08/18/2022
Just two weeks left to register a trust with HMRC or risk a penalty
It is the responsibility of the trustees to ensure the trust is registered online by the deadline
Legal, Regulation & Compliance
08/18/2022
Chambers Global Practice Guides - Private Wealth 2022
The guide provides information on 34 jurisdictions
08/17/2022
FCA encourages market participants to continue transition of LIBOR-linked bonds
Publication of synthetic LIBOR settings will be for a temporary period only
08/16/2022
Addleshaw Goddard: Financial Services & Banking News
As a result, the FCA will expect that firm to voluntarily apply to cancel its temporary permission and either enter supervised run-off to run-off its UK business (if eligible) or leave the UK perimeter.
08/16/2022
Barclays’ ‘broken’ mortgage live chat service feeds misinformation
Legally, both have to be paid off at the same time. But I was wondering if we could stagger completion of the two charges.
08/16/2022
A new regime for critical third party providers to UK financial services firms is on the horizon
Publication of DP22/3 marks an early step on the road to the introduction of a new designation regime for third party providers in respect of the material services they provide to the UK financial services sector.
08/16/2022
FCA redress proposals ignore clients' best interests
So in that role of protecting consumers they must be considerate of clients' best interests, and what that means when unsuitable advice is given.
08/16/2022
Businesses urged to set and report on purpose
Its vision is for all businesses in Scotland to “have become purposeful businesses which profit from finding solutions for people and planet” by 2030.
08/16/2022
Addleshaw Goddard Financial Services & Banking News
The amended guidance, which has been approved by the JMLSG Board, has been submitted to HM Treasury for Ministerial approval.
08/16/2022
Proposed DWP regulations on DB scheme funding will accelerate pension liability buy-outs and the demise of DB schemes
Mercer questions whether the accelerated demand could be met by current market participants
08/15/2022
Advice firms with over 50 IFAs rose 17%
Firms providing restricted advice accounted for 37%.
08/15/2022
Paul Hastings Represents Arrangers and Funds in £2 Billion Acquisition of Ultra plc
The debt financing comprised a package of senior secured TLB and RCF, privately placed senior unsecured notes and privately placed floating rate PIK toggle notes.
08/15/2022
Screening of third country transactions in Ireland to become the norm
Parties must also notify the minister if such a transaction involves the use of critical technologies such as artificial intelligence, cybersecurity, and defence, as well as the supply of energy, raw materials or food.
08/15/2022
PwC scraps 2:1 entry requirement for graduates as City war for talent heats up
EY has already scrapped the threshold.
08/15/2022
Supreme Court decision highlights complexity of the UK’s tax system
This could be because the computation of the corporate tax base in the UK is complicated and requires a nuanced understanding of different factors – a point highlighted by the Supreme Court earlier this year.
08/15/2022
4C Labs granted medical cannabis licences by UK’s regulatory authority
The licences also enable 4C labs UK to distribute cannabis based medicines to registered UK and Channel Island Pharmacies.
08/12/2022
Marlin Capital Partners expands Apex Group partnership
This extends Apex Group’s existing partnership with Marlin, having been appointed in 2021 to provide outsourced Management Company, Middle Office and Fund Administration services to the Marlin Money Market Fund.
08/12/2022
Addleshaw Goddard: Financial Services & Banking News
The letter raises concerns about the PRA's proposals for the strong and simple prudential framework for non-systemic domestic banks and building societies.
08/12/2022
'Utterly dishonest' Axiom fraudster gets 14-year sentence
All the money vanished when the firm went bust. Schools received £19.5mn from the Cayman Islands-registered fund, using some of the money to buy an estate in Cumbria.
08/12/2022
SJP to compensate wife of partner over 'unsuitable' pension advice
It would not be unreasonable for SJP to assume that its appointed representatives could make informed decisions for themselves.