01/17/2019
Fraudster's advice firm declared in default
An investigation by the City of London Police's Fraud Squad found that between 2005 and 2017, 49-year-old David had been running a Ponzi scheme through HBFS.
Legal, Regulation & Compliance
01/17/2019
ESMA Reports on Accepted Market Practices Under Mar
The report includes ESMA’s views on the application of AMPs together with recommendations to National Competent Authorities.
01/17/2019
Protocol amending the Convention for the Elimination of Double Taxation between Cyprus and the United Kingdom
This latest amendment of the Protocol created a framework that facilitates economic cooperation, fiscal stability and transparency in the relations of the two countries.
01/17/2019
CSDR: Preparing for a New Settlement Regimen
CSDR aims to improve the functioning and stability of financial markets in the European Union
01/17/2019
UK financial services regulator to link top banker bonuses to IT performance
FCA head tells Commons Treasury committee: “We expect banks’ policies on variable remuneration to reflect operational resilience. They have to – if they don’t, we will act.”
01/17/2019
Fieldfisher launches specialist law firm
Claire Cummings, Managing Partner at Cummings Fisher, said: "This is an exciting, innovative move as we continue to evolve to meet the fast-changing needs of legal service users.
01/17/2019
Mourant advises Triton on buyout fund
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
01/17/2019
Court of Appeal puts the record straight: A new test for rectification of trusts in Jersey
The representation was opposed by other beneficiaries of the Trust, B and C.
01/17/2019
Financial Conduct Authority opens notifications for temporary permissions regime in case of no-deal Brexit
The Treasury is putting in place a statutory instruments' framework, which will regulate the temporary permissions regime.
01/17/2019
Investment firm takes fund manager battle to Luxembourg court
Sicav manager looks to unravel mystery of high redemptions before Columna Fund was suspended
01/16/2019
Cyprus: Tax treatment of non-returnable capital contributions
The Tax Department also pointed out that the deductible expenses in relation to the financing of the non-returnable capital contributions shall not be allowed.
01/16/2019
Brexit vote: Pound and market to knee-jerk react before rebounding
The longer the Brexit process is extended, the less chance of a no deal and greater chance there is of a second referendum that will reject Brexit, or a soft Brexit.
01/16/2019
Italy Banks Pare Losses as ECB Bad-Loan Actions Seen as Minimal
Deputy Premier Salvini slams ECB for destabilizing banks
01/16/2019
European Banking Regulators Call for Unity in Crypto Regulations
EBA decried the lack of uniformity in crypto laws
01/16/2019
Hong Kong, Luxembourg Sign Mutual Recognition of Funds Agreement
Eligible Hong Kong funds must be authorised by the SFC and comply with the applicable laws and regulations in Hong Kong if they seek authorisation to be marketed to retail investors in Luxembourg.
01/16/2019
UK government delays British Overseas Territories' deadline for public ownership
Overseas territories worried that the 2020 timetable for disclosure requirements would lead to an exodus of business moving towards more secretive tax havens.
01/16/2019
FCA shifts focus to Mifid product governance
All that work is a product of our supervisory work as to how effective the application of Mifid II has been
01/16/2019
ESAs announce multilateral agreement on the exchange of information between the ECB and AML/CFT competent authorities
The Agreement will create a clear framework for exchanging information between the ECB and CAs and potentially will enhance the effectiveness of their supervisory practices.
01/16/2019
269 funds culled from biggest Swedish fund platform
Of those 533 funds, some 512 are ones that previously were available on the platform.
01/16/2019
Carey Olsen is top TISE listing agent
Carey Olsen partner Simon Marks said: "It has been another outstanding year for Carey Olsen Corporate Finance Limited on The International Stock Exchange.