Overview

This weekly financial services update from Macfarlanes includes:

The European Commission’s consultation paper on the UCITS depositary function and manager remuneration, which was published on 14 December;

The Committee of European Banking Supervisors’ final guidelines on remuneration, which were published on 10 December 2010;

The FSA’s paper outlining its views on working towards effective and confident European Supervisory Authorities, published on 9 December; and

The recent speech given by FSA Chief Executive, Hector Sants, in which he outlined the progress made on the design of the new supervisory approach and on internal preparation for the transition to the new regulatory structure in the second half of 2012.

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