News
Below you will find a range of published articles which I hope you find of interest. You may also be interested in obtaining a copy of a book of which Anthony Smith is one of the co-authors through the link below. A topical news item will be added on a regular basis and I am more than happy to receive contributions via our Contact Page.
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News articles for August 2011
3 items found
Capital returns
Published: August 2011
By: Anthony Smith
The FSA focus on capital returns has highlighted potential errors in the way capital has been created in firms and the use of hybrid capital from preference shares. Have your Articles of Association been updated to take account of GENPRU? Well the changes in January 2007 may already take preference shares out of the equation and the latest changes with effect from 31 December 2011 means that no new hybrid capital is allowed and new preference shares cannot be counted as tier 1 capital without signifcant changes to the Articles of Association.....
Read More...CASS
Published: August 2011
By: Anthony Smith
CASS compliance has become a fear factor in many firms with the numerous fines dished out by the FSA. The requirements to submit a CMAR and appoint a CF10a create a number of challenges.
A good CASS governance structure is very important that addresses all the governance requirements necessary to ensure things do not slip when strategic or external change comes along. There is much to consider and often the CASS obligations of a firm sit at the heart of its operational structure.....
Read More...Platforms the Future
Published: August 2011
By: Anthony Smith
The head long rush into platform technology has been taken on by the life companies wishing to continue doing business post RDR as well as taken on enthusiastically by the wealth managers. AJS Consultancy Services has been at the heart of these developments creating new investment companies for life insurers and processing their Part IV applications as well as working with the leading platform provider on delivering compliant solutions.....
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