07/26/2021
KPMG Regulatory Horizons
The outlook for financial services regulation.
Legal, Regulation & Compliance
07/26/2021
Cross-border distribution of collective investment undertakings: implementation in Italy of EU rules
Most of the collective investment undertakings are sold in the home country of establishment and cross-border distribution is still too limited.
07/26/2021
SFO Secures Two Further DPAs
The DPAs relate to conduct which, according to the SFO, saw the Companies’ “rolling use” of bribes to obtain UK contracts valued in the millions of pounds.
07/26/2021
Medicinal cannabis growth to be permitted in Guernsey
The move follows a memorandum of understanding with the UK Home Office, Guernsey States announced.
07/26/2021
Fraud convictions slump to lowest level since 2007
Just one in 700 frauds result in a conviction despite 48% increase in investment fraud
07/26/2021
MiFID III pooled trade data tape may shine a light on EU markets
Nearly three quarters (71 per cent) of respondents to a Bloomberg Intelligence survey backed the move, with this rising to 89 per cent among larger firms with heavier cross-border business.
07/26/2021
Ireland Update: Gender Pay Gap Information Act 2021
These requirements are likely to apply from 2022.
07/26/2021
Enforcing English judgments in the EU following Brexit
The guide looks in particular at recognition of judgments of English courts given under both exclusive jurisdiction clauses
07/26/2021
Mourant trusts team achieves top position
In total, ten Mourant lawyers [across the Channel Islands and Caribbean] have been ranked in the trust and private client practitioner tables.
07/26/2021
Adviser receives four year prison sentence for fraudulent trading
Mr Hudson’s defrauding was calculated and persistent over a number of years, preying on victims who believed he was a financial adviser and trusted friend when he was neither of these things.
07/26/2021
Consumer protection: UK proposals point to increased enforcement risk
The proposals form part of a broader package of reforms, which include a number of planned changes to the UK’s competition law regime.
07/26/2021
HSF Financial Regulation: Daily Update
The FCA expects to publish its final consultation on IFPR around the beginning of August
07/25/2021
Old dog, new tricks - Complaints under the OECD Guidelines for Multinational Enterprises
While recent years have seen the non-judicial grievance mechanism established to hear complaints against multi-nationals under the Guidelines become increasingly prominent, there is still room for stakeholders to improve awareness and understanding of the
07/25/2021
Financial Regulation: Daily Update
The PRA has also published a direction and guidelines on the information to be provided when applying for this modification by consent.
07/23/2021
Timeline: Calendar of Key Developments in Financial Services Regulation
The Financial Services Timeline contains information on a range of anticipated developments in the following areas.
07/23/2021
The PRA’s UK Basel III regime
The UK Basel III regime implements the Basel III standards with a number of targeted deviations and differs from EU CRR2 in several respects.
07/23/2021
Carey Olsen tops offshore rankings in Chambers High Net Worth 2021
The firm continues to be ranked in more jurisdictions than any other offshore legal provider and is now ranked in Band 1 for its trusts and private wealth practices in Bermuda, Guernsey and Jersey
07/23/2021
Harneys advises Montagu Private Equity
The global private equity team at Harneys provides legal advice to private equity firms, investors, leading global law firms and sponsors on a wide range of transactions and structures using offshore vehicles.
07/23/2021
Ex-Quilter rep banned by FCA after conviction
The prohibition order takes effect from the date of this Final Notice.
07/23/2021
KPMG criticised for ‘unacceptable’ bank audits by UK regulator
FRC says one-third of audits by top seven accounting firms fall short of standards