10/26/2022
Addleshaw Goddard: Financial Services & Banking News
This consultation sets out the core elements of the regime, initially focusing on UK-based funds and portfolio management.
Legal, Regulation & Compliance
10/26/2022
FCA proposes new rules to tackle greenwashing
There has been growth in the number of investment products marketed as ‘green’ or making wider sustainability claims.
10/26/2022
FCA launches discussion on competition impacts of Big Tech on financial services industry
This is vital when we consider the role of Big Tech firms in the provision of key technological infrastructure like cloud services.
10/25/2022
Insurance outsourcing arrangements in Luxembourg will require more attention
The CAA has developed a standardised notification form that insurers and reinsurers can fill in and submit to it, and its letter provides guidance on the type of information that the firms should include in their written notifications.
10/25/2022
Crédit Agricole Consumer Finance has signed an agreement with the French manufacturer
Hopium for the delivery of 10,000 hydrogen-powered vehicles, reinforcing its commitment to green mobility
10/25/2022
FCA proposes rules to stamp out greenwashing
The new rules include restrictions on how investment managers use terms such as “green”, “ESG” or “sustainable” for products.
10/25/2022
Ogier Leman assists Leap Legal Software Ireland in acquisition of eXpd8
The acquisition was a share purchase transaction.
10/24/2022
Millions of Britons struggling with bills, warns regulator
The FCA has responded quickly to cost of living pressures, in line with its 3-year strategy to prevent serious harm and set higher standards.
10/24/2022
FCA publishes Decision Notices for Barclays plc and Barclays Bank plc (together “Barclays”)
The Upper Tribunal will determine whether to uphold the FCA’s decisions against Barclays or not and whether there are any other actions that should be taken by the FCA.
10/24/2022
Tribunal orders HBOS to pay mortgage adviser £22k
Sometime into her employment, in 2016, she began suffering from post-traumatic stress disorder following a family bereavement.
10/24/2022
Mikro Kapital appoints EDB for paying agent services
EDB will provide Mikro Kapital with paying agent services in issuing further bonds.
10/24/2022
Santander call for 'radical plan of action' to put the brakes on APP fraud
Santander is calling for a radical plan of action.
10/24/2022
Firefighters receive £3,750 govt payout over pensions
Under the new scheme, firefighters would not be able to retire before reaching the age of 60.
10/21/2022
High Praise for Appleby in 2023 Edition of Chambers UK
The directory recognises 15 Appleby lawyers from the Group’s Guernsey, Isle of Man and Jersey offices.
10/21/2022
Nordea Asset Management seeking licence to open investment hub in Singapore
The €248bn ($243bn) Nordic money manager is in the final stages of applying for a fund management licence with MAS, hoping to open shop in 2023.
10/21/2022
FCA begins criminal proceedings against five individuals involved with Worthington Group plc
They are all alleged to have been involved in running the company.
10/21/2022
Energy efficiency: MAIF and the European Investment Fund backed by InvestEU join forces with the launch of the F2E Fund managed by Sienna Private Credit
It targets the support of projects in various fields such as energy performance, self-consumption, storage, or even low-carbon mobility.
10/21/2022
Withers recognized as a leading firm across 14 practice areas in latest Chambers and Partners UK guide
Our expertise and the service we provide to UK clients has, once again, been recognised in the latest set of rankings and reviews
10/21/2022
The UK’s register of overseas entities: what IPs and receivers need to know
Overseas entities with a “relevant interest” in UK land must register the identity of their beneficial owners on the ROE before 1 February 2023 and keep the register up to date.
10/21/2022
The National Security & Investment Act: sanctions and the implications for restructuring
Now the regime has been in operation for over six months, there are a number of lessons that have been learned, as well as some continuing questions as to its effect on restructuring.