02/17/2025
Nvayo Limited enters special administration
Nvayo is authorised by the FCA to issue electronic money (e-money) and provide payment services.
Legal, Regulation & Compliance
02/17/2025
Compliance costs Luxembourg banks over €500m annually: ABBL chair
The growth of Luxembourg’s private banking sector has been impressive, with assets under management rising to €628bn.
02/14/2025
Mishcon de Reya's Private Client lawyers ranked in ALM Private Client Directory 2025
The directory features the top 250 individuals chosen by their own peers within the private wealth industry.
02/14/2025
Joint EU-UK Financial Regulatory Forum
Both sides also noted the importance of continued cooperation in other areas, such as anti-money laundering and sanctions.
02/14/2025
FCA charges Hampshire-based independent financial adviser with multiple fraud offences
The firm provided financial advice on investments, insurance, and pensions, but was not authorised to hold or control client money.
02/13/2025
Macfarlanes advises Legal & General on £370m buy-in with the TUI Group UK Pension Trust
The Macfarlanes team was led by Insurance Partner Andrew Barton and Senior Counsel Madison Kaur.
02/13/2025
FCA can take crucial step to close advice gap with targeted support
The FCA’s retirement income market data also shows that more than 145,000 DC pension plans over £30,000 were withdrawn at likely unsustainable rates of 8% and above.
02/12/2025
FRC announces successful UK Stewardship Code signatories ahead of consultation closure
The FRC invites signatories to review the interim changes to reporting for Stewardship Code Signatories as they prepare for their next report under the current Code.
02/12/2025
The EBA amends its Guidelines on ICT and security risk management measures in the context of DORA application
DORA has introduced harmonised requirements on ICT risk management that apply to financial entities across the banking, securities/markets, insurance and pensions sectors.
02/12/2025
PS2/25 – Streamlining firm-specific capital communications
Policy statement 2/25
02/12/2025
Focus on anti-money laundering: tackling the issue of "money mules"
In particular, we set out what payment services firms should be focusing on to reduce the impact of money mules cross-industry.
02/11/2025
Shoosmiths advise ScaleUp Capital on major investment duo
It supports over 120 UK public sector clients, including NHS bodies, central government departments and local authorities.
02/10/2025
FCA steps up action against misleading financial adverts
The FCA continues to urge social media platforms to do more to proactively identify and prevent illegal financial promotions.
02/10/2025
Financial Market Infrastructure (FMI) regulation in a changing world: our priorities for 2025 − speech by Sasha Mills
Given at the Bank of England Chair/CEO/INEDs Roundtable for UK Financial Market Infrastructure firms (FMIs)
02/07/2025
Lords report concludes that naming and shaming is not the way to regulate
Respondents to the Committee’s Call for Evidence pointed to the lack of evidence provided by the FCA to justify the shift.
02/07/2025
The EBA issues an Opinion in response to the European Commission’s proposed amendments to the EBA draft technical standards on conflicts of interests for issuers of asset-referenced tokens
The EBA agrees with the substantive changes proposed by the EC, which favour proportionality, as well as with the other amendments which are considered non-substantives.
02/07/2025
Reaction as Bank of England cuts base rate to 4.5%
The uncertainty for the BoE has been exacerbated by potential impacts from last October’s Budget as well as unreliable labour market data from the ONS.
02/07/2025
FCA statement on Blackmore Bonds complaints
Investors asked the FCA to pay compensation and start a criminal investigation into Blackmore.
02/07/2025
HMRC late payment interest rates to be revised after Bank of England lowers base rate
HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.5%.
02/07/2025
Fos to charge CMCs to refer cases from April
The changes have been made because the Fos found representatives were responsible for around 47 per cent of cases between April and December 2024.