04/25/2022
Investec reiterates 'sell' recommendation for Schroder UK Public Private Trust
‘Wary of siren’s call’
Legal, Regulation & Compliance
04/25/2022
Financial Regulation: Daily Update
The asset retention measures will apply from 27 April 2022 until 31 January 2023.
04/25/2022
Regulatory Treatment of Fund and Cash Tokens
Regulating cash equivalent payment tokens is a bit of a different story.
04/24/2022
Financial Regulation: Daily Update
In terms of next steps, the FCA says it will continue to monitor firms' compliance with their anti-money laundering (AML) obligations; the regulator also sets out a number of actions for challenger banks.
04/24/2022
FCA review finds weaknesses in some challenger banks’ financial crime controls
Challenger banks aim to compete with traditional high street banks using smarter technology and more up-to-date IT systems.
04/22/2022
UK consumer law enforcement powers to be bolstered
The paper further details forthcoming changes to UK competition and merger control laws and follows a consultation on possible reform last year.
04/22/2022
Central Bank of Ireland makes changes to controlled function roles for financial firms
The CBI has also created another new standalone role, that of head of anti-money laundering and counter terrorist financing compliance (PCF-52). This is in addition to the existing role of head of compliance (PCF-15).
04/22/2022
Cyprus announces expansion of responsibilities of the Financial Sanctions Advisory Committee
The examination of requests in relation to the wrongful freezing of funds at credit institutions.
04/22/2022
Caviar and Diamonds Are Targeted in New U.K. Sanctions on Russia
That takes the total value of Russian goods affected to more than one billion pounds.
04/22/2022
AG opines DAC 6 reporting obligation could violate right to fair trial and privacy
The AG concluded that while the right to a fair trial is not violated, the right to privacy may be in certain specific circumstances.
04/22/2022
General Court decision in Gibraltar State aid case
The General Court partially annulled the State aid decision issued by the Commission, in so far as it relates to individual aid granted to the plaintiff, based on a tax ruling, for the period 2014 onwards.
04/22/2022
Establishing A Regulated Fintech Firm In Ireland
This includes project management, application submission and support, and regulatory advice.
04/22/2022
Registering and managing a trust – do the new rules apply to you?
The new regulations mean that most UK express trusts must now register unless specifically excluded.
04/21/2022
Competition authorities in Europe respond to Ukraine crisis
No formal exemptions from competition law have been introduced by the ECN
04/21/2022
Corrie Bauckham Batts Limited enters liquidation
Corrie Bauckham Batts Limited is an FCA authorised and regulated Lloyd’s wholesale insurance broker.
04/21/2022
Herbert Smith Freehills: Financial Regulation: Daily Update
The rules, set out in Handbook Instrument (FCA 2022/6), will apply to listed companies for financial accounting periods starting from 1 April 2022.
04/21/2022
Schroder UK Public Private wants to look global
Proposed changes to investment policy
04/21/2022
CMA given powers to crack down on fake reviews
The CMA has been given enhanced powers to tackle rip-offs and bad business practices.
04/21/2022
Two company directors punished for bounce back loan fraud
The bounce back loan scheme was created during the pandemic to support businesses during the period.
04/21/2022
Addleshaw Goddard: Financial Services & Banking News
Overall, the report finds that countries have made huge progress in improving technical compliance