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Legal, Regulation & Compliance

07/17/2020

Covid-19: FCA and City Corporation 'digital sandbox' for innovative firms

The FCA's dedicated webpage confirms it will publish further information including how to apply to the digital sandbox and the specific use cases later in summer 2020.

07/17/2020

FCA and City Corporation collaborate to help innovative companies drive recovery from coronavirus

Innovation is a powerful driver of effective competition and can help to accelerate the development of new solutions to emerging challenges.

07/17/2020

EU court voids data-sharing pact with US over snooping fears

National regulators have been urged to step up to protect users’ privacy.

07/17/2020

Switzerland and Malta sign protocol of amendment to their double taxation agreement

The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment.

07/17/2020

Carey Olsen partners contribute Cayman, Guernsey and Jersey chapters to latest edition of International Estate Planning: A Reference Guide

It is also testament to our standing among offsore law firms in this practice area that Keith and I were chosen to provide both chapters for the Channel Islands and Bernadette was selected to do the same for the Cayman Islands.

07/17/2020

Treasury Committee to investigate options for raiding the piggy bank

Rishi Sunak will be looking at what is necessary, but also what is palatable to his party and what can be legislated for and implemented in good time.

07/17/2020

Baker McKenzie announces London Office move to the heart of the City

Moving into the heart of the City of London represents our long-term commitment beyond COVID-19 to retaining an office base in what is an incredibly important financial centre to the Firm.

07/17/2020

State Aid: Commission recommends not granting financial support to companies with links to tax havens

The aim of the recommendation is to provide guidance to Member States on how to set conditions to financial support that prevent the misuse of public funds and to strengthen safeguards

07/17/2020

CP86 compliance: can you prove it?

Strong governance is undoubtedly in the fund industry’s best interest; few would argue otherwise.

07/17/2020

Year 'dominated' by FCA shortcomings as 205 complaints made

The commissioner received 205 complaints against the FCA in the year 2019/20, 29 of which alleged it had failed to regulate the financial services industry properly.

07/17/2020

Financial services legislation under the EU (Withdrawal) Act 2018

This work involves making statutory instruments (SIs) under the European Union (Withdrawal) Act to prevent, remedy or mitigate any failure of EU law to operate effectively after the UK leaves the EU.

07/16/2020

ECB’s pledge to encourage bank mergers is falling on deaf ears

M&A rumours make for good gossip but lenders are better off focusing on self-improvement

07/16/2020

Technical consultation: Fifth Money Laundering Directive and Trust Registration Service

A significant majority of respondents agreed with the list of trusts that were proposed to be out of scope of registration

07/16/2020

Landmark Pension Schemes Bill proceeds to House of Commons

Measures to protect savers and the climate are at the heart of the government’s Bill.

07/16/2020

Covid-19: FCA updates guidance and rules on motor finance, HCSTC, RTO, BNPL and pawnbroking

The FCA has also updated its webpages entitled 'Dealing with financial difficulties during coronavirus: information for consumers' and 'Coronavirus: information for consumers on personal loans, credit cards, overdrafts, motor finance and ot

07/16/2020

UK Government welcomes announcements by eight Overseas Territories to tackle illicit finance

Foreign Secretary welcomes the move by the Overseas Territories as a major step to improve corporate transparency.

07/16/2020

Feifa partners with asset manager for European ESG push

Members will get a discount on its 0.4% annual management charge

07/16/2020

Italian Banca Ifis enters the German market in partnership with Raisin

The partnership enables Banca Ifis to extend its banking offers across borders and into Germany, diversifying its funding streams, thanks also to the use of an already operational digital retail banking infrastructure.

07/16/2020

Shareholder Rights Directive – Your Questions Answered

There are several key sections for intermediaries to focus on when preparing for compliance with SRD II.

07/16/2020

Foreign Investment Screening: UK National Security and Investment Bill – Striking a delicate balance

The Government announced the National Security and Investment Bill in December 2019 and it is soon to be published.

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