11/05/2020
FCA chief: No immediate plans to reduce FSCS levy for advisers
Advisers have seen a huge rise in their FSCS levy costs in recent years due to a surge in compensation claims.
Legal, Regulation & Compliance
11/05/2020
Trio of financial advisers on sex offender register banned
They were all handed custodial sentences for varying charges
11/05/2020
Financial Regulation Update
However, issuers will still be able to publish and file their financial reports in ESEF voluntarily for financial years starting on or after 1 January 2020, from January 2021
11/04/2020
Who's Who Legal recognises nine Carey Olsen partners as experts in private funds
Among the nine recognised, Ben Morgan, partner and head of the Guernsey corporate practice, is also the only Guernsey-based lawyer to be recognised as one of six 'global elite thought leaders' for the offshore region.
11/04/2020
Basel Committee reports to G20 Leaders on Basel III implementation
The Committee further notes that most Basel Framework-related measures taken by its members in response to Covid-19 have been capital or liquidity-related
11/04/2020
Key differences between Jersey and English commercial property transactions
The parties either appear personally before the Royal Court or appoint an attorney or authorised representative to appear on behalf of themselves or their company.
11/04/2020
Advisers acknowledge bias towards mutual funds - the lang cat research
lang cat research
11/04/2020
Connecting impact investors with social enterprises: the European Social Innovation and Impact Fund launches after a successful first closing
Potential professional and semi-professional investors in Germany have the choice between a senior and a junior tranche with different risk-return profiles.
11/04/2020
FCA gives go ahead to adviser platform buyout
The deal will facilitate the development of Wealthtime’s proprietary platform technology to improve the adviser experience and upgrade its functionality.
11/03/2020
FCA announces further proposals to support mortgage borrowers impacted by coronavirus
The FCA is proposing to extend the availability of payment deferrals to support borrowers who are experiencing payment difficulties because of coronavirus.
11/03/2020
FCA writes to 55 firms over misleading financial promotions
No enforcement action has been taken but the UK watchdog has a ‘number of ongoing investigations’
11/03/2020
Bulgaria's golden passports scheme fails to attract investors
Bulgaria's golden passport scheme has failed to attract foreign investment in the country as, in the past eight years, only 98 foreigners bought Bulgarian passports.
11/03/2020
FCA: Call for Input on the Woolard Review
The FCA states that borrowers who can afford to do so should continue to make repayments, but will propose extensions to payment deferral applications.
11/03/2020
Britain extends payment freeze to coronavirus-hit borrowers
Borrowers who have already had one deferral would be able to apply for a second, the FCA said.
11/03/2020
Maltese wealth firm appeals €1.2m fine
Company says that it is ‘undoubtedly disproportionate to the alleged breaches’
11/03/2020
Boris Johnson announces fresh help for self-employed during second lockdown
The PM says support for the self-employed will be boosted ahead of the new month-long lockdown, to reflect the furlough extension.
11/03/2020
UK post-Brexit reform: Financial Services Bill introduced
The FS Bill proposes certain measures, a number of which are aimed at avoiding functional issues with rules introduced during the UK’s membership of the EU
11/03/2020
Financial Regulation Update
The BCBS expects full, timely and consistent implementation of all Basel III standards based on the revised timeline endorsed by the BCBS's oversight body, the Group of Governors and Heads of Supervision (GHOS), in March 2020.
11/03/2020
FCA announces changes to open banking identification requirements
The FCA has announced changes to limit the risk of disruption to open banking services after Brexit.
11/03/2020
German supervisory regime lambasted over Wirecard collapse
Wirecard was a rising blue chip star before its collapse following the discovery of a gaping €1.9 billion hole in its balance sheet and regulatory bodies appeared at times to be more interested in defending the firm against a rising tide of allegatio