03/01/2022
Dealings with sanctions target-owned businesses require UK licence
It is important businesses do their due diligence to understand exactly who they are transacting with currently and screen who they might do business with in future
Legal, Regulation & Compliance
02/28/2022
The world's largest sovereign wealth fund said it will dump its Russian assets on the Ukraine invasion
Norway's $1.3 trillion sovereign wealth fund will exit its Russian investments on the invasion of Ukraine.
02/28/2022
Transfer of personal data between Europe/UK and Asia: Key changes and practical tips
One of these conditions is the use of SCCs which effectively function as a contract ‘pre-approved’ by the European Commission entered into between the data exporter and data importer which imposes certain data protection obligations on both pa
02/28/2022
U.K. Plans New Law to Crack Down on Foreign Money Laundering
Law will set up registry of foreign owners of U.K. property
02/28/2022
Singapore to Join «Like-Minded Countries» on Russia Sanctions
Singapore intends to act in concert with many other like-minded countries to impose appropriate sanctions and restrictions against Russia
02/28/2022
Barclays fined £783,800
The FCA publicly censured Premier FX in February 2021 for failing to safeguard its customers’ money and seriously misleading its customers about the services it was authorised to provide.
02/28/2022
Switzerland adopts EU sanctions against Russia
The Federal Council has also decided to partially suspend the 2009 agreement on visa facilitation for Russian nationals.
02/27/2022
Herbert Smith Freehills: Financial Daily Regulation Update
The report provides information on the substance of the Recommendation, such as the legal form of the measure and the type of financial institutions covered
02/25/2022
Estimating conditional treatment effects of EIB lending to SMEs in Europe
Previous research has shown that EIB-supported lending has a positive effect on the employment levels, size, investments and innovation capacities of SMEs.
02/25/2022
Deutsche Bank chief exchanged friendly messages with client ditched over suspicious payments
Christian Sewing sent WhatsApps to Daniel Wruck when he was on his way to a state visit to China
02/25/2022
EBA publishes final guidelines on the limited network exclusion under PSD2
The Guidelines aim at addressing significant inconsistencies on how this exclusion has in the past been applied across the EU, contributing to the Single Market for payment services in the EU and ensuring transparency for supervisors and customers.
02/25/2022
FCA: Company annual financial reporting in electronic format
The FRC has recently issued a new version of UKSEF 2022.
02/25/2022
No-fault divorce transforms separation in England & Wales
The current divorce procedure will continue to apply until the reforms under the new law take effect.
02/25/2022
Evaluating Investment Opportunities: The Confidentiality Agreement stage and 6 key points to note.
The approach of “opting-out” of receiving personal data is often proposed in the course of negotiating the terms of an NDA.
02/25/2022
Rights and principles proposed to guide digital transformation
The Commission is hoping to have the draft declaration signed by summer 2022.
02/25/2022
The EU Commission's proposal for a directive on corporate sustainability due diligence
The Proposed Directive aims to foster the sustainable and responsible behaviour of in-scope companies operating in the European Union (the EU) throughout their global value chains.
02/25/2022
Firms told to review recruitment processes ahead of new UK code of practice
All employers in the UK have a responsibility to prevent illegal working by conducting a simple right to work check on potential employees.
02/25/2022
EU's sustainability due diligence law will have 'broad scope of application' in the ESG space
The consideration of human and environmental rights should be understood as part of their duty to act in the best interest of the company, the Commission said.
02/25/2022
EU moves to limit foreign access to cloud data
These latest Commission plans would apply similar restrictions to the transfer of, and foreign access to, EU-held non-personal data for the first time.
02/24/2022
Measures to release £880 million from dormant assets to boost opportunities across the country
Expanded scheme will use dormant funds from insurance, pensions, investment and wealth management, and securities sectors