03/29/2022
Daily Legal Update
The analysis did not find any current major deficiencies in the functioning of the EU carbon market based on the data available.
Legal, Regulation & Compliance
03/28/2022
Court of Appeal upholds appeal in Our Price Records case
The FCA successfully took action against four individuals, including Ms Ferreira, obtaining restitution orders against them.
03/28/2022
UK authorities team up to remind regulated firms about crypto standards
As the markets grow, the FPC expects that enhanced regulatory frameworks will be needed, both at a global and domestic level.
03/28/2022
S&C’s Paris Office Advises The Banking Syndicate to Electricité de France on €3.1 Billion Capital Increase
The French State, which holds approximately 84 percent of EDF's share capital, has committed €2.7 billion to subscribe to the capital increase.
03/28/2022
ESAs issue updated supervisory statement on the application of the Sustainable Finance Disclosure Regulation
The supervisory statement aims to promote an effective and consistent application and national supervision of the SFDR, thus creating a level playing field and protecting investors.
03/28/2022
Ogier in Guernsey advises Downing
The Ogier team, working with lead English counsel Hill Dickinson, was led by partner Bryon Rees
03/28/2022
Banks stuck in legal tangle over Russian corporate bond payments
Plumbing that connects borrowers and investors jams up as lawyers scrutinise payment risks
03/28/2022
New UBO Register established in Lithuania
Currently only UBOs (natural persons) can be registered in the initial stage
03/28/2022
High-End Swiss Watches Confiscated in Russia
It is hard to think of something more symbolic of Switzerland than watches.
03/28/2022
Senior manager misconduct investigations halve in 2021
Only two penalties since 2016
03/25/2022
Europe agrees new law to curb Big Tech dominance
"The agreement ushers in a new era of tech regulation worldwide," said German MEP Andreas Schwab, who led the negotiations for the European Parliament.
03/25/2022
Central bank digital currency platform shows progress in fintech
The prototypes of a shared platform for central bank digital currencies highlight the progress in distributed ledger technology.
03/25/2022
Clifford Chance advises HSBC and Standard Chartered Bank
The Clifford Chance team was required to advise across English, Singapore, EU and US federal securities laws aspects of the transaction.
03/25/2022
Foreign Secretary announces 65 new Russian sanctions to cut off vital industries fuelling Putin’s war machine
New sanctions target strategic industries, banks and business elites.
03/25/2022
Core role of Irish regulator in EU data protection cases highlighted
The purpose of the mechanism is to allow businesses to deal with just one data protection authority (DPA) in relation to their EU operations, as opposed to DPAs across all EU member states.
03/25/2022
Tory minister names and shames two more City law firms that worked for Russian oligarchs
Cleverly’s comments come after Foreign Secretary Liz Truss said the government’s efforts to sanction oligarchs had been hindered by legal threats.
03/25/2022
Deutsche Bank stops accepting rich Russian expatriates as clients
Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict.
03/24/2022
Bank to pay damages after ‘inaccurate’ client data sent to US
His personal information was shared to comply with Fatca, despite him not being American
03/24/2022
MALTA: Submitting reports via goAML in line with regulation 15(4) of the PMLFTR
SPs were therefore requested to report a TRN for every pending transaction in addition to the STR/SAR.
03/24/2022
FATF Publication on ML/FT risks arising from Migrant Smuggling & FATF Public Statement on the situation in Ukraine
The FIAU strongly encourages subject persons to consult this publication which is accessible on the FIAU website.