Tax & Regulation
Best Practice | 5 Mar 18
Asset managers pay £34m compensation for closet trackers
The Financial Conduct Authority (FCA) has ordered asset managers to pay investors £34m (€38m, $46.9m) in compensation after overcharging for “closet tracker” funds, in a move described as “hugely positive” for investors.
Jersey regulator warns of fake Aussie investment firm
Jersey residents have been warned to be on guard after an Australian firm pretending to be a regulated investment company went on the prowl.
FCA boss rejects Mifid II enforcement at all costs
FCA chief executive Andrew Bailey has rejected arguments Mifid II rules should be implemented whatever the cost to markets.
Tax haven blacklist trashed by Members of EU Parliament
The heavily criticised EU tax haven blacklist faced further scorn on Thursday, after Members of the European Parliament (MEPs) said it lacks both transparency and credibility.
First batch of UAE tax agents registered
Registered tax agents will soon be working in the UAE for the first time, as the Federal Tax Authority (FTA) has confirmed the first recruits are now fit to operate.