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ESMA prohibits binary options and restricts CFDs to protect retail investors

ESMA has announced a ban on the provision of binary options to retail investors in the EU and placed restrictions on the provision of contracts for differences, including rolling spot forex and financial spread bets, to retail investors in the EU. The FCA supports ESMA’s application of EU-wide temporary product intervention measures and expects to consult on whether to apply these measures on a permanent basis.

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UK PRIIPs Regulation published – KIDs required 1 January 2018

The PRIIPs Regulation requires those manufacturing a packaged retail and insurance-based investment product (“PRIIP”) to draw up a key information document ("KID") containing standard information, and requires persons advising on or selling PRIIPs to provide the KID to retail investors, with effect from 1 January 2018.

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GRC Issues

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Brexit and Fund Managers

Alternative Investment Fund Managers (AIFMs) and MiFID firms need to consider the impact that Brexit will have on their business in the light of recent opinion issued by ESMA to relevant EU national regulators.

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Redundancy, dear Watson

In a move which reflects a lot of recent predictions, one Japanese insurance company has replaced a number of claims processing staff with an artificial intelligence system.

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Oops, Wrong Recipient

The ramifications of sending an email to the wrong person are sometimes far worse than simply embarrassing.

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Brexit and Article 50

A useful summary of the Article 50 situation “in less than 500 words” prepared by Chris Finney of Cooley LLP

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