04/01/2019
Hundreds of CMCs register for FCA authorisation
The City watchdog warned it will use a range of powers if authorised CMCs do not comply with its rules
Legal, Regulation & Compliance
04/01/2019
Between a Legal "Rock" and a "Compliance Hard Place"?
ICO fines Grove Pension Solutions Ltd (Grove) £40,000 for sending almost 2million spam emails
04/01/2019
Private mergers and acquisitions in the Isle of Man: overview
First published in the Thomson Reuters Practical Law Private Mergers and Acquisitions Global Guide 2019
03/31/2019
European Investment Fund able to invest into Guernsey again
Confirmation earlier this month that the island’s legal substance requirements were considered compliant with EU requirements, has meant that the European Investment Fund is once again permitted to invest into Guernsey funds.
03/31/2019
Brexit: the FCA confirms final rules for firms
The FCA has also confirmed it has extended the notification window for firms who wish to enter the TPR until the end of 11 April 2019.
03/31/2019
FCA and SEC sign updated supervisory cooperation arrangements
These MOUs will come into force on the date EU legislation ceases to have direct effect in the United Kingdom.
03/31/2019
Brexit: SRB expectations
Banks are expected to engage in a dialogue with the SRB on their MREL issuance planning
03/31/2019
Justices clarify—and potentially expand—securities fraud liability for persons who participate in distributing false statements
The Supreme Court granted certiorari to address only whether someone who is not a “maker” can be found to have violated the other subsections of Rule 10b-5
03/29/2019
EU demands members ‘phase out’ golden visas
The schemes jeopardise and pose security risks to the bloc, European Commission says EmailFacebookTwitterLinkedInPrint
03/29/2019
ESMA fines CRAs for failing to comply with CRAR requirements
ESMA has also issued supervisory measures against the three CRAs, in the form of public notices
03/29/2019
EP adopts its position on EU rules on crowdfunding platforms
Scope of the Regulation extended to include crowdfunding offers up to EUR 8 000 000
03/29/2019
Corporate Taxation in the Global Economy By Christine Lagarde
The current international corporate tax architecture is fundamentally out of date.
03/29/2019
Financial firms must address sexual harassment 'cultural failings'
Tackling sexual harassment within the financial services industry will require cultural change from firms, from senior leadership down, an expert has said.
03/29/2019
Ex-Barclays man found guilty of rate-rigging
The Serious Fraud Office brought the prosecution at Southwark Crown Court.
03/29/2019
Austria: Comprehensive CFC regime introduced
The CFC rules, which apply for tax periods beginning after 31 December 2018, implement articles 7 and 8 of the ATAD.
03/29/2019
HM Revenue & Customs publish no-deal Brexit withholding tax guidance
Under UK law, there is no obligation to withhold tax on dividends.
03/28/2019
Denmark to bolster financial regulator after Danske scandal
The bank is under investigation in the United States, Denmark, Estonia, France and Britain.
03/28/2019
Former banker convicted in SFO’s EURIBOR manipulation case
Former Manager of the Liquidity Management Portfolio at Barclays Bank, Sisse Bohart, was acquitted.
03/28/2019
EIOPA analyses licencing approaches to InsurTech
At this stage – also reflecting EIOPA's overall stance of technological neutrality and support for establishing a level playing field for all market participants – there seems to be no need for further regulatory steps on licensing.
03/28/2019
EIOPA calls for principle based regulation of cloud computing
In the European financial regulatory landscape, the purchase of cloud computing services falls within the broader scope of outsourcing.