10/06/2022
High Court gives guidance on interpreting single director company model articles
The model articles of association, which are set out in the 2006 Companies Act, are the standard default articles available for use by UK companies.
Legal, Regulation & Compliance
10/06/2022
Money mules are getting older – with serious penalties for those caught moving scam cash
In recent times the crime has most commonly been committed by younger people, with those under the age of 24 typically accounting for around half of all money mules identified.
10/06/2022
FCA warns cost of living crisis increases the risk of pension scams
As part of its campaign, the City watchdog is warning consumers of ‘misdirection’ tactics scammers are using to con people out of their pensions.
10/06/2022
Jon W. Harvey on how banking C-suites are adapting to AML change
“Promontory as a business unit within IBM is the advisory piece,” Harvey tells Consultancy.uk.
10/05/2022
Ariel Re Granted Approval for Lloyd’s Managing Agent
The new managing agency, Ariel Re Managing Agency, will assume the management of Ariel Syndicate 1910 together with SPA 6117 from Argo Managing Agency Ltd.
10/05/2022
Key Takeaways from the UK Regulatory Industry for Q3 2022
The new register will require anonymous foreign owners of UK property to reveal their real identities to ensure criminals cannot hide behind secretive chains of shell companies.
10/05/2022
Addleshaw Goddard: Financial Services & Banking News
The delay to the Feedback Statement publication will not impact the publication of the FOS's Plans and Budget for 2023/24, which will be published in December as normal.
10/05/2022
FCA publishes review of business interruption insurance claims handling
These key findings have been published to assist firms in their approach to handling all claims to ensure customers are treated fairly throughout the insurance claims process.
10/05/2022
UBS Hit with Another US Fine
Although UBS conducted annual reviews of its systems, it failed to identify the improper treatment of shares associated with long-selling activities by clients.
10/05/2022
FSCS claims 'taking longer' despite 'massively increased' resources
The advice firm which received this letter also showed FTAdviser a separate email, sent by the FSCS earlier this year.
10/04/2022
Addleshaw Goddard: Financial Services & Banking News
ADR legislation must reflect the need for redress mechanisms that are swift and uncomplicated in the context of digital markets.
10/04/2022
EBA assesses the market share of non-EU entities in the EU banking system and the dependency of EU banks on funding in foreign currencies
These findings reflect the high degree of openness of the EU economy within the global financial system.
10/03/2022
Mediation in England and Wales
Resolution of a dispute by agreement can save legal costs, and settlement also allows the parties to focus again on their business.
10/03/2022
French courts can still apply ‘Macron scale’ despite EU committee decision
Under the new rules, employees dismissed unfairly could expect to receive between one- and 20-months’ gross salary, depending on the length of their service.
10/03/2022
Royal London CEO warns of further gilt pain
More BoE intervention will be required if tax-cutting plans remain unfunded after 14 October says Barry O’Dwyer.
10/03/2022
Bank of England monitoring Credit Suisse as market concern rises - reports
Speculation driven by statement
09/30/2022
Legal 500 UK 2023 recommends Withers as leading firm in 24 areas of law
The strength and depth of the Withers team is particularly impressive.
09/30/2022
Off payroll working rules to be repealed in the UK
Prior to the introduction of the off payroll working rules, the IR35 regime applied universally.
09/30/2022
New right to work check arrangements in the UK
After 30 September, it will no longer be possible to complete right to work checks remotely by using a video call to verify documents.
09/30/2022
Addleshaw Goddard: Financial Services & Banking News
The FOS emphasises that although the UCIS themselves are unregulated, advising on or arranging an investment of this kind may itself be a regulated activity.