Tyler Woollard

Tyler Woollard is the founder of The Conduct Mind (TCM), a compliance consulting firm founded in 2018. Prior to forming TCM, Tyler was the Global Head of Compliance for ETF Securities.

FCA latest October 2019 policy development update

The Financial Conduct Authority (FCA) has published its latest policy development update, current as of 4 October 2019. The policy development update provides some information on the FCA’s recent and upcoming publications, but should not be regarded as comprehensive.  The update notes that the following publications were issued recently: CP19/27: Quarterly Consultation Paper No 25 Handbook …

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FCA fines Prudential £24m for failures related to non-advised sales of annuities

The Financial Conduct Authority (FCA) has fined the Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of annuities.  Between July 2008 and September 2017, Prudential’s non-advised annuity business focused on selling annuities directly to existing Prudential pension holders. Firms are required to explain to customers that they may get a better …

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The Financial Conduct Authority consults on changes to guidance for closed-ended investment funds

The Financial Conduct Authority (FCA) has issued a guidance consultation (GC19/4) on changes that it proposes to make to the Knowledge Base, its repository of non-handbook commentary that has the status of formal FCA guidance. The FCA proposes to amend its existing technical note on master-feeder structures (FCA/TN/409.1) and add a new technical note on …

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The EU presidency issues note on strategic AML/CFT priorities

The Council of the European Union has published a presidency issues note on the EU’s strategic priorities on anti-money laundering and countering the financing of terrorism (AML/CFT), ahead of the ECOFIN meeting on 10 October 2019. The report highlights a number of issues to be addressed, including: differentiated implementation, with wide national discretion in framing …

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The Bank of England outlines key lessons of the 2018 financial sector cyber simulation exercise

The Bank of England (BoE) has published the high-level findings of the financial sector cyber simulation exercise that took place on 9 November 2018 (SIMEX18). The exercise, commissioned by the Cross Market Operational Resilience Group jointly chaired by the BoE and UK Finance, explored the sector’s resilience to a major cyber incident impacting the UK.  …

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What is a UCITS fund?

The UCITS regime provides a set of common standards applicable across all EU Member States for the operation and cross border promotion of a form of mutual fund called an undertaking for collective investment in transferable securities (UCITS). In the UK, a UCITS fund may be organised as a collective investment scheme (CIS), an open-ended …

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