Prevent Abusive Securities and Derivative Trades (Gesetz zur Vorbeugung gegen missbräuchliche Wertpapier- und Derivategeschäfte) which came into force at midnight on 26 July 2010.Thu, 29 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/26-the-future-of-uk-financial-services-regulation-banking-and-investment-servicesSeries of FAQs providing an overview for banking and investment services firms of the structure of the UK financial services regulatory regime since 01 April 2013.Sun, 25 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0092-remuneration-restrictions-in-the-financial-services-industrySimmons & Simmons senior professional support lawyer Kitty Debenham talks to partner Philip Bartlett about the provisions which affect remuneration in the European Directive amending the Capital Requirements Directive (CRD3).Wed, 21 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/2010-financial-markets-breakfast-briefing-series-2010/retail-structured-products-rsp-update-on-recent-developmentsDespite the emergence of market led initiatives and a more principles based approach by some national regulators, there is now a shift towards further regulation. This briefing examines the current regulatory proposals at a EU (including PRIPS) and national level and the potential impact on participants in the RSP market.Thu, 15 Jul 2010 07:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/12-german-short-selling-act-passedOverview of main points of Act to Prevent Abusive Securities and Derivative Trades (Gesetz zur Vorbeugung gegen missbräuchliche Wertpapier- und Derivategeschäfte), which was passed by the German Parliament on 02 July 2010 and agreed by the Federal Council on 09 July 2010, as well as main differences from draft version published on 03 June 2010.Sun, 11 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/8-financial-services-alerter-june-2010Issue 30 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 07 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-june-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for June 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Wed, 07 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-june-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for June 2010. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Wed, 07 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-june-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for June 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Wed, 07 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/6-remuneration-systems-of-institutions-and-insurance-companiesThe new German Remuneration Act applies to credit institutions, financial services institutions and insurance companies. It covers variable compensation systems for managers and employees, without being restricted to so-called risk takers.Mon, 05 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/2-crd-3-and-remuneration-in-the-financial-services-sectorA summary of amendments to the Capital Requirements Directive regulating remuneration of senior employees in credit institutions and MiFID investment firms.Thu, 01 Jul 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/2010-hong-kong-and-prc-employment-briefings-2010/legal-issues-on-remuneration-in-hong-kongThis briefing comments on the common features of a remuneration package offered to employees (in Hong Kong in particular, although not exclusively), and highlights key issues of which employers should be aware in relation to components of remuneration. There is also a discussion on the case law surrounding various types of bonuses, in particular discretionary bonuses. The session ends with a brief look at sound remuneration system principles (drawing from the recommendations of the Financial Stability Board and the recent HKMA guideline), and the UK "supertax".Tue, 22 Jun 2010 07:00:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/2010-Hong-Kong-and-PRC-employment-briefings-2010Video recordings and slides from the Simmons & Simmons China employment group's 2010 series of employment law briefings.Mon, 21 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/9-update-on-new-spanish-rules-on-disclosure-of-short-positionsOn 09 June 2010 the CNMV published an amended version of its FAQs on the new short selling disclosure regime (previously published on 04 June 2010), together with an English language version. The FAQs were further amended on 11 June 2010.Tue, 08 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/7-financial-services-alerter-may-2010Issue 29 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Sun, 06 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-may-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for May 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Sun, 06 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-may-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for May 2010. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Sun, 06 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-may-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for May 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Sun, 06 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/6-sfc-consultation-conclusions-on-proposals-to-enhance-protection-for-the-investing-public-impact-on-unlisted-structured-investment-productsThis article looks at the key proposals, adopted in the Consultation Conclusions on Proposals to Enhance Protection for the Investing Public, relating to unlisted structured investment products and the regulation of intermediaries.Sat, 05 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-revised-draft-german-act-on-short-selling-prohibitions-publishedIn connection with the naked short selling bans introduced by BaFin on 19 May 2010, the German Ministry of Finance has published a draft act to strengthen the stability of the financial market including certain prohibitions on naked short selling. On 31 May 2010 the draft Act was subject to debate resulting in further amendments. It is likely that the draft Act will pass through the parliament before the end of June 2010. This article provides an update on the latest changes.Wed, 02 Jun 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/28-new-rules-in-spain-on-disclosure-of-short-positionsOn 27 May 2010, the CNMV published new rules on the disclosure of short positions, which will come into force on 10 June 2010. First filings under the New Rules will be due by 11 June 2010.Thu, 27 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/24-new-german-short-selling-restrictions-from-midnight-on-18-may-2010Brief overview of temporary restrictions on naked short selling introduced by BaFin with effect from midnight on 18 May 2010 until 31 March 2011.Sun, 23 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/10-major-changes-to-the-german-financial-services-regimeOn 03 May 2010, the German Ministry of Finance circulated a draft act which sets out significant regulatory changes to the German financial services regime. The Act has already caused a strong reaction from the financial services community and, in some areas, the amendments can be seen as a paradigm shift in regulation of the German market.Sun, 09 May 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/7-financial-services-alerter-april-2010Issue 28 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 06 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-april-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for April 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 06 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-april-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for April 2010. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Wed, 05 May 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-april-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for April 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Wed, 05 May 2010 23:00:00 GMThttp://www.elexica.com/en/resources/training-landing/2010-financial-markets-breakfast-briefing-series-2010/regulatory-intervention-a-wholesale-changeThe Financial Services Authority (FSA) says it will deliver intensive supervision and credible deterrence. It has raised the stakes in enforcement with a focus on systems and controls, senior management and a step change in the level of fines. This session looks at the new direction of FSA intervention for finance firms.Thu, 29 Apr 2010 07:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/27-sfc-consultation-conclusions-on-reforms-to-the-co-sfo-offering-regimesOn 22 April 2010, the Securities and Futures Commission published its Consultation Conclusions on Possible Reforms to the Prospectus Regime in the Companies Ordinance and the Offers of Investments Regime in the Securities and Futures Ordinance. This article provides a snapshot of the key observations from the Consultation Conclusions.Mon, 26 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/banking/15-dawn-of-the-living-willThis article considers the international momentum surrounding `living wills`, also known as recovery and resolution plans, and considers the UK`s legislative framework and proposals which will affect deposit taking banks and, possibly, other types of financial institutions as well.Wed, 14 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/8-fsa-publishes-consultation-paper-on-client-assetsThe FSA published on 30 March 2010 its long awaited consultation paper in relation to its client assets regime. In it, the FSA sets out certain proposals for `enhancing` its client asset rules and this builds upon some of the themes and ideas set out byWed, 07 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/6-financial-services-alerter-march-2010Issue 27 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 05 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-march-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for March 2010. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Mon, 05 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-march-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for March 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Mon, 05 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-march-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for March 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 05 Apr 2010 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/30-china-introduces-short-selling-margin-trading-and-index-futuresThis article describes China`s plans to allow short selling, margin trading and stock index futures trading to take place.Mon, 29 Mar 2010 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0071-financial-markets-regulation-china-and-hong-kong-updateIn the second of two episodes, Simmons & Simmons partner Philip Abbott talks to fellow partner Paul Li about current issues in financial markets regulation in China and Hong Kong. Part of the financial markets breakfast briefing series 2010 - the new dawn? Thu, 25 Mar 2010 17:16:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0070-financial-markets-regulation-middle-east-updateIn the first of two episodes, Simmons & Simmons partner Paul Li talks to fellow partner Philip Abbott about current issues in financial markets regulation in the Middle East. Part of the financial markets breakfast briefing series 2010 - the new dawn? Tue, 23 Mar 2010 15:47:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/22-german-short-selling-obligations-latest-developmentsThe German Federal Financial Supervisory Authority (BaFin) has published updated FAQs in relation to new German short selling rules for certain issuers.Mon, 22 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/16-asian-bankers-counsel-poll-2010For the third year running Simmons & Simmons has sponsored the IFLR`s Asian Bankers` Counsel Poll. A questionnaire was put together with the help of a committee of leading senior in house counsel at some of the world`s largest international banks, seniorTue, 16 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/2010-financial-markets-breakfast-briefing-series-2010/the-regulatory-landscape-in-europe-the-middle-east-and-asiaThis briefing provides an overview of the key regulatory themes for 2010 in Europe, the Middle East and Asia, including expected upcoming developments.Thu, 11 Mar 2010 08:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/4-financial-services-alerter-february-2010Issue 26 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 04 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/4-financial-services-alerter-february-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for February 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Thu, 04 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/4-financial-services-alerter-february-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for February 2010. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Thu, 04 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/4-financial-services-alerter-february-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for February 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 04 Mar 2010 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/financial-markets-conference-calls/conference-call-04-german-regulator-publishes-new-guidance-on-marketing-materialAudio recording of a conference call on the final version of the circular published by BaFin concerning the intepretation of the provisions of the German Securities Trading Act on information (including marketing material) provided by investment firms to their clients. Wed, 03 Mar 2010 08:00:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/2010-Financial-markets-breakfast-briefing-series-2010After a year of far reaching regulatory reform and continued market upheaval, the financial sector is now focusing on identifying opportunities in the new landscape as well as dealing with the legacy of the old. What does this mean in practical terms for market participants? Video recordings and slides from this series of seminars are available here.Thu, 25 Feb 2010 08:00:00 GMThttp://www.elexica.com/en/legal-topics/information-communication-and-technology/22-the-banks-and-cloud-computingThis article looks at the legal and regulatory compliance risks preventing banks from adopting in any large scale fashion public clouds, and the issues banks need to consider before using private clouds sourced from, and managed by, a third party serviceMon, 22 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/11-cesr-consults-on-extension-of-european-major-shareholding-notification-regimeOn 09 February 2010, the Committee of European Securities Regulators published a consultation paper on extending the European Transparency Directive major shareholding notification regime to include instruments that create a similar economic effect to holThu, 11 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/information-communication-and-technology/10-proposed-resolution-arrangements-impact-on-banks-and-suppliersProposed new resolution arrangements for investment firms - impact on outsourcing, IT infrastructure and IT service arrangements.Wed, 10 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/information-communication-and-technology/10-what-outsourcing-suppliers-need-to-know-about-banking-regulationFrequently asked questions about what suppliers of outsourced services to banks and financial institutions need to know about banking regulation.Wed, 10 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/8-financial-services-alerter-january-2010Issue 25 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 08 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-january-2010-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for January 2010. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Mon, 08 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-january-2010-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for January 2010. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Mon, 08 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-january-2010-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for January 2010. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 08 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/resources/training-landing/20100204-hong-kong-retail-structured-products-regulationRecording of our telephone conference call providing an update on retail structured products regulation in Hong Kong.Thu, 04 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/1-compensation-standards-for-credit-institutions-and-financial-services-providers-in-germanySummary of developments in Germany relating to remuneration practices in credit institutions, financial services providers and insurance companies, following the publication of the FSB Principles for Sound Compensation Practices.Mon, 01 Feb 2010 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/25-oversight-january-2010-consultation-on-a-scripless-securities-market-in-hong-kongOn 30 December 2009, the Securities and Futures Commission, the Federation of Share Registrars Limited and The Stock Exchange of Hong Kong Limited issued a joint consultation paper to introduce a regime for gradual implementation of a scripless securities market in Hong Kong.Mon, 25 Jan 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-december-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for December 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Fri, 08 Jan 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-december-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for December 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Fri, 08 Jan 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/8-financial-services-alerter-december-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for December 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Fri, 08 Jan 2010 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/8-financial-services-alerter-december-2009Issue 24 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Fri, 08 Jan 2010 00:00:00 GMThttp://www.elexica.com/en/legal-topics/employment-and-benefits/23-requirements-for-compensation-systems-of-credit-institutions-and-financial-services-providersBaFin publishes circular concerning compensation systems of credit institutions and financial services providers which requires them to align their compensation structures to the company`s sustained success.Wed, 23 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/9-a-new-era-new-investment-advice-reporting-requirement-changes-risk-of-liability-for-regulated-institutions-and-branches-in-germanyA new act requires a detailed protocol of the investment advice given to customers to be produced, combined with an obligation to hand over this protocol before entering into a business deal concerning a financial instrument with the customer.Wed, 09 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/tax/9-bank-bonus-super-tax-application-to-the-asset-management-industryFollowing the Chancellor`s Pre Budget Report on 09 December 2009, Simmons & Simmons has prepared an article focussing on the application of the bank bonus super tax to those who work in the asset management industry.Wed, 09 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-november-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for November 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Mon, 07 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-november-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for November 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 07 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-november-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for November 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Mon, 07 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/7-financial-services-alerter-november-2009Issue 23 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 07 Dec 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/11-oversight-november-2009-consultation-on-the-regulation-of-intermediary-conduct-and-selling-practicesFollowing on from Oversight October 2009, we look at the Hong Kong Securities and Futures Commission's (SFC) proposed changes to enhance the conduct of SFC licensed persons in the sale of investment products.Wed, 11 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-october-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for October 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Thu, 05 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-october-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for October 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Thu, 05 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-october-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for October 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 05 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/5-financial-services-alerter-october-2009Issue 22 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 05 Nov 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/19-retail-structured-products-restrictions-in-the-uaeOn 02 August 2009, the Central Bank of the United Arab Emirates restricted the sale of retail structured products.Sun, 18 Oct 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/13-fsa-consults-on-alternative-finance-investment-bondsOn 06 October 2009 the Financial Services Authority published consultation paper 09/25 inviting comments on proposed amendments to the FSA Handbook.Mon, 12 Oct 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/banking/13-dfsa-consults-on-islamic-finance-rules-in-the-difcThe Dubai Financial Services Authority have issued a consultation paper setting out proposals to enhance clarity and accessibility of the Islamic finance rules of the Dubai International Financial Centre.Mon, 12 Oct 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/8-financial-services-alerter-september-2009Issue 21 of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 07 Oct 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-september-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for September 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Tue, 06 Oct 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-september-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for September 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Tue, 06 Oct 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-financial-services-alerter-september-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for September 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Tue, 06 Oct 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/25-new-act-on-executive-pay-in-forceOn 05 August 2009, the Act on reasonable remuneration of management board members came into force.Thu, 24 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/22-placement-and-marketing-of-complex-financial-products-in-portugalA new regulation in Portugal introduces a new regulatory regime relevant to the placement and marketing of complex financial products by financial intermediaries to non qualified investors in Portugal.Mon, 21 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/10-consob-and-illiquid-products-approval-of-a-benchmark-prospectusFollowing measures recently adopted in respect of “illiquid” retail products, CONSOB have approved the first prospectus incorporating the regulator`s position as to presentation and contents of risk performance profile and cost regime disclosure, set fortWed, 09 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-august-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for August 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Tue, 01 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-august-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for August 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Tue, 01 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-august-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for August 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Tue, 01 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/2-financial-services-alerter-august-2009Issue twenty of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 01 Sep 2009 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0032-fsa-remuneration-codeSimmons & Simmons employee benefits lawyer Richard Pilsworth talks to employment partner Philip Bartlett about the impact that the UK Financial Services Authority's remuneration code will have on the bonus culture and the changes it will require. Mon, 17 Aug 2009 13:42:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-july-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for July 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Tue, 04 Aug 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-july-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for July 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Tue, 04 Aug 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-july-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for July 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Tue, 04 Aug 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/5-financial-services-alerter-july-2009Issue nineteen of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 04 Aug 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/28-oversight-july-2009-consultation-on-enhancement-of-the-aml-regime-of-the-financial-sectorOn 09 July 2009, the Financial Services and the Treasury Bureau of Hong Kong issued a consultation paper to gauge public views on the conceptual framework of the legislative proposal to enhance the anti money laundering regulatory regime in respect of the financial sector in Hong Kong. This article provides an overview of the proposed legislation and its potential Implications on the operations of financial institutions.Mon, 27 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/24-new-rules-for-executive-pay-adopted-in-the-act-on-reasonable-remuneration-of-management-board-membersOn 18 June 2009 the Lower House of German Parliament, the Bundestag, approved the Act on reasonable remuneration of board members (Gesetz zur Angemessenheit der Vorstandsvergütung - VorstAG). Management board members` remuneration is now to be more closely linked to the ongoing development of the company.Thu, 23 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/22-csrc-issued-rules-on-business-scope-of-securities-companiesCSRC issued the Interim Provisions on the Approval of the Business Scope of Securities Companies.Tue, 21 Jul 2009 23:00:00 GMThttp://www.elexica.com/de-DE/legal-topics/corporate-governance-and-compliance/13-vorstag-verabschiedet-neue-regeln-f-r-managergeh-lterDer deutsche Bundestag hat am 18. Juni 2009 das Gesetz zur Angemessenheit der Vorstandsvergütung (“VorstAG”) verabschiedet. Die Vergütung von Vorständen soll künftig stärker auf eine nachhaltige Unternehmensentwicklung ausgerichtet werden.Sun, 12 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/9-financial-services-alerter-june-2009Issue eighteen of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 08 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0026-financial-markets-the-regulatory-revolutionSimmons & Simmons financial services partner Charlotte Stalin talks to fellow partner Philip Bartlett (employment), and colleagues Richard Sims (financial markets litigation) and Penny Miller (capital markets) about the future of banking regulation in Europe. Tue, 07 Jul 2009 13:52:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-new-reporting-obligations-concerning-investment-advice-financial-crisis-in-focusThe German Parliament voted on 03 July 2009 to introduce a new act to improve the enforceability of claims by investors due to misleading or incomplete investment advice. The Act will change significantly the information obligations for regulated institutions when providing investment advice to retail clients.Mon, 06 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-june-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for June 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Sun, 05 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-june-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for June 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Sun, 05 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-june-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for June 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Sun, 05 Jul 2009 23:00:00 GMThttp://www.elexica.com/es-ES/Resources/Training-Landing/Financial-Markets-Conference-CallsAudio recordings and materials from recent telephone conference calls hosted by Simmons & Simmons for clients active in financial markets.Thu, 02 Jul 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/23-iosco-task-force-issues-final-report-on-short-sellingOn 19 June 2009 IOSCO published its final report on the regulation of short selling.Mon, 22 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/9-financial-services-alerter-may-2009Issue seventeen of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 08 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/4-financial-services-alerter-may-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for May 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Wed, 03 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/4-financial-services-alerter-may-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for May 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Wed, 03 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/4-financial-services-alerter-may-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for May 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Wed, 03 Jun 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/1-federal-government-stricter-duties-on-supervisory-board-concerning-reasonable-executive-salariesOn 12 March 2009, at the initiative of the Federal Ministry of Justice (Bundesjustizministerium) the Federal Government resolved official wording relating to executive pay in commercial and stock corporation law which is to be introduced as a draft bill and adopted before the parliamentary summer recess.Sun, 31 May 2009 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0018-share-disclosure-and-short-sellingSimmons & Simmons partner Sarah Bowles and fellow partner Darren Fox discuss issues and latest developments in navigating the international regulation of share disclosure and short selling. Fri, 29 May 2009 11:34:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/12-financial-services-alerter-april-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for April 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Mon, 11 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/12-financial-services-alerter-april-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for April 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Mon, 11 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/12-financial-services-alerter-april-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for April 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 11 May 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/12-financial-services-alerter-april-2009Issue sixteen of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 11 May 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/15-financial-services-alerter-march-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for March 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Tue, 14 Apr 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/15-financial-services-alerter-march-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for March 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Tue, 14 Apr 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/15-financial-services-alerter-march-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for March 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Tue, 14 Apr 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/15-financial-services-alerter-march-2009Issue fifteen of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 14 Apr 2009 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/9-the-turner-report-an-at-a-glance-guideGuide to the main points arising from the Turner Review, published by the Financial Services Authority on 18 March 2009, and the regulatory agenda contained in it.Wed, 08 Apr 2009 23:00:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0006-financial-markets-middle-east-updateSimmons & Simmons partners Philip Abbott and Eric Milne discuss current issues in financial markets in the Middle East. Tue, 31 Mar 2009 11:19:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/31-asian-bankers-counsel-poll-2009Simmons & Simmons has sponsored the Asian Bankers` Counsel Poll, published by IFLR. Designed with input from a committee of senior inhouse counsel from some of the world`s largest banks, peers at international banks with an Asian presence were surveyed onMon, 30 Mar 2009 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/23-oversight-march-2009-selling-in-hong-kong-suitability-obligationsIn the wake of the Lehman Minibonds crisis in Hong Kong, the Hong Kong Securities and Futures Commission has turned its attention to the duty of intermediaries to ensure investment products are suitable for investors. This newsletter provides an analysis of what is required of intermediaries - be they banks, brokers or fund managers and advisers - when recommending investment products to their clients, and offers some practical guidance on how best to comply with the suitability obligations.Mon, 23 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/17-fsa-s-telephone-taping-rules-an-overviewOverview of the FSA`s rules on the recording of telephone conversations and electronic communications.Tue, 17 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/16-navigating-the-international-regulation-of-short-sellingChecklist of points to note for anyone attempting to get to grips with short selling restrictions internationally. Mon, 16 Mar 2009 00:00:00 GMThttp://www.elexica.com/de-DE/resources/podcast/episode-0003-bonus-debate-german-executive-pay-german-versionSimmons & Simmons Partner Dr Hans-Hermann Aldenhoff spricht mit Dr Alison Marriott über die derzeit in Deutschland geführte Diskussion über Managervergütungen und Bonuszahlungen und warum Spitzenverdiener nicht den vollen Schutz des bestehenden deutschen Arbeitsrechts benötigen. Wed, 11 Mar 2009 11:37:00 GMThttp://www.elexica.com/en/resources/podcast/episode-0003-bonus-debate-german-executive-paySimmons & Simmons partner Hans-Hermann Aldenhoff talks to colleague Alison Marriott about the current debate in Germany on executive remuneration and bonuses and why German employment law needs to get more flexible when it comes to top earners. Wed, 11 Mar 2009 11:32:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/11-credit-provisions-trading-documentation-scrutinisedThis article explores some of the credit related provisions in trading documentation that have come under pressure in the light of the failure of Lehman Brothers and adverse market conditions.Wed, 11 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-february-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for February 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Fri, 06 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-february-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for February 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Fri, 06 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-february-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for February 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Fri, 06 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/6-financial-services-alerter-february-2009Issue fourteen of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Fri, 06 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/6-new-cfd-disclosure-rules-from-01-june-2009Summary of rule changes with effect from 01 June 2009, which extended the scope of the FSA`s substantial shareholding disclosure regime to cover holdings in the shares of a UK listed company through contracts for differences (CFDs) and other cash settledFri, 06 Mar 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/26-oversight-february-2009-a-summary-of-the-sfc-s-report-on-the-issues-raised-by-lehman-minibondsIn December 2008, the Hong Kong Securities and Futures Commission submitted its report entitled `Issues raised by the Lehman minibonds crisis` to the Financial Secretary. This article provides a brief summary of the Report with regard to the issues which may be relevant to intermediaries, including fund managers and distributors of funds and other investment products.Thu, 26 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/6-financial-services-alerter-january-2009Issue thirteen of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Fri, 06 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-january-2009-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for January 2009. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Thu, 05 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-january-2009-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for January 2009. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Thu, 05 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-january-2009-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for January 2009. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 05 Feb 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/12-financial-services-alerter-december-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for December 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Mon, 12 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/12-financial-services-alerter-december-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for December 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Mon, 12 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/12-financial-services-alerter-december-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for December 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 12 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/12-financial-services-alerter-december-2008Issue twelve of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 12 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/banking/10-sustainable-sukuks-the-nexus-between-islamic-finance-and-emissions-tradingAn in depth look at the relationships between Islamic finance and how this could be used to fund a new approach to emissions trading.Sat, 10 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/6-fsa-expands-approved-persons-regimeOn 27 July 2009, following its consultation on proposed changes to its approved persons regime, the FSA issued a policy statement confirming the changes, which came into effect on 06 August 2009.Tue, 06 Jan 2009 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/3-financial-services-alerter-november-2008Issue eleven of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 03 Dec 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-november-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for November 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Tue, 02 Dec 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-november-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for November 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Tue, 02 Dec 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-november-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for November 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Tue, 02 Dec 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/28-short-selling-in-hong-kong-no-change-plannedThis article examines the recent rumours that there may be new restrictions on short selling in Hong Kong. The overall message appears to be that there is no imminent change planned.Fri, 28 Nov 2008 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/18-financial-services-alerter-october-2008Issue ten of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 18 Nov 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/11-financial-services-alerter-october-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for October 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Tue, 11 Nov 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/11-financial-services-alerter-october-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for October 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Tue, 11 Nov 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/11-financial-services-alerter-october-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for October 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Tue, 11 Nov 2008 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/3-financial-services-alerter-september-2008Issue nine of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 02 Oct 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-september-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for September 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Thu, 02 Oct 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-september-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for September 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Thu, 02 Oct 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-september-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for September 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 02 Oct 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/25-asia-financial-institutions-sector-cpd-day-25-september-2008The Asia Financial Institutions Sector CPD Day was held on 25 September 2008 at Simmons & Simmons` Hong Kong office. This one day conference comprised eight sessions, focusing on a range of topical legal issues relevant to financial institutions in Asia.Wed, 24 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/19-the-fsa-s-disclosure-regime-for-short-positions-in-the-shares-of-quoted-uk-financial-companiesThis article provides an overview of the rules introduced by the FSA in September 2008 concerning short selling in relation to the shares of publicly quoted financial companies, as well as answers to a number of additional questions.Thu, 18 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/4-financial-services-alerter-august-2008Issue eight of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 03 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-august-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for August 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Tue, 02 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-august-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for August 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Tue, 02 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-august-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for August 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Tue, 02 Sep 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/6-financial-services-alerter-july-2008Issue seven of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Tue, 05 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-july-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for July 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Mon, 04 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-july-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for July 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Mon, 04 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/5-financial-services-alerter-july-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for July 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 04 Aug 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/17-oversight-july-2008-second-issue-sfc-and-hkex-streamline-admission-procedures-for-exchange-participantsThe Securities and Futures Commission and Hong Kong Exchanges and Clearing Limited have recently announced a relaxation of the admission procedure for exchange participants on The Stock Exchange of Hong Kong Limited and The Hong Kong Futures Exchange Limited as well as a relaxation of the registration procedure for exchange participants` staff members and substantial shareholders.Wed, 16 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/10-the-fsa-s-disclosure-regime-for-short-positions-in-the-shares-of-companies-pursuing-rights-issuesOverview of the rules introduced by the FSA in June 2008 regarding public disclosure of short positions in the shares of listed issuers pursuing a rights issue.Wed, 09 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/7-financial-services-alerter-june-2008Issue six of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Sun, 06 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-june-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for June 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Wed, 02 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-june-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for June 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Wed, 02 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-june-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for June 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Wed, 02 Jul 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/13-oversight-june-2008-electronic-submission-of-financial-returns-by-licensed-corporationsThe Securities and Futures Commission (SFC) issued a consultation paper on electronic submission of financial returns proposing to require all corporations licensed to carry on regulated activities under the Securities and Futures Ordinance to submit their financial returns electronically. Subsequent to public consultation, the SFC published its conclusions which were to proceed with its proposal. The new system will come into effect on 01 November 2008.Thu, 12 Jun 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/3-financial-services-alerter-may-2008Issue five of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 02 Jun 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-may-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for May 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Mon, 02 Jun 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-may-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for May 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Mon, 02 Jun 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-may-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for May 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Mon, 02 Jun 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/30-oversight-april-2008-consultation-on-e-prospectuses-for-public-offers-of-companies-and-fundsThe SFC and the SEHK have jointly issued the Joint Consultation Paper on the Proposal to allow a Companies Ordinance Offeror to issue a CO Paper Application Form for Shares in or Debentures of a Company to be listed on SEHK and a CIS Offeror to supply a CIS Paper Application Form for Interests in an SFC authorised CIS to be listed on SEHK, with a Listing Document Displayed on Certain Websites.Thu, 29 May 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/2-financial-services-alerter-april-2008Issue four of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 01 May 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-april-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for April 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Thu, 01 May 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-april-2008-financial-regulation-other-uk-developmentsThis is the `Financial Regulation - other UK developments` section of Financial Services Alerter for April 2008. It covers relevant UK developments which are not covered in other sections of the service.Thu, 01 May 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-april-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for April 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 01 May 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/2-financial-services-alerter-april-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for April 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Thu, 01 May 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/3-financial-services-alerter-march-2008Issue three of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Wed, 02 Apr 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-march-2008-financial-regulation-hm-treasury-and-other-government-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for March 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Wed, 02 Apr 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-march-2008-financial-regulation-other-uk-developmentsThis is the `Financial Regulation - other UK developments` section of Financial Services Alerter for March 2008. It covers relevant UK developments which are not covered in other sections of the service.Wed, 02 Apr 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-march-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for March 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Wed, 02 Apr 2008 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/3-financial-services-alerter-march-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for March 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Wed, 02 Apr 2008 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/10-financial-services-alerter-february-2008Issue two of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Mon, 10 Mar 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-february-2008-financial-regulation-hm-treasury-and-other-goverment-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for February 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Thu, 06 Mar 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-february-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for February 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Thu, 06 Mar 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/6-financial-services-alerter-february-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for February 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Thu, 06 Mar 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/15-fsa-adopts-new-cold-calling-approach-to-market-abuse-casesIt has been reported that the Financial Services Authority is using a new tactic in its policing of the markets in relation to suspected insider dealing and market abuse. The FSA has been `cold calling` traders and investors it suspects of potential markeFri, 15 Feb 2008 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/financial-services-alerter/31-financial-services-alerter-january-2008Issue one of regular bulletin providing brief details of significant legal and regulatory developments of relevance to the fund management and investment banking communities.Thu, 31 Jan 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/26-financial-services-alerter-january-2008-financial-regulation-other-uk-developmentsThis is the `Financial Regulation - other UK developments` section of Financial Services Alerter for January 2008. It covers relevant UK developments which are not covered in other sections of the service.Sat, 26 Jan 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/26-financial-services-alerter-january-2008-financial-regulation-hm-treasury-and-other-goverment-bodiesThis is the `Financial Regulation - HM Treasury and other goverment bodies` section of Financial Services Alerter for January 2008. It covers relevant publications and announcements by HM Treasury and other UK government bodies, as well as related items such as significant responses to consultations, etc.Sat, 26 Jan 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/26-financial-services-alerter-january-2008-financial-regulation-eu-and-other-international-developmentsThis is the `Financial Regulation - EU and other international developments` section of Financial Services Alerter for January 2008. It covers significant publications and announcements by EU and international regulatory bodies of relevance to the UK, as well as related items such as significant responses to consultations, etc.Sat, 26 Jan 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/26-financial-services-alerter-january-2008-financial-regulation-financial-services-authorityThis is the `Financial Regulation - Financial Services Authority` section of Financial Services Alerter for January 2008. It covers relevant publications and announcements by the FSA, as well as related items such as significant responses to consultations, etc.Sat, 26 Jan 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/9-10-things-every-investment-banker-needs-to-know-about-mifidThe Markets in Financial Instruments Directive replaced the Investment Services Directive and, in the process, had a significant impact on day to day business for EEA based investment firms. This note identifies some of the most important issues for investment bankers.Wed, 09 Jan 2008 00:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/11-hkex-sfc-web-proof-information-pack-ipo-applicants-01-january-2008Pilot scheme regarding the posting of a web proof information pack on the Hong Kong Stock Exchange website prior to the issue of a prospectus in IPO cases.Tue, 11 Dec 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/8-asian-bankers-counsel-poll-2007The report is highly relevant to everyone working in the financial institutions sector in Asia. It highlights counsels` views on recent trends in the Asian markets, ranging from the risks associated with structured products, to disclosure standards of ChiThu, 08 Nov 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/capital-markets/4-financial-institutions-cpd-day-hong-kong-04-october-2007The Financial Institutions CPD Day was held on 04 October 2007 at our Hong Kong office. The one day conference contained five seminars, focusing on a range of topics relevant to financial institutions in Asia.Wed, 03 Oct 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/30-shades-of-grey-a-look-at-ipo-grey-market-trades-in-hong-kongThe recent High Court decision in Woo Hing Keung Lawrence v CEF Brokerage Limited has, for the first time in Hong Kong, provided judicial guidance on the validity as between client and broker of what are fairly common arrangements before an IPO, namely `grey market` trades.Tue, 29 May 2007 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/8-oversight-april-2007-qualified-foreign-institutional-investor-regulationsNew qualified foreign institutional investor (QFII) regulations mark further liberalisation of China`s capital markets.Mon, 07 May 2007 23:00:00 GMThttp://www.elexica.com/en/legal-topics/asset-management/5-establishing-an-office-in-hong-kongA look at some of the legal issues for asset managers and investment advisers.Fri, 05 Jan 2007 00:00:00 GMThttp://www.elexica.com/en/legal-topics/dispute-resolution-financial-markets/27-treating-customers-fairly-the-fsa-issues-dp06-4A summary of DP 06/4 "The responsibilities of providers and distributors for the fair treatment of customers".Mon, 27 Nov 2006 00:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/23-oversight-october-2006-prospectus-regime-sfc-conclusionsThe Securities and Futures Commission has issued its consultation conclusions on possible reforms to the Prospectus Regime in the Companies Ordinance.Sun, 22 Oct 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/12-sfc-guidelines-for-sponsors-and-compliance-advisers-in-force-01-january-2007A summary of the Hong Kong Securities and Futures Commission`s new Sponsor/Compliance Adviser Guidelines. Although these guidelines do not come into force until 01 January 2007, there are a number transitional provisions relevant to different factual circumstances.Tue, 11 Apr 2006 23:00:00 GMThttp://www.elexica.com/en/legal-topics/investment-bank-regulatory/7-sfc-consultation-conclusions-securities-margin-financingOn 07 April 2006, the Hong Kong Securities and Futures Commission released its Consultation Conclusions on the Proposed Measures to Address Risks Arising from Securities Margin Financing.Thu, 06 Apr 2006 23:00:00 GMThttp://www.elexica.com/en/resources/newsletter-listing/oversight/28-oversight-january-2006-possible-reforms-to-the-prospectus-regimeConsultation Paper on Possible Reforms to the Prospectus Regime in the Companies Ordinance.Tue, 28 Feb 2006 00:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/19-hkex-and-sfc-regulation-of-sponsors-and-ifas-listing-rule-amendmentsOn 19 October 2004 The Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission published their (joint) Consultation Conclusions. HKEx has also published amendments to the Main Board and GEM Listing Rules. The Listing Rule amendments take effect on 01 January 2005 (subject to transitional arrangements). These amendments will be of the utmost interest to sponsors and independant financial advisers.Mon, 18 Oct 2004 23:00:00 GMThttp://www.elexica.com/en/legal-topics/corporate-governance-and-compliance/29-sfc-analyst-conflicts-of-interest-handling-of-price-sensitive-informationIn March 2004, the Hong Kong Securities and Futures Commission (SFC) published a consultation paper and a circular, both of which concern analysts.Wed, 28 Apr 2004 23:00:00 GMThttp://www.elexica.com/de-DE/legal-topics/asset-management/20-german-crd-iv-implementation-textMon, 01 Jan 0001 00:00:00 GMT