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Legal, Regulation & Compliance

11/30/2023

PIMFA welcomes FCA proposals for Sustainability Disclosure Requirements

Investment labels will help match investors with the funds that are right for them, and the added Sustainable Mixed Goals label will address the problem of funds with multi-asset strategies.

11/30/2023

BCC Iccrea Group and BNP Paribas Cardif sign a strategic partnership for life insurance in Italy

The proposal submitted by BNP Paribas Cardif, the insurance arm of the BNP Paribas Group stands out in terms of product range

11/30/2023

Personal investment firms that give bad advice to hold capital for redress

Any firm not holding enough capital will be subject to automatic asset retention rules to prevent them from disposing of their assets.  

11/30/2023

OECD gives murky economic picture, as UK urged to reform triple lock

The OECD isn’t expecting any rate cuts until late 2024 and for some economies not until 2025.

11/30/2023

Opening remarks at the 50th anniversary of the London Foreign Exchange Joint Standing Committee (FXJSC) - Andrew Bailey

Given at FXJSC 50th Anniversary event held at the Bank of England, London

11/30/2023

Addleshaw Goddard: Financial Services & Banking News

The FCA has also published an accompanying Dear CEO letter, which reminds firms that they must not seek to avoid potential redress liabilities.

11/30/2023

Seventh edition of the Regulatory Initiatives Grid

FSMA 2023 also provides a framework to repeal retained EU law

11/30/2023

Allfunds receives UK regulatory authorisation

Third Country Branch

11/29/2023

FCA's unveils 'landmark' sustainability rules, but some areas will need ongoing clarification

This is vital for those funds investing across the spectrum of assets and allows the FCA to bring fund of funds into scope too.

11/29/2023

CCLA launches AdviserAction group to ‘drive sustainable outcomes’

In its survey of 20,000 consumers, the Financial Conduct Authority found that 81% would like their investments to do good as well as deliver a financial return.

11/28/2023

FCA bans two advisers for poor BSPS advice

Resulting in £9,769,550 of pension funds being transferred to riskier defined contribution schemes.

11/28/2023

Government should ‘go further’ on Isa shake-up

It will also allow partial transfers of Isa funds in-year between providers from April 2024.

11/27/2023

EU Commission announces €4bn Innovation Fund call

The Innovation Fund can cover up to 60% of a project's relevant costs, with eligibility extended to projects in the EEA, including the maritime, road transport and buildings sectors.

11/27/2023

HSBC UK investigating as customers struggle to access banking services

The bank has apologised to customers and is working to restore its mobile and online banking service, including the authorising of online card purchases via the app.

11/27/2023

Addleshaw Goddard: Financial Services & Banking News

The report explores where AI is currently being deployed; where it shows promise for the future; and how to make the most of the opportunities on offer.

11/27/2023

FCA finds investment firm IFPR understanding still lacking

This is the final report from the FCA on the implementation of IFPR.

11/27/2023

Klarna gets full UK approval to offer credit and payments, but BNPL goes unregulated

The Stockholm-headquartered fintech established a new UK holding company called Klarna Financial Services UK to secure regulatory approval.

11/27/2023

FCA bans Nigel Lewis and Susan Jones for incompetent British Steel Pension Scheme advice

Mr Lewis has also been banned from holding any senior management functions in a regulated firm.

11/24/2023

Luxembourg Sets Pace for Private Credit in Europe

Private credit has been a key beneficiary of this mood and Luxembourg has been right at the centre of this activity as a primary jurisdiction for private credit in Europe.

11/24/2023

Unregulated Buy Now Pay Later (BNPL) firms becoming authorised

While BNPL products can provide a useful way to spread the cost of a purchase for some people, it's important that consumers are aware that many BNPL products remain unregulated.

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