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Legal, Regulation & Compliance

03/18/2025

Bank of England statement on the European Securities and Markets Authority’s decision regarding EU recognition of UK central counterparties

The Bank of England welcomes the decision of the European Securities and Markets Authority to extend the existing EU recognition of UK central counterparties.

03/17/2025

ABN Amro faces potential fine from Dutch Central Bank over bonuses

Additionally, executive compensation at these banks cannot increase faster than wages set by the industry-wide banking collective labor agreement.

03/17/2025

FCA bans and fines Crispin Odey £1.8m

The founder of Odey Asset Management has been fined and banned for showing ‘reckless disregard’ for governance.

03/14/2025

Fifth individual charged over suspected water investment scam

John Dobbs will appear before Southwark Crown Court on 25 March 2025.

03/14/2025

FINMA approves 1,500 trustee, portfolio manager licences to date

It received more than half of the applications in the last four months of the three-year transitional period

03/14/2025

Singapore Tightens Employer of Record (EOR) Regulations: What Overseas Employers Need to Know

Companies expanding into Singapore must now establish a local entity or explore alternative employment solutions.

03/13/2025

Statement from Nikhil Rathi, Chief Executive of the FCA, in response to the Government’s announcement on the future of the Payment Systems Regulator

Doing so is a natural next step following recent work to improve co-ordination and clarity on regulatory responsibilities.

03/13/2025

New PFS guidance consolidates resources for Consumer Duty compliance

These include the use of software systems to document client reviews, AI to transcribe meetings, and the adoption of robust Customer Relationship Management systems.

03/12/2025

EU carbon market: more to come

As these changes take place, carbon prices are set to rise, impacting industries and investors alike.

03/12/2025

‘Victory for common sense’: industry praises U-turn on name and shame plans

Instead the FCA plans to stick to its current exceptional circumstances test to determine if it should publicise investigations into regulated firms.

03/12/2025

FCA publishes findings of the private market valuation practices review

The private asset market has grown significantly in recent years in the UK

03/11/2025

Irish trust registration system goes live

New and existing UK as well as non-EU trusts now need to register on CRBOT

03/11/2025

M&G gains approval for private credit LTAF

The asset manager is tapping into the UK DC pensions market after launching a similar European semi-liquid fund in 2023.

03/11/2025

Guernsey representatives highlight significant value of Channel Islands to the EU

The meeting forms part of the regular programme of engagement with the EU.

03/11/2025

FINMA provides information on the status of licences issued to portfolio managers and trustees

The new licensing requirements, which must be complied with at all times, primarily serve to protect investors from unfair business practices and to strengthen the reputation of the Swiss financial centre.

03/11/2025

FCA sets out steps to support home ownership

As interest rates fall, the current market approach to interest rate stress testing may be unduly restricting access to otherwise affordable mortgages.

03/10/2025

The ESAs acknowledge the European Commission's amendments to the technical standard on subcontracting under the Digital Operational Resilience Act

Today’s Opinion acknowledges the assessment performed by the EC and confirms that the amendments proposed ensure that the draft RTS is in line with the mandate set out under DORA.

03/10/2025

SM Advice launches multilingual social media service for advisers

The multilingual social media service is intentionally designed to streamline and cover the entire process and also ensuring compliance.

03/07/2025

ECB cuts rates, but German defence spending likely to keep a lid on further falls

The ECB is likely to be fairly cautious of treading such new ground and higher interest rates may prevail as a result.

03/07/2025

Federal Council initiates consultation on changing the FATCA model

The Foreign Account Tax Compliance Act (FATCA) is a set of US regulations that came into effect on 1 January 2014 and affects all countries.

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