- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Fines issued by the FCA more than doubled in 2022

The number of FCA fines levied against individuals also rose, from only three in 2021 to 10 in 2022.

UK Regulatory Horizon Scanning Update: Q4 2022

The FCA are seeking views on their proposed rules to introduce a new financial resilience regulatory return for solo-regulated firms.

PFS board advisers say governance failure claims lack evidence

“As member directors and co-opted advisers, we want formally to express our severe disappointment with the announcements made by the CII just before Christmas,” the statement read.

French watchdog fines H2O Asset Management, executives over Tennor investments

The AMF in its decision said the financial penalties would be accompanied by disciplinary sanctions, citing several failings related to the acquisition and management of the Tennor assets

Pensions Ombudsman orders rogue trustees to repay £12.6mn

The case was brought by Dalriada Trustees, which was appointed by the Pensions Regulator as independent trustee of the Optimum Retirement Benefit Plan in 2018, and an individual complaint by a scheme member.

Marketplace operators face increased liability risks when advertising counterfeit goods

Louboutin had sued Amazon in Belgium and Luxembourg, claiming that because Amazon regularly advertises red-soled shoes offered by third party sellers, it has infringed that trade mark.

Legislative Clarification on the Luxembourg Reverse Hybrid Entity Tax Rule with Retroactive Effect

The rule now requires that the double non-taxation outcome resulting from the reverse entity must only be due to the mismatch classification of such entity.

H2O AM hit with record fine over Windhorst-linked investments

€100m in total

The real impact of RDR is empowerment, not professionalism

For others, the increased levels of professionalisation – added to the net effect of driving poor actors out of the market – have only strengthened their own businesses.

Warning demand for bank services will fall as recession looms in 2023

The base rate has increased from 0.1 per cent in December 2021 to 3.5% following a series of rises throughout 2022 as the Bank sought to put the brakes on surging inflation.

Conyers Celebrates 25 Years in London

Our London office has grown over the years, and our team there has considerable experience with M&A and general corporate matters

FCA will defend BSPS redress scheme if called on

The FCA published its final rules for the BSPS redress scheme on 28 November.

Bank fined €310,000 for failings on anti-money laundering laws

ECCM did not indicate where a transaction of €100 million came from

FCA fines Santander over £100m for numerous AML failings

Investigation reveals failings amassed over almost five years

New EU rules applying to non-EU companies

Turkish companies meeting the conditions laid out in the Directive will need to take into account the new sustainability reporting standards imposed by the EU and to implement new procedures in that respect.

Linklaters advises DKSH on its acquisition of DNIV Group in Singapore

The Linklaters team was led by Singapore-based corporate partner and global co-head of TMT Niranjan Arasaratnam.

Jordan Kuwait Bank : European Investment Bank...

This is the second EIB loan to Jordan Kuwait Bank and is part of a broader EUR 350 million financing program, endorsed by the EIB in May 2022, aimed at strengthening the economic resilience of Jordan's private sector.

HMRC issues one month warning to millions of people ahead of deadline

The deadline for Self Assessment tax returns are rapidly approaching

London letting agent hit with 11-year ban after repeat abuse of Bounce Back Loan scheme

Letting agency boss claimed multiple loans totalling £100,000 from two different banks, and attempted to claim a further £50,000 through the scheme

Linklaters advises Echo Investment on the sale of the Face2Face Business Campus office complex in Katowice

Face2Face Business Campus consists of two buildings encompassing 47,000 sqm of office space.

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