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.
Legal, Regulation & Compliance
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.
11/30/2021
European Commission publishes proposed amendments to the Alternative Investment Fund Managers Directive
The Commission acknowledges that the AIFMD has generally worked well in terms of introducing a harmonized, supervisory framework for alternative investment fund managers.
11/29/2021
EU parliament prepares for vote on Digital Markets Act
The DMA, drafted by the European Commission in December 2020, faced lengthy delays while MEPs on the Committee on the Internal Market and Consumer Protection (IMCO) scrutinised its wording.
11/29/2021
Linklaters advises the underwriters on the ABB of VGP
This transaction was a follow-up of VGP’s private placements of new and existing shares in April and September 2020, where the Linklaters team also acted as Underwriters’ Counsel.
11/29/2021
Government announces child trust fund changes
But if the account holder is not classed as legally able to manage their money they or their parents have been struggling to access the funds.
11/29/2021
Judgment handed down by High Court in first UK mid-market restructuring plan
Amicus Finance case establishes balance between realistic scrutiny of plans and fair outcome for creditors.
11/29/2021
Ireland tightens regulation of data centre grid connections
“Locating away from areas of high demand and constrained supply will undoubtedly be important for continued data centre growth in Ireland.
11/28/2021
Director duo banned for £800k ‘ethical water’ investment scam
A further £200,000 had been withdrawn from the company account over a two-year period, from 2018 and 2020, in cash.
11/28/2021
FCA reforms decision-making to tackle consumer harm
The FCA has reformed its decision-making process to ensure it can make faster and more effective decisions for consumers, markets and firms.
11/28/2021
It is not just the super-rich who hide assets in divorce proceedings
The problem of hidden assets means the use of private investigators is now the norm in splits where one or both parties are very wealthy.
11/28/2021
European Commission’s Proposals for reform of AIFMD, UCITS Directive and the ELTIF regime
Welcome changes or regulatory creep?
11/28/2021
HSF Financial Regulation: Daily Update
The Regulation relates to the reporting of credit and market risk information by relevant institutions.
11/26/2021
HSF Financial Regulatory: Daily Update
The proposals aim to enhance outcomes for consumers
11/26/2021
FCA removes IFA's permissions over concerns of unregulated advice
The Firm has the right to make written and oral representations to the Authority
11/26/2021
Convicted LIBOR rigger to learn appeal decision within weeks
The CCRC, which investigates suspected miscarriages of justice, confirmed that a decision on the case could be issued within three weeks.
11/26/2021
Leaked emails reveal how Macquarie Bank became entangled in an $80 billion scandal
A memo submitted ahead of the board meeting noted: "The risk of reputational damage remains should the German authorities take action against the funds."
11/26/2021
European Commission seeks greater retail participation in update to ELTIF regulation
AIFMD proposals would alter UCITS directive
11/26/2021
Regional wealth firm agrees to stop taking client cash on staff exits
The Liverpool-based investment manager is restricted from taking on new clients while it rebuilds its client assets team.
11/26/2021
European Commission publish proposals on establishing a European single access point
The ESAP is intended to provide an easy centralised point of access to information about financial services, capital markets and sustainability, that entities and competent authorities are required to make public.