08/15/2017
Do Mifid II and the GDPR have conflicting aims?
Mifid II brings a much higher set of expectations around conversation monitoring than previous legislation.
Legal, Regulation & Compliance
08/15/2017
FOS pension transfer and Sipp complaints rise
Half of the cases that made it through to an Ombudsman ruling were upheld.
08/15/2017
Wrongful Arrests Cops probing ‘Putney Bridge jogger’ reveal a SECOND man has been wrongly arrested after millionaire cleared of pusher crime hits out at police
Eric Bellquist says his wrongful arrest has left him 'very upset'
08/15/2017
UK wine investors get scammed
It is the latest in a series of fine wine investment scams uncovered in the UK in recent years.
08/15/2017
UK Trust Register - Withers
UK Regulations set out to implement the UK register of trusts were published in draft earlier in 2017 and came into force on 26 June 2017.
08/15/2017
British cybersecurity expert pleads not guilty to US charges
Hutchins is required to wear a GPS monitor, but Duffin said the court will consider removing that requirement once Hutchins has found a home in Los Angeles and is complying with the terms of his bond.
08/15/2017
HMRC is taking action after the Rangers EBT ruling: issues facing trustees
The issues that affected trustees should now consider are as follows.
08/15/2017
2017 non-dom changes confirmed: how can trustees and individuals prepare?
On 13 July 2017, the government announced that it expects to introduce a Finance Bill as soon as possible after the summer recess, re-enacting the withdrawn-provisions.
08/15/2017
BVI liquidators battle lawyers over legal costs in London court
The liquidators of Peak accepted that the Bank Monies were secured by the Candey’s charge
08/15/2017
Failed Italian Banks Flunked Capital Tests, ECB Says
The move was approved days later by the European Commission.
08/14/2017
Europe’s financial watchdog pressed to investigate asset manager fees
Ireland’s central bank finds evidence of unjustifiably high charges and confusing information
08/14/2017
Tudor and Brevan Howard abandon Mifid
Two large hedge fund companies have dropped their licences for the EU regulation
08/14/2017
Germany seeks arrest of Swiss secret service members
The Swiss financial sector was rocked by a series of data leaks to Germany.
08/14/2017
PPI-claims boss probed over £11.6m payout
HMRC is scaling up its inquiries into so-called disguised remuneration schemes.
08/14/2017
Central Bank of Ireland urges ESMA to probe asset managers' fee disclosures
Following own review
08/11/2017
FCA occasional paper on investment platforms
Based on a review of data from a number of UK platforms, the paper concludes that best buy lists favour funds with a low cost to investors, but also favour affiliated funds and those which pay greater commission rates to platforms.
08/11/2017
FCA signals death knell for LIBOR
Protocol solutions have not previously been seen in the loan markets and are unlikely to provide a total solution in any event.
08/11/2017
Watchdog names and shames high-profile organisations for basic pension governance shortcomings
A large proportion of those failing to produce a statement involved schemes with fewer than 100 members but some were large employers.
08/11/2017
Regulator issues 5,837 penalty notices
Fifty one employers have been issued with escalating penalty notices from The Pensions Regulator
08/11/2017
$855k Russian bank hacker to be extradited from Spain
He is wanted by the United States on suspicion of computer abuse and fraud and on another count of electronic fraud