01/26/2022
Carey Olsen tops legal adviser rankings in record year for Guernsey funds
The considerable dominance of Carey Olsen is a credit to our team's expertise and experience and reflects the significant commitment from our clients to domicile their funds in Guernsey.
01/26/2022
FCA’s approach to compromises for regulated firms
The proposed guidance is aimed at firms solely regulated by the FCA including those that are part of a dual regulated group, and firms that are dual regulated by the FCA and PRA from the perspective of conduct regulation.
01/26/2022
FCA publishes guidance consultation for firms who seek to limit their liabilities
The guidance we are consulting on should help firms understand our expectations and ultimately help firms to avoid proposing compromises that are unacceptable to us because they fail to provide the best possible outcome for consumers.'
01/26/2022
Financial Regulation: Daily Update
The FCA notes that it is seeing an increase in the number of compromises to deal with significant liabilities to consumers, in particular redress liabilities.
01/26/2022
Financial Services & Banking News
The technical standards aim to ensure that stakeholders are well-informed about institutions’ ESG exposures, risks, and strategies and can make informed decisions and exercise market discipline.
01/26/2022
UK banks push back over fraud worries in Covid loans
Executives fear being scapegoated after Lord Agnew criticised government officials’ ‘schoolboy errors’ in the scheme
01/26/2022
Financial regulatory family strengthen Wider Implications Framework
It builds on existing collaboration already in place and will give greater transparency for wider stakeholders.
01/26/2022
Changes To Luxembourg Reporting Requirements
The report must be submitted to the CSSF annually through the online e-Desk platform within six months of the financial year-end of the supervised entity.
01/25/2022
This change was part of our consultation. We'll still be introducing that fee and will update you on our plans in due course.
01/25/2022
In case the draft CDA criteria are adopted, the Platform has formulated specific recommendations on the disclosure obligations for corporations and financial products.
01/25/2022
The notification needs to be made “immediately” on the relevant investment firm becoming aware of the notifiable change.
01/25/2022
When the accountholders provide their information to a financial institution, they expect that the institution will use their information to comply with the law.
01/25/2022
To the extent that they are registered with the Department of Companies and Intellectual Property
01/24/2022
Austria and Luxembourg say they will pursue lawsuit over so-called green ‘taxonomy’ rules
01/24/2022
The EU Commission also said that in the future H2Global should help to meet the expected hydrogen demand not only of Germany but also of the EU, since the EU Commission expects demand to increase significantly.
01/24/2022
As a result, it has not been possible to make a decision based on the criteria originally intended.
01/24/2022
The defendants were part of an organised criminal group which has been sentenced after a series of four separate trials, involving two separate frauds.
01/24/2022
CEO Rathi dismissed concerns as ‘noise’
01/21/2022
The government consulted on extending the financial promotions regime to the crypto industry in 2020.
01/21/2022
In accordance with the law, a beneficial owner is defined as any natural person(s) who ultimately owns or controls the "obliged entity" and/or the natural person(s) on whose behalf a transaction or activity is being conducted and includes at lea