10/17/2023
Singapore Crypto Bourses Work With UK Investigators
According to Benton, this unique NFT cuts down the duration to freeze assets.
Legal, Regulation & Compliance
10/17/2023
FCA's Rathi pushes for radical overhaul of stock exchange rules
LSE reforms
10/17/2023
Fintech chiefs raise AI regulatory fears in Parliament
It was a theme that was expounded upon by SEC chief Gensler in an interview with the FT, noting that regulating AI is a "hard challenge"
10/17/2023
FCA and Modulr agree customer onboarding restrictions
These include regulatory changes such as the new UK consumer duty, adjustments to push payment fraud reimbursement, and a ban on incentive marketing for high-risk assets like crypto.
10/16/2023
Liverpool DFM with £400m falls into administration
Wealth manager and stockbroker Blankstone Sington previously agreed with the FCA to stop taking new clients in 2021.
10/16/2023
Canada Life shuts UK property fund after redemptions surge
Assets in the Canlife UK Property fund sank to slightly more than £100m, leaving the fund ‘too small to manage effectively’.
10/16/2023
London broker collapses after FCA restrictions
IBP Markets has fallen into special administration after the FCA imposed restrictions on the broker after identifying possible crime risks.
10/16/2023
Lloyds, Natwest and Barclays customers handed 16-day warning
An increase in online banking has been cited by all three banks as the reason for the changes
10/16/2023
Conister makes history by gaining UK deposit taking licence
These deposits, and Isle of Man sourced deposits, will reportedly drive the company’s lending expansion here and in the UK.
10/13/2023
FCA decides to fine and ban James Staley
The FCA considers that, in failing to correct the misleading statements in the letter, Mr Staley recklessly misled the FCA and acted with a lack of integrity.
10/13/2023
GAM Holding AG: Newgame SA withdraws its appeal against the Swiss Takeover Board’s ruling of 31 August 2023
Newgame SA withdrew its appeal on 27 September 2023, as a result of which FINMA’s Takeover and State Liability Committee wrote off the appeal proceedings as having become redundant.
10/13/2023
British Steel associated firm on FSCS default list
Customers who are owed money by these firms may be entitled to compensation from the FSCS.
10/13/2023
Financial watchdog fines Equifax Ltd £11 million for role in one of the largest cyber-security breaches in history
The UK consumer data accessed by the hackers ranged from names, dates of birth, phone numbers, Equifax membership login details, partially exposed credit card details, and residential addresses.
10/13/2023
Ireland introduces central beneficial ownership register for some investment funds
The new Regulations also provide clarification on who constitutes a 'beneficial owner' of a unit trust
10/13/2023
Dutch ruling highlights wider EU legacy issues following telecoms regulatory reform
In reaching its decision, the Dutch court considered a particular delegated EU regulation introduced in December 2020 that sets a single maximum EU-wide mobile voice termination rate
10/12/2023
Bernie Ecclestone is in trouble over money from Julius Baer
The soon-to-be 93-year-old former Formula 1 boss Bernie Ecclestone has pleaded guilty to tax fraud.
10/12/2023
Charles Russell Speechlys launches private office
Charles Russell Speechlys has officially launched the Charles Russell Speechlys Private Office.
10/12/2023
Businesses complain at lack of funding to reduce their own emissions
And despite the challenges, the report found that the majority of UK business leaders were making aggressive plans to eliminate carbon emissions.
10/11/2023
FCA issues 146 alerts in first 24 hours of new crypto marketing regime
The list will help consumers understand where firms' promotions may be breaking the law and to consider the promotion with the full information available.
10/11/2023
FSB: There were alternatives to the CS takeover
There would have been alternatives, according to the top financial stability watchdogs - that sounds very much like justification.