05/28/2020
COVID-19: FCA allows individuals to carry over CPD to the following period
We expect most individuals will be able to continue completing CPD whilst on furlough or working from home.
Legal, Regulation & Compliance
05/28/2020
COVID-19: Governance - Changes to UK insolvency law undermine position of DB schemes and the PPF (UK)
Many of the proposed reforms could have been achieved with less radical amendments to the Insolvency Act 1986.
05/27/2020
EU Exit: High Court approves Lloyd’s Part VII strategy
Lloyd’s, in conjunction with market participants, will notify customers of the Part VII transfer
05/27/2020
COVID-19: EBA preliminary assessment - impact on EU banking sector
Banks have entered the COVID-19 crisis more capitalised and with better liquidity
05/27/2020
EU Exit: ECON opinion on recommendations on the negotiations for a new partnership with the UK
Recalls that passporting rights, which are based on mutual recognition and harmonised prudential rules and supervisory convergence in the internal market, will cease to apply between the EU and the UK
05/27/2020
Exit from Lockdown: Practical employment implications for CI businesses
As a central part of their preparations for lifting lockdown restrictions, businesses should focus on the views and concerns of their employees and speak to their staff about the options as well as any variations to contracts and policies.
05/27/2020
Listing UK Real Estate Investment Trusts (REITs) on The International Stock Exchange (TISE)
A UK REIT is exempt from UK corporation tax on both the income profits and capital gains derived from the REIT's UK qualifying property rental business.
05/27/2020
Access to data: A beneficiary’s privilege
The litigation concerns Taylor Wessing’s compliance with the claimants’ SARs.
05/27/2020
Stop right now - English Court sets aside order granting leave to enforce arbitration award under section 66 Arbitration Act 1996
Relying on this pragmatic judgment, Justice Moulder found that there was no reason why the factual dispute could not be determined at a further hearing pursuant to the s66 application.
05/27/2020
Guernsey Mandatory Disclosure rules
The Law will impact arrangements or structures that it is ‘reasonable to conclude’ are either a ‘CRS avoidance arrangement’ or an ‘opaque offshore structure’ as defined in the Law (together the ‘reportable arrange
05/27/2020
Carey Olsen and Aztec Group support €1.1bn Deutsche Beteiligungs Fund VIII
The Carey Olsen team, led by partner Tom Carey with support from senior associate Chris Hutley-Hurst and associate Felicity Wai, provided Guernsey legal, regulatory and tax advice to DBAG in respect of the formation, structuring and launch of Fund VIII.
05/27/2020
UK Could Face Tougher Dirty Money Fight Post-Brexit: FT
The proposal, which was a topic of a call last week among EU finance ministers, would separately expedite the sharing of financial intelligence among European nations.
05/26/2020
UK and EU fund managers at odds over Mifid II revamp
French and German groups lobby Brussels for a change to research unbundling
05/26/2020
We're getting too relaxed about the ballooning national debt
It is right and proper that we spend now, but not tackling the debt as soon as possible will lead to annual interest payments of £100bn
05/26/2020
Extra UK bank holiday in October 'could boost economy by £500m'
CEBR recalculates one-day shutdown as financial boost after ‘enforced abstinence’ from Covid-19 lockdown
05/26/2020
Pilatus fined for failing to give information to FIAU
Bank was fined for its failure to reply to two 2017 requests for information
05/26/2020
Advantages of setting up Lasting Powers of Attorney in the UK
There are two types of LPA in the UK; one that covers Health and Welfare and another that covers Property and Financial Affairs.
05/25/2020
Mayer Brown collaborates with Morae to ease transition from LIBOR to RFRs
The collaboration of Mayor Brown and Morae provides an ideal choice for LIBOR transition
05/25/2020
COVID-19: FCA consultation - draft guidance on mortgage payment holidays
For those who are still experiencing temporary payment difficulties due to coronavirus, firms should continue to offer support, which could include extending a payment holiday by a further three months.
05/25/2020
FCA acts to strengthen protections for customers using payment firms
Payments firms bring financial parties together to deliver a simple payment experience for business and their customers by processing payments quickly and efficiently, and offer services including money remittance.