12/02/2021
Consumer warning on Grosvenor Associates Ltd
Customers are also advised when considering an investment to check both that they are dealing with a firm that is authorised and that the firm holds investment permissions.
Legal, Regulation & Compliance
12/02/2021
Financial Service & Banking News
The FCA is proposing to increase the minimum fee from £1,151 to £2,200 as a reflection of the costs associated with the authorisation and supervision of 51,000 firms throughout the UK.
12/02/2021
No excuse for SFDR Article 9 passives to invest in high polluters, Danish regulator warns
The Danish FSA has drawn its line in the sand on SFDR Article 9 ahead of the implementation of phase two
12/02/2021
EU Commission fines UBS, Barclays, RBS, HSBC and Credit Suisse
The Commission has adopted today a decision imposing a total fine of € 261 million
12/02/2021
Carey Olsen advises RBS International on Triton's €1.455bn ESG-linked financing facility
The facility structure is intended to be replicated across future Triton funds, providing a common set of strategic targets that will catalyse the delivery of Triton's overall sustainability goals and objectives.
12/02/2021
Tracking Hackers: Court Considers Crypto Fraud
In addition to seeking the injunctions against the fraudsters, the claimants applied for disclosure orders, under the Bankers Trust and Norwich Pharmacal principles, against the Binance entities to discover the identity of the fraudsters.
12/02/2021
UK Financial Conduct Authority Confirms New Listing Rules To Boost Growth And Innovation On UK Stock Markets
The FCA has today confirmed a series of rule changes to ensure that the UK’s public markets remain a trusted and attractive place to list successful companies, providing opportunities for companies to grow from which investors will benefit.
12/02/2021
Mayer Brown advised LBO France on the acquisition of a majority stake in ID Market and Sourcidys
ID Market and Sourcidys are leading BtoB and BtoC distributors of home & garden products in France.
12/01/2021
Offshore SPACs Listing on the London Stock Exchange
The Hambro Perks SPAC is a Guernsey company. Companies formed in Guernsey, Jersey, the Cayman Islands, the BVI and Bermuda (“Offshore”) all have similar benefits making them attractive as SPACs for listing on the LSE, which are summarised in t
12/01/2021
Financial Regulation: Daily Update
Under the new proposals the minimum fee would increase from £1,151 to £2,200. In addition, the FCA is proposing changes to the calculation of consumer credit firm fees to bring them more into line with other firm fees.
12/01/2021
Launch of Digital Regulation Cooperation Forum technology horizon scanning programme
the ICO’s Regulatory Sandbox, Innovation Hub and wider technology programme
12/01/2021
Important update for owners of French property: changes to succession law in France
This may have involved making an election in your Will to have the law of your nationality apply to your estate.
12/01/2021
Eversheds Sutherland launches SQE Academy
A new route to legal qualification
12/01/2021
Carey Olsen advises on first London SPAC under new listing rules
The proceeds will be used to acquire a controlling stake in a business operating in the technology-enabled sector in the UK, EEA or Switzerland.
11/30/2021
EC agreed position on MiCA and DORA and EC/EP reached political agreement on DLT Pilot Scheme on 24 November 2021
The European Central Bank published its opinion on MiCA in February 2021.
11/30/2021
Financial Service & Banking News
This includes changes to the FCA Handbook
11/30/2021
Financial Regulation: Daily Update
The new rules aim to protect consumers against excessive charges by introducing a fee cap.
11/30/2021
FCA: Mortgage Prisoner Review
The FCA’s Mortgage Prisoner Review has been laid before Parliament.
11/30/2021
FCA set to nearly double minimum fee to £2,200
The fee increase would better reflect the costs associated with the authorisation and supervision of 51,000 firms throughout the UK.
11/30/2021
Deferral of the SFDR RTS – No time for a break for financial market participants
Accordingly, the EU Commission has announced yesterday that it will defer the application of the SFDR RTS to 1 January 2023.