01/24/2022
Future UK IP rights exhaustion regime decision delayed
As a result, it has not been possible to make a decision based on the criteria originally intended.
Legal, Regulation & Compliance
01/24/2022
Fraudster duo jailed over £2.5m boiler room investment scam
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
FCA staff to vote on strike action following regulator refusal to negotiate
CEO Rathi dismissed concerns as ‘noise’
01/21/2022
UK imposes broad new rules and restrictions on promotions in the crypto industry
The government consulted on extending the financial promotions regime to the crypto industry in 2020.
01/21/2022
Cyprus: Overview of procedures and requirements for submission of beneficial ownership data
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
01/21/2022
Financial Services & Banking News
The cryptoasset promotion requirements will apply from the date qualifying cryptoassets are brought within the financial promotion regime.
01/21/2022
Financial Regulation: Daily Update
ESMA initiates supervisory action on valuation of UCITS and open-ended AIFS
01/21/2022
FCA review finds evidence of growing competition in retail banking
Greater competition in retail banking is driving choice and lower prices for consumers and small businesses, despite the financial impact of the pandemic.
01/21/2022
Standard Bank fined by Isle of Man regulator over serious regulatory failings
In this case, the Authority said it was assured that the failings were isolated in nature rather than being systemic across the business.
01/21/2022
Financial Services & Banking News
ESMA announces launch of CSA with NCAS on valuation of UCITS and open-ended AIFS
01/20/2022
Carey Olsen's Russell Clark named in 2022 eprivateclient 50 Most Influential
It is the third year in a row that Russell has been named on the list, and he remains the only Guernsey-based lawyer to be included.
01/20/2022
Financial Regulation: Daily Update
The FCA has published a new webpage on the borrowers in financial difficulty (BiFD) project.
01/20/2022
Three ways the FCA wants to tackle high risk investments
The FCA’s draft rules also proposed restrictions on the marketing of cryptoassets, in preparation for the government bringing the promotion of these high-risk investments under the regulator's remit.
01/20/2022
FCA to strengthen financial promotions rules to protect consumers
Under the proposed rules, the FCA would ensure firms that approve and communicate financial marketing have relevant expertise and understanding of the investments being offered
01/20/2022
FCA contacts advisers about BSPS advice
As part of our preparation we are undertaking further analysis of advice given to members of the BSPS between 29 March 2016 and 31 March 2018.
01/20/2022
Law Society renews partnership with Amiqus
The Law Society of Scotland has renewed its strategic partnership with Amiqus as the tech firm’s researchers develop “inheritance calculator”.
01/20/2022
EU Sustainable Finance Regulation
Navigating the sustainable landscape with Refinitiv
01/20/2022
Financial Services & Banking News
The FCA clarifies that firms can avoid these actions by voluntarily applying to cancel their TPR
01/19/2022
Economic substance in the post-pandemic era: the truth of the matter.
Above all, it is important that businesses understand the evolving economic climate.
01/19/2022
Tackling cyber fraud using both human and artificial intelligence
With this system, artificial intelligence helps combat payment fraud, for example, by making it easy for suspicious patterns of behaviour or unusual payments to be flagged to protect clients funds.