04/04/2022
The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.
04/01/2022
The FCA is particularly interested to hear views on what the industry sees as the role for the regulator in the provision of synthetic data and solutions that will enable greater data sharing in a competition context without undermining data protection.
04/01/2022
The FCA has previously set out that it will take strong action against impacted firms who try to avoid their responsibilities to pay compensation and already has an asset freeze in place on one firm.
04/01/2022
The open banking reforms were mandated by the UK's Competition and Markets Authority (CMA) at the end of a review it conducted into retail banking which identified competition concerns in the market.
04/01/2022
This in connection with large-scale trickery with French VAT
04/01/2022
The European Commission paved the way for the proposed lawsuit by fining banks
04/01/2022
In addition to revising the existing exemptions, the new guidance includes a dedicated chapter on how businesses can cooperate to achieve sustainability goals without infringing competition law.
04/01/2022
The research report found the Irish scheme is largely used by Chinese nationals who gain residency rights and a potential fast track to citizenship.
04/01/2022
We have very few accounts and structures of sanctioned persons in The Bahamas," said Campbell.
04/01/2022
The Act also seeks to increase the enforcement of breaches of financial sanctions, as well as the use of UWOs, as part of the Government’s efforts to tackle ‘dirty money’ in the UK.
03/31/2022
However, financial data – such as consumer transaction records, account payments, or trading data – is sensitive personal data subject to data protection obligations, as well as often being commercially sensitive.
03/31/2022
Scottish court guides trustees on use of indemnity clauses in trust deeds
The trustee of the Plumbing and Mechanical Services (UK) Industry Pension Scheme had experienced difficulties in applying employer debt legislation laid out in section 75 of the Pensions Act 1995.
03/31/2022
Any designation pursuant to the Urgent Procedure will cease to have effect after 56 days
03/30/2022
The FCA has also fined Timothy Haywood, a former Investment Director and Business Unit Head at GIML, £230,037.
03/30/2022
The thematic examinations yielded very positive results.
03/30/2022
The express objective of the Statement is to “seek to mitigate the risk of divergent application” of the Sustainable Finance Disclosure Regulation
03/30/2022
The Fos said it expected to fund this through a levy increase of £10m to £106m and cuts to its cost base.
03/30/2022
Portal undertook due diligence in relation to Cherish and was assured that it did not recommend or promote Ucis.
03/30/2022
Ireland combines a thriving domestic market and a significant and growing centre for financial services excellence which we believe is a great fit for our next home jurisdiction.
03/29/2022
Overall, respondents welcomed the proposed expansion of the UK resolution regime for CCPs and were broadly in agreement with the proposed framework