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Legal, Regulation & Compliance

06/13/2023

EU horizontal cooperation rules and guidelines adopted after delay

The updated horizontal guidelines and HBERs are welcome as they help to clarify the European Commission’s views in relation to some highly complicated and dynamic areas of competition law.

06/13/2023

New Conversion and Division Options for EU Limited Companies

The Mobility Regulations update the current cross-border merger regime

06/13/2023

Malta Financial Services Authority publishes draft legislative changes to new proposed regime

The MFSA invites stakeholders to provide their feedback on the proposed legislative changes by 22 June 2023.

06/12/2023

BoE rate setter Haskel: 'Further increases in interest rates cannot be ruled out'

Inflation remains ‘too high’

06/12/2023

Lex Greensill and former Credit Suisse bankers face Swiss criminal case - reports

Funds linked to Greensill Capital

06/12/2023

UBS imposes restrictions on Credit Suisse staff to reduce transaction risk - reports

Nearly two dozen ‘red lines’

06/12/2023

FTSE on front foot ahead of Fed and ECB rate calls

A big week for interest rate decisions from both the US Federal Reserve and European Central Bank sees the FTSE 100 rise.

06/12/2023

Burges Salmon wins Private Client accolade at 2023 eprivateclient Excellence Awards

The firm has been successful in the ‘Private Client Law Firm (Full Service)’ category at the 2023 eprivateclient Excellence Awards

06/09/2023

FCA investigating Odey Asset Management as Crispin Odey faces sexual assault allegations - reports

Two brokers reported to be reviewing ties

06/09/2023

Privilege case helps clarify limit of legal confidentiality in Scots law

The university had already handed over a later version of the report that had been edited by its legal team.

06/09/2023

PIMFA warns of ‘halo effect’ from FCA marketing rules for crypto-assets

Crypto-assets are not regulated, are highly volatile and therefore high risk and should only be invested in by sophisticated investors that understand the risk they are taking, not mass market investors.

06/09/2023

Addleshaw Goddard: Financial Services & Banking News

All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the UK financial promotions regime from 8 October 2023.

06/08/2023

FCA seeks to expand firms’ obligations to borrowers in financial difficulty

The FCA has been alive to this.

06/08/2023

UK export control law breaches attracting million pound civil penalties

Keen said: “The recent stats show that compound penalties around the million pound mark for breaching the UK’s export control laws are no longer uncommon.”

06/08/2023

Commerzbank files lawsuit with Frankfurt District Court for vacation of Gallileo building

Under the contractual agreement, Commerzbank is obliged to hand over a vacated building.

06/08/2023

FCA introduces tough new rules for marketing cryptoassets

The new rules come into effect as research from the FCA shows that the estimated crypto ownership has more than doubled from 2021 to 2022

06/08/2023

New Date Set in UBS French Money Laundering Case

The appeals court fell well short of the 2019 first-instance ruling, which had ordered UBS to pay 4.5 billion euros.

06/07/2023

Scottish Building Society selects Iress’s MSO as it enters new growth phase

Scottish Building Society selected MSO to enable it to optimise efficiencies, adapt to changing market conditions and deliver intelligent and engaging customer experiences.

06/07/2023

UBS Gets Breathing Room for Higher Capital Requirements

Globally systemically important banks have more stringent capital requirements than their smaller counterparts, and the additional time gives UBS more leeway to manage the complicated transaction.

06/07/2023

European advisers are ‘confused’ over Mifid II suitability compliance

Some firms have reportedly been asking clients to sign off their own risk level

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