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Orsingher Ortu Expands Its Capability in Rome

Italian law firm Orsingher Ortu has absorbed Rome-based boutique Verusio e Cosmelli, strengthening its presence in the Italian capital.

ESMA amends guidelines around enforcement of financial information

The amendments to the guidelines will become effective on 1 January 2022.

Luxembourg Update: CSSF's Brexit Transitional Period Advisory

In anticipation of the UK's withdrawal from the EU, the Commission de Surveillance du Secteur Financier provided an update in respect of the status of the transitional period foreseen by the Brexit laws and the mandatory notifications procedure imple

Dear CEO letters show FCA means business

These warnings followed the letter to advisers, which flagged a number of concerns including the perennial question of advice suitability.

‘No surprise visits’ to Pilatus bank

Reasonable suspicion of money laundering in Enemalta deal

Considerations for UK firms after the implementation period

The UK and the EU have indicated, in a Political Declaration, that they intend to reach agreement on the future relationship between the UK and the EU by the end of 2020.

Citigroup Suspends Trader for Stealing Cafeteria Food

Junk-bond trader Paras Shah allegedly took food repeatedly from office cafeteria without paying

Denmark seizes Sanjay Shah’s mansion over £1.5bn fraud claim

He is alleged to have created a complex scheme using fake documents to fraudulently claim tax relief on share dividends in Denmark.

Russian Companies Pushing Gov’t for Crypto, Blockchain Legislation

Despite finding himself very much in the middle of the struggle between regulators and crypto-keen business interests, Aksakov appeared to rule out any lingering fears of a China-style crypto crackdown.

High net-worth Spaniards looking to transfer to Portugal to escape new Socialist regime

This is despite the fact that Portugal is tweaking its non-habitual residency regime – previously representing a 10-year tax amnesty for pensioners – so that subscribers pay a minimal tax on the income from their pensions.

UBS Group Unit Under Investigation By Italy's Prosecutors

Per the Italian law, the companies involved can be held responsible for the actions of their employees.

Adviser in default as claims loom

The growing number of Sipp claims in recent years has been blamed for the increasing FSCS levy on advisers, with the scheme recently warning this trend was set to continue in the near future.

EU checks UK compliance with market rules after Brexit

Brussels would have to deem that market rules in Britain are closely enough aligned with regulation

Asset managers advised to review governance

Alice Bell of Pinsent Masons said firms need to go beyond boilerplate compliance manuals and documentation to meet the FCA's requirements on governance.

Disclosing client instructions did not end confidentiality

The funding was supplied in connection with a disputed sale and purchase agreement, which did not ultimately proceed.

ESMA: Update Governance and Reporting Obligations Following the UK’S Withdrawal from the European Union

The terms of the Withdrawal Agreement stipulate that UK representatives will no longer be permitted to participate in the EU institutions, agencies, or other bodies, and their governance structures, except where exceptionally justified, under the conditio

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