08/06/2020
STM eyes acquisitions as Gibraltar regulatory situation is resolved
STM has a strong balance sheet and a market leading position to act as a consolidator in the sector.
Legal, Regulation & Compliance
08/06/2020
Collapsed mini-bond provider assured investors of FSCS protection
Virtually all Basset and Gold bonds were invested in a short term lender Uncle Buck.
08/05/2020
FSCS extends protection of large deposits
The extension will only apply to deposit-takers which fail after August 6, when the extra protection comes into force.
08/05/2020
FCA publishes BI insurance case draft transcript and supplementary notes
The rule change and the updated SOP will come into effect on 6 August 2020.
08/05/2020
Fieldfisher tops Acuris AIM deal league table for H1 2020
Fieldfisher was also ranked third by overall ECM deal activity in H1, encompassing transactions on both AIM and the Main Market of the London Stock Exchange.
08/05/2020
Swiss media report fingers Martinellis in bribery expose
The judge in Bellinzona, however, ruled that it was up to the judge in Spain to decide whether the documents show a relevant criminal connection.
08/05/2020
Is private client law moving into the 21st century…
The rules relating to how a Will must be signed and witnessed are enshrined in legislation dating back almost 200 years old, (Wills Act 1837), and these rules are sacrosanct for any private client practitioner.
08/05/2020
UK competition regulator blocks merger of FNZ and GBST
The Competition and Markets Authority has provisionally found that FNZ’s purchase of GBST could result in a substantial lessening of competition.
08/05/2020
FSCS hands out another £8.4m to failed mini-bond investors
The FSCS payout seems to me to be an attempt, once again, to buy popularity and silence criticism by paying hush money to those who shout the loudest.
08/05/2020
Ireland Update: Significant Compensation Awarded to Employee with a Disability for Failure to Make Reasonable Accommodation
Employers are prohibited from discriminating against employees on nine protected grounds: age, civil status, disability, family status, gender, race, religion, sexual orientation and membership of the travelling community.
08/04/2020
FCA consultation on new rules to improve open-ended property fund structures
We are consulting on measures to address the potential harm caused by a mismatch in liquidity in certain UK authorised funds that invest directly in property, for example offices, shops and warehouses.
08/04/2020
EBA final draft ITS on disclosure and reporting on MREL and TLAC
This is the first time that the EBA has developed disclosure and reporting requirements in this area, thus expanding the scope of the existing Pillar 3 and supervisory reporting frameworks in the EU.
08/04/2020
FCA consults on new rules to improve open-ended property fund structures
The proposed notice period would allow the manager to plan sales of property assets so that it could better meet redemptions that are requested.
08/04/2020
Eversheds Sutherland posts strong results
Firm's international business, excluding the US, sees net profit rise 5%
08/04/2020
HSF sees profit fall but new CEO says 'underlying strengths' are encouraging
Justin D'Agostino highlights regional successes, says pandemic curbed revenue
08/04/2020
FCA speech on LIBOR transition
Speech by Edwin Schooling Latter, Director Markets and Wholesale Policy at the FCA, delivered at a webinar hosted by the International Swaps and Derivatives Association 14 July event on 'The Latest in LIBOR Transition, The Path Forward'.
08/04/2020
Tide and ClearBank join the race for £25-£35m slice of Pool E
Back for a second bite of BCR funding.
08/04/2020
Risk of Germany's constitutional court banning QE is averted
The court gave German federal authorities three months to provide evidence an assessment had been done to show the scheme was proportionate to the anticipated outcome
08/04/2020
How to tackle 'tick box' compliance on fund boards
Senior Consultant to our Fund Services team, Melville Rodrigues explains how UK fund boards should pre-empt the FCA needing to impose further mandatory reforms.
08/03/2020
$340m in London law firm's account suspected of 1MDB connection
Money in Clyde & Co’s bank account linked to money allegedly embezzled from Malaysian fund