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

SPACs: what should be included in a Luxembourg prospectus?

This Public Statement has been supplemented by specific guidelines issued by the Luxembourg Stock Exchange (LuxSE) in August 2021.

FCA launches campaign targeting new investors

The FCA surveyed 1,000 people aged 18 to 40 who invest in high-risk investment products.

Funds & Investment Management Update- Ireland And Luxembourg- Q3 2021

The Central Bank's approach in relation to cryptoassets will be kept under review

Financial Regulation: Daily Update

Alongside the campaign launch, the FCA has released the high level findings of a survey it commissioned into the behaviours of younger high-risk investors.

Financial Regulation : Daily Update

The letters also direct customers to the FCA’s DB pension transfer advice checker to help them decide whether the advice they received was suitable or not.

Financial Services & Banking News

The report constitutes a collective baseline review, by capturing progress made up to March 2021.

Dutch regulatory authorities strengthen cooperation over regulation of digital activities

Martijn Snoep, chairman of the board of ACM added that a coherent and coordinated approach was needed to respond effectively to the rapid pace of new developments in the digital landscape.

European Supervisory Authorities publish sectoral reports on the supervisory independence of competent authorities

The three reports take stock of the factual situation on CAs’ independence along key angles, namely, operational, financial and personal independence as well as accountability and transparency.

Crypto Fraud Costs More Than $200 Million This Year, U.K. Police Say

In particular, EIOPA welcomes the two mandates proposed by the European Commission regarding sustainability risks.

UK Outlines Beneficial Tax Treatment For Asset Holding Companies

The enhancements to the UK fiscal framework will aim to capitalise on the UK's strengths

Financial Regulation : Daily Update

The BoE intends to publish the findings of the 2021-22 SST exercise in the summer of 2022.

What to consider when implementing a vaccination policy in your organisation

UK employers are not alone in this conundrum of how to approach vaccinations, and testing, in their workforces.

‘Flexible’ Guernsey framework enables an island first

It successfully raised £125 million in an over-subscribed private placement of shares and warrants for the purpose of completing a business combination with a financial services business that is headquartered or has principal operations in Western a

Uncertainty around Transfer of Assets Abroad regime increases following latest Fisher case judgment

The judgment has important implications for anybody advising on the Transfer of Assets Abroad regime

Munich Re anticipates hardening in Europe

According to the business, natural catastrophe risks, COVID-19, and increasing cyber attacks are seeing the role of reinsurance increasingly “transcending risk transfer”.

'Enough is enough': AIC attacks FCA's Priips proposals

The Association of Investment Companies has called the Financial Conduct Authority's proposed Priips reforms an “inadequate effort” and warned of the ongoing risks to vulnerable customers.

Veteran baby boomer adviser calls for profound fund industry rethink of 'total return'

There is no correlation between equity market risk to capital and stability of dividends. We need to stop just communicating total return payments and show Joe Public what the income will look like.

Klarna overhauls UK ‘buy now, pay later’ service ahead of crackdown

Regulatory changes include new wording to clarify the group is offering credit and a ‘pay now’ option

FCA: Financial promotions quarterly data

This data includes statistics about how we review and act on certain non-compliant financial promotions.

Adviser fined £116k by FCA for 'reckless and unsuitable' pension advice

The FCA found that Mr Hussein advised customers to switch their existing pensions when this was often unnecessary and not in their best interest.

Legal, Regulation & Compliance