Monday 9 September 2013

UK: Financial Conduct Authority quarterly consultation

The Financial Conduct Authority has published its second quarterly consultation paper: see here (pdf). The paper seeks views on a wide range of proposed changes including those relating to the Prospectus Rules (to clarify the timing and method of filing of a prospectus with the FCA) and the rules on reporting suspicious transactions (to ensure consistency between SUP 15.10.2R and SUP 15.10.3R). Guidance is also proposed in respect of the AIFM Remuneration Code (SYSC 19B) following the publication earlier this year of ESMA's guidelines on sound remuneration policies under the Alternative Investment Fund Managers Directive.

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