05/10/2021
FCA to require climate reports from providers and asset managers
The proposals stated that schemes with assets of £5bn or more will have to meet the new governance requirements from October 2021
Legal, Regulation & Compliance
05/10/2021
Trends in Sustainable Finance Disclosures
The primary aim of the SFDR is to ensure that investors are equipped to make a reasoned decision in a transparent market with the hope that capital flows will ultimately be rerouted to sustainable investments.
05/10/2021
Avoiding Pitfalls When Buying Property Abroad
The advantage of having a local Will, in addition to a UK Will dealing with the rest of your estate, is that it can make the probate process easier for your executors.
05/10/2021
First-ever legal framework for AI proposes obligations for developers, users and importers
The proposal also puts forward deterrent fines of up to €30 million, or 6 per cent of worldwide annual turnover in the preceding financial year, for companies flouting the data-related rules.
05/09/2021
KPMG sued for £6m by property company
Homebuilder claims it faced unexpected tax bill after negligent advice
05/09/2021
FCA: CP on new authorised fund regime for investing in long-term assets – productive finance
The aim of the LTAF is to provide a fund structure through which investors can invest with appropriate confidence in less liquid assets because the fund structure is specifically designed to accommodate relatively illiquid assets.
05/07/2021
FCA fines boutique investment bank
The Solo trading was characterised by what appeared to be a circular pattern of extremely high value trades undertaken to avoid the normal need for payments and delivery of securities in the settlement process.
05/07/2021
Third edition of the Regulatory Initiatives Grid
The Regulatory Initiatives Grid sets out the regulatory pipeline.
05/07/2021
UK regulator delays open-ended property review as it unveils new fund type
The FCA argued in the paper that some investors prefer investing in open-ended funds where there are opportunities to put money in or take it out at the net asset value of the assets.
05/07/2021
FCA delays decision on property fund reforms
The FCA is now consulting separately on the LTAF and says it will not confirm specific property fund rules until that consultation has been completed.
05/07/2021
FCA launches consultation on a new type of fund to support investment in long-term assets
The FCA is keen to hear views from stakeholders on its proposals and the consultation is open for feedback until 25 June 2021.
05/07/2021
FCA statement on its work on liquidity mismatch in authorised open-ended property funds
In August 2020 the FCA consulted on proposals to reduce the potential for harm to investors from the liquidity mismatch in open-ended property funds.
05/07/2021
FCA fines boutique investment bank Sapien Capital in first cum-ex trading case
The FCA said Sapien did not have 'adequate systems and controls'
05/06/2021
The posh London address 4,000 firms call home: But it's not their real office, they pay £24 a month for a forwarding service - and it's a scammers paradise
Some 3,900 firms are listed as being based at number 207 Regent Street
05/06/2021
Norway’s largest lender fined $48 million over AML failings
DNB acknowledged that there were shortcomings relating to customer due diligence in the Samherji case but said it has done a great deal of work on reviewing the customer portfolio since then.
05/06/2021
Ten things Institutional Investors need to know about investing in Hedge Funds
What should investors consider when making Hedge Fund investments?
05/06/2021
Financial Regulation: Daily Update
The Chair of the FCA and PSR, Charles Randell, has delivered a speech to the Building Societies Association on outcomes-focussed regulation.
05/05/2021
Changes to UK market abuse regime including longer to announce PDMR transactions
The rules in MAR on insider lists are also being amended from 29 June 2021
05/05/2021
Clifford Chance advised Blockchain Luxembourg S.A. on its new Series C and Series C-1 equity financing
The Clifford Chance Corporate team was led by senior partner Christian Kremer
05/05/2021
Baby, baby, baby, you're out of time
The fact that the limitation period on the underlying matter of complaint has expired is a material, and often a very material, factor.