12/09/2022
UK to Ease Financial Regulations in Post-Brexit Shakeup
Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center
Legal, Regulation & Compliance
12/09/2022
Edinburgh Reforms to REITs will end uncertainty around existing property loopholes
The amendment of the REIT rules will simplify transactions by opening some of the loopholes already in use across the industry rather than trying to close them.
12/08/2022
Dutch Rabobank in money laundering, terror finance probe
But the DNB concluded last year that Rabobank was still falling short and slapped it with the fine and the recommendation.
12/08/2022
New flexible working rights good news for employees
The Employment Relations (Flexible Working) Bill (5 pages / 101KB PDF), proposed by Yasmin Qureshi MP, will require employers to consult with an employee before rejecting a flexible working request
12/08/2022
Burges Salmon named as Top 75 UK employer in Social Mobility Foundation Index 2022
The firm is recognised for its commitment to advancing social mobility in both community and workplace
12/08/2022
FSCS confirms 10 regulated firms in default
A default usually means the firms have gone out of business and are unable to meet any claim themselves.
12/08/2022
Financial services industry delving into data: the new consumer duty across insurance, asset and wealth management
Much has been written about the Consumer Duty, but an important aspect to hone in on is the role data and analytics can play in the successful implementation of the duty.
12/08/2022
FCA proposes new regime for mainstream UK investment financial advice
The proposals have been made following the regulatory body’s recent Financial Lives survey, which found around 4.2 million people in the UK hold more than £10,000 in investable assets mostly or entirely cash and are open to investing some of i
12/08/2022
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The depth of the knowledge, expertise and experience of service providers here is world renowned.
12/08/2022
Mourant acquires Luxembourg legal and governance services business
The acquisition will enable Mourant to provide clients with legal, corporate and entity management services from Luxembourg, one of the world's leading international finance centres and the second largest global funds centre.
12/08/2022
IQ-EQ's UK Regulatory Compliance business expands with acquisition of Laven Compliance Ltd
The acquisition does not involve any other part of the Laven Group.
12/07/2022
FCA outlines stronger rules to protect consumers from rogue financial promotions
Under current legislation, any FCA authorised firm is allowed to approve financial promotions on behalf of other firms who are not authorised by the regulator.
12/07/2022
Companies face fines and prison if they do not comply with the Economic Crime Act 2022
The ECTEA received Royal Assent in March 2022 and is part of the UK Government’s strategy to combat crime and make the ownership of assets more transparent.
12/07/2022
Deutsche bank, Rabobank hit with EU antitrust charge over bond cartel
It said some of their traders communicated mainly through emails and online chatrooms.
12/07/2022
FCA publishes Decision Notices against three bond traders for market manipulation
The FCA considers that the individuals repeated this pattern of deliberate and intentional market manipulation on a number of occasions and were dishonest.
12/07/2022
German tax fraud ‘mastermind’ risks nine years in jail
Prosecutors have told the district court in Bonn that Berger was a key figure in the complex scheme, initiating “cum-ex” deals and teaching others how to game the system.
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
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