06/17/2020
European Commission kicks off major EU trade policy review
The results of this consultation will feed into a communication to be published towards the end of the year.
Legal, Regulation & Compliance
06/17/2020
The FCA’s and PSR’s joint approach to Access to Cash
The shared objective of the FCA and PSR during the crisis has been to work with industry to ensure the provision of essential services for consumers, including access to cash, in light of bank branch and cash machine closures due to coronavirus and govern
06/17/2020
Guernsey simplifies application process for MGAs
The GFSC said a new application form for MGAs made it simpler for them to apply for a Guernsey licence.
06/17/2020
FSCS to reopen offshore property cases
The group also offers a range of corporate bonds.
06/17/2020
Fines, short jail terms for four ex-ICBC Spain employees in laundering case
A spokesman for the court said that the judge would have to ratify the agreement, which was considered a formality.
06/17/2020
FCA fines London bank branch £38m over anti-money laundering failures
Firms operating in the UK, including branches of overseas firms, must take reasonable care to organise and control their affairs responsibly and effectively
06/17/2020
PIMFA welcomes FCA Chairman Charles Randell’s comments regarding the FSCS Levy
It is also encouraging to see the Chairman of the FCA acknowledge the FSCS Levy is already at an unacceptable level placing an unfair financial burden on firms that serve their customers well and give good advice.
06/16/2020
Standard Chartered closes Guernsey trust business
Standard Chartered's own statement simply read: "Please be aware that the company no longer offers trust and fiduciary services in Guernsey."
06/16/2020
Appleby Mauritius Advises on Tender Offer in Respect of UPL Corporation Limited
The company also provides seeds, seeds treatment, agricultural products storage, and post-harvest solutions.
06/16/2020
EBRD €75 million loan to UniCredit Bank Serbia
UniCredit Bank Serbia is the country’s second largest lender and a long-standing partner of the EBRD.
06/16/2020
Neuberger Berman closes NB Euro Crossroads 2018 on EUR260m
The new fund, NB Euro Crossroads 2018, invests concurrently with the international fund; together they have commitments of over USD1 billion.
06/16/2020
Red Card for Robins’ Owner as Swindon Town FC Fortification Application Denied
The applicant sought fortification before the High Court of England and Wales
06/16/2020
Greece Reopening Lagging Golden Visa Scheme Selling Residency
While the pandemic has led to more government processes going online, he said technology didn't keep up with the visa scheme that could have further expedited applications although critics have warned it's open to money laundering and crime.
06/16/2020
Belarusian authorities raid Russia-owned bank in money laundering probe
The raid on the bank highlighted growing frictions between Lukashenko and the Kremllin.
06/16/2020
Analysis: Is the Torzi arrest a beginning or an end?
Cardinal Angelo Becciu, under whose direction the Secretariat of State first became involved in the now famous London property development, insisted he never had dealings with the businessman.
06/16/2020
FCA statement on short selling bans and reporting
The Short Selling Regulation (SSR) provides EU regulators and the FCA with the power to apply short or long-term bans on short sales in shares, and certain other financial instruments.
06/15/2020
Unpacking UK Tax reliefs – a series
Employees of a qualifying company do not qualify for IR. Directors also do not qualify, unless the director is unremunerated.
06/15/2020
Supervision of costs in UCITS and AIFs
To promote convergence in relation to the supervision of costs in UCITS and AIFs, ESMA has developed criteria to support NCAs
06/15/2020
Why Convicted Ex-UBS Employee May Be a No-Show at Swiss Appeal
Rene S. is appealing the convictions because there was a lack of hard evidence and has always asserted his innocence, said his lawyer Moritz Gall.
06/15/2020
Adviser forms joint venture with spinal cord charity
According to Aspire 16 per cent of people who suffered spinal injuries in 2019 received compensation with amounts ranging from £500,000 to £5m, with the average person paralysed by spinal cord injury aged 55.