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Legal, Regulation & Compliance

08/01/2022

NextGenerationEU: European Commission endorses positive preliminary assessment of Latvia's request for €201 million disbursement under Recovery and Resilience Facility

The Commission has thoroughly assessed this information before presenting its positive preliminary assessment of the payment request.

08/01/2022

FCA regulation boosts consumer protection in the funeral plans market

Regulation of the sector will bring higher standards and boost consumer protection.

08/01/2022

Fund managers urged to revisit distribution agreements over marketing

The new guidance provides clarification around where responsibility sits for ensuring that marketing communications comply with the requirements set out in the respective directives in cases where a third-party distributor, and not the fund manager itself

08/01/2022

EU court’s merger ruling signals increased gun-jumping risk for firms

The court found that the Commission has the power to review any merger that may raise significant competition concerns within the EU, even if the companies involved do not have activities in Europe – or the merger falls below the EU’s turnover

08/01/2022

ClientEarth case shows courts willing to scrutinise governments’ climate strategies

The UK’s current NZS includes a commitment to ensure that the UK will be powered entirely by clean electricity by 2035.

08/01/2022

BoE stats show worrying increase in consumer credit as cost-of-living strain takes hold

The cost of living crisis is clearly starting to hamper people’s ability to put money away for the future as it gets sucked up by increased prices.

07/29/2022

Addleshaw Goddard: Financial Services & Banking News

The FCA has also published its finanlised non-Handbook guidance to provide firms with the information they need to implement the duty.

07/29/2022

PIMFA welcomes extension of the Consumer Duty implementation timeline

Under the FCA’s revised timeline firms will have until 31 July 2023 to implement the Duty for new and existing policies – an extension of three months – and a further 12 months from then – until 31 July 2024

07/29/2022

FCA publishes Decision Notices for Carillion plc (in liquidation) and three of its former executive directors

The FCA has imposed a public censure on Carillion, rather than a financial penalty, given the firm is insolvent and in liquidation.

07/29/2022

General insurance pricing practices - amendments

Some of these rules also apply to insurers and intermediaries of other general insurance and protection products.

07/29/2022

Addleshaw Goddard: Financial Services & Banking News

Their unique qualities mean that many digital assets do not fit easily into traditionally recognised private property law categories or definitions.

07/28/2022

Burges Salmon named Best HNWI UK Law Firm 2022

At the Fintech Awards 2022, the firm has been named as Best HNWI UK Law Firm

07/28/2022

£13.7m boiler room fraudsters jailed

They persuaded 800 victims to invest in a fund involved in the buying and selling of properties

07/28/2022

The FCA’s Consumer Duty will lead to a major shift in financial services

It will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first.

07/28/2022

Russian invasion of Ukraine: operational and cyber resilience

This guidance considers the pressure a protracted threat can have on firms’ systems, processes and workforce. I

07/27/2022

HMRC Announces Welcome Changes to the QAHC Regime

The regime is part of the UK government’s attempt to increase the attractiveness of the UK as a jurisdiction for asset management

07/27/2022

Bosses at City firms could face fines for failing to prioritise consumers

FCA’s new rules are expected to help reduce call wait times, end rip-off charges and make it easier to change investments

07/27/2022

London Data Charter is key to letting capital ‘recover and thrive’

Drafted by experts at Pinsent Masons and London First last year, the charter encourages signatories to become “a part of London’s data ecosystem” by sharing data.

07/27/2022

EIB Board, supported by the EU Commission, approves €1.59 billion of EU financial assistance for Ukraine

This relief package is part of the EIB Ukraine solidarity response prepared in cooperation with the European Commission.

07/27/2022

Firms given extra three months to implement FCA's consumer duty

Mills said it will still be challenging for the industry, and the regulator recognises that, so it will “do its best” to support firms.

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