Tax & Regulation
Middle East | 21 Nov 16
UAE insurance regulator to ban indemnity commissions
Indemnity commissions are to be prohibited under new rules proposed by the UAE’s Insurance Authority which regulates life insurance companies and family takaful businesses.
Tax & Regulation | 18 Nov 16
Sixth person charged in alleged £2.8m boiler room scam
A sixth person has been charged by the Financial Conduct Authority (FCA) for promoting and selling shares through a succession of four boiler room schemes.
Investment | 18 Nov 16
FCA demands ‘all-in’ charge in active management crackdown
The FCA has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.
Ailo slams EU over Priips ‘quick fix’ approach
The trade body representing international life offices has blasted the European Commission’s (EC) handling of the controversial Priips regulation, delayed last week until January 2018.
Best Practice | 17 Nov 16
Offshore firms hit worst by increased compliance demands
Compliance requirements are a greater burden offshore, driving up client charges and forcing some firms to turn away business, research from Step has found.