04/29/2020
UK regulator ends probe of ex-Barclays banker Roger Jenkins -lawyer
The FCA has discontinued their warning notice,” he said.
Legal, Regulation & Compliance
04/29/2020
Warning against drastic changes to pension savings during uncertain environment
Scammers are also taking advantage of the unprecedented environment to try and tempt savers away from their retirement funds.
04/29/2020
IFA numbers fall for first time since RDR
Commentators have suggested the figures indicate the growing pressures facing advice businesses.
04/28/2020
ESMA and European legislators clash over PRIIPs reforms - reports
In a letter to ESMA, the EC expressed "serious concerns" as to the legality of the regulator's proposals.
04/28/2020
Stranded expats grapple with tax implications of covid-19 lockdown
A spokesman for HMRC, Britain's tax office, told i-Expats: "Events resulting from the impact of the virus are changing rapidly and this guidance may change at short notice as situations change."
04/28/2020
Metro bank to refund customers £10.5m plus interest
It is designed to give customers time to act and can avoid unexpected fees. Unarranged overdrafts or unauthorised overdrafts are not pre-agreed.
04/28/2020
Coronavirus challenges could prompt delays to money-laundering investigations
Investigations and enforcement actions are likely to be "drawn out" in the lockdown period, and banks will face "a much slower process" in dealing with their regulators.
04/28/2020
FCA commences civil proceedings in relation to alleged unauthorised investment advisers
The FCA has secured an interim injunction stopping these activities from continuing and freezing the defendants’ assets up to £624,311 pending further hearing.
04/28/2020
EFAMA calls for urgent completion of regulation review to protect retail investors
To achieve this, a PRIIP KID that provides retail investors with the right information becomes ever more crucial in helping them to make the most informed investment decisions.
04/28/2020
FCA bans insider trader 7 years after conviction
In 2013 the court also ordered Mr Milsom to pay £245,657.58, the amount he personally gained from the £400,000 profit made by the insider trading.
04/27/2020
European Commission approves Malta's €215 million wage subsidy scheme
The Commission concluded that the Maltese measure was "necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State."
04/27/2020
New Jersey law regulation provides temporary arrangements to enable wills to be witnessed by audio-visual link
Such face-to-face contact lies at odds with the social distancing measures that we are required to undertake for the foreseeable future.
04/27/2020
Supervisor-centred automation – the role of human-centred automation in judgement-centred prudential supervision by James Proudman
The first question is whether advances in technology can help improve regulatory data and the way it is collected.
04/26/2020
UK Merger Control: The CMA's Ability To Reject Remedy Proposals
The CAT's judgment confirms the CMA's ability to reject proposed remedies where it does not have a high degree of confidence that these will effectively address identified competitive concerns.
04/26/2020
Central Bank of Ireland offers flexibility around regulations amid COVID-19
To help firms, the Central Bank of Ireland is clarifying its expectations relating to the deadlines for the submission of assurance reports
04/26/2020
The impact of the global lockdown on corporate debt restructuring and trustees
Trustees would need to have suitable indemnities and legal counsel opinions in order to get comfortable with the meeting.
04/24/2020
How to Steal Over £500,000 from Three UK Private Equity Funds by Business Email
Check Point researchers also uncovered a number of purchased domains unrelated to the target mentioned, indicating that there are potentially more targets in cybercrime gang’s lineup.
04/24/2020
EU pushes to ‘phase out’ Malta’s citizenship scheme
Citizenship sale schemes posed money-laundering and corruption risks
04/24/2020
UK employers need to know about these Good Work Plan changes to written statements
Before the recent changes took effect, employers had been legally obligated to provide employees with a written statement of certain terms and conditions, typically in the form of an employment contract.
04/24/2020
1.9m euro seized from bank accounts after two-year money laundering investigation
A two-year investigation into suspected money laundering by an Italian organised crime network has led to the Metropolitan Police Services’s (MPS) largest ever cash forfeiture using an Account Freezing Order (AFO).