12/03/2020
FCA warns of 'significant' advice price clustering
The regulator's research found more than 80 per cent of ongoing holistic advice services had adviser charges set at only three price points - 0.5 per cent, 0.75 per cent and 1 per cent.
Legal, Regulation & Compliance
12/03/2020
Financial Regulation Update
The FCA will supplement the evidence from its review with feedback to its Call for Input (CfI) on consumer investments
12/02/2020
EU Exit: FCA reminds firms to be ready for end of transition period
The FCA has released a webinar (and accompanying transcript) held in August 2020 on the prudential requirements for Markets in Financial Instruments Directive (MiFID) investment firms.
12/02/2020
Brexit and the FCA: Act now to protect your UK / EEA business operations
The TPR and the TMPR thereafter provides a grace period during which time inbound EEA firms and EEA funds should assess their existing business models and operating requirements and whether they should apply for full FCA authorisation.
12/02/2020
Commission disburses €8.5 billion under SURE to five Member States
On 24 November, the European Commission issued the third social bond under the EU SURE instrument, for a total value of €8.5 billion. The issuing consisted of one single tranche due for repayment in July 2035.
12/02/2020
Ireland's foreign investment regime
Ireland is a politically stable democracy, and successive Irish governments have striven to ensure Ireland remains highly attractive as a place to do business for foreign companies.
12/02/2020
Finma adds Zug family office to warning list
Companies are added to the warning list by Finma because they have either not provided sufficient evidence to the regulator, or the evidence that they have provided is false.
12/02/2020
Mourant supports longstanding client on debt fund closing
TDO II operates an "all-weather" approach to investing, with a strong network working together to find attractive investments at healthy prices.
12/01/2020
Governors and Heads of Supervision commit to ongoing coordinated approach to mitigate Covid-19
The timely measures pursued by the Committee at the start of the pandemic and the GHOS's agreement to revise the implementation timeline for outstanding Basel III standards added to the unprecedented range of fiscal and monetary support measures that
12/01/2020
FCA response to IBA’s proposed consultation on intention to cease US$ LIBOR
This will incentivise swift transition, while allowing time to address a significant proportion of the legacy contracts that reference US$ LIBOR.
12/01/2020
European central bankers predict that the digital euro is at least five years away
Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition.
12/01/2020
SBM Offshore Faces Swiss Probe Over Legacy Bribery Allegations
The latest SBM Offshore probe is related to allegations that it has resolved in the U.S., Brazil and the Netherlands, according to the company.
12/01/2020
Arcadia collapse sees 10,000 pensions head to PPF
Both the industry and MPs have called on Sir Philip to plug the shortfall.
12/01/2020
FCA clarifies notification requirements under UK EMIR
EU market participants will be able to use benchmarks administered in a country outside the EU until the end of 2023.
12/01/2020
FCA criminal prosecution for destruction of documents - lessons for firms
The Financial Conduct Authority (“FCA”) has been unsuccessful in its attempted prosecution of a former banker
12/01/2020
Brexit | Action points for pension scheme trustees
As the UK approaches the end of the transition period, what steps should pension scheme trustees be taking?
12/01/2020
COVID-19 impacts Irish law firms, with 60% concerned maintaining profitability is a key challenge for the sector
Nearly two in three Irish law firms has recorded a decline in revenue over the last year, with six out of ten citing maintaining profitability as a key challenge facing the sector over the next two to three years.
12/01/2020
Distribution of Foreign Investment Funds in the UK Post Brexit TPR and OFR
Before transitioning to the OFR, any eligible foreign investment fund which is to be marketed in the UK, is required to be opted into the Temporary Permissions Regime ("TPR") by no later than 30 December 2020.
12/01/2020
Are you ready for the new rules on ESG investment coming into force in March 2021?
The right digital solution isn’t just a tick in the box or a way to avoid further administrative burden – it can enable an increase in client engagement and loyalty and deliver long-term growth.
12/01/2020
New requirements for transferring personal data from Europe
As a result of the New SCCs and other recent developments discussed below, businesses will need to undertake a remediation project to assess their data transfer arrangements.