05/30/2023
Charity land disposals: new law is coming into force
Third Sector magazine has reported research that the number of fundraising jobs advertised as offering hybrid working has grown by 900 per cent since before the pandemic.
Legal, Regulation & Compliance
05/30/2023
Apex Group sets out Ireland expansion plans with the creation of new jobs at Limerick office
This announcement follows continued organic and acquisitive growth for Apex Group in Ireland, including the recent client win of Boston Partners for Management Company Services and planned acquisition of the Irish depositary business of Bank of America.
05/30/2023
Clifford Chance advises the lenders in relation to BDR Thermea Group's €650 million Revolving Credit Facility
The Facility is envisaged to become Sustainability-Linked in the course of 2023.
05/30/2023
Ex-director alleges Scottish Mortgage misled investors in FCA complaint
Amar Bhidé has written to the Financial Conduct Authority complaining that the company failed to properly address his concerns about how it selected new members of its board.
05/30/2023
B&G investor to finally receive full compensation after FOS decision
These mini-bonds were mis-sold to retail customers in a scandal that is felt to this day.
05/26/2023
RSH publishes regulatory judgement for East End Homes Limited
East End Homes Limited is non-compliant with the governance element of the economic standards and has been downgraded to G3 status.
05/26/2023
Lenders to pay out up to £47m in redress to borrowers in difficulty
The FCA has so far secured up to £47m of redress from 17 of these firms for over 195,000 customers.
05/26/2023
Company for the 'ultra-rich' had rights breached by €373,000 FIAU fine
Court says law did not assure Insignia Cards Ltd right to a fair hearing
05/26/2023
Carey Olsen named Offshore Law Firm of the Year by Chambers Europe
Winners across the 26 categories were selected based on extensive research and client interviews conducted by a team of more than 200 research analysts.
05/26/2023
Joint statement from FCA, PRA and Bank of England on the government’s proposed amendments to the CCP run-off regime
The regulators recognise and fully support the intention to facilitate the continuity of these clearing services to UK firms consistent with the original amendment
05/25/2023
ESMA reports points out improvements needed in supervision of asset valuation
The CSA was launched in January 2022, with the aim of assessing, fostering and enforcing the compliance of supervised entities with the organisational requirements with respect to asset valuation.
05/25/2023
FCA finds young investors are more likely to have long-term goals in mind when dating than when investing
New research from the FCA has found that young investors think longer-term and are less influenced by social media when dating compared to their investing behaviours.
05/25/2023
Office of Data Protection Authority marks 5 years since introduction of landmark legislation
It has been a huge privilege for me to be Commissioner for the Bailiwick during this important chapter in our history
05/25/2023
Swiss Government Orders Credit Suisse Bonus Ban
he order, which follows the multibillion-dollar government bailout of Switzerland's second-largest bank, applies to around 1,000 bankers at the top three management levels of Credit Suisse.
05/24/2023
FCA proposals to align rules for fund managers and discretionary investment managers pose material threat, says PIMFA
PIMFA members are deeply concerned that such an alignment would result in rules that have been specifically designed for the management of funds, being inappropriately extended to the managed portfolio services (MPS) they offer to retail clients.
05/24/2023
Italian government plans sovereign wealth fund set up
The government is pondering the role of the Ministry of Economy and Finance (MEF) in the project as an investor that could only hold minority stakes in companies, reports added.
05/24/2023
François Villeroy de Galhau: Monetary policy transmission - where do we stand?
The Governing Council has already taken prompt and forceful actions to tighten the stance of monetary policy.
05/24/2023
Deutsche, Citi admit anti-competitive bond market activity in UK probe
The CMA said the conversations are alleged to have related to the buying and selling of UK government bonds - specifically, gilts and gilt asset swaps - and included details on pricing and other aspects of trading strategies.
05/23/2023
FCA plans to align rules for fund managers and investment managers pose material threat says Pimfa
The extension of fund rules to managed portfolio services would, in almost all cases, be entirely inappropriate.
05/23/2023
International regulatory group unveils first set of global rules for crypto industry
The first, conflicts of interest, was especially centred around the widespread vertical integration of various crypto activities ‘under one roof', which the report emphasised should be properly disclosed and separated.