The pace of regulatory developments remained unabated in May, with important consultations on the Capital Requirements Directive (CRD IV), particularly examining how to define material risk takers, which may great expand the definition of which employees are subject to the new remuneration cap introduced in CRD IV. In other news from May:
Related to MiFID II and its new proposals, this month’s feature article focuses on high frequency trading and how it is regulated.
The way to read the document is to review the Table of Contents (page 2), click the relevant Sector section to identify the news of interest and then to directly go to the topic/article of interest by clicking in the active links within the Sector's table of contents.
The key to managing the continuous regulatory and accounting developments is understanding your requirements and assessing how this will affect you in the Channel Islands. Your PwC Channel Islands local contacts would be delighted to discuss how these developments could affect you.
Previous Being Better Informed editions: