05/09/2022
Long Arm of U.S. Law Nabs Oligarch's Yacht in Fiji
The yacht arrived in Fiji on April 12, and a week later a judge ordered authorities to prevent is leaving Fijian waters.
Legal, Regulation & Compliance
05/09/2022
FCA bans five 'reckless' directors for unsuitable pension advice
The City watchdog said the firms provided unsuitable advice to more than 2,000 customers, with losses of more than £50mn.
05/09/2022
Digital Markets Act: Commission’s expectations on timeframes clarified
The Commission will be responsible for enforcing compliance with the DMA.
05/09/2022
Directors should take note of recent updates to Irish corporate law
Future legislation is expected to put some of these measures on a permanent basis.
05/09/2022
Reforms to UK competition law and merger control regime confirmed
The government has also decided against legislating specifically for the handling of whistleblowers in the context of competition law cases.
05/09/2022
New Charities Law to be introduced in Guernsey
Guernsey is introducing legislation to regulate the charitable sector.
05/08/2022
Financial Regulation: Daily Update
The FCA is more resilient to the economic and geopolitical disruptions of today
05/08/2022
The widening scope of the Quincecare Duty
The Philipp case provides an excellent opportunity for financial instructions to review and improve their APP fraud measures.
05/06/2022
Digital Services Act agreed by EU law makers
Fines of up to 6% of the annual global turnover of will be able to be levied on online platforms and search engines that fail to comply with the new legislation.
05/06/2022
European data protection authorities agree to enhance cooperation
The EDPB said there are qualitative and quantitative criteria that the authorities will refer to for collectively identifying when a cross-border case is to be subject to the enhanced cooperation measures.
05/06/2022
Irish Central Bank outlines SFDR and taxonomy disclosure expectations for Irish funds
The latest draft of the RTS will now be scrutinised by the European parliament and the Council of Ministers and are expected to apply from 1 January 2023.
05/06/2022
Financial Regulation Daily Update
The campaign aims to raise awareness of increasingly sophisticated investment scam tactics.
05/06/2022
FCA warns of 'poor' practices ahead of D2C platform review
The City watchdog said it had found: a lack of a succinct comprehensive list of charges being clearly signposted
05/06/2022
Sberbank Facing Swift Expulsion
Sberbank and the other two banks would join seven other banks that the EU said it would bar from Swift in March.
05/06/2022
Financial Services & Banking News
The updated ITS specify the data collection for the supervisory benchmarking exercise of 2023 in relation to the internal approaches used in market and credit risk and IFRS9 accounting.
05/06/2022
Advice firms spend 71 days annually on CIPs
The majority of firms think CIPs are in danger of “overheating” and will soon reach a tipping point where they become unworkable.
05/06/2022
FCA CEO defends staff pay packages
He said: “Our people are our greatest resource and we believe we offer what is possibly the best package among UK regulators, with competitive pay and strong rewards for consistent performance and greater opportunity for career mobility.
05/06/2022
LuxSE and UN Women join forces to advance gender finance
LuxSE commits to fostering awareness of gender-focused bonds in Luxembourg and beyond
05/06/2022
Learning from the last 30 years to face the next
Speech by our Chief Executive, Nikhil Rathi, delivered at the Chartered Institute for Securities & Investment 30th anniversary dinner.
05/05/2022
Greenlight Credit Limited enters administration
This means customers can continue to make repayments as usual. However, the firm is no longer able to issue or broker any new loans.