02/20/2023
FCA starts preparing post-Brexit asset management rules
The feedback will be considered as the FCA begins to adjust its framework in light of the UK leaving the EU.
Legal, Regulation & Compliance
02/17/2023
ESMA assesses supervision of Central Securities Depositories
The report sets out important recommendations for national authorities that aim at reinforcing their supervision of CSDs to ensure efficient securities settlement.
02/17/2023
Inflation is a ‘wicked problem’ − speech by Huw Pill
Introductory remarks given at the Warwick Think Tank, Warwick University
02/17/2023
BoE's chief economist warns over forecast uncertainty
Inflation dropped to 10.1 per cent in January, its lowest level in six months, however Pill warned that the labour market remains extremely tight.
02/17/2023
FCA grants UK e-money license to Payoneer
The license will allow Payoneer to fully operate in the UK and provide its services to UK-based companies.
02/17/2023
Judicial review bid has implications for UK SIPP operators
This includes taking into account the law, codes and good practice that applied at the time of the event and following the rules in the FCA Handbook, although the FOS is operationally independent of the regulator.
02/17/2023
Ex-JPM, Barclays exec Staley discussed Disney princesses with Epstein - lawsuit
The lawsuit claims Staley had a close personal relationship with Epstein and that emails between the two "even suggest that Staley may have been involved in Epstein's sex-trafficking operation".
02/16/2023
Co-Chairs of the Joint Regulatory Oversight Committee welcome the Strategic Working Group report
The industry and other key stakeholders, including consumer and business representatives, play an instrumental role in delivering these outcomes.
02/16/2023
Firm fails after former IFA wins £140k unfair dismissal case
The judge found that Alexander Sloan FP failed to pay Rodger between September 2018 until his resignation in June 2021, and this amounted to a breach of his contract.
02/16/2023
UK's FCA signals sustainability regulation reform
The FCA said in the discussion paper that the focus on sustainability has widened, going beyond climate change to include other topics such as human rights, diversity and inclusion, nature and biodiversity.
02/16/2023
UK provides legal clarity on issuance of digital securities via blockchain
The Taskforce has previously published legal guidelines on the status of cryptoassets and smart contracts
02/16/2023
Addleshaw Goddard: Financial Services & Banking News
The top five most complained about products relate to current accounts, credit cards, car or motorcycle insurance, motor-related hire purchase and personal loans.
02/16/2023
Carey Olsen advises Deutsche Pfandbriefbank AG on financing of UK logistics portfolio
The three UK logistics assets form part of a 200,000m2 European portfolio that includes additional assets located in the Netherlands and Spain refinanced by pbb under a separate debt facility.
02/15/2023
FCA takes action against unregistered crypto ATM operators in Leeds
The FCA gathered evidence from several sites around the city as part of a joint operation with West Yorkshire Police’s Digital Intelligence and Investigation Unit.
02/15/2023
FCA censures Amigo for failing to conduct adequate affordability checks
A fine would also have threatened Amigo’s ability to meet its commitments to a High Court-sanctioned scheme of arrangement, which aims to pay redress to customers.
02/15/2023
ASA rules against DeadHappy’s Harold Shipman advert
In a ruling published today (February 15), the ASA upheld complaints which argued that the advert irresponsibly caused serious, as well as widespread offence and unjustified distress.
02/15/2023
Financial Services & Banking News
The first roadmap priority will focus on the centralised RTGS identity service (PKI) and no active work is planned at this stage on the third category which covers all remaining features in the consultation.
02/15/2023
Invesco shutters Balanced Risk 8 fund due to shrinking assets
'No longer commercially viable'
02/14/2023
IFA firm accused of misappropriating client funds
Around £1.5m was reportedly transferred to the personal accounts of the company’s sole director
02/14/2023
deVere company named as lead pension adviser for UK MPs
This deVere Group-owned company is constantly subject to a process of expert scrutiny and analysis and was subsequently awarded the agreement to advise MPs.