08/10/2021
New rules will finally unlock the UK Spac market
There will certainly continue to be strong competition from European neighbours – most notably the Netherlands and Luxembourg
Legal, Regulation & Compliance
08/10/2021
Shoosmiths M&A rankings rise throughout UK regions
The latest Experian Mergers and Acquisitions report notes a busy first six months for Shoosmiths in 2021, its corporate team continuing to provide unrivalled levels of support for a plethora of noteworthy and high value transactions.
08/10/2021
Financial Services & Banking News
The amendments also require investment firms manufacturing and distributing financial instruments to specify to which group of clients with sustainability related objectives the financial instrument is supposed to be distributed.
08/10/2021
SFO launches money laundering and fraud probe into care home investor
It is asking UK-based investors who put money into Woodhouse’s schemes to complete a questionnaire by 30 September.
08/10/2021
FCA Publish Changes to London Stock Exchange Listing rules for SPACs
The primary purpose of the consultation was to consult on a change to the Listing Rules
08/09/2021
SPAC to the Future - Part II
From 10 August 2021 the UKLA amendments to the Listing Rules, which are specifically designed to improve LSE's SPAC offering, will come into effect.
08/09/2021
Papas scandal referred to Financial Crimes Squad
In July this year, police received a report of an alleged multimillion-dollar fraud against a financial organisation.
08/09/2021
FCA fines BSPS pension transfer adviser £1.28m
The FCA has also decided to ban Mr Armin from advising consumers on pension transfers and pension opt outs.
08/09/2021
FCA obtains bankruptcy order against Mohammed Maricar following unlawful CFD forex trading promotion
Mr Maricar has failed to make any payment in relation to the High Court’s restitution order.
08/09/2021
OFSI imposes monetary penalty on fintech company for breach of financial sanctions
TransferGo is a UK company which carries out payment transfers.
08/09/2021
Financial Services & Banking News
Given the considerable legal uncertainty surrounding digital assets, the FMLC welcomes the Law Commission’s Digital Assets Project and the prospect of law reform.
08/08/2021
CP21/26: A new UK prudential regime for MiFID investment firms
It represents a major change for investment firms. It is critical that firms adequately prepare for the regime.
08/08/2021
Consumer warning on Northern Provident Investments
Customers can find more information about how they may be affected via NPI’s website.
08/08/2021
Russia court hands US investor, French banker suspended sentences
Five Russian associates who said they were innocent also received suspended sentences of between three-and-a-half years and five years.
08/08/2021
Financial Regulation Daily Update
Feedback is requested by 17 September 2021.
08/06/2021
‘Avatar’ Film Funding Firm Backed by David Beckham, Sacha Baron Cohen Wins $975 Million Tax Avoidance Case Against HMRC
Ingenious therefore created film finance partnership schemes – which funded some of the world’s most successful films
08/06/2021
New EU Rules in Force: Pre-Marketing and De-Registration on UCITS and AIFS
Under the CBFD Directive, only certain third parties may engage in pre-marketing on behalf of an authorised EU AIFM
08/06/2021
Macfarlanes advises significant investor in AXA IM’s €1.9bn European Life Sciences Real Estate Fund
The Macfarlanes team consisted of investment management partner Alex Amos, private equity real estate senior counsel Andrew Hughes and senior solicitor Nicole Mitchell.
08/06/2021
French regulator imposes €32m fine on Amundi
The AMF's enforcement committee estimated that two former employees' irregular transactions in 2014 and 2015 resulted in a €48.1m loss.
08/05/2021
Investors in line for £11m windfall as FCA wins Avacade case
The Court of Appeal has upheld previous findings that the activities of unregulated introducers Avacade Limited and Alexandra Associates, and their directors, were unlawful as they had advised on investments, made unapproved financial promotions and made