08/16/2021
Financial Regulation: Daily Update
ASIC cancels or suspends 24 Australian credit licences for failing to join AFCA
Legal, Regulation & Compliance
08/16/2021
New hit for Monzo over money-laundering inquiry
OakNorth withdraws saving products
08/16/2021
TISE makes Listing Rule changes to target SPACs
TISE initially introduced rules for listing SPACs in 2015 and it has recently revised them to align with developing market trends in both the US and Europe and notably, where there may be an institutional investor base.
08/16/2021
Prince Andrew's banker friend is named in 'plot to financially ruin oil-rich Qatar'
Qatar has accused Mr Rowland, 76, of launching a cover-up over his alleged role
08/16/2021
Legal implications of remote work arrangements: perspectives from the U.S., UK, and France
Failure to comply with the employer’s requirements may expose the employees to sanctions.
08/16/2021
Judge rules Credit Suisse banker was unfairly sacked over rogue trade
The tribunal also concluded that Volkova acted “dishonestly and without integrity, deliberately misleading her colleagues and disobeying reasonable instructions.”
08/16/2021
Financial Regulation: Daily Update
The RTS set out a list of mandatory components that must be present in the contractual recognition terms of a relevant financial contract.
08/15/2021
Dealing with GDPR: The retail sector’s Covid-19 by-product
This article only looks at privacy which is the legal obligation for businesses to manage customer data – the GDPR sets out the principles. Under the GDPR, retailers are accountable to their consumers and to the UK’s regulator the Information
08/13/2021
Changing formation - UEFA re-writes the Rulebook for the Club Financial Control Body
In the 2021 version of the Procedural Rules governing the CFCB (2021 Rules), UEFA has sought to address these issues.
08/13/2021
German Supreme Court 'strengthens business model of claims management companies'
Instead, the collection service provider would receive 35% of the net proceeds from the claims in the event of success.
08/13/2021
In the land where cash is king, new restrictions will bite hard
Are you planning on selling your boat? If it is priced at €10,000 or more you’d better be aware that it is illegal to receive payment in cash
08/13/2021
Ireland Update: Remote and Flexible Working is Here to Stay
The Health & Safety Authority ("HSA") previously published guidance on remote working, however this was primarily focused on the practicalities of short term homeworking necessitated by the Government restrictions imposed due to COVID-19.
08/13/2021
FCA receives 2,754 whistleblower allegations of misconduct
The report revealed there were 184 individuals and firms under investigation for carrying out unauthorised business, and £189.8m in financial penalties had been handed out over the same period, alongside a number of prosecutions alleging insider dea
08/13/2021
EX-Allianz employee who fled halfway across the world gets fraud sentence
He was arrested by the City of London Police's Insurance Fraud Enforcement Department (IFED), after his employer noticed issues with the claims he was handling.
08/13/2021
Cyprus requires beneficial ownership details for partnerships
The process for partnerships will be similar to that of the submission of beneficial owners details for companies.
08/13/2021
Ashurst advises The Berkeley Group on green bond issuance
The funding will support the regeneration of 29 sites, including disused gasworks and industrial estates, to transform them into spaces with a mix of homes and community amenities to better support and add value to the communities around them.
08/13/2021
Financial crime and regulatory scrutiny to grow across the industry
Even though asset managers and wealth managers operate in a relatively lower risk sector of the financial industry, they must still be aware of financial crime risks.
08/13/2021
Global enforcement outlook
Many jurisdictions have increased the legislative and investigative tools available to their enforcement agencies in recent years.
08/13/2021
Ashurst advises HANNOVER Finanz
The reasons for investment are mainly to finance growth and corporate succession in sound medium sized businesses with annual sales of at least 20 million euros.
08/13/2021
Hogan Lovells responds to the European Commission’s consultation on the AI Regulation
By delegating the requirement to specify the precise obligations that need to be complied with to the provider, the Commission is potentially creating a significant degree of uncertainty for users.