03/31/2020
Watchdog puts brakes on FNZ and GBST merger
The number of companies involved in back-office platform technology is small
Legal, Regulation & Compliance
03/31/2020
ECB wants to parade the banks for the bonuses
Already at the end of last week, the ECB, under its supervision, ordered the 117 major European banks to freeze dividends and share buybacks until at least October.
03/31/2020
UK temporarily changes insolvency laws amid pandemic
Firms undergoing rescue or restructure can keep trading to avoid winding up
03/31/2020
Ukraine parliament passes bank law required for IMF loan in first reading
Lawmakers also voted to speed up the adoption of the law, giving the parliament’s finance committee less than two weeks to prepare it for the second reading.
03/31/2020
FCA denies adviser authorisation over compliance concerns
In particular, there were no policies for dealing with vulnerable customers or anti-money laundering, and the compliance monitoring document was insufficiently tailored to the business.
03/31/2020
Spanish Supreme Court Rules in Favor of Spanish Dividend Withholding Tax Refund
In this series, Forum members will regularly share their views on current and important topics.
03/30/2020
Coronavirus: FCA summons council of war
With comparisons moving beyond the 2008 financial crisis to the 1930s, Woolard has been at the heart of efforts by policymakers to quell the economic impact of the virus, which has caused tens of thousands of deaths around the world.
03/30/2020
Bankruptcy Experts Call for Looser Rules to Save U.K. Firms
The U.K.’s Insolvency Service didn’t push back against the idea, saying in an emailed reply to questions: “We are listening to our stakeholders in the insolvency industry about what additional measures could be taken to help businesses d
03/30/2020
The marketing of EU funds into the UK Post-Brexit: The Death Knell for the UK funds industry?
If the UK Government insists on allowing EU funds to continue to be marketed without reciprocal passporting, this could be the beginning of a gradual demise for the UK funds industry.
03/30/2020
The future of Real Estate and why Luxembourg holds the key
To prevent an accumulation of frozen assets, fund managers need to identify ways to truly integrate ESG principles into their real estate portfolio without greenwashing and communicate this clearly and effectively back to the investor.
03/30/2020
Sanlam freezes fees for large firms as hike goes ahead
The adviser also questioned how Sanlam intended to work with its ARs who will struggle financially in the next few months as this has not yet been communicated.
03/30/2020
FCA tells advisers to work from home
This statement applies to all FCA-regulated firms across the UK, including in Scotland, Wales and Northern Ireland.
03/29/2020
Santander Begins To Merge The Funds Of The Former Private Bank Of Popular
In recent weeks, Santander has accelerated the integration of the last pending fringes of Popular after its acquisition
03/29/2020
Amendments Made to the Malta Retirement Programme, Global Residence Ptogramme, Residence Programme and the United Nationas Pensions Programmes Rules
This Legal Notice specifies that such household staff must be in an employment relationship with the beneficiary
03/27/2020
Coronavirus Job Retention Scheme (Furlough leave)
It seems it is unlikely that the system will be up and running for several weeks which means the money to reimburse employers for employee wages may not be accessible for some time.
03/27/2020
Businesses to Receive 3-Month Extension Period to File Accounts During COVID-19
While companies will still have to apply for the three month extension to be granted before the accounts are due to be filed, those businesses citing issues around COVID-19 will be automatically and immediately granted an extension.
03/27/2020
UK in-house lawyer was ‘puppet director’ for dubious £16m schemes
The schemes resulted in multi-million-pound losses and the creation of meritless legal charges required the intervention of a liquidator.
03/27/2020
RollOnFriday calls for hiatus on pay and job cuts as Fieldfisher and more take savage measures
The board of Knights is taking a 30% pay cut, although the nobility of their sacrifice is debatable given that an interim dividend of 1.1p per share was declared last week which showered them all in cash.
03/27/2020
The impact of coronavirus on arbitration: the options
Virtual hearings will not be a panacea in every case, however they may be a viable option for parties who might otherwise be faced with an extended period of financial uncertainty.
03/26/2020
UK Government Provides COVID-19 Related Tax and Financial Support for Businesses
In addition to financial support, the UK Government has also announced a number of other tax-related measures to help businesses, employees and contractors manage the COVID-19 pandemic.