03/22/2021
Position limits, under the amended legal provisions, will only continue to apply to agricultural commodity derivatives and critical or significant commodity derivatives.
03/22/2021
As a transparency measure, the Government is set to introduce a Register of People with Significant Control over Overseas Companies owning UK Real-Estate
03/22/2021
The FCA intends to publish this claims data on a monthly basis.
03/22/2021
It was emblematic of a French crackdown on tax evasion that has focused on big banks from HSBC Holdings Plc to Credit Suisse Group AG, who investigators believed encouraged such behavior by its citizens.
03/21/2021
The updated Guidance comes into force on 1 April 2021. Any breaches reported to OFSI after this date will be dealt with under the new guidance.
03/21/2021
Financial Conduct Authority refuses to hand over Neil Woodford probe to independent investigator
Wealth manager St James’s Place ended its contract with Woodford to manage three of its funds.
03/21/2021
We are putting in place temporary measures with respect to RTS 27 reports and 10% depreciation notifications while we consult on changes to these requirements later this Spring. These temporary measures will be in place until the end of 2021.
03/21/2021
Under the temporary measures, the FCA will not take action against firms who do not produce RTS 27 reports for the rest of 2021
03/21/2021
'Oversight failure': Over 14,000 get £10m compensation over collapse of SIX Scots community banks
The Financial Services Compensation Scheme intervention has come as losses from administrators being unable to claim back loans from customers is expected to total at least £1.9m, it has emerged.
03/21/2021
The art market in the UK is $12.7 billion (£9.11 billion), it’s the second biggest in the world and is a relatively high risk area for money laundering because it is a market used to operating with anonymity
03/21/2021
The bank was accused of not reporting suspicious transactions or doing so late and not properly screening its customers for suspicious activity.
03/19/2021
FCA Regulation Round-up: March 2021
This issue covers the hot topic of the upcoming launch of the FCA's new fees portal
03/19/2021
Ireland’s Investment Limited Partnership Reform – The Future Looks Bright
The Act is intended to modernise Ireland’s existing legal framework applicable to regulated investment limited partnerships (ILPs) bringing it in line with comparable partnership vehicles available in other leading fund jurisdictions.
03/19/2021
ESMA sees high risk for investors in non-regulated crypto assetstest
The significant rebound of equity markets and the valuation of debt indices which reached pre-pandemic levels, contrast with weak economic fundamentals.
03/19/2021
Pensions Regulator issues draft guidance on new criminal powers
What it means for restructuring activity
03/19/2021
OneSavings Bank flags £28.6m fraud by corporate customer
OneSavings Bank has delayed its results after discovering potential fraud by one of its corporate customers.
03/19/2021
In deciding on the entering into the administrative agreement and applying the fine, the FCMC noted that ABLV Asset Management, IPAS had acknowledged infringements within the administrative proceedings
03/19/2021
The watchdog also said it continues to consider the plans of the so called ‘global systemically important banks’ UBS and Credit Suisse feasible.
03/19/2021
The trade-based money laundering: risk indicators supplement this report and will help public and private sector identify possible trade-based money laundering.
03/19/2021
The EU last year changed the methodology for its list of high-risk third countries that are deemed to have strategic deficiencies in their anti-money laundering and counter-terrorism financing regime.