12/07/2020
Directors banned after taking millions from investors
Mr Skinner and Ms Ferreira have now been banned by the Insolvency Service for 10 and seven years respectively.
Legal, Regulation & Compliance
12/07/2020
Appleby Instructed on Arcadia Group Administrations ,Obtaining Recognation of UK Officeholders
The recognition of the Joint Administrators in the jurisdictions will enable them to continue to trade the stores in those locations, whilst options are explored and the strategy of the administrations evolves.
12/07/2020
Charges expected after Pilatus money-laundering probe
The bank’s operations were shut down in 2018
12/07/2020
HMRC under fire for 11 ‘serious’ personal data breaches affecting over 20,000 people
The incidents, disclosed in HMRC’s newly published annual report, are estimated to have affected 23,173 people in total and have been analysed by litigation practice Griffin Law.
12/07/2020
Update of position limits for certain commodity derivative contracts
The changes reflect changing market conditions.
12/04/2020
Pope Francis’s Plan to Fix the Vatican’s Finances Meets Internal Resistance
The Church bureaucracy known as the Curia is clinging to the privileges that come with controlling the purse strings.
12/04/2020
Call for probe into 'missing' £50bn of UK cash
The issue was first identified by the National Audit Office (NAO), which highlighted it in September.
12/04/2020
Calls for clarity as advisers escape EU’s ESG suitability rules
But there is still the potential for similar proposals to be introduced by the UK government at some point.
12/04/2020
GFSC introduces ‘fast track’ pre-authorisation for insurance cells
Artex in Guernsey has already implemented a captive cell solution within 48 hours.
12/04/2020
The case for a European banking charter
Banks with global ambitions are turning inwards, to the relief of domestic politicians.
12/03/2020
FCA publishes evaluation of rent-to-own price cap
The FCA has published an evaluation of its price cap on rent-to-own (RTO) products, which came into force in April 2019.
12/03/2020
Italian mafia probe shows banks exposure to massive alleged laundering scheme
The officials declined to comment and it isn’t clear if there is an ongoing investigation.
12/03/2020
EU agrees to new sanctions regime for rights abuses
The new regime will not replace existing sanctions regimes, some of which already address human rights violations and abuses in Syria, Belarus and Venezuela, but gives the European Union a new tool to coordinate any punitive measures on rights with Washin
12/03/2020
FCA warns of 'significant' advice price clustering
The regulator's research found more than 80 per cent of ongoing holistic advice services had adviser charges set at only three price points - 0.5 per cent, 0.75 per cent and 1 per cent.
12/03/2020
Financial Regulation Update
The FCA will supplement the evidence from its review with feedback to its Call for Input (CfI) on consumer investments
12/02/2020
EU Exit: FCA reminds firms to be ready for end of transition period
The FCA has released a webinar (and accompanying transcript) held in August 2020 on the prudential requirements for Markets in Financial Instruments Directive (MiFID) investment firms.
12/02/2020
Brexit and the FCA: Act now to protect your UK / EEA business operations
The TPR and the TMPR thereafter provides a grace period during which time inbound EEA firms and EEA funds should assess their existing business models and operating requirements and whether they should apply for full FCA authorisation.
12/02/2020
Commission disburses €8.5 billion under SURE to five Member States
On 24 November, the European Commission issued the third social bond under the EU SURE instrument, for a total value of €8.5 billion. The issuing consisted of one single tranche due for repayment in July 2035.
12/02/2020
Ireland's foreign investment regime
Ireland is a politically stable democracy, and successive Irish governments have striven to ensure Ireland remains highly attractive as a place to do business for foreign companies.
12/02/2020
Finma adds Zug family office to warning list
Companies are added to the warning list by Finma because they have either not provided sufficient evidence to the regulator, or the evidence that they have provided is false.