12/07/2022
How adviser M&A deals have changed in 10 years of RDR
These signal movements in the M&A market were not part of the FSA’s RDR planning
Legal, Regulation & Compliance
12/07/2022
ECB publishes documentation on digital euro prototyping exercise
The material published provides the information needed by any market participant to develop front-end prototypes compatible with the Eurosystem’s back-end infrastructure
12/07/2022
Rowanmoor finds buyer for Ssas and personal pension business
The deal is expected to complete at the end of January.
12/07/2022
Financial Services and Banking News
The proposals set out in the consultation paper will affect authorised persons who approve, or intend to approve, financial promotions for unauthorised persons
12/06/2022
European Court of Justice Decision on Public Beneficial Ownership Registers
The means utilized to achieve these aims often interfere with and/or provide exceptions to the enforcement of individuals’ rights to privacy and confidentiality, as are recognized in democracies across the globe.
12/06/2022
Director banned over £8m care home investment scheme
He has been handed a 10-year disqualification order
12/06/2022
IT issues delay Unified Patent Court start to June 2023
The UPC is being set up to provide a dedicated judicial system for litigating new unitary patents.
12/06/2022
Rulings on Irish directors’ obligations should give directors ‘pause for thought’
Keenan said both cases demonstrated the importance of the obligation on directors to act in good faith in what they believe to be the best interests of the company.
12/06/2022
Court backs cryptocurrency exchange bid to trace alleged fraudsters
The six cryptocurrency exchanges have also been ordered to explain
12/06/2022
OFAC Releases Price Cap Determination and Guidance on the Implementation of Price Cap Policy on Crude Oil Originating in the Russian Federation
This guidance is intended for the transport of crude oil products, and OFAC plans to release guidance on the price cap policy for petroleum products at some point in the future.
12/06/2022
Banks Keep European CLO Market Alive by Buying Their Own Product
Major global banks have historically been the biggest customers for CLOs, but the ones that put the deals together didn’t use to be significant investors in their own vehicles.
12/06/2022
Deutsche Bank Hit With Bonds Cartel Complaint From EU
EU suspects traders illegally swapped pricing and trading info
12/05/2022
Bank accounts and FX services via EDB
Are your bank accounts compliant with regulation and from an EU authorised credit institution?
12/05/2022
Barclays slapped with £8.4 million interchange fee fine
During this time, Barclays processed a third of all card payment transactions in the UK.
12/05/2022
Smart garden communities can deliver for people and businesses
They are becoming increasingly popular forms of development as the UK grapples with the triple task of overcoming a shortage of housing, planning for the future of work and living post-Covid, and addressing the biodiversity and climate crisis.
12/02/2022
Addleshaw Goddard Financial Services & Banking News
The EPC states that all the services listed in this version 1.0 rulebook are currently optional
12/02/2022
FCA highlights continuing concerns about problem firms in the CFD sector
Approximately 80% of customers lose money when investing in CFDs and, because of the risks, the FCA has undertaken an extensive programme of work to ensure consumers are as protected as possible.
12/02/2022
Global advice company obtains Belgium licence
Firm can now provide services to clients across the EU
12/02/2022
PIMFA welcomes FCA proposals for a simplified advice regime
These proposals provide consumers with a first step on the ladder towards accumulating wealth in an efficient manner and should build broader individual confidence in the saving and investment market and the financial advice profession more broadly.
12/02/2022
Pimfa supports private retirement platform launch
It will highlight the range of support those approaching retirement - and those already retired - can receive from financial advisers and wealth managers, as well as other support and advice that might be available.