02/01/2018
IOSCO recommendations for liquidity risk
The 2013 Liquidity Report was designed as a practical guide for authorities and industry practitioners and focused, for the most part, on the liquidity risk management of open-ended CIS.
Legal, Regulation & Compliance
02/01/2018
IOSCO issues recommendations and good practices to improve liquidity risk management for investment funds
The final report replaces the liquidity risk management framework contained in IOSCO´s 2013 report Principles of Liquidity Risk Management for Collective Investment Schemes.
01/30/2018
Has the FCA’s IFA register been reprieved?
Until very recently it looked inevitable that the FCA’s IFA register would fall by the wayside, despite opposition from advisers and the industry.
01/30/2018
Scottish Law Firm HQ for Anonymous Shell Companies
Shell firms were advertised as "Scottish zero-tax offshore companies" across the European Union.
01/29/2018
Top fund management consultancy to open in Europe
Casey Quirk is making a pitch for consolidating fund management groups on the continent
01/29/2018
High Court Finds Duty of Care Owed by Arranger of Capital Markets Transaction to Investors
The High Court has granted permission for the bank to appeal the decision.
01/29/2018
Register of ultimate beneficial owners in the Czech Republic
Beneficial owner shall be registered until January 1st, 2019
01/29/2018
KPMG's Audits of Carillion to Be Investigated: UK Watchdog
The investigation will be conducted as quickly and thoroughly as possible
01/29/2018
US files 'spoofing' charges against UBS, HSBC and Deutsche Bank
Deutsche Bank and UBS have agreed to pay $30m and $15m respectively to settle the civil charges in the case
01/29/2018
Endowment and whole-of-life policyholders could lose £841m
The Treasury is introducing a stealth tax this month that could affect 11.6 million savers.
01/29/2018
Isle of Man cracks down on unlicenced activity
The Isle of Man Financial Services Authority is taking a “proactive initiative” to clamp down on financial services professionals conducting regulated activities without a licence.
01/29/2018
BBC, Guardian Can't Move Suit Over Paradise Papers Leak
High Court of the Chancery Justice Vivien Rose denied the media companies’ joint request to move the case from the Chancery Division’s business list
01/28/2018
Pilatus Bank hits back, accuses MEPs of ‘erroneous statements’
Bank says it did not have dealings with Panama companies
01/28/2018
From gobbledygook to Latin: how new EU rules make it harder for investors to understand charges
Whenever fund managers buy or sell a share, they incur transaction costs such as stockbrokers’ commission.
01/28/2018
Mystery surrounds €1.45m ‘sale’ of celebrity lawyer’s mansion
“I’m not selling my home any more,”
01/26/2018
Irish banks set to tackle sour loans through securitisation
DBRS expects three likely loan securitisations in Ireland this year, worth a total of between €600m and €900m.
01/26/2018
FCA enforcement action: market abuse controls
The FCA has therefore fined IBUK £1,049,412.
01/26/2018
Solvency II: EIOPA report on the application of group supervision
EIOPA highlights as an important practical limitation the consistency between the definition of a group and the scope of supervisory powers.
01/26/2018
Appleby advise Tritax Big Box REIT
The transaction is an excellent example of Appleby’s local expertise and transactional support provided by our pragmatic, client-centric and solution driven Crown Dependencies team.
01/26/2018
The FCA has published decision notices against a firm and its chief executive
These Decision Notices are therefore provisional (so far as they refer to OIL) in light of the challenge being made in the Tribunal by OIL as a third party.