05/11/2020
At World’s Biggest Wealth Fund, Top Hire Slammed by Watchdog
“It’s unfortunate that this wasn’t clarified before the appointment,” the council said in a letter to Norges Bank’s Executive Board.
Legal, Regulation & Compliance
05/10/2020
Greybull and Apollo weigh up swoop for Virgin Atlantic
'A dozen or so' interested parties are circling Sir Richard Branson's struggling airline
05/10/2020
Legal fight looms over Hargreaves Lansdown's role in Woodford fund
The claim is against HL's promotion of Woodford Equity Income ahead of its closure in June last year
05/10/2020
Pension pots worth around £19.4bn unclaimed due to house moves
The government predicts there could be as many as 50 million dormant and lost pensions by 2050.
05/10/2020
Jersey poised to launch lockdown exit strategy – but what can UK learn from islanders?
Jersey’s Chief Minister next week expected to make announcement that will see ‘soft lockdown’, which will ease restrictions on island
05/08/2020
FCA suitability review pushed to 2021
The watchdog began quizzing advisers on their retirement income advice records at the beginning of this year, sending information requests to 125 randomly selected advice firms.
05/08/2020
UK regulators publish Regulatory Initiatives Grid
The regulatory initiatives are categorised as either being generally applicable to all firms or impacting certain types of firm.
05/08/2020
Financial Services Regulatory Initiatives Forum launches Grid to help financial firms’ planning
The High Court has handed down judgment in The Financial Conduct Authority v Skinner & Ors [2020] EWHC 1097
05/08/2020
CJEU rules that Italian financial transactions tax is compatible with EU law
The tax is levied by intermediaries involved in the transactions.
05/07/2020
Financial crime systems and controls during coronavirus situation
Discover our expectations on how firms should apply their systems and controls to combat and prevent financial crime during this crisis.
05/07/2020
FCA secures orders for victims of unauthorised share scheme
'The FCA is able to take punitive and remedial action in some cases but the best protection is to avoid these types of offers completely.'
05/07/2020
Beneficiary Disputes in Focus
By far the most significant proportion of trust companies surveyed thought that the principal source of beneficiary disputes was disharmony amongst the beneficiary group (64%).
05/07/2020
New allegations against Juan Carlos
As part of the administrative assistance, the latter sent its findings about Juan Carlos' secret account to the Spanish national court, which is investigating suspected money laundering, tax evasion and corruption.
05/07/2020
Forum launches regulatory timetable grid early
The grid provides a timetable for major regulatory initiatives.
05/06/2020
UK coronavirus adviser Neil Ferguson resigns after breaking lockdown rules
Key expert in coronavirus response resigns from Sage after admitting ‘error of judgment’
05/06/2020
Workplace coronavirus safety rules must be binding, says Labour
Keir Starmer criticises government’s draft guidance as ‘pretty vague’ and calls for enforcement of common set of standards
05/06/2020
Five headaches for the Bank of England as Covid crisis bites
The Bank is weighing up the prospect of more stimulus as it seeks to prevent deep economic scars from coronavirus
05/06/2020
UK and US begin talks on 'ambitious' post-Brexit free trade deal
International Trade Secretary Liz Truss says a deal will help the countries' economies "bounce back" from the COVID-19 pandemic.
05/06/2020
FCA pilots digital sandbox
There is also an important convening role for us to play, helping to enable greater collaboration to solve complex industry-wide problems.
05/06/2020
PRA updates statutory powers and enforcement webpage
Our ‘Regulatory investigations guide’ provides, at a high level, a ‘roadmap’ of our investigation