09/27/2021
Financial Regulation: Daily Update
The roadmap sets out four recommendations, underpinned by 13 specific actions, to support defined contribution pension schemes with investing and to develop the long-term asset fund structure.
Legal, Regulation & Compliance
09/26/2021
FCA prohibits IFA and mortgage adviser for fitness and propriety failings
Mr George further demonstrated a lack of honesty and integrity when he concealed this from the FCA, providing them with information which he knew to be false during a compelled interview.
09/26/2021
Russian Cabinet presents draft law on LIBOR replacement to parliament
A similar replacement is stipulated in respect of the key rate of the Bank of Russia
09/24/2021
Esma fines UnaVista €238,500 for trade reporting failures
The breaches relate to failures in ensuring the integrity of data and providing direct and immediate access to regulators.
09/24/2021
EBA sees rapid growth in the use of digital platforms in the EU’s banking and payments sector and identifies steps to enhance the monitoring of market developments
The EBA observes a rapid growth in the use of digital platforms to ‘bridge’ customers and financial institutions.
09/24/2021
Avacade directors banned after pocketing £1.4m ahead of insolvency
Investigators discovered that between August 2014 and May 2015, Avacade collected commissions worth more than £1.6m.
09/24/2021
Long-established Scots law firms unveil merger deal
All offices will be retained and there will be no redundancies arising from the deal.
09/24/2021
End of an Era for UBS Legal Veteran
French government prosecutors are seeking a fine of at least 2 billion euros and 1 billion euros in damages and interest.
09/24/2021
Latham & Watkins Advises on Argo Blockchain Plc IPO
Firm represents the underwriters in the offering by the sustainable blockchain infrastructure and cryptocurrency mining company.
09/24/2021
Dramatic rise in fraud and scam complaints
Financial Ombudsman Service warns of fraud danger as it continues to help high numbers of customers.
09/24/2021
Latest CJEU, EFTA and ECHR
CJEU decision on the Belgian excess profit ruling system
09/23/2021
Ex-rugby star turned private banker accused of stealing €578,000
He was released on bail of his own bond of €10,000 and agreed to surrender his passport
09/23/2021
Central Bank of Ireland Review Identifies Market Abuse Deficiencies
In July 2021, the CBI issued a Dear CEO Letter (the "Letter") setting out its findings and expectations arising from the review.
09/23/2021
Stricter rules on pay for UK asset managers – are you ready?
The new code’s requirements will have a material impact on all firms from 1 January 2022.
09/23/2021
Ten years on: Impact of GFC is still being felt in asset management industry
Fewer firms than in 2010
09/23/2021
Financial Crime Focus
The proposal sets the threshold for cryptoasset transfers at GBP 1,000 so it will therefore be necessary for firms to calculate the value in GBP of, for example, a transfer of Bitcoin or Ethereum.
09/23/2021
Financial Regulation: Daily Update
HM Treasury has laid a report in Parliament on the exercise by the BoE and PRA of sub-delegated powers under the European Union (Withdrawal) Act 2018.
09/22/2021
Guidance for approval of senior pay
How senior pay and reward packages are approved.
09/22/2021
Giovannelli e Associati with Objectway on the cross-border acquisition of Die Software
Our team, composed by partners Matteo Delucchi and Eugenio Romita, senior associate Antonello Lops and associate Lorenzo Mazzocconi, advised the purchaser on the SPA, the SHA, the related Italian corporate matters as well as on the tax structuring of the
09/22/2021
IA publishes Guidance on FCA’s Guiding Principles on ESG and Sustainable Investment Funds
The purpose of the IA’s guidance is to help members implement the Guiding Principles and ensure more consistent customer communications.