07/14/2020
SJP puts five funds on ‘watchlist’ after value assessment
UK & General Progressive and UK Growth, both managed by Majedie, had underperformed their benchmarks.
Legal, Regulation & Compliance
07/14/2020
Oatly gains momentum in its global plant-based movement and fuels expansion with a $200 million equity investment led by Blackstone Growth
The injection of capital will fund the company’s overall growth plans, which include expansion in current markets and new production plants and related jobs in Europe, the United States and Asia.
07/13/2020
CSSF FAQ on protection of investors in case of NAV calculation errors and investment breaches
The purpose of the Circular is to set out the minimum rules of conduct to be followed by collective investment professionals in Luxembourg
07/13/2020
FCA modification by consent of SUP10A.5.6R
The Companies (Shareholders’ Rights to Voting Confirmations) Regulations 2020 have been made.
07/13/2020
Marktplace and online platforms: new rules from the EU
The focus of the new regulation is the relationship between business users and online intermediation services (marketplaces) and search engines.
07/13/2020
Central banks expand their role to address the crisis
Far from being impotent, they have again been crucial actors in the pandemic
07/13/2020
Britain seeks to preserve UK lawyers’ access to EU market
Proposal opposed in Brussels, which says plan amounts to retaining existing rights
07/13/2020
Kobre & Kim, Robin Rathmell Receive Chambers Recognition for Financial Crime Involving HNWI’s
Of the firm’s services, one commentator told Chambers: “I have never seen such high-level work, strategic thinking and speed in a law firm.”
07/13/2020
HK and UK-based boutique targets international clients
It has taken over Strabens Hall’s business in the SAR and works closely with the firm in the UK.
07/13/2020
Monaco Yacht Show has been cancelled
30th Anniversary of Monaco Yacht Show now confirmed for September 2021.
07/13/2020
Jersey to tap staycation seekers as island re-opens borders
Now more than ever, we believe that visitors will value our pristine beaches, uninterrupted coastal paths, unique hospitality and big spirit.
07/13/2020
£1.5m legal bill forces rethink over McMafia wealth orders
The orders were the key measure in the Criminal Finances Act
07/13/2020
HMRC cracks down on furlough fraud with first arrest
The vast majority of employers will have used the CJRS responsibly, but we will not hesitate to act on reports of abuse of the scheme.
07/13/2020
The future of operational resilience in financial services
The Discussion Paper referred to operational resilience as the ability of firms and the financial sector to prevent, adapt, respond to, recover, and learn from operational disruptions, and the Consultation Papers have kept that definition.
07/10/2020
HMRC reports £31bn in unpaid tax
It blames evaders, but businesses and individuals responsible for most of the missing cash
07/10/2020
Ireland introduces central beneficial ownership register for some investment funds
The regulations for funds follow the introduction of a Central Register of Beneficial Ownership (CRBO) for companies last year, with this register overseen by the Companies Registration Office.
07/10/2020
Basel Committee publishes final revisions to the credit valuation adjustment risk framework
Committee members reaffirmed their expectation of full, timely and consistent implementation of all elements of these reforms and the Committee will continue to closely monitor their implementation.
07/10/2020
FSB and Basel Committee set out supervisory recommendations for benchmark transition
The report includes insights on remaining challenges to transition based on surveys undertaken by the FSB, the BCBS and the International Association of Insurance Supervisors (IAIS).
07/10/2020
Covid-19: FCA finalised guidance for payment and e-money firms on safeguarding customers' funds
The FCA hopes to conduct a full consultation later in 2020/21 on changes to its approach document, which is likely to propose incorporating this additional guidance.
07/10/2020
GUERNSEY: March Quarter 2020 Investment Statistics
Over the past year, total net asset values have increased by £16.4 billion (7.6%).