Final FCA rules banning promotion of UCIS and close
substitutes to retail clients
Join us for a conference call on 10 June
2013 considering the substance of the final
FCA rules issued on 04 June 2013 and their
potential impact.
On Tuesday 04 June 2013 the Financial Conduct Authority (FCA) published a policy statement on rule changes which will introduce a
ban on the promotion of unregulated collective investment schemes (UCIS) and so called “close substitutes” (including certain SPV
issued notes) to the majority of retail clients.
The rule changes are designed to address concerns by the FCA’s predecessor, the FSA, that the majority of retail promotions and sales
of UCIS and related products fail to meet the relevant requirements and are exposing ordinary investors to significant potential detriment.
They are the result of a consultation launched by the FSA in August 2012 in Consultation Paper 12/19.
Participation in this conference call will provide 30 minutes of unaccredited training for CPD purposes
This event requires registration. Please see contact details below.
Event contact
Nancy Evans
Business Development Manager
T +44 20 7825 3258 or
E [email protected]
Event details
Date
10 June 2013
Time
12:30 to 13:00
GMT+01:00
Venue
Type
Presenter / Speaker
Penny Miller
Partner, Simmons & Simmons
Conference Call
Nicholas Colston
Partner, Simmons & Simmons
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