Edward Black has joined London-based M.W. Cornish, Solicitors. Black is a Financial Services law and regulation specialist with extensive experience. He is particularly well-known in the commodities and derivatives sectors advising a client base of derivatives and commodities houses, online financial service providers, stockbrokers, capital markets customers, corporate finance houses and investment managers. Black is a New York attorney as well as an English solicitor and has particular experience in dealing with international financial services regulatory matters. He has served on the Compliance Steering Group of the Futures and Options Association and the City of London Law Society Financial Services

Paul Hale and Martin Shah of Simmons & Simmons outline the implications of the Inland Revenue’s discussion paper on the regulated funds regime. Change is one thing, progress another. A recently published Inland Revenue discussion paper is intended to address industry concerns that the UK’s tax system for regulated funds is outdated. One view is that the current system limits the range of activities that may be carried out onshore in a manner that cuts across the FSA’s deregulatory approach set out in the new collective investment scheme sourcebook (COLL). However, whilst the snappily titled "The Tax Implications for Authorised