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Published articles 2014

Fund Strategy 

FATCA – the countdown is over

FATCA finally arrives on 1 July 2014. From that date funds and other financial institutions, such as banks, custodians, and insurance companies, will have to maintain a record of the tax residence of their investors or clients. 

Jorge Morley-Smith, Director, Tax
July 2014



Money Marketing

MiFID II: Europe’s answer to RDR 

In the UK, the first stage of RDR is one-and-a-half years old but across Europe, others have been watching and planning. 

Mike Gould, Senior Adviser, Retail Distribution
June 2014


 

Money Marketing

Axing double stamp duty is long overdue 

I have campaigned tirelessly for the abolition of a double tax hit on fund investors.  This month, it was abolished.  

Julie Patterson, Director, Regulatory Affairs
(Investment Funds and Retail)
April 2014 


Fund Strategy

How EU Libor regulation may limit the options for investment managers

The manipulation of the Libor indices by banks submitting erroneous data has cast a shadow over all indices. 

Adrian Hood, Adviser, Regulation
March 2014 


Investment Adviser

European Rules are on their way

A number of pieces of European legislation are coming together that will impact how investment products are sold to retail clients and what information has to be provided at the point of sale.

Mike Gould, Senior Adviser, Retail Distribution
March 2014

 


Money Marketing

The way forward on dealing commission

Last week, the IMA along with other stakeholders, responded to the FCA’s consultation on payments for investment research.  The consultation marks an important development of the regulatory rulebook, reflecting an evolution of the regulator’s views on the subject.

Daniel Godfrey, Chief Executive
January 2014


 

Fund Strategy

Regulation: Triple whammy

UCITS were the only EU-regulated product for 25 years.  Even the AIFMD regulates managers rather than the funds themselves.  But we now have two new EU fund regimes and a third proposed. 

Julie Patterson, Director, Regulatory Affairs
(Investment Funds and Retail)
February 2014

 


Portfolio Adviser

Classifying a large universe for consumers and advisers

The universe of investments funds that are authorised for sale to UK investors is extensive. In the IMA sectors, there are over 3,000 funds – which includes both UK and offshore domiciled funds (i.e. UCITS funds marketed in the UK but domiciled elsewhere). 

Nicola Kembey, Head of Sectors
January 2014

 


Money Marketing and Fundweb

The corrosie issue of hidden costs

Everyone I know reported that they had a wonderful break over Christmas.  Even though the issues we face haven’t gone away, it’s great to have the opportunity to take a step back and look at them with renewed strength and a fresh perspective.

Daniel Godfrey, Chief Executive
January 2014


 

Fund Strategy

Fund domicile: changing choices

Since the 1990s, the primary fund domicile within Europe has been Luxembourg.  But over the last decade it has had stiff competition from Ireland, which has expanded from virtually zero to being number two, ahead of France, Germany and the UK. 

Julie Patterson, Director, Regulatory Affairs
(Investment Funds and Retail)
January 2014

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