05/23/2022
Linklaters advises Staples UK on further de-risking of its pensions scheme
The scheme trustee will now work with L&G towards a buyout within set timeframes.
Legal, Regulation & Compliance
05/23/2022
Court of Appeal: transfer of assets abroad tax rules should be ‘kept in reserve’
The comments, in a recent judgment, will be welcomed by taxpayers, said tax expert Josie Hills of Pinsent Masons.
05/20/2022
Charitable trusts environmental investment ruling could have wider repercussions
The charity trustees had recognised that implementing their proposed Paris-aligned investment strategy would cause a financial detriment to the charities in the short term, with the risk beyond that unclear.
05/20/2022
Chancellor Rishi Sunak speech at CBI Annual Dinner
The speech by Chancellor Rishi Sunak, as delivered at the CBI annual dinner on the 18th May.
05/20/2022
An EU retail passport for alternative funds?
It is possible that AIFMD negotiations will conclude before the end of 2022.
05/20/2022
Central clearing: three lessons and a path forward − speech by Christina Segal-Knowles
Given at the European Association of CCP Clearing Houses (EACH), Brussels
05/20/2022
NIS2 moves closer as deal reached on cyber laws
The draft NIS2 included ‘size-cap’ rules that envisaged medium and large entities in the relevant sectors falling automatically within its scope.
05/20/2022
ECB Pressuring Post-Brexit «Empty Shell» Banks
The large migration of bankers and staff that was expected following Brexit didn't materialize, with estimates that around 7,000 people have left, according to the «FT».
05/19/2022
Woodbrook Group gives up Cyprus licence
Company has been dissolved since October 2021
05/19/2022
The issue with providing ‘reverse solicitation’ to EU clients
Regulators across the bloc have started to scrutinise the practice by UK advisers
05/19/2022
Rainbow Saver Anglia Credit Union Limited enters administration
All customers should remain alert to the possibility of fraud.
05/19/2022
FCA to gain new powers to protect UK communities’ access to cash
‘Reasonable’ distance to be laid down on how far to go for bank and building society services
05/19/2022
PwC’s Global Economic Crime and Fraud Survey 2022
Protecting the perimeter: The rise of external fraud
05/19/2022
FCA urges BSPS members to act quickly and complain
The FCA said to call, write to or email the firm and if the individual is not satisfied with the response, it can complain to the Financial Ombudsman Service.
05/18/2022
Real estate in an era of inflation
In a climate of rising inflation, real estate investments can offer attractive returns.
05/18/2022
A 450-Year British School is Dropping Its Brand in China
The latest change is part of broader tightening by Chinese authorities in the education sector.
05/18/2022
EU Considers Blacklisting UAE After ‘Dubai Uncovered’ Leaks
“It is clear that the United Arab Emirates facilitates money laundering at a grand scale. This is highly damaging to the EU and cannot be tolerated.”
05/18/2022
Privy Council decides that banks owe no Quincecare duty to a beneficial owner of monies in an account
It therefore rejected what would have represented a significant extension of the duty which would have required banks to monitor transactions for fraud not only with their customers in mind, but also any beneficial owners.
05/18/2022
Accounting rules prevail following HMRC loss in the Supreme Court
The respondent companies claimed a subsequent deduction from their profits for the purposes of their corporation tax liability.
05/18/2022
ESG Investing – High Court provides welcomed clarity for charity trustees in Butler-Sloss
They wished to exclude investments that are not aligned with the agreement, even if the financial returns may not be maximised as a result.