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

Responsible investment consultation: UK Charity Commission publishes responses

A point raised in the consultation was whether the term ‘responsible investment’ is helpful.

Privy Council clarifies jurisdiction of freezing orders in key BVI case

Viewed from an English litigator’s perspective, the Convoy Collateral decision is not especially groundbreaking.

Art collector's court case signals potential legal and contractual issues with NFTs

According to the NFT Report 2020, published by L’Atelier BNP Paribas and Nonfungible.com, the value of the NFT market grew by 299% in 2020.

Dubai royal divorce begins

A ten-day hearing at the High Court before Mr Justice Moor will decide the payout for the princess and their two young children.

Five European nations, US agree transitional approach to DSTs as regards Pillar One

Pillar One of the solution would reallocate taxing rights in favor of market countries coordinated with the removal of all DSTs.

Financial Regulation: Daily Update

The new Direction will replace Specific Direction 8 (SD8) which expires on 2 January 2022.

Cyber Security – What do pension scheme trustees need to know?

Indeed, 2020 was the busiest year on record for cyber attacks against UK business, with hackers taking advantage of factors like the pandemic and remote working.

SRB amends guidance on notifications of impracticability of bail-in recognition clauses

FCA publishes policy statement on new authorised fund regime for investing in long-term assets

Booze, fuel and new fiscal rules: Nine big Budget takeaways

The plans will keep ‘growth up, jobs up and debt down’, he claimed.

UK to require pension trustees to report on climate change commitments

DWP said the proposals would help inform trustees’ investment decisions, stewardship and voting, and reflected industry calls for methodological flexibility.

Markets await ECB stimulus clues amid rising inflation

Observers do not expect the ECB's 25-member governing council to alter the bank's massive stimulus programme significantly, as it seeks to nurse the economy back to health from the impact of the coronavirus pandemic.

The new UK Long-Term Asset Fund

The FCA will be consulting in the first half of 2022 on the potential for widening the distribution of the LTAF to a broader range of retail investors.

Criminal network dismantled in Lithuania; the UK and Ireland

The investigation revealed street dealers operating in the UK and Ireland, who were nearly all Lithuanians.

UK regulators pledge to embed climate change reports into all aspects of policy

Doing so creates opportunities for UK companies and consumers, as well as helping address climate change.

EU says more time needed to put in place bank capital rules

Brussels delays until 2025 the implementation of final phase of Basel III reforms

FCA statement on Liverpool Victoria

The FCA will continue to scrutinise LV’s proposals and activities should the court confirm that the member vote can be convened as planned.

How to navigate the regulatory and compliance landscape when doing business in the Netherlands

Stricter compliance regulations are widespread across Europe and companies need to be fully aware of the consequences of falling short of these higher compliance standards in financial terms – but also in harder-to-measure reputational damage.

A new authorised fund regime for investing in long term assets

We set out our rules that enable open-ended funds to invest more efficiently in long-term illiquid assets.

FCA finalises rules for a new type of fund designed to invest efficiently in long-term assets

Sophisticated investors and pension funds are among those who will have access to new types of investment opportunities following changes made by the Financial Conduct Authority.

New version of SFDR RTS published on Friday

This briefing sets out a few initial items relevant for implementation that have changed since the March Taxonomy RTS.

Legal, Regulation & Compliance