12/12/2022
Metro Bank and two former directors fined for financial reporting breach
'The UK’s Listing Rules impose high standards on issuers and their officers which Metro Bank, Mr Donaldson and Mr Arden failed to meet in this case.'
Legal, Regulation & Compliance
12/12/2022
FCA begins targeted review of appointed representatives
It is writing to principal firms requesting mandatory information about their ARs
12/09/2022
EU proposes rules to spur clearing shift to bloc from London
The EU wants to reduce its dependence on London, which continues to dominate Europe’s financial infrastructure even after Brexit.
12/09/2022
Credit Suisse Can Pursue Softbank Suit in London
The lawsuit is likely to involve claims of around $440 million, which the Greensill company is asserting against US construction firm Katerra.
12/09/2022
FCA sets out how mortgage firms should be supporting borrowers
It has published guidance setting out options firms can use to support their customers to manage their monthly mortgage payments, alongside new information for borrowers affected by rising prices.
12/09/2022
FCA fines three broker firms £4,775,200 for failures relating to the detection of market abuse
It is of fundamental importance to the integrity of the market that brokers such as BGC/GFI have effective market abuse surveillance systems in place.
12/09/2022
FCA fines Santander UK £107.7 million for repeated anti-money laundering failures
The firm also failed to properly monitor the money customers had told them would be going through their accounts compared with what actually was being deposited.
12/09/2022
Financial sector rules slacked by growth-seeking government
Edinburgh reforms
12/09/2022
Lower house approves bill that would reduce scope of extraterritorial taxation
The bill must still be approved by the upper house of parliament
12/09/2022
UK to Ease Financial Regulations in Post-Brexit Shakeup
Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center
12/09/2022
Edinburgh Reforms to REITs will end uncertainty around existing property loopholes
The amendment of the REIT rules will simplify transactions by opening some of the loopholes already in use across the industry rather than trying to close them.
12/08/2022
Dutch Rabobank in money laundering, terror finance probe
But the DNB concluded last year that Rabobank was still falling short and slapped it with the fine and the recommendation.
12/08/2022
New flexible working rights good news for employees
The Employment Relations (Flexible Working) Bill (5 pages / 101KB PDF), proposed by Yasmin Qureshi MP, will require employers to consult with an employee before rejecting a flexible working request
12/08/2022
Burges Salmon named as Top 75 UK employer in Social Mobility Foundation Index 2022
The firm is recognised for its commitment to advancing social mobility in both community and workplace
12/08/2022
FSCS confirms 10 regulated firms in default
A default usually means the firms have gone out of business and are unable to meet any claim themselves.
12/08/2022
Financial services industry delving into data: the new consumer duty across insurance, asset and wealth management
Much has been written about the Consumer Duty, but an important aspect to hone in on is the role data and analytics can play in the successful implementation of the duty.
12/08/2022
FCA proposes new regime for mainstream UK investment financial advice
The proposals have been made following the regulatory body’s recent Financial Lives survey, which found around 4.2 million people in the UK hold more than £10,000 in investable assets mostly or entirely cash and are open to investing some of i
12/08/2022
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The depth of the knowledge, expertise and experience of service providers here is world renowned.
12/08/2022
Mourant acquires Luxembourg legal and governance services business
The acquisition will enable Mourant to provide clients with legal, corporate and entity management services from Luxembourg, one of the world's leading international finance centres and the second largest global funds centre.
12/08/2022
IQ-EQ's UK Regulatory Compliance business expands with acquisition of Laven Compliance Ltd
The acquisition does not involve any other part of the Laven Group.