11/07/2018
IoM Conduct of Business code published
One of the key areas within the document relates to companies in some instances being given the choice to disclose commission either as a percentage of the investment or a monetary amount.
Legal, Regulation & Compliance
11/07/2018
Guernsey will always be leaders
International regulations are pushing all jurisdictions to show that the companies resident in those jurisdictions have substance.
11/07/2018
Fairness, flexibility and the long-term view: the FCA’s vision for the mortgage market
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the UK Finance Annual Mortgage Conference, London.
11/07/2018
Malta faces high money laundering risk
Study reveals weaknesses in controlling cash movements at ports of entry
11/07/2018
Upper Tribunal upholds the FCA decision to fine and ban former Keydata executives
The Tribunal ruled that both had acted without integrity and had failed to deal with the FCA’s predecessor the Financial Services Authority in an open and cooperative way.
11/07/2018
Financial adviser banned for abusing client funds
The UK adviser ‘knowingly took people’s money (£200k) for investments he knew were never viable’
11/07/2018
Barclays executive arrested on suspicion of killing his wife
Mrs Pomphret was a keen horsewoman and a registered volunteer with British Dressage.
11/07/2018
UBS Trader Accused in Insider Case Bought 3-Liter Bottles of Cristal
Choucair, 39, has been a Tramp member since 2001, and, according to prosecutors, took Abdel-Malek to the club after she gave him information on deals UBS was working on.
11/07/2018
Chartered Financial Planner acquires legal firm
Jeffrey and all the team will remain, and indeed will be added to, with a personal service from highly skilled solicitors and support teams we hope to become the solicitors of choice.
11/07/2018
United Nations launches European green finance network with Guernsey
The new European network, which has its base in Dublin, sees Guernsey join other leading financial centres including London, Frankfurt, Paris and Zurich, among others in a broader European commitment to sustainable finance.
11/06/2018
European Firms Look To UK Temporary Permissions
After Brexit the UK will no longer be part of the passporting regime, which allows a financial firm authorised in any EU member state to sell services in all the other member states.
11/06/2018
Aviva gets green light for €4bn pension fund launch in France
In France, insurance companies have generally been the main providers of pension arrangements, but a 2016 law known as Sapin II provided for the creation of pension funds in the form of an FRPS.
11/06/2018
EIOPA calls for immediate action to ensure service continuity in cross-border insurance
The insurers with the largest cross-border business in the EEA30 countries have taken action and are implementing contingency measures.
11/06/2018
Guernsey – in the global elite for private wealth
The Private Client Global Elite is a global directory of the world’s top private client and trust disputes talent and rising stars in the industry. Guernsey Finance sponsored a gala dinner in London for the elite list.
11/06/2018
Maintaining market confidence: an update on Brexit
Speech delivered by Nausicaa Delfas, Executive Director of International at the City and Financial: 3rd UK Financial Services Brexit Summit
11/06/2018
EBA publishes 2018 EU-wide stress test results
The final CET1 capital ratio is also affected by the cumulative decrease of the main sources of banks' income over the adverse scenario compared to the starting point.
11/06/2018
From GoSkippy to diamond mines: the web of Arron Banks's wealth
The tycoon’s complex finances are under scrutiny as the NCA investigates £8m of Brexit campaign funding
11/05/2018
Legal Guide Rankings Confirm Appleby as Leading Law Firm in Isle of Man
Last week Appleby Isle of Man also announced its ranking in The Legal 500
11/05/2018
Higher penalties for offshore matters
An offshore matter is where the potential loss of tax is charged on
11/05/2018
Property investment scheme shut down by courts
Investigation shuts down multi-million ‘Ponzi’ property scheme