10/30/2018
Hong Kong and UK regulations clash
Some retail funds in Hong Kong do not meet UK requirements for local distribution under new agreement
Legal, Regulation & Compliance
10/30/2018
EU citizens to retain rights to remain in Jersey
The planned amendments to the Jersey Immigration Rules will launch the Jersey EU Settlement Scheme, which will begin in January 2019.
10/30/2018
An update on our approach to authorisation and our Brexit preparations
Speech by Sarah Rapson, Director, Authorisations at the Association of Professional Compliance Consultants (APCC) Autumn Conference.
10/30/2018
Carey Olsen repeats clean sweep of Tier One rankings in Legal 500 UK
"We would like to thank our clients and peers for their time and positive endorsements during the research process and our staff for their continued commitment and hard work."
10/29/2018
Russian Sovereign Wealth Fund Attracts Saudi Partner to Its Fund With China
RDIF and China Investment Corporation previously contributed $1 billion each to their fund, which has invested in more than 25 projects in the forestry, infrastructure, consumer goods, financial and other sectors since its establishment in 2012.
10/29/2018
Millions of women to share pensions windfall
Around 35,000 Lloyds pension scheme members are likely to receive a minimum refund of £500.
10/29/2018
Jail for fraudster trio who conned £415k
After entering the office they had suspicions that the company was set up as a boiler room.
10/29/2018
UK law firm snaps up rival
UK law firm Gordon Dadds snaps up rival for £34m
10/29/2018
FCA reveals jump in complaints to over 4 million
Firms need to be doing all that they can to reduce complaints
10/28/2018
“Onshoring” Statutory Instruments Comment Series: Bank Recovery and Resolution: 26 October 2018
The FMLC would, nevertheless, encourage HM Treasury and HM Government to publish, wherever possible, guidance which might enable impacted firms and institutions to begin planning for the future.
10/28/2018
Basel Committee calls for further progress in the implementation of Basel III standards
The report sets out the adoption status of Basel III standards for each Committee member jurisdiction as of end-September 2018.
10/28/2018
Barclays avoids trial over £6bn Qatar rescue package
Court rules against reinstating charges brought by Serious Fraud Office against bank
10/26/2018
Bank of England checking lenders’ easy-to-access liquidity
PRA chief addresses ability to withstand severe Brexit dislocation
10/26/2018
Royal London and 7IM latest targets for ‘clone firm’ scammers
The FCA warns “this firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm”.
10/26/2018
CySEC Warning List Helps to Put Fraudsters Out of Action
75 percent of the sites on the regulator's non-approved domain list have shut down
10/26/2018
British public urged to be aware of poppy merchandise scams
The Intellectual Property Office and The Royal British Legion warn consumers ahead of Remembrance 2018.
10/26/2018
JPMorgan Hack Justifies Secret Accounts, Ex-UBS Banker Says
Raoul Weil says their features protect identities from hacking
10/26/2018
High Court rules that pension schemes are required to equalise benefits for the effect of GMPs
The trustees of these schemes need to take prompt action to equalise members' benefits and to agree their approach with their scheme's sponsor.
10/26/2018
Beware of the relentless spread of personal accountability across borders
This is a body established to coordinate at an international level, the work of national financial authorities in order to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies.
10/26/2018
City Tower Sold for £385m
The deal represents one the largest single asset sales in the City of London this year.