02/03/2022
Financial Regulation: Daily Update
The purpose of the CfE is to understand the size, structure, resourcing, revenues and product offerings of the different ESG rating providers in the EU.
Legal, Regulation & Compliance
02/03/2022
Financial promotions data 2021
The data also means we can monitor developments in the market, to get insights into particular sectors we have concerns about and act to prevent consumers from harm.
02/02/2022
Proposals for the reform of the Financial Promotion Regime
The UK’s approach to the regulation of financial services recognises the importance of enabling financial services firms to promote their products and services
02/02/2022
Financial Regulation: Daily Update
The aim of the Bill is to ensure that retained EU law can be more easily amended or repealed, and to end the special status of EU law in the UK legal framework.
02/02/2022
Corporate & Professional Pensions in administration
The administrators are qualified insolvency practitioners.
02/02/2022
Big tech should reimburse victims of online scams - British lawmakers
But the report said there was no set timeline for these changes and other major online platforms have not followed suit.
02/02/2022
UK Supreme Court building management ruling ‘common sense’ decision
Lord Briggs said it was “both absurd and unworkable” for an RTM company from one block of flats to manage the facilities it shared with other blocks.
02/01/2022
Financial Regulation: Daily Update
The CMA does not consider it appropriate to take further formal enforcement action in relation to this breach, however it will monitor the bank’s future compliance closely.
02/01/2022
Consumer warning on Falcon Financial Solutions and Thestral Financial Services
Any investments with Falcon or Thestral may not be protected, and you could lose all your money if you invest with them.
02/01/2022
EBA launches AML database
EuReCA will contain information on material weaknesses in individual financial institutions in the EU that competent authorities have identified. C
02/01/2022
CMA takes Monzo to task over breach of Retail Banking Market Investigation Order
Banks and building societies are required to publish the MMC every time they publish any charges that could accrue to an account as a result of exceeding, or attempting to exceed, a pre-agreed credit limit.
02/01/2022
FCA removes firms' permissions over unauthorised investment concerns
The watchdog warned those invested in either firm are now at risk of losing all of their money.
02/01/2022
Jersey Resolution Authority goes live
The JRA will set the strategic direction of work on bank resolution, oversee the exercise of its legal duties and obligations, and help raise the international profile of Jersey among international counterparts.
02/01/2022
TBC and Proparco sign a USD 50 million loan agreement to support SMEs in Georgia
This transaction further reinforces partnership between Proparco and TBC Bank.
02/01/2022
Property Litigation Team in Supreme Court for Key Electronic Communications Appeals
This litigation is therefore significant for both landowners who host, or may be required to host, electronic communications apparatus on their land, as well as Operators themselves.
02/01/2022
MiFID - ESMA consults on opinion on the trading venue perimeter
ESMA also reiterates the position it stated in the Final Report that a system that “pre-arranges" transactions for execution on a trading venue is not itself multilateral, now taking the view that the pre-arranging firm acts as 'an extensi
02/01/2022
New standard contracts for transfers of personal data from the UK to be approved
Similarly, the IDTA requires data exporters to undertake a transfer risk assessment to consider the local laws, practices, and risks which might render the protections provided by the IDTA insufficient.
02/01/2022
Advisors Shouldn't Rush To Lower Fees, Janus Henderson Says
In addition to holding fees steady, advisors will need to embrace behavioral finance in order to serve clients well, Sommer said.
01/31/2022
ESAs welcome ESRB Recommendation to create a pan-European systemic cyber incident coordination framework
This will support an effective and coordinated response at EU-level in the event of a major cross-border cyber incident that could have a systemic impact on the Union’s financial sector.
01/31/2022
UK Immigration: new scale up visa launching spring 2022
The new Scale Up visa system aims to encourage innovation by streamlining the process for ‘Scale Up’ businesses to bring those who are “very highly skilled” and “academically elite” to the UK.