Financial Services Europe and International Update

December 29, 2011

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

European Union and International Regulatory Developments

  • Proposed EU Financial Transaction Tax: An Update
  • Further Commission Proposals on Credit Rating Agencies
  • ESMA’s Final Advice to the European Commission on the AIFM Directive’s Implementation Measures
  • European Commission to Water Down Accountancy Profession Reforms and Publication of Proposals to Reform Statutory Audits
  • Short Selling: European Parliament Resolution on Proposed Regulation
  • MiFID: European Parliament Hearing and Consultation
  • Venture Capital: Commission Proposal to Ease Access to Credit for SMEs
  • The European Commission’s Social Entrepreneurship Funds Legislative Proposal
  • EBA Announcement on Additional Capital

UK Regulatory Developments

  • FSA Consultation Papers on Distribution of Retail Investments
  • FSA Consultation Paper on Accredited Bodies Under the RDR
  • HMRC ISA Bulletin 39: Bulk Transfers/ISA Guidance Notes
  • The New UK Investment Trust Company Tax Regime: Final Regulations
  • Parliamentary Bill to Implement the ICB’s Recommendations
  • FSA Consultation on Permitted Links
  • FMLC Final Response to HM Treasury June 2011 Consultation on New UK Regulatory Structure
  • Legislation for a Protected Cell Regime for OEICs
  • Draft Finance Bill 2012 Clauses
  • The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2011
  • FSA Consultation on Updated Guidance on Distributor-Influenced Funds
  • The Non-Investment Products Code
  • Autumn Statement 2011: Financial Services Implications
  • KIID: Supplementary Information