07/06/2021
COVID-19: Lifting of working from home guidance in England
On 5 July the Government published the COVID-19 Response: Summer 2021 setting out the details of the final roadmap step 4 as England transits out of lockdown.
Legal, Regulation & Compliance
07/05/2021
Documents and testimony contained in request for indictments
The Promoter of Justice presses charges against Msgr Carlino, Crasso, Di Ruzza, Marogna, Mincione, Squillace, Tirabassi, Torzi, Brülhart and Cardinal Becciu. A synthesis of the 500 pages of documentation presented by the prosecution follows.
07/05/2021
London Court of International Arbitration (LCIA) reports record caseload for 2020
The busy year reported by the LCIA in 2020 is consistent with activity levels at other major arbitral institutions
07/05/2021
Changes to Takeover Code on Conditions to Offers and Offer Timetable
There is now a single “unconditional date” for the satisfaction of all conditions
07/02/2021
A UK MiFID II “Quicker Fix”: UK Quick Fix SI amends UK MiFID II regime from 26 July 2021
The changes are summarised below, alongside an initial view on divergences from the EU MiFID II Quick Fix.
07/02/2021
European Commission proposes revisions to consumer credit rules
The proposal updates both the existing General Product Safety Directive as well as the EU rules on consumer credit to safeguard consumers.
07/02/2021
EU Securitisation Repository reporting now required
Pending the registration of a securitisation repository, SECR required the reporting to be performed via a website satisfying the requirements set out therein.
07/02/2021
Govt looks to scrap 10 per cent drop rule
The 10 per cent drop rule was introduced as part of Mifid II but it was put on hold at the start of the pandemic due to increased market volatility.
07/02/2021
Help for UK professionals and firms to deliver services overseas
But advisers hoping it will re-open the door to the EU are likely set for disappointment
07/02/2021
Govt 'delusional' over online scams, says former IFA
A regulator-based registrations database for all advertisers that are planning to use any online platform for advertising purposes
07/02/2021
Upper house of parliament approves law to implement EU anti-tax avoidance directive
The 1 January 2020 retroactive effective date for the anti-hybrid rules is causing concern for taxpayers and their advisors.
07/02/2021
Asset Management Europe: Monthly Macro Insights – July 2021
The increase in global food prices has slowly started to feed into domestic consumer prices in some regions as retailers, unable to absorb the rising costs, are passing on the increases to consumers.
07/02/2021
Luxembourg companies to hold virtual meetings until 31 December 2021
The following rules will continue to apply notwithstanding any provision to the contrary in the articles of association of the relevant company
07/01/2021
PRA and FCA publish policy statement on bilateral margin requirements for uncleared derivatives
The PRA and FCA received four responses to the CP. The responses were generally supportive of the proposals.
07/01/2021
Review of host Authorised Fund Management firms
The Principles require AFMs to conduct their business with due skill, care and diligence and to take reasonable care to organise and control their affairs responsibly and effectively
07/01/2021
LIBOR transition: Facing Into The End-Game
The operational, conduct and regulatory risks associated with meeting the challenge are considerable.
07/01/2021
Twenty-four Mayer Brown lawyers recognized by “Best Lawyers” in Germany 2022 edition
Lawyers have been recognized
06/30/2021
Portuguese millionaire art collector detained in tax fraud probe
Berardo and his lawyer were not immediately available for comment.
06/30/2021
Fraud alert: Impersonation scams continue to soar in 2021
Quilter is warning people to stay alert to the risk of impersonation fraud, and has published a new video on its ‘Stay Safe’ webpage to provide customers, advisers and the wider public with tips on avoiding such scams.
06/30/2021
EU watchdog takes deep dive into banks' use of tech
But the lack of common regulatory standards across EU states for a growing subsector could pose barriers for wider market adoption of RegTech, the EBA said.