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Legal, Regulation & Compliance

11/30/2021

European Commission publishes proposed amendments to the Alternative Investment Fund Managers Directive

The Commission acknowledges that the AIFMD has generally worked well in terms of introducing a harmonized, supervisory framework for alternative investment fund managers.

11/29/2021

EU parliament prepares for vote on Digital Markets Act

The DMA, drafted by the European Commission in December 2020, faced lengthy delays while MEPs on the Committee on the Internal Market and Consumer Protection (IMCO) scrutinised its wording.

11/29/2021

Linklaters advises the underwriters on the ABB of VGP

This transaction was a follow-up of VGP’s private placements of new and existing shares in April and September 2020, where the Linklaters team also acted as Underwriters’ Counsel.

11/29/2021

Government announces child trust fund changes

But if the account holder is not classed as legally able to manage their money they or their parents have been struggling to access the funds.

11/29/2021

Judgment handed down by High Court in first UK mid-market restructuring plan

Amicus Finance case establishes balance between realistic scrutiny of plans and fair outcome for creditors.

11/29/2021

Ireland tightens regulation of data centre grid connections

“Locating away from areas of high demand and constrained supply will undoubtedly be important for continued data centre growth in Ireland.

11/28/2021

Director duo banned for £800k ‘ethical water’ investment scam

A further £200,000 had been withdrawn from the company account over a two-year period, from 2018 and 2020, in cash.

11/28/2021

FCA reforms decision-making to tackle consumer harm

The FCA has reformed its decision-making process to ensure it can make faster and more effective decisions for consumers, markets and firms.

11/28/2021

It is not just the super-rich who hide assets in divorce proceedings

The problem of hidden assets means the use of private investigators is now the norm in splits where one or both parties are very wealthy.

11/28/2021

European Commission’s Proposals for reform of AIFMD, UCITS Directive and the ELTIF regime

Welcome changes or regulatory creep?

11/28/2021

HSF Financial Regulation: Daily Update

The Regulation relates to the reporting of credit and market risk information by relevant institutions.

11/26/2021

HSF Financial Regulatory: Daily Update

The proposals aim to enhance outcomes for consumers

11/26/2021

FCA removes IFA's permissions over concerns of unregulated advice

The Firm has the right to make written and oral representations to the Authority

11/26/2021

Convicted LIBOR rigger to learn appeal decision within weeks

The CCRC, which investigates suspected miscarriages of justice, confirmed that a decision on the case could be issued within three weeks.

11/26/2021

Leaked emails reveal how Macquarie Bank became entangled in an $80 billion scandal

A memo submitted ahead of the board meeting noted: "The risk of reputational damage remains should the German authorities take action against the funds."

11/26/2021

European Commission seeks greater retail participation in update to ELTIF regulation

AIFMD proposals would alter UCITS directive

11/26/2021

Regional wealth firm agrees to stop taking client cash on staff exits

The Liverpool-based investment manager is restricted from taking on new clients while it rebuilds its client assets team.

11/26/2021

European Commission publish proposals on establishing a European single access point

The ESAP is intended to provide an easy centralised point of access to information about financial services, capital markets and sustainability, that entities and competent authorities are required to make public.

11/26/2021

Mandatory reimbursement among proposals to crack down on UK payment scams

The PSR also recommended making reimbursement of APP scam victims mandatory.

11/26/2021

CP21/31: FCA and Bank of England consult on changes to reporting requirements under UK EMIR

The FCA and Bank of England have launched a joint consultation on changes to reporting requirements, procedures for data quality and registration of Trade Repositories under UK EMIR. This would be delivered by amending the relevant onshored Technical Stan

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