10/23/2023
FCA warns firms as new cryptoassets financial promotion regime comes into force
The FCA said it expects firms to consider how risk summaries and appropriateness assessments should be tailored to the specific cryptoassets being promoted.
Legal, Regulation & Compliance
10/20/2023
Complaints data
Further complaints data may be obtained from the Financial Ombudsman Service.
10/20/2023
House of Lords to investigate relationship between regulators and Government
Following recent scrutiny of regulators including the FCA
10/20/2023
DB pensions industry 'working against' govt finance agenda
There is little incentive for schemes not to take risk off the table
10/20/2023
Financial Services & Banking News
The Financial Conduct Authority (FCA) has published a webpage containing complaints data for the period 1 January to 30 June 2023 (H1).
10/20/2023
German Energy Efficiency Act poses new requirements for data centre construction and operation
It sets out energy efficiency requirements for the construction and operation of data centres, among other matters.
10/19/2023
Scams warning for 12 million Self Assessment customers
A warning to Self Assessment customers who may be targeted by criminals.
10/19/2023
Bernie Ecclestone guilty plea is ‘major return on investment’ for HMRC
This result shows that HMRC is more than willing to take on the most complex cases involving high net worths.
10/19/2023
HSBC disables text functions on staff phones as regulators probe unauthorised communications
The new measures will reportedly apply across the firm, with HSBC already blocking staff from using WhatsApp on work phones.
10/19/2023
The Joint Regulatory Oversight Committee welcomes OBL’s submission of two data collection frameworks
This also aligns with the findings that the Strategic Working Group published in February 2023, where there was broad support from ecosystem members to address these gaps.
10/19/2023
Three firms declared in default
With claims being made in relation to investment advice and life insurance
10/19/2023
Maples Group Earns Top Rankings in 2024 Legal 500 and Chambers and Partners UK Guides
The Maples Group’s London office provides full service legal advice on the laws of the BVI, the Cayman Islands, Ireland and Jersey
10/17/2023
Kennedys recognised as a leading firm in The Legal 500 UK 2024
Kennedys are an excellent firm which provides a first-class level of service to its clients. All practitioners see the big picture and think strategically.
10/17/2023
FCA: Almost all authorisation cases assessed within deadlines
This was part of the authority’s focus on supporting international competitiveness and growth over the medium to long term.
10/17/2023
Singapore Crypto Bourses Work With UK Investigators
According to Benton, this unique NFT cuts down the duration to freeze assets.
10/17/2023
FCA's Rathi pushes for radical overhaul of stock exchange rules
LSE reforms
10/17/2023
Fintech chiefs raise AI regulatory fears in Parliament
It was a theme that was expounded upon by SEC chief Gensler in an interview with the FT, noting that regulating AI is a "hard challenge"
10/17/2023
FCA and Modulr agree customer onboarding restrictions
These include regulatory changes such as the new UK consumer duty, adjustments to push payment fraud reimbursement, and a ban on incentive marketing for high-risk assets like crypto.
10/16/2023
Liverpool DFM with £400m falls into administration
Wealth manager and stockbroker Blankstone Sington previously agreed with the FCA to stop taking new clients in 2021.
10/16/2023
Canada Life shuts UK property fund after redemptions surge
Assets in the Canlife UK Property fund sank to slightly more than £100m, leaving the fund ‘too small to manage effectively’.