08/24/2016
OJ – RTS on business reorganisation plans and liabilities arising from derivatives under BRRD
The Official Journal of the European Union (OJ) has published a delegated regulation supplementing the Bank Recovery and Resolution Directive
Legal, Regulation & Compliance
08/24/2016
Brooks welcomes settlement in two-year trust legal tussle
The dispute relates to Brooks’ 2012 purchase of Channel Island fund manager Spearpoint, which had invested around £30 million in zero dividend preference shares issued by Origo.
08/24/2016
UBS hedge fund whistleblower claims unfair dismissal
He is also claiming unfair dismissal and a failure of employer to pay.
08/24/2016
Irwin Mitchell's profit plunges as revenue hits £221m after merger
In its next full year of results the firm expects to reach a revenue of around £250m.
08/24/2016
UK IFA ordered to pay client over Arch cru pension transfer
UK-based IFA firm Tenet must compensate a client for advising him to transfer his pension into the doomed high-risk Arch cru fund, which lost investors up to £361m ($462m, €408m).
08/23/2016
Switzerland and Italy seek better coordination over Europe
Relations between the two nations currently centre on cross-border issues, trade and ties with the European Union.
08/23/2016
Germany’s Central Bank's plan to raise retirement age to 69 sparks anger
While Germany’s Central Bank plans to raise the retirement age by two years to counteract the effect of the aging population, Chancellor Angela Merkel’s spokesman says government will ‘stand by retirement at 67’
08/23/2016
MiFID II – delegated regulations - Herbert Smith Freehills
The European Commission has published a delegated regulation supplementing the recast Markets in Financial Instruments Regulation (MiFIR II). It contains regulatory technical standards (RTS) for the reporting of transactions to competent authorities.
08/23/2016
Offshore trusts have stake in 200 PFI schools
Labour has called for a debate
08/23/2016
European Commission recognises quality of Jersey’s auditor oversight regime
The European Commission confirmed that it was satisfied with the JFSC’s information confidentiality provisions in relation to auditors in its recently published legislation, referred to as an Adequacy Decision.
08/23/2016
Ogier advises on launch of AEW Value Investors Asia II Fund
Investors in the fund are primarily public and corporate pension plans and insurance companies based in both the US and Europe.
08/23/2016
Carey Olsen advises Mercer Real Estate Partners on £235 million real estate fund
Mercer was established in 2010 to efficiently capitalise on UK property market distortions across a range of investment types.
08/22/2016
Jersey begins sweeping review and revamp of funds regulation - Appleby
In the first step of a radical overhaul and rationalisation programme for Jersey fund regulation, on 1 August 2016 the Jersey Financial Services Commission (JFSC) and the States of Jersey (Government) issued a joint consultation on proposals for substanti
08/22/2016
Too big to fail still too big a problem for banks
The guidance has been drafted based on responses to a consultation which was launched last November.
08/19/2016
Review of the client money rules for insurance intermediaries - FCA
Since the consultation was published, the FCA has been working very closely with the industry, including trade bodies.
08/19/2016
Mourant Ozannes advises longstanding client
Mourant Ozannes' corporate team is a leading practice known for acting on the most complex and demanding transactions, with a particularly strong reputation for corporate finance, mergers and acquisitions and private equity.
08/19/2016
CPMI-Iosco issue UPI consultative report
The report responds to the G20’s agreement in 2009 that all OTC derivatives contracts would be reported to TRs, as part of the G20’s
08/19/2016
Five partners quit Irwin Mitchell's London real estate team including four joining Dentons
Dentons recruits four-partner City real estate team comprising former SJ Berwin partners
08/19/2016
Swap Use Probed in Sweden as Nordea Finalizes $9.5 Billion Deal
Nordea plans to transfer the credit risk on 8.4 billion euros ($9.5 billion) of corporate loans to investors
08/18/2016
London Stock Exchange merger now heads to the regulators as Deutsche Boerse seals investor support
We will now focus on achieving the necessary regulatory and anti-trust approvals.