10/12/2022
Transact boss warns IFAs about white labelling
Compliance work that has to be done.
Legal, Regulation & Compliance
10/12/2022
Ogier in Luxembourg assists WISAG in acquisition of Nettoservice
The team was headed by mergers and acquisition specialist Bertrand Géradin
10/12/2022
FCA updates guidance for branch closures
In new guidance published today, the Financial Conduct Authority (FCA) has set additional expectations for banks that are considering branch or ATM closures.
10/12/2022
Columbia Threadneedle suspended dealing in CT UK Property Authorised Investment fund to Restore Liquidity
Suspension of dealing protects interests of all investors
10/12/2022
FCA looking at Blackmore Bond scandal in same 'forensic detail' as LCF
The company running the scheme was not, however, regulated by the FCA, and no individuals involved in the scandal were regulated by the City watchdog either.
10/12/2022
FCA updates guidance for branch closures
The updated guidance further clarifies what is expected of firms and strengthens protections for consumers that rely on branch services.
10/11/2022
FSB outlines next steps for enhancing cross-border payments
The initial work on the Roadmap in 2021 and 2022 has focused on laying the foundations, through the necessary stocktakes and analyses.
10/11/2022
Dutch bank terminates credit relationship with Caribbean law firm VanEps: 'too expensive'
ABN Amro is allowed by the Amsterdam court to terminate the credit relationship with law firm VanEps.
10/11/2022
FCA snubs post-Brexit ‘poster child’ Darlington in blow to government
FCA backs regional strategy that saw Leeds get the nod over sharing space with the government
10/11/2022
Supreme Court rules on directors duty to act in interests of creditors
The payment of the dividend meant that AWA had significantly fewer assets available to pay under its indemnity obligations.
10/11/2022
FCA puts lagging authorisations down to breaches
The regulator also plans to recruit at least 30 more case officers into authorisations in this financial year.
10/11/2022
Talks between Woodford administrator and FCA extended over potential £50m fine
Link Fund Solutions had been given 14 days to respond to the Financial Conduct Authority’s draft warning notice
10/10/2022
BoE to expand gilt intervention as OBR confirms forecast date
UK treasury bonds slumped after the statement, with yields hitting all-time highs and the value of the pound crashing to near-parity with the dollar.
10/10/2022
Two firms with pension related claims fail with FSCS
Incorporated in 2010, the firm went into liquidation earlier this year.
10/07/2022
NIS2 Directive New Cybersecurity Rules Expected in the EU
NIS2 seeks to replace and strengthen the EU's current Network and Information Society Directive
10/07/2022
TPR to prosecute former adviser over pension loans
Under the 1995 Pensions Act and the 2005 Occupational Pension Schemes Regulations, certain employer-related investments made by an occupational pension scheme are prohibited.
10/07/2022
FCA fines Sigma Broking Limited £530,000 and bans and fines its former directors following market abuse reporting failures
Matthew Kent, a current director, has also been fined £83,600.
10/07/2022
Donelan trails Data Protection and Digital Information Bill rethink
“The current draft of the Bill is as complex and ‘one size fits all’ as the regime in force at the moment so, based on Donelan’s comments, more significant carve-outs for small organisations look likely to be proposed,” she s
10/07/2022
Scottish court confirms power of ADR decision makers
The judgement also indicates that how the terms of dispute resolution clauses in contracts are drafted can have a major impact on how the courts will interpret and enforce them.
10/07/2022
Regulation and Readiness Will Go Hand in Hand for European Banks in 2023
Both MiCA and DORA are expected to come to force in 2023.