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Legal, Regulation & Compliance

02/20/2025

FCA welcomes the final report of the Accelerated Settlement Taskforce and supports the UK market’s move to T+1 settlement

On 6 February 2025, the Accelerated Settlement Taskforce published its final report recommending a detailed implementation plan for the UK to move to a T+1 standard for settling securities trades.

02/20/2025

The Prudential Regulation Authority’s approach to policy

The approach we consulted on in the CP was informed by the responses we received to the DP.

02/19/2025

UK money markets transitioning to a new monetary policy regime

Since the turn of the monetary policy cycle in 2023, money market funds have seen significant inflows, but we think the peak has been reached.

02/19/2025

Top European central bankers push for simpler banking rules

A ‘comprehensive analysis’ of the regulatory requirements could help ensure a ‘level playing field with other major jurisdictions’ the bankers said

02/19/2025

Striking the right balance: the ECB’s balance sheet and its implications for monetary policy

During this tightening phase, we used policy rates as the primary tool for setting our monetary policy stance, while normalising our balance sheet in a measured and predictable way.

02/19/2025

Substance, Tax Treaties and the UK Supreme Court in Royal Bank of Canada

The uncertainty that this can open up is considerable.

02/18/2025

FCA fines Mako for failings relating to cum-ex trading

Mako also failed to adequately apply the policies and procedures it did have in place.

02/17/2025

Nvayo Limited enters special administration

Nvayo is authorised by the FCA to issue electronic money (e-money) and provide payment services.

02/17/2025

Compliance costs Luxembourg banks over €500m annually: ABBL chair

The growth of Luxembourg’s private banking sector has been impressive, with assets under management rising to €628bn.

02/14/2025

Mishcon de Reya's Private Client lawyers ranked in ALM Private Client Directory 2025

The directory features the top 250 individuals chosen by their own peers within the private wealth industry.

02/14/2025

Joint EU-UK Financial Regulatory Forum

Both sides also noted the importance of continued cooperation in other areas, such as anti-money laundering and sanctions.

02/14/2025

FCA charges Hampshire-based independent financial adviser with multiple fraud offences

The firm provided financial advice on investments, insurance, and pensions, but was not authorised to hold or control client money.

02/13/2025

Macfarlanes advises Legal & General on £370m buy-in with the TUI Group UK Pension Trust

The Macfarlanes team was led by Insurance Partner Andrew Barton and Senior Counsel Madison Kaur.

02/13/2025

FCA can take crucial step to close advice gap with targeted support

The FCA’s retirement income market data also shows that more than 145,000 DC pension plans over £30,000 were withdrawn at likely unsustainable rates of 8% and above.

02/12/2025

FRC announces successful UK Stewardship Code signatories ahead of consultation closure

The FRC invites signatories to review the interim changes to reporting for Stewardship Code Signatories as they prepare for their next report under the current Code.

02/12/2025

The EBA amends its Guidelines on ICT and security risk management measures in the context of DORA application

DORA has introduced harmonised requirements on ICT risk management that apply to financial entities across the banking, securities/markets, insurance and pensions sectors.

02/12/2025

PS2/25 – Streamlining firm-specific capital communications

Policy statement 2/25

02/12/2025

Focus on anti-money laundering: tackling the issue of "money mules"

In particular, we set out what payment services firms should be focusing on to reduce the impact of money mules cross-industry.

02/11/2025

Shoosmiths advise ScaleUp Capital on major investment duo

It supports over 120 UK public sector clients, including NHS bodies, central government departments and local authorities.

02/10/2025

FCA steps up action against misleading financial adverts

The FCA continues to urge social media platforms to do more to proactively identify and prevent illegal financial promotions.

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