12/01/2021
Carey Olsen advises on first London SPAC under new listing rules
The proceeds will be used to acquire a controlling stake in a business operating in the technology-enabled sector in the UK, EEA or Switzerland.
Legal, Regulation & Compliance
11/30/2021
EC agreed position on MiCA and DORA and EC/EP reached political agreement on DLT Pilot Scheme on 24 November 2021
The European Central Bank published its opinion on MiCA in February 2021.
11/30/2021
Financial Service & Banking News
This includes changes to the FCA Handbook
11/30/2021
Financial Regulation: Daily Update
The new rules aim to protect consumers against excessive charges by introducing a fee cap.
11/30/2021
FCA: Mortgage Prisoner Review
The FCA’s Mortgage Prisoner Review has been laid before Parliament.
11/30/2021
FCA set to nearly double minimum fee to £2,200
The fee increase would better reflect the costs associated with the authorisation and supervision of 51,000 firms throughout the UK.
11/30/2021
Deferral of the SFDR RTS – No time for a break for financial market participants
Accordingly, the EU Commission has announced yesterday that it will defer the application of the SFDR RTS to 1 January 2023.
11/30/2021
European Commission publishes proposed amendments to the Alternative Investment Fund Managers Directive
The Commission acknowledges that the AIFMD has generally worked well in terms of introducing a harmonized, supervisory framework for alternative investment fund managers.
11/29/2021
EU parliament prepares for vote on Digital Markets Act
The DMA, drafted by the European Commission in December 2020, faced lengthy delays while MEPs on the Committee on the Internal Market and Consumer Protection (IMCO) scrutinised its wording.
11/29/2021
Linklaters advises the underwriters on the ABB of VGP
This transaction was a follow-up of VGP’s private placements of new and existing shares in April and September 2020, where the Linklaters team also acted as Underwriters’ Counsel.
11/29/2021
Government announces child trust fund changes
But if the account holder is not classed as legally able to manage their money they or their parents have been struggling to access the funds.
11/29/2021
Judgment handed down by High Court in first UK mid-market restructuring plan
Amicus Finance case establishes balance between realistic scrutiny of plans and fair outcome for creditors.
11/29/2021
Ireland tightens regulation of data centre grid connections
“Locating away from areas of high demand and constrained supply will undoubtedly be important for continued data centre growth in Ireland.
11/28/2021
Director duo banned for £800k ‘ethical water’ investment scam
A further £200,000 had been withdrawn from the company account over a two-year period, from 2018 and 2020, in cash.
11/28/2021
FCA reforms decision-making to tackle consumer harm
The FCA has reformed its decision-making process to ensure it can make faster and more effective decisions for consumers, markets and firms.
11/28/2021
It is not just the super-rich who hide assets in divorce proceedings
The problem of hidden assets means the use of private investigators is now the norm in splits where one or both parties are very wealthy.
11/28/2021
European Commission’s Proposals for reform of AIFMD, UCITS Directive and the ELTIF regime
Welcome changes or regulatory creep?
11/28/2021
HSF Financial Regulation: Daily Update
The Regulation relates to the reporting of credit and market risk information by relevant institutions.
11/26/2021
HSF Financial Regulatory: Daily Update
The proposals aim to enhance outcomes for consumers
11/26/2021
FCA removes IFA's permissions over concerns of unregulated advice
The Firm has the right to make written and oral representations to the Authority