The MoneyLab Blog

MiFID II rules for investment advisory fees

Posted by Vasiliki Carson, Sapphire Capital on 10-Jan-2018 09:51:53

 

As MiFID II is now in force and compliance with the new regulations is on everyone's minds, entrepreneurs and investors should ensure they understand the rules for Independent Financial Advisor (IFA) charges, particularly with relation to raising capital.

MiFID II aims to ensure that "investment firms act in the best interest of their clients"* by requiring companies to improve governance and business conduct, as well as introducing new supervisory powers at both national and European level. The implementation of the legislation sets out more specific requirements to achieve this goal.

While the rules have changed from MiFID I, few of these changes are new to the UK market, as a lot of the rules were already adopted from the implementation of the FCA's Retail Distribution Review (RDR) in 2012. The RDR effectively brought tighter controls to IFA charges and technical knowledge requirements for independent financial advisors in the UK.

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Topics: Information Memorandum, private equity, Investor Documents, Entrepreneurship

5 key considerations for awarding shares to employees in high growth companies

Posted by Jeremy Glover, Partner at Jurit LLP on 11-May-2017 16:59:47

 

Most successful high growth companies set aside between 10% to 20% of the share capital for key members of the team.  In fact many investors will only want to invest in a company if it offers effective equity ownership to employees.  To do this, you must ask a number of key questions before proceeding.

  • Who should participate?
  • How much should we offer?
  • What will the employees think?
  • How do we do this tax effectively?
  • How do we structure the awards?
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Topics: Entrepreneurship