02/03/2022
Financial Services & Banking News
The draft opinion aims to complement the Commission’s proposal with additional measures to enhance further consumer protection while keeping the right balance with credit providers’ duties.
Legal, Regulation & Compliance
02/03/2022
New approach to enable global leadership of EU standards promoting values and a resilient, green and digital Single Market
This new Strategy aims to strengthen the EU's global competitiveness, to enable a resilient, green and digital economy and to enshrine democratic values in technology applications.
02/03/2022
HM Treasury Proposes Amendments to the UK Financial Promotion Exemptions
The Treasury Select Committee's report on the failure of London Capital & Finance recommended that the exemptions be rethought to ensure greater consumer protection.
02/03/2022
Inflation crisis: Pressure intensifies on European Central Bank to change course
Sky's Ian King says the governing council of the ECB is facing growing calls to signal a tightening of policy as inflation steams ahead at a faster pace than expected.
02/03/2022
EU Court turfs out Maltese bank bid to regain licence
In the detailed European General Court statement, it rejected all 11 of the bank's arguments to overturn out the ECB's decision.
02/03/2022
Transact to trim platform commission charges
The reductions follow the waiver of the £20 quarterly wrapper fee for SIPP and personal pensions for children in linked family groups until they turn 18.
02/03/2022
Collas Crill Contributes to Guernsey Chapter of International Succession Laws 2020
The Guernsey chapter was produced by Group Partner Joanne Seal with assistance from Julian Turian Director at LTS Tax Limited.
02/03/2022
BoE on the back foot as inflation expected to hit 7%
Monetary Policy Summary, February 2022
02/03/2022
Sunak announces 'use it now, pay later' energy scheme
The energy price cap hike will accelerate the cost of living crisis
02/03/2022
Operators of overseas websites with even a minimal commercial activity in the UK might be subject to the General Data Protection Regulation
In the January 2021 judgment, the first reported decision in the UK and the EU on the interpretation of Article 3 of the GDPR, the High Court adopted a narrower interpretation of the territorial scope of the GDPR.
02/03/2022
Carey Olsen shortlisted for Chambers Europe Awards 2022
The awards honour the work of law firms across Europe and reflect achievements over the past 12 months including outstanding work, impressive strategic growth, and excellence in client service.
02/03/2022
Supreme Court Update: Five things you need to know about Right to Manage
There were other blocks on the estate, which all shared facilities and amenities with Settlers Court, including maintenance of communal areas, secure parking control systems, CCTV and an on-site concierge.
02/03/2022
Financial Regulation: Daily Update
The purpose of the CfE is to understand the size, structure, resourcing, revenues and product offerings of the different ESG rating providers in the EU.
02/03/2022
Financial promotions data 2021
The data also means we can monitor developments in the market, to get insights into particular sectors we have concerns about and act to prevent consumers from harm.
02/02/2022
Proposals for the reform of the Financial Promotion Regime
The UK’s approach to the regulation of financial services recognises the importance of enabling financial services firms to promote their products and services
02/02/2022
Financial Regulation: Daily Update
The aim of the Bill is to ensure that retained EU law can be more easily amended or repealed, and to end the special status of EU law in the UK legal framework.
02/02/2022
Corporate & Professional Pensions in administration
The administrators are qualified insolvency practitioners.
02/02/2022
Big tech should reimburse victims of online scams - British lawmakers
But the report said there was no set timeline for these changes and other major online platforms have not followed suit.
02/02/2022
UK Supreme Court building management ruling ‘common sense’ decision
Lord Briggs said it was “both absurd and unworkable” for an RTM company from one block of flats to manage the facilities it shared with other blocks.
02/01/2022
Financial Regulation: Daily Update
The CMA does not consider it appropriate to take further formal enforcement action in relation to this breach, however it will monitor the bank’s future compliance closely.