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.

Some of the key areas of MiFID II/MiFIR for asset managers to consider

Inducements and payment for research Article 24 of MiFID II prohibits investment firms providing portfolio management services, or investment advice on an independent basis, from accepting fees, commission or any monetary or non-monetary benefits from third parties in relation to the provision of services to clients. This includes research.  Research may only be received if …

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Who does MiFID II apply to?

The MiFID II framework applies not only to investment firms, regulated markets, and credit institutions providing investment services, but also to data reporting service providers (Approved Reporting Mechanisms (ARMs), Approved Publication Arrangements (APAs) and Consolidation Tape Providers (CTPs). Some provisions also apply to other types of entities including central counterparties (CCPs), benchmark providers, members and …

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ESMA updates MiFID II/MiFIR transparency and market structures Q&As

The European Securities and Markets Authority (ESMA) has updated its Q&As on transparency and market structures issues under the Market in Financial Instruments Directive (EU) 2014/65/EU (MiFID II) and Regulation (EU) 600/2014 (MiFIR). Source: https://www.esma.europa.eu/press-news/esma-news/esma-updates-mifid-ii-qas-transparency-and-market-structures-issues

JMLSG guidance published updates for credit unions, asset finance and brokerage services to funds

25 September 20189, the Joint Money Laundering Steering Group (JMLSG) received Treasury ministerial approval of its sectoral guidance material on Sector 4 (Credit unions), Sector 12 (Asset finance) and Sector 20 (Brokerage services to funds). The sectoral guidance makes up Part II of the JMLSG guidance for the UK financial sector, ‘Prevention of money laundering/combating terrorist …

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FCA publishes PS19/25: Overdraft pricing and competition remedies

The Financial Conduct Authority (FCA) has published policy statement PS19/25: Overdraft pricing and competition remedies. This follows the FCA’s publication of the Overdraft pricing policy statement (PS19/16), which made rule changes to the way banks and building societies charge for overdrafts; the FCA’s consultation paper CP19/18, which set out the FCA’s proposals on further rules relating …

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TISA publishes new SM&CR guide for FCA solo-regulated firms

The Investing and Saving Alliance (TISA) working group on the Senior Manager & Certification Regime (SM&CR) has published a guide for solo-regulated firms in advance of the SM&CR extension. TISA does not consider that industry is ready to take the SM&CR into business as usual (BAU) and has therefore published the guide entitled ‘Don’t let …

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