02/13/2017
Observers wary of FCA illiquid fund rethink
Some emphasised the principal issue remained the disconnect between illiquid assets and open-ended funds offering daily dealing.
Legal, Regulation & Compliance
02/13/2017
Cayman Finance New York Briefing Reaffirms Cayman As Industry Leader
The jurisdiction's appropriate legislative and regulatory balance.
02/13/2017
Pioneer launches multi asset strategy for fund of funds duo
The Luxembourg-domiciled fund also has the remit to invest across the entire capital market spectrum
02/13/2017
Supreme Court victory for cohabiting partners of unmarried scheme members
It remains to be seen whether the decision affects private sector occupational pension schemes with similar rules.
02/13/2017
Clarke Wilmott lawyer named in Spear’s 500 guide
Spear’s is regarded as the top guide to the sharpest and most experienced advisers, wealth managers and lawyers around today.
02/12/2017
Financial Conduct Authority looking into property fund suspensions
This was headline news when many funds were forced to suspend trading because of liquidity issues as investors ran for the hills.
02/12/2017
FCA opens discussion on regulatory approach to open-ended funds investing in illiquid assets
The FCA sets out some examples of possible policy approaches to stimulate debate.
02/10/2017
Brexit white paper published – where now for Financial Services?
While certainty and clarity are still some distance away, this article examines the implications of the speech and the paper for the financial services industry as Britain navigates its departure from the EU.
02/10/2017
Looming Regulations Will Drive Regtech Adoption in 2017
With an increase in regulation requiring automated processes and accurate data, adoption of so-called regtech tools is likely to snowball.
02/10/2017
Hargreaves Lansdown breaches company law on dividend payments
The company also stressed that the issue ‘will have not have any effect on the company’s financial position’.
02/10/2017
PRA imposes £17.85m fine on The Bank of Tokyo-Mitsubishi UFJ Limited and £8.925m fine on MUFG Securities EMEA plc for failing to be open with the PRA
The DFS enforcement action also had implications for the then Chair of MUS(EMEA).
02/10/2017
How the Flash Crash Trader’s $50 Million Fortune Vanished
The extent of Sarao’s culpability for the flash crash is fiercely contested.
02/10/2017
Steven Maijoor's address to a Alde seminar on the review of the European supervisory authorities
ESMA needs to have the power to impose higher fines on supervised entities.
02/10/2017
DWF seals association with Saudi law firm
The Kingdom of Saudi Arabia is a hugely important jurisdiction for DWF as we grow in the Middle East.
02/10/2017
German, Swedish Banks Back Tougher Beneficial Owner Rules
Tougher beneficial ownership rules that make it easier to identify the true owners of companies would be helpful.
02/10/2017
Gibraltar insurance regulator insists its standards as high as those in Ireland, after concerns raised
Central Bank staff are understood to have raised issues around the financial viability of some insurance providers
02/10/2017
Italy: Concept of beneficial ownership clarified
The tax authorities determined that the beneficial owner of the income was the ultimate US parent of the group and denied the lower rate of withholding tax.
02/09/2017
FCA issues warning over poor DB pension transfer advice
Left them at serious risk of unsuitable outcomes.
02/09/2017
Capgemini Announces Open Banking Solution for PSD2
Solution Helps Banks and Payment Service Providers Create New Digital Opportunities from PSD2 Compliance
02/09/2017
Bespoke Brexit deal for financial services challenging
The only solution that could potentially take into account all those issues and sensitivities would be a bespoke deal for financial services.