06/28/2021
The free flow of personal data from the European Economic Area to the United Kingdom can continue (at least for now)
The European Commission stated it would reassess the need for this exclusion following developments in UK law.
Legal, Regulation & Compliance
06/28/2021
Binance: Financial watchdog FCA bans cryptocurrency exchange
Binance has not registered with the FCA and therefore is not allowed to operate an exchange in the UK.
06/28/2021
FSCS backtracks on UK advice firm failure
After the lifeboat service said investors could be eligible for compensation
06/25/2021
Lawrence Stephens Launches Family Law Practice
The addition of Lawrence Stephens’ Family department marks an exciting step forward in the expansion and growth of our firm as we prepare to celebrate our 25th anniversary next year.
06/25/2021
Met makes one of world's largest cryptocurrency seizures
The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets.
06/25/2021
Report outlines shape of post-Brexit regulatory landscape in the UK
Firms and a number of industry bodies have looked at open finance in the context of their segment of the financial services industry, but without a clear, central steer from government we may not see the developments that could – and should –
06/25/2021
Carey Olsen named best offshore law firm
The award win follows in the footsteps of Carey Olsen's trusts and private wealth practice maintaining its Tier 1 listing in the 2021 edition of eprivateclient's Top Offshore Law Firm rankings, and its back-to-back success in the offshore law fi
06/25/2021
Germany passes reform of lawyers' fees and litigation funding
It provides for lawyers to agree on contingency fees to a greater extent than before or to bear the costs of legal proceedings.
06/25/2021
Guernsey funds market update: PIF Regime, Companies Law and economic substance requirements for partnerships
This significantly reduced the cost and processing time for launching a fund.
06/25/2021
Jersey funds market update: the EComms Law, JPF review, economic substance for partnerships, fund vehicles fee changes
Draft legislation reflecting the above proposals is awaited.
06/25/2021
'Elephant in the room': Advisers hopeful new FCA rule will tackle exit fees
But the proposals also included a line on exit fees charged by firms when their customers leave them.
06/25/2021
France's Natixis fined 7.5 mln euros in sub-prime exposure case
It was eventually rescued by its parent bank BPCE and was later restructured.
06/24/2021
Carey Olsen advises Quotient Limited on new money investment
Quotient intends to use the net proceeds from the offering for the continued development of the multimodal, multiplexing MosaiQ platform, to prepare for its commercial launch and for other general corporate purposes.
06/24/2021
EU reacts sharply to new Hungarian law
The warning from European Commission President Ursula von der Leyen was a measure of the degree to which many senior European leaders expressed concern over the new law, which was approved last week by Hungary's parliament.
06/24/2021
EU data transfers compliance: businesses get fresh guidance
Clearly this more broader assessment will have significant implications not just in relation to transfers but the appointment of service providers
06/24/2021
FATF votes to greylist Malta
Global anti-financial crime watchdog advises enhanced monitoring for Malta
06/24/2021
UK watchdog issues warning about 111 unregistered crypto asset firms
This is a very real risk so we are worried about that.
06/24/2021
AAB: plan now for good health of your public sector pension
Richard Johnston offers his prognosis on legislative changes affecting high-earning professionals in the National Health Service
06/24/2021
Pimfa supports call for culture change at FCA
It said the FCA board should set itself an end date for the transformation programme and create milestones at which changes in culture can be reviewed.
06/24/2021
Parliamentary Committe calls for change in FCA culture to protect consumers and markets
The following month, LCF entered administration. Following a request from the previous Treasury Committee, HM Treasury agreed to a request from the FCA for an independent investigation into the collapse of LCF.