03/08/2022
Recent statements by Binance and Eqonex Limited
The FCA can take steps to suspend or cancel the registration of a cryptoasset business if it is not satisfied the firm or its beneficial owner is fit and proper.
Legal, Regulation & Compliance
03/08/2022
FCA publishes letter on Amigo's Scheme of Arrangement proposal
Since Amigo Loans’ last proposed Scheme of Arrangement was rejected by the High Court, the FCA has continued to engage with the firm and seek to get a better, fairer deal for Amigo’s customers due redress.
03/08/2022
Financial Services and Banking News
The Regulations enter into force on the twentieth day (23 March 2022) following its publication in the OJ.
03/08/2022
Beneficial ownership register for overseas owners of UK Land
The plans had been on ice since 2018
03/08/2022
Ensuring UK landfill tax continues to meet its environmental objectives
Wet size-screening actively encourages the recycling of a significant proportion of material which would otherwise be destined for landfill.
03/08/2022
Financial Regulation: Daily Update
The FCA also confirmed that the firm could, subject to meeting certain conditions, resume lending if the Scheme is sanctioned by the court.
03/08/2022
Investors told to expect big changes to UK prospectus regime
The proposed reforms will also make it easier for unlisted public companies to offer their securities to the public
03/07/2022
Financial Regulation: Daily Update
The documents aim to mitigate the limited risk of data truncation in CHAPS that will occur between November 2022 and April 2023.
03/06/2022
Register of Overseas Entities that own UK land
Failure to comply with the registration requirements will affect an overseas entity’s ability to buy and sell UK land, and to create a charge over land.
03/06/2022
TMF Group exits Russian clients
As parties are added to sanction lists, TMF Group immediately suspends any service to them, pending a discussion with the relevant regulator and a process to determine the appropriate course of action.
03/06/2022
Former Redcentric CFO sentenced to five and a half years imprisonment
When the true position was revealed, shareholders suffered immediate losses in the value of their shares.
03/06/2022
Belgium flexes its AML and regulatory muscle on crypto-service providers
Belgium partially transposed the 5th AML Directive into the Belgian AML Act by way of an act dated 20 July 2020.
03/06/2022
Law modernising the Luxembourg 2004 securitisation law
The Law contains some targeted adaptations to the securitisation regime under the 2004 Law with the aim to clarify certain elements to enhance legal certainty and to ensure continuing flexibility of the Luxembourg securitisation regime adequate for the ma
03/04/2022
FCA taking assertive action to tackle harm in the consumer investments market
The FCA has also revealed that over six months, it opened over 300 cases relating to possible cryptoasset businesses not registered with the FCA
03/04/2022
FCA cracks down on potential crypto scammers
There have been record levels of crypto scams over the last year. This is how the UK’s financial watchdog is responding.
03/04/2022
Where next for UK Market Structure
Speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy and Wholesale Supervision at the FCA
03/04/2022
A Bit too insecure
Tulip, a Seychelles incorporated company, whose ultimate beneficial owner claims to have created Bitcoin under the pseudonym “Satoshi Nakamoto”, was ordered to pay security for costs.
03/04/2022
BlackRock suspends investment in Russia securities
0.01% of client assets now
03/04/2022
Two advice firms fail as one faces 'majority' BSPS claims
So far, the FSCS has paid out more than £36.5mn in compensation to BSPS members as of January 25.
03/04/2022
JCT insolvency ruling: time limit on termination not condition precedent
The court noted that there was no previous authority for this ’creditor vs creditor’ challenge.