01/11/2023
Addleshaw Goddard: Financial Services & Banking News
The PRA also expects to complete its assessment of any outstanding branches within the temporary permissions regime and will set out its proposed supervisory approach to branches.
Legal, Regulation & Compliance
01/11/2023
FCA penalises Al Rayan Bank for anti-money laundering failures
The firm failed to adequately check its customers’ Source of Wealth and Source of Funds
01/11/2023
FCA consults on protection for customers in financial difficulty
The FCA said the consultation is seeking to introduce “insurance guidance that applies to all customers in financial difficulty”.
01/10/2023
FCA: ‘Cost of living important context for the consumer duty’
There are four in total: the products and services outcome, the price and value outcome, the consumer support outcome and the consumer understanding outcome.
01/10/2023
PFS member director hits back at CII allegations
There is clear evidence through publications, documentation and statements issued by the CII that there is a lack of understanding from the CII regarding the evolution of financial planning," Barnes said.
01/10/2023
Real estate investors should look at student accommodation amidst economic headwinds
The pandemic forced a shift to remote working – a change that many workers have considered beneficial to their work-life balance.
01/10/2023
Highvern Ireland gains approval for fund administration services
Highvern launched its Irish business in Dublin last January, adding to the group's presence in the Cayman Islands, Guernsey, Jersey, the UK and Switzerland.
01/10/2023
Maples Group's New Sponsorship with Museum of Literature Ireland Expands Learning Programmes
MoLI, which was launched in 2019, is one of Ireland's newest attractions and celebrates Ireland's unrivalled literary pedigree and its international influence.
01/09/2023
Deloitte turns down thermostats of UK offices
Businesses are also feeling the pinch – and not just small or mid-sized enterprises, either.
01/09/2023
Warning to 10 million Lloyds bank customers over big plans to change services
No changes have yet been made and it is understood the plans are theoretical at this stage.
01/09/2023
Sunak’s growth strategy ‘missing’, says former Bank economist
Mr Sunak desperately needs to grow the economy to reduce the economic slump that is worsening the situation with soaring prices and striking workers.
01/09/2023
Quilter told to compensate client over legacy pension advice
The Fos said therefore Quilter is responsible for the advice being complained about.
01/06/2023
FCA finds number of issues still remain with CMCs
The regulator also said it was concerned about CMCs failing to investigate the veracity of claims properly and firms using their FCA authorisation to legitimise their non-regulated services.
01/06/2023
Data protection enforcement power struggles highlighted in Meta case
It used its powers to do so under a regulatory cooperation mechanism that operates under the EU’s General Data Protection Regulation (GDPR).
01/06/2023
EU ruling loosens pharma companies’ control over brands
Trade mark holders in the EU have the exclusive right to control when and where their goods are first placed on the EU market.
01/06/2023
PRA statement on the recalculation of the Transitional Measure on Technical Provisions
This statement highlights the PRA's recent invitation to insurance firms to recalculate the Transitional Measure on Technical Provisions.
01/06/2023
Addleshaw Goddard: Financial Services & Banking News
The letter follows the FCA's previous portfolio letter in October 2020 which details the regulator's two-year strategy and work plan for setting expectations of firms to mitigate the primary risks identified within the market.
01/06/2023
£1.1m Ponzi scheme fraudster jailed for three years
He told victims that the investment was ‘virtually risk free’
01/05/2023
K&L Gates Expands Global Footprint, Financial Services Client Offerings with Establishment of Dublin Office
K&L Gates’ Asset Management and Investment Funds practice has more than 50 years of experience in the financial services industry and comprises more than 150 lawyers throughout Asia, Australia, Europe, the Middle East, and North America.
01/05/2023
UK Pensions Dashboard Pursues Data Sharing Inspired by Open Banking
The Pensions Dashboard Regulations, which came into force in December, were designed to create the legal and technical framework for unified dashboards that enable retirees to view and manage their pensions from multiple providers.