Europe
Priips delay welcomed, 2018 start confirmed
The European Commission’s one-year extension to the introduction of key information documents (Kids) for packaged retail and insurance-based investment products (Priips) has been welcomed across the investment sector.
Crown dependencies set out their stall in Brexit talks
Chief ministers of Jersey, Guernsey and the Isle of Man have held the first in a series of meetings with the UK government aimed at setting out their interests in the Brexit negotiations with the European Union.
Sovereign Group cuts fees on Rops
International pensions provider Sovereign Group has removed ‘ad hoc’ transactional fees from all its new and existing recognised overseas pensions scheme (Rops) products.
French prosecutor pursues HSBC in €180bn tax fraud case
A French prosecutor has called for HSBC to stand trial for helping clients hide more than €180bn (£161.3bn, $199.8bn) in offshore tax havens from the country’s tax authorities, French news agency AFP has reported.
Best Practice | 4 Nov 16
European Banking Authority eyes new investment firm rules
The European Banking Authority (EBA) is seeking industry views on setting up a new prudential regime that is specifically tailored to the needs of investment firms.