03/26/2021
Refinements to the proposed UK National Security and Investment regime
The Government published its response to the consultation at the beginning of March 2021
Legal, Regulation & Compliance
03/26/2021
Climate considerations now fully embedded across UK principal financial regulators
The UK has extended its global leadership on green finance by requiring its principal financial regulators to consider climate change, it was announced today (24 March 2021).
03/26/2021
Climate considerations now fully embedded across UK principal financial regulators
The UK has extended its global leadership on green finance by requiring its principal financial regulators to consider climate change
03/25/2021
Updated statement on non-damage BI settlements and deductions made for government support
How Government support is treated for tax purposes may differ from the way it is treated for calculating the loss under a BI policy.
03/25/2021
Financial Crime and Fraud Regulatory Updates March 2021
This edition focuses on the UK, Germany, Poland, the UAE and Saudi Arabia and is relevant to individuals working in financial services in any of these jurisdictions.
03/25/2021
PRA: PS on depositor protection - identity verification
The PRA lays down its final policy, as follows
03/25/2021
Harneys Cyprus maintains high ranking by Chambers Europe
The team also act for clients on financial law matters, such as project finance and debt restructuring, and are highly experienced in syndicated financing and refinancing transactions.
03/25/2021
Banknote character - speech by Andrew Bailey
Given at the unveil of the Alan Turing £50 polymer Banknote
03/25/2021
Ashurst advises on demerger of the Wickes Group from Travis Perkins plc
Citigroup and Deutsche Bank are acting as joint financial advisors and joint sponsors to Travis Perkins and Wickes.
03/25/2021
FCA review of MiFID II product governance rules
The FCA selected a case study product from each asset manager – all products assessed were UK authorised CISs available to retail investors on both an advised and non-advised basis.
03/25/2021
Statement on the review of the FCA approach to the UK’s derivatives trading obligation
In that statement we said that we would keep our use of the TTP under review and consider by 31 March 2021 whether market or regulatory developments warrant a review of our approach.
03/25/2021
Jersey Funds Industry Reaches New Record Heights in 2020 in Face of Challenging Global Market Conditions
The increase reflects a period of sustained growth for Jersey’s funds industry, with the figure at the end of 2020 rising by more than two thirds (67%) over the last five years.
03/25/2021
Ashurst advises Negentropy Capital Partners on Italian investments
The Ashurst team led by partners Antonios Nezeritis and Isabelle Lentz advised on the Luxembourg aspects of the investments.
03/25/2021
Addleshaw Goddard: Financial Services & Banking News
The aim of the consultation is to inform the Commission on remaining obstacles
03/25/2021
Addleshaw Goddard AG Data & Privacy News
The mandate covers the protection of privacy and confidentiality in the use of electronic communication services and is seen by the EDPB as a positive step towards a new ePrivacy Regulation.
03/25/2021
HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions
Requirement to apply Enhanced Due Diligence for higher risk jurisdictions.
03/25/2021
Ban on leaving the UK enforceable by £5,000 fine
The travel ban does not apply to those going to the common travel area of the Channel Islands, Isle of Man and the Republic of Ireland unless that is not the final destination.
03/24/2021
Treasury Committee publishes BoE response to inquiry into future of financial services in the UK
The Financial Policy Committee (FPC) is ‘committed to the implementation of robust prudential standards in the UK.
03/24/2021
Norton Rose Fulbright advises Investec Bank and Berenberg
The proceeds of the fundraising will be used to accelerate Ceres Power’s investment in the development and potential commercialisation of its solid-oxide electrolysis technology.
03/24/2021
UBS Settles in for Long Wait in French Case
The Swiss bank's long-awaited appeal of a 2019 conviction is over. It will have to wait longer than anticipated for the final verdict.