Tax & Regulation
ESMA unveils guidelines to improve cross-selling practices
The European Securities and Markets Authority (ESMA) has published its guidelines on cross-selling products under MiFID II aimed at improving the treatment of investors when an investment firm offers two or more financial products or services as part of a package.
Tax & Regulation | 22 Dec 15
‘Unhelpful’ advice labels should be reviewed – OMW
Old Mutual calls for the UK government to find ways to decrease the wealth management industry’s regulatory burden, in response to the Financial Advice Market Review.
Middle East | 21 Dec 15
Dubai’s DFSA orders MAS ClearSight to pay investor compensation
The Dubai Financial Services Authority (DFSA) has censured investment banking advisory firm MAS ClearSight and directed it to pay compensation of $3.2m (£2.1m, AED12m) to 20 investors for contravening the DFSA’s law and rules.
Tax & Regulation | 21 Dec 15
IFA and accountant jailed in UK for film tax fraud
An accountant and an independent financial adviser have been jailed in the UK following their conviction for attempting to steal millions in a tax fraud linked to the film industry.
Tax & Regulation | 17 Dec 15
Experts warn of new rules crackdown by HMRC
Experts are predicting a significant hike in HM Revenue & Customs penalties as it turns the spotlight on undeclared financial accounts after 1 January next year.