04/27/2022
FSCS declares two BSPS advice firms in default
The FSCS also declared West-Yorkshire based firm Keywood Olley & Associates, trading as North East Mortgages and EMH Financial Planning, in default on April 5.
Legal, Regulation & Compliance
04/27/2022
Jersey court jails three money launderers for total of 10 years
They were arrested on Thursday 28 October 2021 by officers from the States of Jersey Police Joint Financial Crime Unit along with assistance from the Jersey Customs and Immigration Service.
04/27/2022
EBRD enhances trade finance for Ukraine
These measures are part of €1 billion of activity that the EBRD intends to undertake this year in Ukraine, in cooperation with donors and other partners.
04/26/2022
FCA announces asset retention rules for British Steel advice firms
'We will act swiftly if the rules aren’t being followed.'
04/26/2022
Two Russian Oligarchs Die in Mysterious Circumstances 24 Hours Apart
The scene suggested the women had been stabbed, before Protosenya hanged himself in the garden.
04/26/2022
Generali Faces New Test As Bitter Battle For Control Nears Climax
The investment bank that has long been a powerbroker in Italy and is Generali’s largest investor
04/26/2022
Final FCA rules on mandatory D&I reporting of UK listed company boards and executive management
The new requirements largely reflect the proposals originally made by the FCA in July 2021
04/26/2022
EDPB issues statement on EU-US new international data transfer arrangements for an ‘enhanced’ Privacy Shield framework
The EDPB looks forward to assessing carefully the improvements that the new EU-US agreement may bring in light of EU law, the case law of the CJEU case law and the previous recommendations the EDPB has made.
04/26/2022
Proposals to simplify the Company's dual share class structure through enfranchisement
Under the enfranchisement, each Non-voting Share will be converted into one Ordinary Share and all such re-designated shares will have the same rights as the existing Ordinary Shares, including full voting rights.
04/26/2022
French Police Conduct Greensill Related Raid
French criminal investigators raided the Paris offices of GFG Alliance Group, along with metalworks formerly belonging to the company.
04/26/2022
Bufferati - speech by Sam Woods
Sam Woods looks at the rules that are in place to make sure banks have enough capital put aside to withstand economic shocks. He sets out a radical, alternative approach that he argues would be much simpler.
04/25/2022
CASS Compliance: The importance of good governance
The FCA frequently discuss these two dimensions in public enforcements cases they issue.
04/25/2022
European police take down $22m crypto investment fraud across 71 countries
The criminal justice agency further said that authorities in Finland, France, Germany, Latvia, the Netherlands and Ukraine conducted the operation and seized 50 servers.
04/25/2022
EU agrees new rules to tackle the spread of illegal content online
Under the new rules, intermediary services, namely online platforms - such as social media and marketplaces - will have to take measures to protect their users from illegal content, goods and services.
04/25/2022
Just 15% of required 1m Trusts registered with HMRC as deadline fast approaches
A penalty regime for late submissions is still being finalised but initial proposals have suggested those trustees who fail to register could face penalties of up to 5% of any tax liability or £300, whichever is greater.
04/25/2022
Carey Olsen is Chambers' offshore law firm of the year
This recognition is a clear indication of the strength of our global teams and reflects the firm's dedication to consistently delivering excellence for our clients and the calibre of our lawyers.
04/25/2022
IFA network advocates firm ‘independence’ amid M&A climate
Independence is key to ensuring IFAs have a client-centric approach which is more important than ever considering emerging consumer expectations.
04/25/2022
Trustees jailed for ten years over £13.7m pension scam
Dalton acted as trustee of the four other schemes in the scam into which 103 victims, including Dalton's brother, transferred a total of £5.9m in workplace savings.
04/25/2022
FCA uses powers to stop BSPS advice firms disposing of assets
“We will act swiftly if the rules aren’t being followed.”
04/25/2022
Aviva's Waygood: Financial system must start to pressure governments on climate change
Speaking at City Week 2022