10/19/2021
Financial Regulation : Daily Update
The letters also direct customers to the FCA’s DB pension transfer advice checker to help them decide whether the advice they received was suitable or not.
Legal, Regulation & Compliance
10/19/2021
Financial Services & Banking News
The report constitutes a collective baseline review, by capturing progress made up to March 2021.
10/19/2021
Dutch regulatory authorities strengthen cooperation over regulation of digital activities
Martijn Snoep, chairman of the board of ACM added that a coherent and coordinated approach was needed to respond effectively to the rapid pace of new developments in the digital landscape.
10/19/2021
European Supervisory Authorities publish sectoral reports on the supervisory independence of competent authorities
The three reports take stock of the factual situation on CAs’ independence along key angles, namely, operational, financial and personal independence as well as accountability and transparency.
10/19/2021
Crypto Fraud Costs More Than $200 Million This Year, U.K. Police Say
In particular, EIOPA welcomes the two mandates proposed by the European Commission regarding sustainability risks.
10/19/2021
UK Outlines Beneficial Tax Treatment For Asset Holding Companies
The enhancements to the UK fiscal framework will aim to capitalise on the UK's strengths
10/19/2021
Financial Regulation : Daily Update
The BoE intends to publish the findings of the 2021-22 SST exercise in the summer of 2022.
10/18/2021
What to consider when implementing a vaccination policy in your organisation
UK employers are not alone in this conundrum of how to approach vaccinations, and testing, in their workforces.
10/18/2021
‘Flexible’ Guernsey framework enables an island first
It successfully raised £125 million in an over-subscribed private placement of shares and warrants for the purpose of completing a business combination with a financial services business that is headquartered or has principal operations in Western a
10/18/2021
Uncertainty around Transfer of Assets Abroad regime increases following latest Fisher case judgment
The judgment has important implications for anybody advising on the Transfer of Assets Abroad regime
10/18/2021
Munich Re anticipates hardening in Europe
According to the business, natural catastrophe risks, COVID-19, and increasing cyber attacks are seeing the role of reinsurance increasingly “transcending risk transfer”.
10/18/2021
'Enough is enough': AIC attacks FCA's Priips proposals
The Association of Investment Companies has called the Financial Conduct Authority's proposed Priips reforms an “inadequate effort” and warned of the ongoing risks to vulnerable customers.
10/18/2021
Veteran baby boomer adviser calls for profound fund industry rethink of 'total return'
There is no correlation between equity market risk to capital and stability of dividends. We need to stop just communicating total return payments and show Joe Public what the income will look like.
10/18/2021
Klarna overhauls UK ‘buy now, pay later’ service ahead of crackdown
Regulatory changes include new wording to clarify the group is offering credit and a ‘pay now’ option
10/17/2021
FCA: Financial promotions quarterly data
This data includes statistics about how we review and act on certain non-compliant financial promotions.
10/17/2021
Adviser fined £116k by FCA for 'reckless and unsuitable' pension advice
The FCA found that Mr Hussein advised customers to switch their existing pensions when this was often unnecessary and not in their best interest.
10/17/2021
Financial Regulation : Daily Update
The changes affect financial counterparties and non-financial counterparties that are, or may become, subject to the DTO.
10/15/2021
Financial Service & Banking News
The market for cryptoassets is fast growing and consequently financial stability risks could grow further.
10/15/2021
European court rules companies cannot sue EU states over environmental laws
The case provides EU member states who wish to implement climate conscious policies a degree of security to continue those initiatives without the fear of arbitration from investors
10/15/2021
UK SFTR news
Read our news updates on the UK Securities Financing Transactions Regulation (UK SFTR).