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Crisis on Wall Street as Lehman totters, Merril is sold and AIG seeks to raise cash
Crisis on Wall Street as Lehman totters, Merril is sold and AIG seeks to raise cash
Wall St Street t wo worries es could ld wr wreak havo voc on ma marke kets ts
Wal all Stre l Street et wo worri rries es cou could ld wr wrea eak k ha havoc voc on on mar markets kets
FTSE SE 10 100 0 fa fall lls s be belo low w 5, 5,00 000
FTSE FTSE 100 100 fal falls ls be below low 5,0 5,000 00
Central banks inject $184bn
Central banks inject $184bn
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MiFID II clarkewillmott.com
Banking Crisis clarkewillmott.com
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Shares, money market instruments, CIS and financial derivatives Investor protection measures for structured deposits Adviser independence Remuneration rules Recording of telephone conversations and electronic communications Costs and charges disclosure Inducements clarkewillmott.com
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Investor protection measures for structured deposits clarkewillmott.com
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Adviser independence “sufficient range of different product providers’ products…prior to making a personal recommendation ” clarkewillmott.com
Adviser independence “sufficient range” “thorough search of the whole market” clarkewillmott.com
Adviser independence FCA independence requirement applies to retail investment products Structured Insurance-based deposits Structured investment Shares products products UCIS Derivatives UCITS Pension Bonds products MiFID II independence standard applies to financial instruments clarkewillmott.com
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Remuneration rules Principle 3 Remuneration code clarkewillmott.com
Remuneration rules “Properly consider if their incentive schemes increase the risk of mis- selling and, if so, how” “review whether their governance and controls are adequate” “take action to address any inadequacies” “where risks cannot be mitigated, take action to change their scheme, and where a reoccurring problem is identified, investigate, take action and pay redress where consumers have suffered detriment” clarkewillmott.com
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Recording of telephone conversations and electronic communications “transactions concluded on own account” “reception, transmission and execution of client orders” “conversations that are intended to result in a transaction” clarkewillmott.com
Costs and charges disclosure clarkewillmott.com
Inducements clarkewillmott.com
Philippa Hann Partner T: 0845 209 1450 E: Philippa.Hann@clarkewillmott.com clarkewillmott.com
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