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Policy papers

This section contains responses to consultation documents issued by key relevant regulatory authorities including UK, EU, Guernsey, Jersey and other international authorities, as well as papers setting out our views on key issues affecting the financial services sector.

The latest papers are listed below:

10 Jun 2010
Guernsey company law - consultation response (PDF 38 KB) Consultation responses
The AIC has responded to the States of Guernsey's consultation on proposed changes to The Companies (Guernsey) Law 2008.
08 Jun 2010
Changes to the regulatory regime for Jersey directors - consultation response (PDF 18 KB) Consultation responses
The AIC has responded to the Jersey Financial Services Commission's consultation on propsed changes to the regulatory regime for Jersey directors.
28 May 2010
Retail distribution review - platforms (PDF 50 KB) Consultation responses
The AIC's response to the Financial Services Authority's consultation on platforms as part of the Retail Distribution Review.
23 Mar 2010
Stewardship Code - consultation response (PDF 52 KB) Consultation responses
The AIC's response to the Financial Reporting Council's consultation on a Stewardship Code for institutional investors.
22 Mar 2010
Higgs guidance on board effectiveness - consultation response (PDF 22 KB) Consultation responses
The AIC's response to the ICSA's review of the Higgs Guidance on board effectiveness.
11 Mar 2010
New investment condition for VCTs - consultation response (PDF 26 KB) Consultation responses
The AIC's response to HMRC's consultation on a proposed new invsetment condition for VCTs.
10 Mar 2010
Supporting enterprise and growth: the role of Venture Capital Trusts (PDF 220 KB) Other submissions
AIC research demonstrating the economic benefits provided by VCT investment.
01 Mar 2010
Revised UK Corporate Governance Code - consultation response (PDF 43 KB) Consultation responses
The AIC's response to the Financial Reporting Council's consultation on the revised UK Corporate Governance Code.
09 Feb 2010
Guernsey Code of Corporate Governance - consultation response (PDF 42 KB) Consultation responses
The AIC's response to the Guernsey Financial Services Commission's consultation of its draft Code of Corporate Governance.
05 Feb 2010
The future of UK GAAP - consultation response (PDF 29 KB) Consultation responses
The AIC's response to the Accounting Standard Board's consultation on the future of UK GAAP.
29 Jan 2010
VCT rule changes on eligible shares - consultation response (PDF 28 KB) Consultation responses
The AIC's response to HMRC's consultation on proposed amendments to the VCT rules on eligible shares.
12 Jan 2010
Listing Regime (CP 09/28) - consultation response (PDF 33 KB) Consultation responses
The AIC's response to the FSA's consultation on changes to the listing categories consequent to CP 09/24.
30 Nov 2009
Listing Regime (CP 09/24) - consultation response (PDF 18 KB) Consultation responses
The AIC's response to the FSA's consultation on the Listing Regime (further minor consultation).
12 Nov 2009
Retail distribution review - consultation response (PDF 53 KB) Consultation responses
The AIC's response to the FSA's consultation on the distribution of retail investments (consultation paper 09/18).
06 Nov 2009
AIFM Directive - QandA paper (updated) (PDF 42 KB) Other submissions
The AIC has updated its question and answers paper on the impact on investment companies of the Alternative Investment Fund Managers (AIFM) Directive.
28 Sep 2009
Lords Select Committee inquiry into AIFM Directive (PDF 57 KB) Other submissions
The AIC has submitted written evidence to the House of Lords European Union Committee on the Alternative Investment Fund Managers Directive.
18 Sep 2009
Combined Code (second consultation) - consultation response (PDF 74 KB) Consultation responses
The AIC's response to the Financial Reporting Council's second consultation on the effectiveness of the Combined Code of Corporate Governance.
17 Sep 2009
UCITS depositary function - consultation response (PDF 25 KB) Consultation responses
The AIC's response to the European Commission's consultation on depositary arrangements for UCITS funds.
07 Sep 2009
Walker review - consultation response (PDF 47 KB) Consultation responses
The AIC's response to the review of corporate governance in UK banks and other financial industry entities ('Walker Review').
27 Aug 2009
IASB's exposure draft on derecognition - consultation response (PDF 26 KB) Consultation responses
The AIC's response to the International Accounting Standard Board's Exposure Draft on derecognition (ED/2009/3).
23 Jul 2009
Rowlands Growth Capital Review (PDF 96 KB) Consultation responses
The AIC’s response to a call for evidence on an the independent review being undertaken for the Department for Business, Innovation and Skills by Christopher Rowlands.
02 Jul 2009
Market Abuse Directive - consultation response (PDF 38 KB) Consultation responses
The AIC's response to the European Commission's review of the Market Abuse Directive.
11 Jun 2009
Combined Code - consultation response (PDF 43 KB) Consultation responses
The AIC's response to the Financial Reporting Council's call for evidence on the effectiveness of the Combined Code.
08 Jun 2009
Review of British offshore financial centres - consultation response (PDF 59 KB) Consultation responses
The AIC's response to the independent review of British offshore financial cetnres commissioned by the UK Government and led by Michael Foot.
05 Jun 2009
ISC paper on improving institutional investors' role in governance (PDF 64 KB) Other submissions
The Institutional Shareholders' Committee, of which the AIC is a member, has published a series of proposals designed to make engagement by investors more effective.
12 May 2009
Short selling - consultation response (PDF 41 KB) Consultation responses
The AIC's response to the FSA's consultation on short selling.
05 May 2009
IOSCO consultation on hedge fund regulation - consultation response (PDF 42 KB) Consultation responses
The AIC's response to the International Organization of Securities Commissions (IOSCO) consultation on the future oversight of hedge funds.
26 Mar 2009
IASC Foundation Constitution Review - consultation response 2 (PDF 29 KB) Consultation responses
The AIC's response to Part 2 of the review by the Trustees of the International Accounting Standard's Committee of the IASC constitution.
24 Mar 2009
ED 10 Consolidated Financial Statements - consultation response (PDF 32 KB) Consultation responses
The AIC's response to the International Accounting Standards Board's consultation on consolidation - Exposure Draft 10 'Consolidated Financial Statements'.
10 Mar 2009
Prospectus Directive - consultation response (PDF 49 KB) Consultation responses
The AIC's reponse to the European Commission's review of the Prospectus Directive.
02 Mar 2009
Market segmentation - consultation response (PDF 37 KB) Consultation responses
The AIC responds to the FSA's consultation on the review of the structure of the listing regime.
19 Feb 2009
Offshore funds - consultation response (PDF 52 KB) Consultation responses
The AIC's response to HM Treasury's consultation on reform of the offshore funds regime.
19 Feb 2009
Proposed regulations for tax reforms for investment trust companies - consultation response (PDF 26 KB) Consultation responses
The AIC's response to HM Treasury's consultation on the proposed regulations to reform the tax rules to allow investment trust companies to invest tax-efficiently in bonds and other interest-bearing securities.
09 Feb 2009
AiM rules for investing companies - consultation response (PDF 50 KB) Consultation responses
The AIC's response on the proposed new rules for investing companies traded on AiM.
05 Feb 2009
Review of hedge fund regulation - consultation response (PDF 37 KB) Consultation responses
The AIC's response to the European Commission's review of hedge fund regulation.
30 Jan 2009
Shareholders' rights- consultation response (PDF 30 KB) Consultation responses
The AIC's response to the Department of BERR's consultation document on the implementation of the EU Directive on the exercise of certain rights of shareholders in listed companies.
19 Dec 2008
Disclosure of Contracts for Difference - consultation response (PDF 28 KB) Consultation responses
The AIC's response to the FSA's consultation paper on the disclosure of contracts for difference.
01 Dec 2008
Reponse to Rasmussen and Lehne reports on private equity and hedge funds (PDF 43 KB) Other submissions
The AIC has submitted a paper to the European Commission in preparation for its formal response to the Rasmussen and Lehne reports on private equity and hedge funds
03 Oct 2008
Tax reforms for investment trust companies (PDF 35 KB) Consultation responses
The AIC's response to HM Treasury's proposals to reform the tax rules to allow investment trust companies to invest tax-efficiently in bonds and other interest-bearing securities.
04 Sep 2008
IASC Foundation Constitution Review (PDF 54 KB) Consultation responses
The AIC's response to the review by the Trustees of the International Accounting Standard's Committee of the IASC constitution.
06 Jun 2008
Smith Guidance on audit committees (PDF 28 KB) Consultation responses
The AIC's response to the FRC's consultation on proposed changes to the Smith Guidance on audit committees.
06 May 2008
Maximising the economic impact of VCTs (PDF 34 KB) Other submissions
A paper exploring how VCTs could be allowed to use funds raised from the re-sale of shares they have bought back and held ‘in- treasury’ in a more flexible manner, which should enable them to support the UK’s small business sector more effectively.
22 Apr 2008
FSMA Market Abuse regime:a review of the sunset clauses (PDF 16 KB) Consultation responses
The AIC's response to HM Treasury's consultation on the FSMA market abuse regime.
15 Apr 2008
Structure of the Listing Regime (PDF 73 KB) Consultation responses
The AIC's response to the FSA's discussion paper on the Structure of the Listing Regime.
08 Jan 2008
Treasury Select Committee inquiry into Private Equity (PDF 20 KB) Other submissions
The AIC's submission to the Treasury Select Committee inquiry into private equity.
23 Oct 2007
Simplifying the Business Environment for Companies (PDF 35 KB) Consultation responses
The AIC's response to the Department for Business Enterprise and Regulatory Reform consultation on Simplifying the Business Environment for Companies.
09 Oct 2007
Walker Review (PDF 50 KB) Consultation responses
The AIC's response to the Walker Review consultation on disclosure and transparency in private equity.
20 Sep 2007
Investment Entities Listing Review (PDF 74 KB) Consultation responses
The AIC's response to the FSA consultation on the Investment Entities Listing Review.

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