EU law clamps down on terms of business

Professional Adviser
clock

tax jurisdiction

As the Distance Marketing Directive (DMD) looms near, with European Union nations required to adopt the rules by October 2004, the financial services industry will face tougher terms before they can secure business with clients residing overseas. For financial advisers based in the EU, whose services also fall under the remit of the directive, the headache will reside with the cooling off period that consumers will be entitled to before committing to a contract, and consumers' right to cancel. The Financial Services Authority in the UK has just released a consultation document tackling...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •