09/29/2021
Moving from Hong Kong to the UK
The applications for the visa opened on 31 January 2021 and is for British National (Overseas) (BNO) status holders and/or Hong Kong Special Administrative Region (HKSAR) passport holders.
Legal, Regulation & Compliance
09/29/2021
Is it time to scrap the Irish banking pay cap?
Bank of Ireland’s chief financial officer latest big name to jump ship due to €500,000 limit, a legacy of banking crisis
09/29/2021
DeFi makes Western Europe the world’s largest 'crypto economy'
The data shows that global crypto transaction volume in North America and a portion of Europe outpaced East Asia, a region that in the past has drawn the majority of its volume from China.
09/28/2021
Guernsey to tighten CRS and Fatca reporting
As online registration becomes mandatory for all financial services firms
09/28/2021
UK Government launches consultation to reform the UK’s data protection regime and diverge from EU rules
The European Commission did warn the UK Government when issuing its adequacy decisions that its decisions could be revoked "immediately" if the UK Government weakens its data protection standards
09/28/2021
Woodford case goes to court
In June, Link Fund Solutions said it would “vigorously defend” the case brought against it by Leigh Day.
09/28/2021
Making gifts under a lasting power of attorney in the UK
In all circumstances, the amount of the gift must be of reasonable value given the value of the individual’s assets.
09/28/2021
Irish Regulatory Framework for Real Asset Depositaries
It sought feedback from industry on the proposed regulatory framework and earlier this year issued its long awaited guidance1 on the regime.
09/28/2021
Lawrence Stephens Acts for OakNorth Bank
Lawrence Stephens’ Real Estate Finance & Banking team have acted for valued client, OakNorth Bank, to facilitate a £10.6 million loan to Nine Points Property.
09/28/2021
Financial Regulation: Daily Update
It is also relevant to UK financial or mixed financial holding companies that are the immediate parent undertakings of firms that may be included in a DolSub.
09/28/2021
Ashurst advises Goldman Sachs International
Blue Prism's intelligent automation platform provides systems, cognitive tools, applications and technologies, including AI, machine learning, OCR and the Blue Prism Digital Exchange, a set of automation components available to business users.
09/27/2021
Financial Regulation: Daily Update
The FCA also stated that he had further demonstrated a lack of honesty and integrity when he concealed this from the FCA, providing the regulator with information which he knew to be false during a compelled interview.
09/27/2021
Simmons & Simmons take a leading role on Productive Finance
Simmons acted as the sole legal services firm on the UK Productive Finance working group.
09/27/2021
ESMA Consults on Proposals for a Review of the MiFID II Best Execution Reporting Regime
These proposals aim at ensuring effective and consistent regulation and supervision and enhancing investor protection.
09/27/2021
Consultation Paper on the Review of Certain Aspects of the Short Selling Regulation
All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’.
09/27/2021
UBS notes postponed verdict in 4.5 bln euro French tax case
UBS noted a decision by French judges to postpone their ruling on the Swiss bank’s appeal against a 4.5 billion euro ($5.27 billion) fine imposed for helping wealthy clients stash undeclared assets offshore.
09/27/2021
Watchdog restricts authorised firm and issues warning
The watchdog says it has taken action to protect consumers.
09/27/2021
Financial Regulation: Daily Update
The roadmap sets out four recommendations, underpinned by 13 specific actions, to support defined contribution pension schemes with investing and to develop the long-term asset fund structure.
09/26/2021
FCA prohibits IFA and mortgage adviser for fitness and propriety failings
Mr George further demonstrated a lack of honesty and integrity when he concealed this from the FCA, providing them with information which he knew to be false during a compelled interview.
09/26/2021
Russian Cabinet presents draft law on LIBOR replacement to parliament
A similar replacement is stipulated in respect of the key rate of the Bank of Russia