Australia readies new laws on financial adviser standards
The Australian Government closed its consultation period on Monday for new legislation designed to raise education, training and ethical standards for financial advisers.
The Australian Government closed its consultation period on Monday for new legislation designed to raise education, training and ethical standards for financial advisers.
Investor immigration programs have been growing in popularity around the world, while governments have sought to constantly adjust their requirements to the increased demand.
Regulatory change, whether from growing enforcement of existing rules or the emergence of new ones, had a major impact on international life companies and financial advisory businesses in the Gulf during 2015.
The decision by HM Revenue & Customs (HMRC) to drop thousands of Qrops from its list of recognised overseas pension schemes was one of the biggest stories of 2015.
Manufacturers will shoulder the burden when new European rules, which enable consumers to compare retail savings and investment products, come into force on 31 December 2016.
The Qatar Financial Centre (QFC) Regulatory Authority has introduced a new set of Islamic banking regulations and a revised set of its Conduct of Business rules to boost the Gulf nation’s appeal to financial businesses and investors.
The European Securities and Markets Authority (ESMA) has published its guidelines on cross-selling products under MiFID II aimed at improving the treatment of investors when an investment firm offers two or more financial products or services as part of a package.
Old Mutual calls for the UK government to find ways to decrease the wealth management industry’s regulatory burden, in response to the Financial Advice Market Review.
The Dubai Financial Services Authority (DFSA) has censured investment banking advisory firm MAS ClearSight and directed it to pay compensation of $3.2m (£2.1m, AED12m) to 20 investors for contravening the DFSA’s law and rules.
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
Experts are predicting a significant hike in HM Revenue & Customs penalties as it turns the spotlight on undeclared financial accounts after 1 January next year.
Chancellor George Osborne is expected to name the new chief executive of the UK’s Financial Conduct Authority (FCA) within the next few weeks.