TCF in the wholesale sector [ June 2008 ] Summary Does TCF apply to firms operating in the wholesale sector? Why does it matter? What should wholesale firms be doing in relation to TCF? FSA publications Where can I find more information on TCF? Appendix 1 Appendix 2 Summary This briefing gives an outline of […]

Bermuda Funds Industry – Welcomes Japanese Retail Investors Andrea Moniz-DeSouza 30 Aug 2012 The Government of Bermuda and the Investment funds industry of Bermuda have re-affirmed their commitment to enhancing the Islands competitiveness as an offshore fund jurisdiction by designing innovative strategies to attract investors to the Bermuda market, most recently targeting Japan.The Investment Funds […]

Castlestone Management Inc products in offshore probe – British Virgin Islands’ financial regulator has asked Grant Thornton to investigate funds managed by firm. Castlestone Management Incorporated has become involved in a regulatory investigation in the British Virgin Islands (BVI) after the watchdog there launched a probe into its funds, Investment Adviser can reveal. The BVI’s […]

JFSC Chief Executive to Fund Services Business – RE Collective Investment Funds (Certified Funds – Prospectuses) (Jersey) Order 2012 The Collective Investment Funds (Certified Funds – Prospectuses) (Jersey) Order 2012 (the “Order”) was made on 17 May 2012 and is due to come into force six months after that date on 17 November 2012. Please […]

FSA fines adviser for unsuitable Ucis sales – The Financial Services Authority fines Patrick Francis O’Donnell of P3 Wealth Management £60,000 after adviser sold Ucis products he “did not understand”. Mr O’Donnell was fined for advising his clients to invest in unregulated collective investment schemes and other non-mainstream investments, when these products were clearly unsuitable. […]

FSA decides to ban and fine hedge fund CEO – The FSA has published a decision notice indicating that it has decided to fine Alberto Micalizzi £3 million and ban him from performing any function in relation to any regulated activity. At the relevant time, Mr Micalizzi was the CEO and director of Dynamic Decisions […]

FSA bans and fines hedge fund chief £3m – Regulator hands out largest fine for an individual in a non market abuse case. – The Financial Services Authority (FSA) has today (29 May) fined Alberto Micalizzi £3m and banned him from performing any role in regulated financial services. At the relevant time, Micalizzi was the […]

The Financial Services Authority (FSA) has been carrying out an investigation into Johnny Cameron, former Executive Director of The Royal Bank of Scotland Group plc (RBS) and former Chairman of Global Markets. Following this investigation Cameron has agreed to settle with the FSA on the basis that he has undertaken to the FSA that he […]