ESMA consults on MiFID II
The European Securities and Markets Authority (ESMA) has begun consulting the financial industry on its proposal that adviser standards should be set by individual national authorities under MiFID II.
The European Securities and Markets Authority (ESMA) has begun consulting the financial industry on its proposal that adviser standards should be set by individual national authorities under MiFID II.
The Investment Association has issued a list of core principles that should be followed by money managers to maintain client confidence.
The tax affairs of individuals with rapidly rising wealth are to come under more intense scrutiny by HM Revenue & Customs.
A service to help Swiss asset management firms comply with new rules introduced by the Swiss Financial Market Supervisory Authority has been launched.
Australia’s corporate and financial service regulator ASIC has ordered the Commonwealth Bank to contact up to 2,740 customers and give them A$5,000 for an independent review of their financial position after they received poor advice.
UK families are facing average inheritance tax bills of up to £130K; according to research from Canada Life International; highlighting the need for more planning to reduce the liability.
Contrary to concerns from an association of IFAs which claimed regulatory reforms in Hong Kong will cause “collateral damage”, one expert has argued these changes are “long overdue” and the industry will eventually recover.
Australia’s corporate, markets and financial services regulator said it is investigating multiple instances of financial services firms charging clients for advice where it was not provided.
The Italian Ministry of Finance has taken Guernsey off its revised tax blacklist of tax havens as a result of improved standards on exchanging tax information.
New laws designed to protect homes from being seized by Cypriot banks are set to be passed in Cyprus following months of delays.
The chairman of Hong Kong’s Independent Financial Advisors Association has said the industry will suffer “collateral damage” in the first half of 2015 due to the over-ambitious time frame of regulatory reforms.
Some commentators were prompted to say that the election battle began in earnest earlier this week, with Ed Miliband’s announcement Labour will do away with the rules which provide for the remittance basis of taxation in the UK.