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Financial Regulation: Daily Update

The results cover the 2021 annual bonds threshold assessment, the May 2021 quarterly bonds liquidity determination and the 2021 annual derivatives threshold and liquidity assessment.

Greensill Bank collapse pits German government against lenders

State-owned Hypo Real Estate says it is eligible for compensation from scheme funded by private banks

The UK is losing the fight on money laundering, but we can still win - if we want

Britain’s white-collar professionals would wince at the thought that they are enablers of global corruption. New research suggests that the UK’s corruption problem is not only structural, but cultural, too

FCA plans new fund structure for illiquid assets

Long-term asset funds would have longer redemption periods and greater disclosure under the plans

FCA to require climate reports from providers and asset managers

The proposals stated that schemes with assets of £5bn or more will have to meet the new governance requirements from October 2021

Trends in Sustainable Finance Disclosures

The primary aim of the SFDR is to ensure that investors are equipped to make a reasoned decision in a transparent market with the hope that capital flows will ultimately be rerouted to sustainable investments.

Avoiding Pitfalls When Buying Property Abroad

The advantage of having a local Will, in addition to a UK Will dealing with the rest of your estate, is that it can make the probate process easier for your executors.

First-ever legal framework for AI proposes obligations for developers, users and importers

The proposal also puts forward deterrent fines of up to €30 million, or 6 per cent of worldwide annual turnover in the preceding financial year, for companies flouting the data-related rules.

KPMG sued for £6m by property company

Homebuilder claims it faced unexpected tax bill after negligent advice

FCA: CP on new authorised fund regime for investing in long-term assets – productive finance

The aim of the LTAF is to provide a fund structure through which investors can invest with appropriate confidence in less liquid assets because the fund structure is specifically designed to accommodate relatively illiquid assets.

FCA fines boutique investment bank

The Solo trading was characterised by what appeared to be a circular pattern of extremely high value trades undertaken to avoid the normal need for payments and delivery of securities in the settlement process.

Third edition of the Regulatory Initiatives Grid

The Regulatory Initiatives Grid sets out the regulatory pipeline.

UK regulator delays open-ended property review as it unveils new fund type

The FCA argued in the paper that some investors prefer investing in open-ended funds where there are opportunities to put money in or take it out at the net asset value of the assets.

FCA delays decision on property fund reforms

The FCA is now consulting separately on the LTAF and says it will not confirm specific property fund rules until that consultation has been completed.

FCA launches consultation on a new type of fund to support investment in long-term assets

The FCA is keen to hear views from stakeholders on its proposals and the consultation is open for feedback until 25 June 2021.

FCA statement on its work on liquidity mismatch in authorised open-ended property funds

In August 2020 the FCA consulted on proposals to reduce the potential for harm to investors from the liquidity mismatch in open-ended property funds.

FCA fines boutique investment bank Sapien Capital in first cum-ex trading case

The FCA said Sapien did not have 'adequate systems and controls'

The posh London address 4,000 firms call home: But it's not their real office, they pay £24 a month for a forwarding service - and it's a scammers paradise

Some 3,900 firms are listed as being based at number 207 Regent Street

Norway’s largest lender fined $48 million over AML failings

DNB acknowledged that there were shortcomings relating to customer due diligence in the Samherji case but said it has done a great deal of work on reviewing the customer portfolio since then.

Ten things Institutional Investors need to know about investing in Hedge Funds

What should investors consider when making Hedge Fund investments?

Legal, Regulation & Compliance