Category Archives: FCA
Singularis v Daiwa: Supreme Court Judgment A case with “far-reaching implications” (FT) Oliver Lodge as Expert Witness
Despite limited press attention, the Supreme Court judgment delivered in late October in the case of Singularis v Daiwa should be of considerable interest and concern to regulated financial services firms in this country. The case began three years earlier …
Click here to read the rest of this entry
Tagged in: Al Sanea, Attribution, CASS, Client money, Client Payments, Daiwa, Doubtful solvency, Expert Wtiness, FCA, Financial Crime, Liability, Oliver Lodge, Risk, Singularis, Supreme Court, Suspicious instructions
A Liking for Liquid Assets
Despite Brexit, the FCA continues to supervise the financial services industry and even to take stock of the appropriateness of the obligations that it imposes. In fact, something approaching normal life continues. As Andrew Bailey keeps on saying, financial services …
Click here to read the rest of this entry
D-Day for Independent Directors
Independent Directors must now be in place at all authorised fund managers (AFMs). They must comprise at least 25% of the Board, subject to a minimum of two. There can be no doubt that FCA will: Check to see that …
Click here to read the rest of this entry