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Legal, Regulation & Compliance

07/29/2021

FCA: Diversity and inclusion on company boards and executive committees

We also want to improve considerations of broader diversity aspects within diversity policies and related disclosures by companies.

07/29/2021

FCA proposing changes to streamline decision-making

This will give greater responsibility for decisions to senior members of FCA staff close to the matters.

07/29/2021

HM Treasury Initiates Post-Brexit Review of the UK’s AML and CTF Regime

The planned amendments to the MLRs 2017 by virtue of the SI are either “time-sensitive” or “relatively minor” and were proposals for change that were already in development.

07/29/2021

Linklaters advises AKKA Technologies on €2 billion combination with Adecco

As a first step, Adecco will acquire the controlling stakes of the Ricci family and CNP.

07/29/2021

Ireland Update – Publication of initial draft legislation on the Individual Accountability Framework

As this bill progresses through the Irish legislative process, we will provide further updates on any developments in relation to this individual accountability framework.

07/29/2021

Standard Chartered and Northern Trust Announce Zodia Custody Receives FCA Registration

The registration means that Zodia Custody is now providing commercial services to clients as a cryptoasset business.

07/29/2021

ESMA’s report on marketing requirements and communications under the regulation on cross-border distribution of funds

Interestingly, the rules relating to marketing by third country AIFMs and registered AIFMs are also included in some of the responses.

07/29/2021

Sberbank reports 2Q 2021 Net Profit of RUB325.3 bn under International Financial Reporting Standards

"The results of the first half of 2021 reflect the rapid recovery of the Russian economy

07/29/2021

Implementation of Basel standards: Non-performing loan securitisations

The PRA proposes that the implementation date for the changes resulting from this CP would be Saturday 1 January 2022.

07/29/2021

European Commission announces new EU AML Package

Further analysis of the detailed practical changes that are likely to result from these new proposals will follow in due course

07/29/2021

Changes to the FCA’s decision-making procedure

A key part of our Transformation Programme is a fresh approach to tackling firms and individuals who do not meet the required standards.

07/28/2021

The Bank of England’s new resolution publications

The former will be of particular interest to mid-sized firms forecasting total assets in excess of £15bn

07/28/2021

New rules proposed to tackle financial crime in the EU

It has now proposed four specific measures in an ambitious programme of reform

07/28/2021

Does the Brussels I Recast apply to liability claims against arbitrators?

On that basis, it concluded that the French courts had jurisdiction to hear the claim as the seat of the arbitration

07/28/2021

Oxford University alumnus sent back to jail over fake green investment scheme

Together with four others he offered a ‘green' tax efficient investment scheme to wealthy investors to steal millions from them.

07/28/2021

FCA publishes Decision Notice against Markos Markou for lack of oversight

Mr Markou’s conduct placed FSE at risk of being used as a vehicle for financial crime and did not appropriately protect the interests of consumers.

07/28/2021

FCA consults on proposals to boost disclosure of diversity on listed company boards and executive committees

The FCA also encourages companies to provide further data on the result of their diversity policies considering these wider aspects where possible.

07/28/2021

HSBC faces questions over disclosure of alleged money laundering to monitors

Bank was under supervision by US Department of Justice-appointed team because of previous violations

07/27/2021

PS21/9: Implementation of Investment Firms Prudential Regime

Introducing the IFPR means that there will be a single prudential regime for all FCA investment firms, simplifying the current approach for globally active systemically important banks.

07/27/2021

The UK competition and merger control frameworks are set to change

The government is now consulting on its proposals to take forward some of the recommendations raised previously.

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