- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Big tech should reimburse victims of online scams - British lawmakers

But the report said there was no set timeline for these changes and other major online platforms have not followed suit.

UK Supreme Court building management ruling ‘common sense’ decision

Lord Briggs said it was “both absurd and unworkable” for an RTM company from one block of flats to manage the facilities it shared with other blocks.

Financial Regulation: Daily Update

The CMA does not consider it appropriate to take further formal enforcement action in relation to this breach, however it will monitor the bank’s future compliance closely.

Consumer warning on Falcon Financial Solutions and Thestral Financial Services

Any investments with Falcon or Thestral may not be protected, and you could lose all your money if you invest with them.

EBA launches AML database

EuReCA will contain information on material weaknesses in individual financial institutions in the EU that competent authorities have identified. C

CMA takes Monzo to task over breach of Retail Banking Market Investigation Order

Banks and building societies are required to publish the MMC every time they publish any charges that could accrue to an account as a result of exceeding, or attempting to exceed, a pre-agreed credit limit.

FCA removes firms' permissions over unauthorised investment concerns

The watchdog warned those invested in either firm are now at risk of losing all of their money.

Jersey Resolution Authority goes live

The JRA will set the strategic direction of work on bank resolution, oversee the exercise of its legal duties and obligations, and help raise the international profile of Jersey among international counterparts.

TBC and Proparco sign a USD 50 million loan agreement to support SMEs in Georgia

This transaction further reinforces partnership between Proparco and TBC Bank.

Property Litigation Team in Supreme Court for Key Electronic Communications Appeals

This litigation is therefore significant for both landowners who host, or may be required to host, electronic communications apparatus on their land, as well as Operators themselves.

MiFID - ESMA consults on opinion on the trading venue perimeter

ESMA also reiterates the position it stated in the Final Report that a system that “pre-arranges" transactions for execution on a trading venue is not itself multilateral, now taking the view that the pre-arranging firm acts as 'an extensi

New standard contracts for transfers of personal data from the UK to be approved

Similarly, the IDTA requires data exporters to undertake a transfer risk assessment to consider the local laws, practices, and risks which might render the protections provided by the IDTA insufficient.

Advisors Shouldn't Rush To Lower Fees, Janus Henderson Says

In addition to holding fees steady, advisors will need to embrace behavioral finance in order to serve clients well, Sommer said.

ESAs welcome ESRB Recommendation to create a pan-European systemic cyber incident coordination framework

This will support an effective and coordinated response at EU-level in the event of a major cross-border cyber incident that could have a systemic impact on the Union’s financial sector.

UK Immigration: new scale up visa launching spring 2022

The new Scale Up visa system aims to encourage innovation by streamlining the process for ‘Scale Up’ businesses to bring those who are “very highly skilled” and “academically elite” to the UK.

Carey Olsen advises on launch of first Guernsey medicinal cannabis and psychedelics fund

Primarily focused on the European market, Leafy Tunnel has started building a portfolio of companies that it hopes will lead, legitimise and form the future of cannabis and psychedelics in the medical industry.

New Gender diversity rules for large Dutch companies

Dutch companies will be obliged to report on their progress to the Economic and Social Counsel annually.

Financial Regulation Update

The letter sets out the FCA's expectations of insurers and insurance intermediaries as part of the wider industry, including with regard to consideration of leaseholders.

ESMA Guidance On Funds' Marketing Communications

Guidelines aim at aligning the marketing communications regime applicable to Managers with the regime currently applicable to MiFID

Financial Regulation: Daily Update

In particular, the FCA plans to broaden its engagement with solo regulated firms to support them in engaging with the transformation programme.

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