02/12/2021
Financial Regulation: Daily Update
The Payment Systems Regulator (PSR) has issued the following two Calls for Views (
Legal, Regulation & Compliance
02/12/2021
The Pension Schemes Act 2021 is Here - What Does it Mean for Trustees?
Trustees will not need to take immediate action on pension dashboards as the detailed duties will be set out in regulations and guidance.
02/12/2021
How is Brexit affecting UK employment rights?
There was a political backlash and considerable speculation that British workers were about to see a ‘bonfire of rights’, particularly in relation to working hours and holiday pay.
02/12/2021
High Court rules on 'value' in post bankruptcy petition payments
This is an important and useful decision, finally giving a reported authority based on which insolvency practitioners can analyse the meaning of "value" when looking to see if payments made after a bankruptcy petition can be overturned for the b
02/12/2021
Brexit and pensions – what do you need to know?
As the UK and Europe adapt to life post-Brexit the greatest implications for pension schemes and those who operate them will likely be the practical impact on businesses, and therefore employer covenants, and the impact of market volatility on scheme inve
02/12/2021
EBA launches public consultation on the draft technical standards on supervisory disclosure under the Investment Firms Directive
The information that competent authorities will have to disclose every year covers supervisory approaches and aggregate statistical data on the new prudential requirements for investment firms.
02/12/2021
Unexplained Wealth Orders in the UK: What Will This Year Bring?
It is inevitable that more UWOs will follow this year, and clarity about what they are and what they do is key to keeping both successes and setbacks in proper perspective.
02/12/2021
Luxembourg: No Interest And Royalty Deduction For EU Non-Cooperative Tax Jurisdictions
The Cayman Islands was removed from the list at ECOFIN’s last meeting in October 2020 and thus should not be impacted by this new law, given that it is effective from 1 March 2021 onwards.
02/12/2021
British financial firms using letterbox companies to sneak into EU, says Michel Barnier
British firms lost their EU “passport” to the Single Market on January 1 when the Brexit transition period ended.
02/12/2021
Carey Olsen advises Blackstone on Bourne Leisure acquisition
It operates through its three brands, Haven, Butlin's and Warner Leisure Hotels.
02/12/2021
The Global Coalition to Fight Financial Crime Announces two new Members and Five Expert Committees
This follows the Coalition’s recent publication of the Information Wall which highlights the high threat level and significant harms facing societies, and a need for improving the effectiveness of the collective response to financial crime.
02/11/2021
The case for an open financial system
He argues that these benefits are global, not regional in nature.
02/11/2021
Financial Regulation: Daily Update
The Commission expects all the necessary formal steps, including the formal approval of the EU Council, to be concluded for the RRF to enter into force in the second half of February 2021.
02/11/2021
New FCA report highlights technology change risk to consumers
It has published a report of its findings, including steps that firms can take to protect consumers from harm and disruption in the market.
02/11/2021
Bank of Valletta plc: An update on recent developments
However, on a positive note, as we started seeing an improvement in business sentiment during H2’20, European banks started reversing part of their provisions.
02/11/2021
Hedge Fund Employee Loses Bid to Halt Extradition in Cum-Ex Case
He had already lost a bid to challenge the warrant based on Brexit.
02/11/2021
FCA finds the Covid-19 pandemic leaves over a quarter of UK adults with low financial resilience
This figure is up 15% since the FCA completed its FLS in February, when 24.0 million displayed characteristics of vulnerability.
02/11/2021
Business Crime: developments to watch in 2021
After a year of unprecedented disruption, we consider recent major developments in the business crime sphere and what to expect in 2021
02/10/2021
Financial Regulation: Daily Update
The firm was consequently left unable to meet potential liabilities for unsuitable advice, while the director was able to retain accrued profits.
02/10/2021
Bank of England chief's evidence to MPs questioned by former senior judge
Row over report into LC&F collapse escalates as ex-high court judge disagrees with Andrew Bailey’s evidence