Managers of Wealth Europe

FCA warns public of investment scams as over £197 million reported losses in 2018

The most common scams reported involved investments in shares and bonds, forex and cryptocurrencies

ICMA guide to due diligence requirements under Securitisation Regulation

The obligation to provide the information is on the originator, original lender or SPV. Failure to do so can result in administrative sanctions, remedial measures (including financial) and may also carry criminal sanctions.

Political agreement reached on EMIR Refit Regulation

This regulation was adopted in 2012 following the financial crisis to better manage and monitor the risks arising from derivatives markets for financial stability.

Law firm Blackadders ramps up Aberdeen presence with merger

The merger underpins Blackadders’ investment in people and our business infrastructure to reinforce our position for continued, strategic growth.

ESMA sets out use of UK data in ESMA databases under a No-Deal Brexit

ESMA’s statement aims to inform stakeholders on the approach it will take on all ESMA IT applications and databases.

Political agreement reached on cross-border distribution of investment funds

This will lead to more choice for investors, at lower costs - an important milestone for the Capital Markets Union.

Manraj Virdee sentenced to 2 years for illegally operating an investment scheme and fraud

The sentence followed earlier guilty pleas to 4 charges relating to misleading consumers, fraud and the illegal operation of an unauthorised investment scheme worth over half a million pounds.

The Importance of Diversity

Speech by Andrew Bailey, Chief Executive of the FCA, at the PIMFA Wealth of Diversity Conference 2019.

ESMA agrees no-deal Brexit MOUs with the Bank of England for recognition of UK CCPs and the UK CSD

ESMA has previously communicated, in its public statements of 23 November and 19 December 2018

CBI Brexit update on location requirement for directors and designated person

Central Bank of Ireland's Brexit update on location requirement for directors and designated persons of fund management companies

UBS gets approval to move some U.K. jobs to Germany amid Brexit

UBS — which said it was forced to take the move because of the U.K.'s plan to leave the European Union — is the latest bank to go to court for permission to activate Brexit plans, with the country's scheduled departure now just weeks

Draft EU Exit legislation relating to the financial services framework between the UK and Gibraltar

Updated with ‘The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019

Industry scheme prevents £38m of fraud

The Banking Protocol trains bank staff to spot when someone is about to fall victim to a scam in order to prevent them from withdrawing cash to give to a fraudster.

Swiss court rules against Julius Baer in East German assets row

Julius Baer has said previously that it is contesting the claims of the German government agency and has taken measures to defend its interests.

Latvian financial regulator: banks now focused on domestic market

The head of Latvia's financial regulator, the Financial and Capital Markets Commission said February 5 that a huge overhaul of the banking system was now "in a closing phase"

FCA orders more fund disclosure from asset managers

Today’s rules and guidance complement that work by helping consumers understand more about how their money is being managed, so that they can make better investment decisions.

Using EU law to improve the Brexit deal along the lines requested by the UK Parliament

The WTO provides a basic level of trade liberalisation and there is no need to accept such a level of trade freedom as a concession.

Muckle expands services for private clients

Following a significant increase in demand, independent North East law firm for businesses Muckle LLP has expanded its private client team

Bank to the Super-Rich Defeats ‘Unspoken Sexism’ Case

In the lawsuit, Ball had argued that an “unspoken sexism” at the lender prevents women from speaking up when they’re denied promotions

Mourinho accepts one year suspended prison sentence for tax fraud in Spain

Spanish prosecutors said Mourinho, 56, failed to declare revenues from image rights in Spanish tax declarations from 2011 and 2012, when he was coach of Real Madrid, "with the aim of obtaining illicit profits."

Legal, Regulation & Compliance