Welcome to the weekly highlights from the Lexis®PSL Corporate team for the week ending 14 October 2016, which provide news updates and a comprehensive list of dates for your diary.This week’s edition features: the FCA’s latest policy development update; the FRC’s guidance on annual reports; ESMA’s new Q&A on investor protection under MiFID II; ESMA’s consultation on MiFID II guidelines on trade halts; ESMA’s updated Q&A on AIFMD; ESMA’s opening statement at the ECON hearing on AIFMD passporting; the BVCA survey looking at economic optimism post-Brexit, business concerns and company perspectives on the EU; and details of the disclosure by the signatories to the Women in Finance Charter of their gender diversity targets. It also includes analysis on the lessons which can be learnt from the Yahoo hack; the Fourth Money Laundering Directive; and the decision in Hosking v Marathon regarding whether a partner's profit share can be subject to forfeiture if the partner has breached his/her fiduciary duties to the partnership.
Equity capital markets—FCAFCA publishes policy development updateThe Financial Conduct Authority (FCA) has published its latest policy development update, which provides information on its recent and upcoming publications, including forthcoming consultations on the revised Markets in Financial Instruments Directive (MiFID II) (Directive 2014/65/EU), the Market Abuse Regulation and pension transfers.The document highlights the following prospective developments: a fourth consultation paper on MiFID II implementation will be published in late 2016; a one-month consultation regarding proposed changes to the FCA Handbook will be launched in Autumn 2016; a three-month consultation on the redress methodology for pension transfers will be launched in Autumn 2016; a three-month consultation on creditworthiness assessments in consumer credit will be launched in November 2016; a two-month consultation on regulatory fees and levies will be launched in November 2016; a three-month consultation on the Financial