07/06/2022
PIMFA calls on Government and Regulator to widen access to advice to more UK consumers
Current debates around how UK savers can be supported tend to focus on how the mechanisms to help those who are already invested can be improved.
Legal, Regulation & Compliance
07/05/2022
Alexander David Securities Limited enters liquidation
ADSL is an FCA regulated firm which was authorised to conduct investment related activities.
07/05/2022
FCA cancels listing of Umuthi Healthcare Solutions
UHS has the right to appeal this decision by making representations to the FCA or referring it to the Upper Tribunal.
07/05/2022
Board of ScotGems trust put forward liquidation proposals
These proposals, if approved, would mean a full cash exit for shareholders less the costs.
07/05/2022
Carey Olsen announces 16 senior promotions across group
The announcement of the senior promotions follows the news that Carey Olsen has also welcomed Kyle Masters, Sam Stevens and Jay Webster in Bermuda, Louise Woolrich in Jersey and Matthew Brehaut in London to the partnership – bringing the total numbe
07/05/2022
Overseas policy sees FCA delay next step on ESG labels
If adopted, these will require funds and advisers to provide more specific ESG disclosures in fund prospectuses, annual reports, and adviser brochures.
07/04/2022
Paradigm launches consumer duty support for advisers
The hub is available to all advisory firms, not just Paradigm members, and contains a video series from Paradigm’s team of practitioners.
07/04/2022
FCA outlines post-Brexit rules for UK markets
The London Interbank Offer Rate, or LIBOR, is a rate based on quotes from banks on how much it would cost to borrow short-term funds from one another.
07/04/2022
Geneva discord: Inside a fund manager feud
A look inside the legal battle between Polar Capital and Pierre Py over a joint venture called Phaeacian Partners.
07/04/2022
Joint Statement on the U.S.-UK Financial Innovation Partnership Meeting 29th June 2022
The United States and UK are committed to continuing to cooperate to support safe innovation and strengthening regulatory outcomes for stablecoins across jurisdictions.
07/04/2022
Wirecard’s former top accountant admits forging audit documents
Russia captures Luhansk region and several dead in Copenhagen mall shooting
07/04/2022
A new trading rule to prevent another 2008 crisis is almost here – and it could blindside 800 firms
Phase six of the uncleared margin rule, or UMR, for derivatives kicks in on 1 September
07/01/2022
Addleshaw Goddard: Financial Services & Banking News
The blog states that if the FOS believes a business has treated a customer unfairly or made a mistake, then it will ask the business to put things right, usually by putting the customer back to the position they would have been in if the problem had not o
07/01/2022
Bankhall and PMS add adviser panel for protection referrals
The panel’s formation follows Sesame Bankhall Group’s ‘Protection Pledge’ adviser campaign, which attempts to commit advisers to talk about the need for protection with every client.
07/01/2022
Watchdog lets Sberbank Swiss unit pay creditors, points to sale
FINMA on Friday said the bank had since stabilised its financial situation
07/01/2022
New regulations solve cross-border hybrid hearing issues
As a result, fully remote hearings could be live streamed with the permission of the court. However, these provisions did not apply to hybrid hearings.
07/01/2022
Whose ‘best interests’ are really at heart in the UK Court of Protection?
With this approach there is far more room for discourse and nuance.
07/01/2022
FCA resolves High Court proceedings in relation to unauthorised deposit taking
The FCA sought orders to stop the activities continuing, to freeze up to £1.3m in assets, declarations of breaches and the return of money to victims.
07/01/2022
Finding opportunity in a world of uncertainty
This new Consumer Duty expects firms to not just prevent harm, but to show that they are actively trying to meet their customers’ needs – in product design, in how products are described and sold and in post-sale customer service.
07/01/2022
EU – New Zealand Trade Agreement: Unlocking sustainable economic growth
Bilateral trade is expected to grow by up to 30% thanks to this deal, with EU annual exports potentially growing by up to €4.5 billion.