Regions
Best Practice | 2 Sep 16
Easier for UK advice firms to get corporate chartered status
UK financial advice firms applying for corporate chartered financial planner status from the Chartered Insurance Institute (CII) can face an easier time than their overseas counterparts.
MEPs reject ‘misleading’ Priips rules, may push back start date
A key committee in the European Parliament has rejected the proposed technical standards regulation for the EU’s Packaged Retail and Insurance-based Investment Products (Priips), paving the way for a possible delay to its implementation.
US bankruptcy court hears of Providence problems
A US bankruptcy court hearing into Providence Financial Investments, the Miami-based parent of Providence Global which was wound up in Guernsey last month, was told by the firm’s chief restructuring officer, who examined the books, that “nothing in this company is working”.
Best Practice | 1 Sep 16
FCA bans and fines adviser who lied about her qualifications
The Financial Conduct Authority (FCA) has banned Elizabeth Anne Parry from performing any function in relation to any regulated financial activity and fined her £109,400 ($143,419, €128,657) for repeatedly lying about her qualification status.
Multi Asset | 1 Sep 16
WMA ditches FTSE in favour of MSCI
The Wealth Management Association has struck a deal with MSCI to provide a series of indices, replacing FTSE as its indexing partner.