Briefing

Welcome to the combined June and July 2011 edition of Financial Services Briefing.

Included in this edition are the following articles:

In Part I is an update by Patrick Tolhurst and Grania Baird on the Bribery Act 2000

In Part II is an article by Martin Day and Grania Baird on the European Union's Packaged Investment Products (PRIPS) initiative.

In Part III Martin Day contributes an article on HM Treasury's latest proposals for reforming the UK's financial regulatory system.

In Part IV is an article by Adam Carvalho on recent decisions in two joined cases in trust law in the Court of Appeal that have important implications for investment managers and advisers who have trustees amongst their customers.

In Part V is an article by Martin Day and Grania Baird which examines how the Alternative Investment Fund Managers Directive may impact on real estate investment businesses.

Finally, Part VI contains our update on recent selected UK, EU and international regulatory developments of interest principally in the investment funds and asset management and private banking sectors.

We hope you find this briefing useful.