03/11/2019
Swedish Bank Exit Is Estonia’s ‘Ultimate Concern’ After Scandals
Money laundering allegations have put spotlight on the Baltics
Legal, Regulation & Compliance
03/10/2019
EU Exit: FCA FIRDS open for testing
We have built FCA FIRDS for firms and trading venues to submit this data. In a no-deal scenario, FCA FIRDS will replace the ESMA FIRDS system in the UK
03/10/2019
FCA to extend charges disclosure to contract-based pension schemes
Proposed rules requiring independent governance committees of contract-based pension schemes to disclose costs and charges to scheme members have been published by the Financial Conduct Authority.
03/10/2019
JTC granted Luxembourg professional depositary licence
The new licence also complements JTC’s non-EU solution
03/08/2019
UK investigators criticised over Qatar fundraising probe
Bankers laughed at suggestion Qatar’s premier would provide services to Barclays
03/08/2019
FCA warns consumers do not understand crypto assets
The FCA estimated only 3 per cent of those surveyed had ever bought cryptoassets and 73 per cent of UK consumers still do not know what a "cryptocurrency" or its definition is.
03/08/2019
Britain Crackdowns On Its Wealthy Money Launderers
The announcement comes barely a week after a data leek revealed how suspicious Russian money had flowed to the U.K. under a scheme dubbed the 'Troika Laundromat’.
03/08/2019
FCA reveals findings from first cryptoassets consumer research
The research includes qualitative interviews with UK consumers and a national survey.
03/08/2019
ECB speech: supervising banks – principles and priorities
Other important priorities for the SSM have been well defined and call for continued focus and effort on the part of both supervisors and firms.
03/08/2019
ESMA’s priorities for the asset management community
The report is at the centre of ESMA’s investor protection mandate: the objective of investors is to increase the value of their investments and costs are a key factor affecting the achievement of that objective.
03/08/2019
UK renews golden visa crackdown
The government has announced changes to the Immigration Rules.
03/08/2019
FCA more than doubles FOS award limit to £350,000
FCA introduces final rules on the Directory of financial services workers
03/08/2019
ESMA approach to MiFID II, MiFIR and BMR under a no-deal Brexit
There is still uncertainty as to the final timing and conditions of Brexit.
03/08/2019
EU Council: draft list of high-risk third countries with strategic deficiencies rejected
The Commission will now have to propose a new draft list of high-risk third countries
03/08/2019
FCA introduces final rules on the Directory of financial services workers
The Directory is expected to go live in March 2020.
03/08/2019
Revised definition of “Shell Companies” by the Central Bank of Cyprus
The term “physical presence of a company/entity is construed as having a place of business or operations (own or rented premises) in the country of registration/incorporation.
03/08/2019
Who were the top 10 deal makers in Scotland's legal profession?
Kenny Kemp and Steven Wilson name the top law firms for number of deals. Read the full list in the new edition of Business Insider magazine - out now
03/08/2019
CJEU interprets concept of beneficial ownership in EU directives
The Danish companies appealed the denial through the Danish court system and the Danish Supreme Court ultimately referred the cases to the CJEU.
03/08/2019
Appleby announces global Female Leaders Network
The network first launched in Jersey in 2017
03/07/2019
FCA action delivers £80 million savings in fees for credit card customers
The data and analysis from this piece of work raised concerns about the application of credit card fees to customers whose management of their account indicated that they might be in financial difficulty.