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Legal, Regulation & Compliance

03/07/2017

IoM regulator investigates another troubled sustainable fund

The latest fund, Quadris was set up on the Isle of Man as a multi-class qualifying fund and invests in sustainable forestry plantations in Brazil that are managed by a company called Floresteca SA.

03/07/2017

EBA provides transparent and harmonised information on asset encumbrance across the EU

When these draft RTS come into force, they will replace the current EBA Guidelines on disclosure of encumbered and unencumbered assets.

03/07/2017

FCA publishes Insurance Distribution Directive consultation

The IDD aims to strengthen and consolidate the existing rules of IMD.

03/07/2017

EBA publishes Opinion on transitional arrangements and credit risk adjustments due to the introduction of IFRS 9

The EBA Opinion focuses on the main elements that should be considered when designing the transitional arrangements.

03/07/2017

Vienna Initiative: New Working Group on Capital Markets Union for CESEE region

Its focus is now on fostering home and host authority coordination in support of stable cross-border banking.

03/07/2017

J O Hambro Capital Management appoints Silverfinch to handle pan-European regulations

JOHCM has appointed Silverfinch in order to utilise the firm’s streamlined approach in dealing with all four regulations and support

03/07/2017

Mills & Reeve builds real estate clout with London merger

The merger, which goes live from June 1, will allow Mills & Reeve to further develop its real estate and projects and construction practices in the UK capital.

03/07/2017

Gina Miller urges FCA investigation into fund management 'price fixing'

Businesswoman and investment campaigner says there is no genuine competition among fund groups

03/07/2017

Law firms cosy up to UK fintech community

Over 25 firms applied, seeking £30,000 of value add services such as legal advice and guidance from experts at the firm

03/07/2017

OJK revokes permit of Royal Bank of Scotland's branch

The plan to shut down the branch offices in Indonesia has been realized in the second semester of 2015.

03/07/2017

Bond Dickinson shortlisted for three Legal Business awards

The winners will be selected by a high calibre judging panel of some of the industry’s leading figures.

03/07/2017

Sale of NBG Group’s stake in the South African Bank of Athens

The transaction is expected to close within the second semester of 2017 and is subject to customary regulatory and other approvals.

03/06/2017

Herbert Smith Freehills - Financial regulation update

PRA speech on capital regimes

03/06/2017

Jersey figures make clear that private placement is effective route for marketing funds into the EU

Particularly against the backdrop of Brexit with market proving such a critical issue for managers, private placement is providing a seamless, cost-effective and flexible route into key European investor markets.

03/06/2017

German bank's £65million Kandinsky painting was looted from Jewish art collector by the Nazis

But after the Nazis invaded the Netherlands in the 1940s, the painting disappeared.

03/06/2017

Sir Philip Green nears comeback as agencies back down

The tycoon wrote a personal cheque in what was the biggest ever payout to the Pensions Regulator.

03/06/2017

Wealth manager forced to pay up over selling Isa to dementia sufferer

She lodged a complaint with the Financial Ombudsman Service.

03/06/2017

The hedge fund boss, the suspended sheriff, a global web of intrigue and a money trail worth millions

Over its short life he paid himself around £34m in salary and benefits.

03/06/2017

Firms continue to fail to meet our expectations on their use of dealing commission

We identified a range of practices, with some showing little thought or consideration behind how research budgets are set and managed.

03/06/2017

Investment managers still failing to ensure effective oversight of best execution

Firms should have a strategy to ensure that all relevant parts of the business are compliant in ensuring best execution.

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