06/14/2019
Opus Fund Services Launches European Fund Administration Business in Dublin
The existing team of 15 professionals are based in their Baggot Street offices.
Legal, Regulation & Compliance
06/14/2019
Asset Management and Investment Funds Group Legal and Regulatory Update - June 2019
The Central Bank has also clarified that the crystallisation and payment of a performance fee by a UCITS upon redemption is not considered an annual calculation for the purposes this requirement.
06/13/2019
ESMA Issues an Additional Five Positive Opinions on National Product Intervention Measures
ESMA’s opinion finds that the proposed measures are justified and proportionate
06/13/2019
Regulatory co-operation between the UK and US: now and in the future by Nausicaa Delfas
BritishAmerican Business and the City of London Corporation have always been important voices when discussing regulatory co-operation and coherence
06/13/2019
‘No-deal' Brexit: European Commission takes stock of preparations ahead of the June European Council (Article 50)
In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scena
06/13/2019
CYPRUS: Central Bank calls for pro-active culture against external risks
Central Bank governor Constantinos Herodotou argues that Cyprus needs to develop a culture of prevention rather than reaction to external uncertainties and risks that could derail the economy.
06/13/2019
FCA publishes final report in relation to RBS GRG
The Financial Conduct Authority (FCA) has today published the final report on its investigation in to Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise (SME) customers transferred to its Global Restructuring Group (GRG).
06/13/2019
Expats in Cyprus targeted by unlicensed IFAs
Rogue IFAs usually target expats that have just arrived and have no investment experience, offering high-risk investments that they claim is safe.
06/12/2019
Guernsey praised by FBI for tackling financial crime
FBI praises island in fight against financial crimeFBI praises island in fight against financial crime
06/12/2019
Regulator probes trustees on pension default funds
Initial indicators showed positive trustee engagement with the pilot, TPR stated.
06/12/2019
Former Deutsche Bank executive accused of cheating on Euribor
Andreas Hauschild was part of a group manipulating interest rate benchmark, court told
06/12/2019
UK Lawmakers Call for Urgent Fix to ‘Incoherent’ Sanctions Policy
“The government has spent the last two years running as fast as it can just to stay in the same place,” the MPs said.
06/12/2019
FCA Outlines Risks of Money Laundering to Capital Markets
The review noted that, between April 2017 and March 2018, capital markets firms filed only 324 suspicious activity reports (SARs) of the more than 460,000 reports submitted to the UK National Crime Agency.
06/12/2019
Conduct Risk - Is Your Framework Compatible with the FCA's Agenda?
The FCA launched the 5 Conduct Questions Programme in 2015, initially as a Supervisory tool for the Wholesale Banking sector
06/11/2019
FCA reviews money laundering risks in the capital markets
We sought information to enhance our view of these risks and vulnerabilities.
06/11/2019
Principles for Exiting a Customer - FCA
If consumers or firms are told that they cannot be banked, then they need to know why and how they might move forward.
06/11/2019
The Judicial Review 'Filter' and need for Open Justice
Such paralysis would clearly be contrary to efficient public administration.
06/11/2019
Kennedys increases footprint in Chile with six-strong team
The team acts for Chile’s largest insurers and reinsurers, as well as international insurers, reinsurers and corporates.
06/11/2019
Fund Finance in Luxembourg: the essentials
The result is an attractive, secure legal framework that works strongly to the benefit of secured finance parties in transactions involving Luxembourg obligor corporate and fund structures granting security and, consequently, fund promoters seeking invest
06/11/2019
FMS.next has been enhanced to support PSD2 and Open Banking requirements
The solution comes with a preloaded set of APIs to cover requirements of directives, implementing all necessary security mechanisms for authentication and consent management.