11/12/2021
The FCA found that Sunrise had deficient systems and controls to identify and mitigate the risk of facilitating fraudulent trading and money laundering in relation to business introduced by the Solo Group, between 17 February 2015 and 4 November 2015.
11/12/2021
The letter states that this expectation is no longer necessary and FMIs should now return to the approach in place prior to Covid-19.
11/12/2021
The 2022 consultation will inform a decision on whether the authorities are content to move into a ‘development’ phase which will span several years.
11/12/2021
The Proposal builds on a Commission White Paper published for consultation in June 2020.
11/12/2021
Cookies can be used for different purposes, i.e. to recognize a user's language choice or the products that the user had placed in his/her basket during a previous shopping session.
11/12/2021
The court rejected the CPS’s argument that the company was debarred from claiming the assets on the grounds that this involved seeking to profit from the proceeds of crime.
11/12/2021
It held that the basis of challenge was a question of admissibility to be determined by the arbitrator, not an issue of jurisdiction falling within section 67.
11/11/2021
This recognition follows in the footsteps of Carey Olsen's trusts and private wealth practice
11/11/2021
The consultation details the government’s proposals for adapting the UK regulatory framework for financial services to ensure that it reflects the UK's position outside of the EU and remains fit for the future.
11/11/2021
The FCA will be sending out a survey to all general insurance and premium finance providers in January for firms to provide their first annual attestation.
11/11/2021
The government’s response confirms that they intend to proceed with requirements in relation to COVID-19 vaccinations.
11/11/2021
This has been caused by ineffective competition between providers of insurance products and a lack of common measures of value.
11/11/2021
Together with the decisions in Rolfe and Warren (discussed below), it is likely significantly to curb some of the momentum that had been building around potential scope for opt-out claims in data breach cases.
11/11/2021
The proposed ICC framework seeks to break through this complexity – recognising not only positive activity, but also guiding banks and corporates towards the use of best-practice standards.
11/11/2021
DLA Piper has one of the largest investment management and investment funds practices in the world, with more than 250 lawyers with relevant experience and offices in all key global jurisdictions.
11/11/2021
A breakthrough was achieved in February 2021 in the Council of the EU, as a result of certain countries changing their previous position and agreeing to support the proposal.
11/10/2021
Chancellor’s ‘once-in-a-generation’ plan emphasises focus on growth and global competitiveness
11/10/2021
"The government will also require both regulators to report on their performance against their growth and competitiveness objective on an annual basis."
11/10/2021
For CCPs that are assessed as being systemically important, the BoE will perform an ‘informed reliance assessment’ to consider to what extent it is able to rely on home regulation and supervision
11/10/2021
The MoU sets out a high-level framework formalising the continuing cooperation between the FCA, the Bank and FMSB