12/09/2020
High court shuts down UK art investment firms
They ‘were used as part of a cynical scam targeting members of the public’
Legal, Regulation & Compliance
12/09/2020
EBA informs customers of UK financial institutions about the end of the Brexit transition period
In order to continue to provide financial services in the EU, UK financial institutions will need to ensure that they offer these services through entities that are duly authorised in the EU.
12/09/2020
Walkers Advises on the £29 million Sale of Business Park
The team worked with lead counsel Trowers & Hamlins LLP and administrators Dominion on the matter.
12/09/2020
FSR Outlook 2021: Paving the Way Forward
Protecting investors through a focus on end outcomes, managing innovation in payments, and ensuring digital operational resilience are of course high on the list.
12/09/2020
Switzerland orders 12 banks to comply with Fatca
The request from the Internal Revenue Service (IRS) cited the Foreign Account Tax Compliance Act (Fatca) as the reason for compliance.
12/09/2020
Guernsey Private Investment Fund regime enhanced by proposed changes
The revisions will create the most comprehensive and flexible suite of options of any private fund regime.
12/09/2020
Bowing out gracefully: LIBOR’s retirement draws near - speech by Andrew Hauser
LIBOR is an interest rate benchmark used in financial markets, which is being phased out. Andrew Hauser sets out what businesses and lenders need to do to be ready for transition.
12/09/2020
EU Developing Plan for National Covid Bad Banks If Needed
Europe’s banking system had a slow recovery from the financial and European debt crises a decade ago, and governments still hold stakes in some lenders.
12/08/2020
DNB faces fine over money-laundering procedures
DNB will now examine Finanstilsynet's report and submit a response, but it said that as Finanstilsynet has not yet finished processing the case and hasn't reached a final conclusion, DNB can't go into further detail on the content of the re
12/08/2020
Bank of England considers legal action over green bonds hoax
“We are aware that a group purporting to be the Bank of England has published fake announcements today through social media and email,” a spokesperson said.
12/08/2020
Open consultation | Non-resident capital gains tax
The Finance Act 2019 expanded the scope for taxing gains made by non-UK residents on UK property
12/08/2020
FCA: Update of position limits for certain commodity derivative contracts
The guidance covers all stages of insolvency, including pre-insolvency, entering insolvency, post insolvency, and restructuring procedures.
12/08/2020
Russian oligarch’s son racked up $50m in day trading losses
Ex-wife of billionaire Farkhad Akhmedov accuses their son of helping to hide assets in divorce battle
12/08/2020
Tax Alert: HMRC "nudge" letters
Read the tax update now.
12/08/2020
FCA backs new ‘digital giants’ regulation
If implemented, the new regime will govern the most powerful UK tech firms – those with ‘strategic market status’ (SMS).
12/07/2020
EU Exit: New FCA webpage on MiFID reporting after TP
We provide details on how we’re moving MiFID reference data and transparency systems away from ESMA as part of the MiFID onshoring process.
12/07/2020
CySEC’s enhancement of procedures to protect client funds held by CIFs
Until now there had been some ambiguity as to the processes to be adopted by CIFs handling client funds.
12/07/2020
Swiss-UK deal to grant consultants privileged mutual access
Under the terms of the deal, British service providers will have access to the Swiss workplace for up to 90 days at a time, the government said on Friday.
12/07/2020
Global Fintech Regulatory Rapid Assessment Study due to Covid-19
This global study seeks to assess how central banks and other financial regulators are responding to the challenges of Covid-19 in regulating and supervising FinTech activities and other forms of Digital Financial Services.
12/07/2020
The Receivers are coming
Parties often go to great lengths to evade the consequences of a judgment or order including pursuing robust legal challenges in court.