FCA endorses move to T+2 for funds that currently settle at T+3 or T+4
Industry committee to lead technical work on transition to faster settlement
Exchange overpromised, under-delivered on clearing system replacement
Industry stakeholders saw no benefit in proposed change to ITM rules
Phase-in period extended
Tax-sheltered gifting arrangements subjected to audits
Firms must now establish, maintain and enforce policies and procedures designed to achieve matching of institutional trades on the day the trade was executed
Altamira Inflation-Adjusted Bond Fund
TruCS – Series 2015 will by 4.87% distribution
Target markets are joint-ventures and small-to-medium sized companies