Financial Services Europe and International Update

December 10, 2010

The latest edition of Financial Services Europe and International Update from Dechert’s Financial Services Practice covers the following regulatory developments:

EU Regulatory Developments

  • Corporate Governance in Financial Institutions: Commission Feedback Statement
  • Packaged Retail Investment Products: Commission Consultation
  • Insurance Mediation Directive: Commission Consultation
  • KIDs for All Packaged Investments
  • European Commission Recommends Amendments to EU Anti-Money Laundering Legislation
  • Short Selling Measures
  • AIFM Directive Level 2 Measures
  • Issues for EU Firms Arising from the US Dodd-Frank Act
  • Other EU Developments

UK Regulatory Developments

  • UK Government Determines to Take Criminal Prosecution Away from CPMA in the Medium Term
  • HMRC’s Statement on Equalisation in Offshore Funds
  • FSA Guidance Consultation on Senior Asset and Liability Management Committee Practices
  • Policy Change on Disclosure of Bank Executives’ Remuneration
  • Additional Draft Legislation on the Collection of the Bank Levy
  • Derivatives Risk Management Procedures
  • Stop Press - MiFID Review: Commission Could Directly Ban ‘Products, Practices or Operations’ under Proposed New Powers