08/10/2016
Broker fined for Quindell listing failures by FCA
An AIM-quoted company that provides various securities-related services to UK companies.
Legal, Regulation & Compliance
08/09/2016
Barclays reaches US$100 million US Libor settlement: NY attorney general
Manipulated Interest Rates Hurt Government And Not-For-Profit Entities In New York And Across The Country
08/09/2016
Hoots and squawks come home to nest at Deutsche Bank
Bank to pay $12.5m to securities watchdog over information broadcast on internal speaker system
08/09/2016
One monthe to deadline for implementing FCA and PRA whistleblowing rules
Given the distractions of the summer holiday season and the aftermath of the Brexit referendum, it would be understandable if other developments slipped off the radar.
08/08/2016
Fraud claims leave life insurers in a fix
Life insurance companies in a fix over the provision of claims
08/08/2016
FIX Trading Community announces new recommended guidelines for the use of FIX in multi asset classes for post-trade
Following on from its work with cash equities, the working group assessed a number of different asset classes and how variations in workflow can create issues.
08/08/2016
Black Country law firm boosts private client team
Has strengthened its employment and private client teams.
08/08/2016
Lawyers begin to feel Brexit pain
A Greek lawyer will run in the marathon at the Rio Olympics this month having qualified without realising.
08/08/2016
Olswang turnover drops 11 per cent as merger hunt continues
Profit per equity partner was flat at £490,000, while total remuneration to all classes of partner was £32.3m, down by 17 per cent from £39m.
08/06/2016
Isle of Man Regulatory Update - Appleby
Alternative Banking Regime in the Isle of Man
08/05/2016
FCA minutes of MiFID II implementation roundtable
The FCA has published minutes from the MiFID II implementation roundtable held on 26 May 2016. Items discussed at the meeting include:
08/04/2016
Future Marketing Rules for Non-EU Fund Managers in Germany
Germany’s private placement rules for funds will change again.
08/04/2016
The ex factor: meet London's A-list female divorce lawyers
When the global elite decide to split, they come to London, where they call on the services of our premier-league female divorce lawyers.
08/04/2016
FINRA fines Barclays $1.3 million for order reporting violations
FINRA rules require firms to transmit to OATS complete and accurate data relating to events in the lifecycle of an order, called Reportable Order Events. FINRA found 15 system issues at Barclays Capital that gave rise to OATS reporting violations.
08/04/2016
Prepare for the day of the MiFIDs
Its underlying thesis is that all parties must not only comply with their own obligations, but must also be aware of what is happening up and down the chain, and receive and pass on more information and data.
08/03/2016
FCA to overhaul bad pension transfer advice redress
The Financial Conduct Authority (FCA) has today announced that it intends to consult in autumn 2016 to update the methodology used to calculate the levels of redress due in cases of unsuitable advice on transfers from defined benefit (DB) occupational pen
08/03/2016
Investment advisers’ and authorised firms’ responsibilities when accepting business from unauthorised introducers or lead generators
This alert highlights some of the risks arising from authorised firms accepting business from unauthorised introducers/lead generators and/or other authorised firms (the ‘introducer’).
08/03/2016
Market Abuse Update - Herbert Smith Freehills
The Market Abuse Regulation (MAR) and the Criminal Sanctions (Market Abuse) Directive (CSMAD) came into application in Europe on 3 July. MAR applies in the UK. CSMAD does not, although it will have a considerable indirect impact.
08/03/2016
In-house: Hogan Lovells, Clifford Chance and Linklaters pick up spots on new EU banking panel
The SRB was established at the start of 2016 with the role of winding up failed Eurozone banks as the key decision making body within the EU's Single Resolution Mechanism.
08/02/2016
The AIFMD Passport Extension to Non-EU Managers
These Australian relief provisions currently exempt UK and German managers from the requirement to hold an Australian licence to market funds to Australian investors in certain circumstances.