01/11/2022
Financial Regulation: Daily Update
Commission Delegated Regulation amending Delegated Regulation (EU) 2016/1675 and supplementing the Fourth Money Laundering Directive (MLD4) has been adopted by the European Commission (EC).
Legal, Regulation & Compliance
01/10/2022
Important update for owners of French property: changes to succession law in France
This changed in 2015 when the EU Succession Regulation came into force.
01/10/2022
Is Jersey part of the UK for probate purposes?
Trust and estate practitioners in Jersey and in the UK are well versed at advising clients the opposite however – that Jersey does not form part of the UK.
01/10/2022
Updated AIFMD Q&A signals Ireland is ‘very much open for business’
The CBI also noted that the QIAIF’s prospectus should detail the role of the AIFM with respect to its ongoing oversight and review of services provided by such non-discretionary investment advisors.
01/10/2022
Financial Regulation: Daily Update
The FSB has requested feedback to these practice papers by 15 March 2022.
01/09/2022
Ounapuu Ltd (formerly Ferratum UK Limited) enters a Creditors’ Voluntary Liquidation
The Liquidators will provide updates to customers as soon as possible.
01/09/2022
FCA commences criminal proceedings in relation to Collateral (UK) Ltd
The FCA alleges that the Curries, who are brothers, dishonestly represented to investors that Collateral was authorised and regulated by the FCA to operate as a peer-to-peer lender knowing this was untrue.
01/09/2022
France fines Google, Facebook millions over online tracking consent
Cookies have been a source of privacy concerns because they can be used to track users
01/07/2022
HMRC waives late self-assessment penalties
The penalty waivers give taxpayers who need it more time to complete and file their return online and pay the tax due without worrying about receiving a penalty.
01/07/2022
Diversity and inclusion: both a path and a destination
Our article considers key implications for firms in the financial services sector.
01/07/2022
The CJEU rules on the interpretation of Article 5 of the EU Blocking Regulation
One relevant factor when assessing proportionality would be, in the view of the CJEU, that in the present case, Telekom did not apply for an exemption of Art. 5 EUBR to try to avoid its entrepreneurial freedom being limited.
01/07/2022
FCA publishes final IFPR remuneration disclosure rules
The FCA was also requested to clarify how the MIFIDPRU rules
01/07/2022
Herbert Smith Freehills Financial Regulation: Daily Update
Noting concerns about phishing emails and scams, the FCA advises firms to check that the email address from which a survey is received corresponds to the one provided in its announcement or to an FCA email address in the usual format.
01/07/2022
National security law extends UK government power to block acquisitions
It allows the business secretary to impose conditions on an acquisition or block one altogether if is deemed a threat to national security.
01/07/2022
Linklaters advises Caisse Fédérale du Crédit Mutuel Nord Europe
The Caisse Fédérale de Crédit Mutuel is now the technical and financial cooperative tool shared by 1,500 Crédit Mutuel agencies.
01/07/2022
Lenders left out of pocket by millions amid alleged fraud at broadcaster
Just nine of the 55 lenders to Arena reportedly have any verified assets supporting their loans.
01/07/2022
EU tightens screw on shell companies with minimum substance test
The rules will also increase transparency around the use of shell entities for tax authorities with greater information exchange protocols.
01/07/2022
Public Statement Concerning The Regulatory Investigation Of The Isle of Man Financial Services Authority
Standard has proactively brought about operational changes in an effort to address the issues identified and the concerns of the Authority.
01/07/2022
Financial Service & Banking News
The findings from those exercises are set out in the accompanying report.
01/06/2022
The three regulatory headwinds facing financial services in 2022
Alongside these, post-Brexit development of the UK’s new regulatory framework and changes arising through the Wholesale Markets Review, mirrored in the EU by the MiFID II review, mean that keeping a close eye on the horizon remains as critical as ev