Locations
12 October 2017
Regulatory alert for military charities
The Charity Commission issues an alert to recently registered charities that support veterans. It reminds trustees of the importance of:
• ensuring they are safeguarding people in their care
• complying with their legal trustee duties when carrying out and overseeing their charity’s fundraising.
The Charity Commission
10 October 2017
Charity registration response times
The Charity Commission says that its registration team is currently experiencing extremely high demand for its services.
The Charity Commission
10 October 2017
MiFID II – Legal Entity Identifier (LEI) update
The Financial Conduct Authority provides an update on LEI.
A LEI is a unique identifier for persons that are legal entities or structures including companies, charities and trusts. From 3 January 2018 firms subject to MiFID II transaction reporting obligations will not be able to execute a trade on behalf of a client who is eligible for a LEI and does not have one.
Financial Conduct Authority
It has come to the attention of Fieldfisher that a number of fund managers are sending out letters telling charitable trusts that they have to apply for a LEI both initially and annually, but this is contrary to advice obtained from the Financial Conduct Authority that after the initial application for an LEI annual applications are not needed.
5 October 2017
Fundraising Regulator publishes Code Consultation on Data Protection
The Fundraising Regulator announces the opening of a Code Consultation on Data Protection.
Fundraising Regulator
3 October 2017
MoU signed by Fundraising Regulator and the Charity Commission Northern Ireland
The Fundraising Regulator and Charity Commission for Northern Ireland sign a Memorandum of Understanding.
Fundraising Regulator