11/25/2021
Financial Regulation: Daily Update
The vast majority of such complaints are authorised push payments (APP) where the victim is tricked into making bank transfers to an account posing as a legitimate payee.
Legal, Regulation & Compliance
11/25/2021
Daily Legal Update
Publication of the Government's response to a request for an impact assessment on proposed changes to adult social care.
11/25/2021
A chain reaction: the link between diversity and remuneration in financial services
The last decade has seen an unrelenting focus on culture within financial services.
11/25/2021
UK Charity Commission closes its case into The Runnymede Trust
The Commission examined whether the trustees of Runnymede had acted in accordance with their legal duties and responsibilities and whether the charity had been engaging in unlawful political activity.
11/25/2021
UK Charity Commission Inquiry into Manor Building Preservation Trust Limited
The inquiry was prompted by concerns raised by one of the trustees, including unauthorised trustee remuneration, private benefit and occupation by the trustees of a charity-owned property.
11/25/2021
Isle of Man fines corporate and trust services firm
The Isle of Man Financial Services Authority (the “Authority”) makes this public statement in accordance with powers conferred on it under section 13 of the Financial Services Act 2008 (the “Act”).
11/25/2021
UK Payments Regulation Horizon Report 2022
Changes to payments infrastructure will start to take shape, including setting the future course for Open Banking.
11/24/2021
Financial Regulation: Daily Update
The review will be completed within six months and its findings will be reported to the CMA Board and published.
11/24/2021
Financial Services & Banking News
The report covers 112 banks directly supervised by the ECB with €24 trillion of combined assets, and represents a stocktake of European banks’ preparedness to adequately manage and disclose their exposure to C&E risks.
11/24/2021
EU plans to change AIFMD, UCITS and ELTIF regimes
Requiring open-ended AIFs and UCITS ManCos to choose at least one LMT (as described in new Annexes to AIFMD and the UCITS Directive).
11/24/2021
Individual accountability and the key considerations
The Senior Managers and Certification Regime (SMCR) and other comparable regimes across the globe
11/23/2021
Wealth Management: Succession in the form of Trusts
The Trustee is under an obligation, legal and contractual by virtue of the trust deed, to act in the best interests of the beneficiaries.
11/23/2021
Financial Services & Banking News
The Regulation replaces the annexes of Implementing Regulation (EU) 2016/2070 with updated definitions and instructions.
11/23/2021
MCE Insurance Company enters administration
The Gibraltar Financial Services Commission has announced that MCE Insurance Company Limited has entered into administration.
11/23/2021
FCA board needs more directors, review finds
It said: “This is a strong board of individuals who have a clear sense of drive and commitment to deliver on the goals of the FCA.”
11/23/2021
Esma recommends delay to buy-in rules
As the final EC legislative proposal for the review of CSDR, possibly including changes to the buy-in regime, is not expected before the end of this year
11/23/2021
What next for UK gender pay gap reporting?
Breaking down statistics into pay quartiles provides a more nuanced picture of an employer’s pay gap.
11/23/2021
CYPRUS: Latest amendments to Companies Law Cap.113
Section 361A is amended by reference to the Open-Ended Undertakings for Collective Investment Law and/or Alternative Investments Law.
11/23/2021
Walkers' Jersey and Ireland Teams Advise Eagle Street
Lawyers from Walkers' offices in Jersey and Ireland were involved in advising Eagle Street, with Walkers Professional Services (Ireland) providing corporate administration services.
11/23/2021
FSB Statement to Support Preparations for LIBOR Cessation
Active transition of legacy contracts remains the best way for market participants to have control and certainty over their existing arrangements.