The retail distribution review (RDR) has been undertaken against the background of an approach to regulating market conduct in the financial sector. The RDR is linked to the Financial Sector Regulation Bill (or otherwise known as the Twin Peaks Model to Financial Regulation) tabled before parliament on 27 October 2015. Despite the FSB specifically stating … Continue reading
From 1 April 2015 hedge funds became collective investments schemes and are now regulated by the Collective Investment Schemes Control Act 2002 (CISCA) and the newly published “Determination on the requirements for hedge funds” published in Board Notice 52 of 2015 by the FSB on 6 March 2015 (as amended) (HF Regulations). Hedge funds are … Continue reading