UK:
AFM Publishes Rules On The Mandatory Exemption Notice
12 July 2011
De Brauw Blackstone Westbroek N.V.
To print this article, all you need is to be registered or login on Mondaq.com.
The AFM has drawn up rules on the use of the mandatory exemption
notice. From 1 January 2012, the text for the notice should read:
"Attention! This investment falls outside AFM supervision. No
licence required for this activity", or "Attention! This
investment falls outside AFM supervision. No prospectus required
for this activity." The text must be followed by a standard
drawing of a person thinking, with a question mark next to him.
The AFM has also released the new text of the Further Regulation
on Conduct of Business Supervision of Financial Undertakings. This
regulation outlines how the notice should be used and where it
should be placed, e.g. in advertising and other information
materials. The Further Regulation will take effect later this
year.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
Regulation Round Up
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
FCA To Permit Research Bundling
Akin Gump Strauss Hauer & Feld LLP
The Financial Conduct Authority (FCA) is seeking views on proposed rules that would allow asset managers to opt for bundled payments for third-party investment research, reversing a significant aspect of the UK's implementation of research rules under the Markets in Financial Instruments Directive (MiFID II).