Financial Services Europe and International Update

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

Read more.