05/25/2022
Geldards scoop Private Client Team of the Year at Wales Legal Awards
The team toasted their success along with the other shortlisted finalists at an awards evening at Mercure Cardiff Holland House Hotel on Friday 20th May.
Legal, Regulation & Compliance
05/25/2022
Sweden's Financial Supervisory Authority hands out €9.5m fine to digital bank
The SFSA says in their decision that Nordnet has not had a satisfactory level of internal governance and control in relation to EU's short-selling regulation.
05/24/2022
UK authorities look to strengthen resilience of Money Market Funds
MMFs are a type of open-ended investment fund, considered to be a low-risk investment that gives investors credit risk diversification and a place to hold, rather than grow, their assets.
05/24/2022
New European ESG Reporting Service for Asset Managers Launched by Broadridge Ahead of Upcoming SFDR Requirements
With a track record of over two decades of subject matter expertise, the solution is based on already established processes for managing regulatory reporting for funds and an existing dissemination network to industry end points.
05/24/2022
Addleshaw Goddard: Financial Services & Banking News
The discussion paper builds on the EIOPA's 2021 work on physical risks and focuses on assessing the materiality of the insurance sector exposure to physical climate change risk under a financial stability perspective.
05/24/2022
UK Model Articles and Sole Directors
All limited companies formed in the UK must have articles of association.
05/23/2022
Germany’s corporate whistleblowers stuck in legal nowhere land
Three years after EU directive, activists say legislation aimed at boosting safeguards should go further
05/23/2022
Linklaters advises Staples UK on further de-risking of its pensions scheme
The scheme trustee will now work with L&G towards a buyout within set timeframes.
05/23/2022
Court of Appeal: transfer of assets abroad tax rules should be ‘kept in reserve’
The comments, in a recent judgment, will be welcomed by taxpayers, said tax expert Josie Hills of Pinsent Masons.
05/20/2022
Charitable trusts environmental investment ruling could have wider repercussions
The charity trustees had recognised that implementing their proposed Paris-aligned investment strategy would cause a financial detriment to the charities in the short term, with the risk beyond that unclear.
05/20/2022
Chancellor Rishi Sunak speech at CBI Annual Dinner
The speech by Chancellor Rishi Sunak, as delivered at the CBI annual dinner on the 18th May.
05/20/2022
An EU retail passport for alternative funds?
It is possible that AIFMD negotiations will conclude before the end of 2022.
05/20/2022
Central clearing: three lessons and a path forward − speech by Christina Segal-Knowles
Given at the European Association of CCP Clearing Houses (EACH), Brussels
05/20/2022
NIS2 moves closer as deal reached on cyber laws
The draft NIS2 included ‘size-cap’ rules that envisaged medium and large entities in the relevant sectors falling automatically within its scope.
05/20/2022
ECB Pressuring Post-Brexit «Empty Shell» Banks
The large migration of bankers and staff that was expected following Brexit didn't materialize, with estimates that around 7,000 people have left, according to the «FT».
05/19/2022
Woodbrook Group gives up Cyprus licence
Company has been dissolved since October 2021
05/19/2022
The issue with providing ‘reverse solicitation’ to EU clients
Regulators across the bloc have started to scrutinise the practice by UK advisers
05/19/2022
Rainbow Saver Anglia Credit Union Limited enters administration
All customers should remain alert to the possibility of fraud.
05/19/2022
FCA to gain new powers to protect UK communities’ access to cash
‘Reasonable’ distance to be laid down on how far to go for bank and building society services
05/19/2022
PwC’s Global Economic Crime and Fraud Survey 2022
Protecting the perimeter: The rise of external fraud