08/11/2022
UK standard-essential patent reforms parked, for now
The UK is not alone in considering whether the SEP ecosystem achieves the right balance between incentivising innovate and providing implementers access to standardised technologies.
Legal, Regulation & Compliance
08/10/2022
EBA consults on technical standards to help originator institutions determine the exposure value of synthetic excess spread in securitisations
It also introduced a provision on how to determine the exposure value of SES in synthetic securitisations.
08/10/2022
Atom Bank attains full registration with business Standards
Atom Bank is "going beyond" basic statutory regulatory requirements.
08/10/2022
One Four Nine Group Acquires Second Firm In Scotland
One Four Nine Group recently launched its tax efficient alternative investment panel exclusively for all its Locations
08/10/2022
A new type of FCA authorised fund - the Long-Term Asset Fund (LTAF)
The purpose of the LTAF is to provide a UK authorised open-ended fund structure that enables investment in long-term, illiquid assets while offering appropriate structural safeguards.
08/10/2022
Fraudster pleads guilty to giving unauthorised advice
Sentencing for the offences of carrying on unauthorised business will take place after the conclusion of the trial for the fraud offence.
08/09/2022
FCA reforms rules for financial promotions
This rule is known as the “financial promotion restriction” and is set out in section 21 of the Financial Services and Markets Act 2000 (FSMA).
08/09/2022
FSCS urges families of deceased LCF investors to come forward
At the time, it still had 88 bonds left and had paid out on 12,330 bonds, totalling more than £114mn.
08/09/2022
Pru apologises for appalling customer service levels
The client has now received their benefits and has been paid £225 in compensation.
08/09/2022
PwC fined £2.5m over BT fraud audit failures
One of the firm’s former audit partners was fined £60,000
08/08/2022
JetBlue Airline boss over-hiring to beat staff exodus
Airlines have cut summer schedules and made last-minute cancellations.
08/08/2022
City workers get double-digit wage rises while lowest-paid see 1% increase
Report finds ‘tale of two labour markets’ as workers in London’s financial district enjoy inflation-busting increases
08/08/2022
PS7/22 | CP3/22- Responses to Occasional Consultation Paper – March 2022
The implementation date for the policy changes set out in chapters 2, 3, 4, 5, 7, and 8 of this PS is Thursday 1 September 2022.
08/05/2022
Bank of England shows new focus on inflation
Central bank accelerates rate hikes with 0.5% increase, but dire forecasts signal rates may not go as high as previously feared.
08/05/2022
Outsourcer Serco to hand out total of £9m in one-off payments to staff
The payments will be made to staff outside management grades
08/05/2022
Explanatory Note: Managing the operational implications of APF
During the course of 2022, the Monetary Policy Committee began reducing the stock of assets held in the Asset Purchase Facility to meet its monetary policy objective.
08/05/2022
Bank of England increases interest rates by 0.5 percentage points – how to make more of your savings
The Bank of England has raised interest rates by 0.5 percentage points to 1.75%. Here’s what it means for savers and how they can make more of their savings.
08/04/2022
FCA confirms new rules to improve oversight of Appointed Representatives
Principal firms are responsible for ensuring their ARs comply with our rules.
08/04/2022
Addleshaw Goddard: Financial Services & Banking News
The FCA has confirmed that although at this stage it will not intervene it will continue to monitor the market and may intervene in future if it sees evidence of practices similar to that previously seen in the General Insurance market.
08/03/2022
FCA proposes DB transfer redress be paid into a DC scheme
Some schemes may also no longer exist, having wound up and there is no legislation which compels trustees to accept former members who transferred out.