In a vote held earlier today members of the Association of Private Client Investment Managers and St...
In a vote held earlier today members of the Association of Private Client Investment Managers and Stockbrokers, APCIMS, unanimously voted in favour of merging with the European Association of Securities Dealers, EASD.
EASD members voted last month in favour of the merger.
The new association will retain the APCIMS-EADS name until a new one is chosen, and current APCIMS chief executive Angela Knight will hold the same position in the unified organisation.
APCIMS sees the move as significant as it enables lobbying efforts in Brussels to be stepped up.
It cites last week's EU parliament decision to exempt companies worth less than €350m from having to follow new rules on prospectuses as evidence that pan-EU lobbying efforts are paying off - APCIMS lobbied hard along with UK smaller companies against the extra cost the new rules would have imposed.
Following today's vote, Angela Knight is expected to continue visiting major European financial centres such as Milan and Madrid in order to promote APCIMS-EASD, and encourage efforts to sustain and boost membership.
Today's vote also means that efforts to prepare committees covering various issues - regulation, European harmonisation, tax and legal issues, corporate governance, shareholder rights, investor relations, new markets, primary markets, clearing and settlement, wealth management, high volume and secondary markets, and derivatives - will continue.
No preferred charging model
To 1,552 families and businesses
HL and Liberty SIPP slowest
Lifetime and annual allowances