11/23/2021
Esma recommends delay to buy-in rules
As the final EC legislative proposal for the review of CSDR, possibly including changes to the buy-in regime, is not expected before the end of this year
Legal, Regulation & Compliance
11/23/2021
What next for UK gender pay gap reporting?
Breaking down statistics into pay quartiles provides a more nuanced picture of an employer’s pay gap.
11/23/2021
CYPRUS: Latest amendments to Companies Law Cap.113
Section 361A is amended by reference to the Open-Ended Undertakings for Collective Investment Law and/or Alternative Investments Law.
11/23/2021
Walkers' Jersey and Ireland Teams Advise Eagle Street
Lawyers from Walkers' offices in Jersey and Ireland were involved in advising Eagle Street, with Walkers Professional Services (Ireland) providing corporate administration services.
11/23/2021
FSB Statement to Support Preparations for LIBOR Cessation
Active transition of legacy contracts remains the best way for market participants to have control and certainty over their existing arrangements.
11/23/2021
UK IFPR: treatment of credit risk items falling outside of the K-Factors
It is unclear how IFPR firms are meant to address this lacuna.
11/22/2021
Brussels to curb banks’ use of ‘cross-border’ permissions to access EU
Measure in new capital regulations would tighten patchwork of national arrangements and affect banks in London
11/22/2021
HMRC issues scam warning ahead of self assessment deadline
The self assessment deadline is January 31, 2022 and therefore people may expect to hear from HMRC around this time of year.
11/22/2021
Guernsey linked to thousands of UK property ownerships
THE legal ownership of thousands of properties in the UK has been linked to Guernsey by new research.
11/22/2021
EU Move Marks Threat for Swiss Banks
This cross-border crackdown is central to streamlining global banks within the EU, and hands more heft to regulators.
11/21/2021
Advance drafts of legislative package from MiFID II/MiFIR review: What are the key points?
The amendments to MiFIR and MiFID II are the output of the MiFID II review.
11/21/2021
HSF Financial Regulation Update
The FCA has 40 working days in which to examine the applications for registration.
11/21/2021
Standard Chartered facing court case
Standard was hit by a further £900million fine in April 2019 for breaching the sanctions after a US investigation found it had been dealing with Iranian, Cuban and Sudanese individuals and entities.
11/21/2021
FCA confirms recognition of the revised FX Global Code and the Global Precious Metals Code
The FCA expects firms and individuals to consider both the spirit and letter of code provisions to make sure they fully meet ‘proper standards of market conduct’.
11/19/2021
Liechtenstein Confirms Probe into Lebanon’s Central Bank Governor
Salame has repeatedly denied any wrongdoing and said he had demonstrated that his wealth had been acquired before he took up his central bank post in 1993.
11/19/2021
Financial Regulation: Daily Update
Both consultations aim to ensure consistent supervisory practices with regard to the review and evaluation of investment firms under the Investment Firms Directive (IFD).
11/19/2021
CII offers guidance on safely using social media
The guide also flags it isn’t just what you write or photos you post that could cause you problems with insurance and personal finance professionals being encouraged to fact and source check any content they wish to share.
11/19/2021
Mandatory reimbursements for bank transfer scam victims under new plans
Large banks could also be required to publish their performance data in relation to bank transfer scams.
11/18/2021
Financial Regulation: Daily Update
The FCA expects that any new rules resulting from CP21/30 would could come into force in April 2022.
11/18/2021
FCA proposes ban on debt packager referral fees to protect consumers
The FCA has seen evidence of debt packagers appearing to have manipulated customers’ details so that they meet the criteria for IVAs/PTDs, and used persuasive language to promote products without explaining the risks involved.