05/27/2022
Financial Services & Banking News
The FCA has also published the Grid in the form of an interactive dashboard and an Excel spreadsheet to help users interact with the underlying data.
Legal, Regulation & Compliance
05/27/2022
FCA planning reform of the listing regime to boost growth and competitiveness
The rules for companies who want to list here have not changed since the 1980s.
05/27/2022
Central Bank of Ireland clarifies sustainability disclosure expectations
In response to queries over the regime, the CBI outlined its expectations for in-scope funds that intend to make taxonomy-aligned investments – or where taxonomy alignment forms part of its investment strategy.
05/27/2022
Ireland confirms ‘side pockets’ will be permitted for Russian-impacted funds
The UCITS must obtain investor approval before initiating the transfer, and must provide them with a clear description of the costs and fees associated with setting up the side pocket and any ongoing costs and fees.
05/27/2022
New corporate responsibility rules for EU companies
The Directive will be enforced through administrative supervision and civil liability.
05/26/2022
EU Commission proposes rules on freezing and confiscating assets of oligarchs violating restrictive measures and of criminals
They are helped by the existing legal loopholes, as the rules on breaches of EU restrictive measures vary across Member States.
05/26/2022
New disclosure rules for non-UK owners of UK land
The UK Government has stated that Companies House will work to implement the Register as quickly as possible.
05/26/2022
Addleshaw Goddard: Financial Services & Banking News
The BoE will engage with firms individually and collectively to help target efforts, and also share best practice.
05/26/2022
Swiss regulator urges pension funds to check asset manager licenses
The FinIA and the Federal Act on Financial Services (FinSA) came into force in 2020, transferring the responsibility to grant approval to managers of pension assets to FINMA.
05/26/2022
Central Bank Updates Fund Authorisation and Fund Service Provider Information
These updates to the Central Bank’s website are being made as part of a wider review of the Central Bank’s current authorisation processes for UCITS/RIAIFs and QIAIFs which is currently underway.
05/26/2022
FCA proposes single segment regime for listed companies
Seeks feedback
05/26/2022
FCA looks to attract growth firms with listing reforms
The new proposals would mean companies need to meet one set of criteria, and could then opt-in to a further set of obligations.
05/25/2022
Addleshaw Goddard: Financial Services & Banking News
In order to give firms time to adjust to the updated framework, the FPC has decided that the changes set out in this paper will only take effect after the PRA’s December 2022 review of O-SII buffer rates.
05/25/2022
European Union: Directors' Considerations Amidst Geopolitical Unrest
Company directors all over the world are once more called upon to navigate through extremely turbulent times
05/25/2022
EU lawmakers move to block green investment label for gas and nuclear
The Commission proposal was arrived at after nearly two years of internal EU wrangling
05/25/2022
New UK legislation affects overseas companies holding UK property
A further Economic Crime and Corporate Transparency Bill, which will provide for wider reform of the UK's Companies House, is expected to be introduced in due course.
05/25/2022
What will operational resilience look like going forward? An overview of the supervisory regulatory position − speech by Duncan Mackinnon
Given at the City & Financial 9th Annual Operational Resilience for Financial Institutions Summit
05/25/2022
Regulatory Initiatives Grid
The Grid provides detail on the timing of initiatives over a 24-month horizon and highlights key examples of closely interconnected initiatives to help stakeholders easily identify these.
05/25/2022
Climate-related disclosures for asset managers by the FCA
What rules govern ESG investment? How do the regulations impact asset managers?
05/25/2022
Giambrone & Partners has successfully obtained a judgment from the High Court in London amounting to £496,019
Giambrone & Partners easily demonstrated that our client was not a professional trader. Dualix maintained the position of defending our client’s claim.