07/11/2021
UK Authorities Issues A Red Flag Over The Usage Of Crypto Ads
A major native advertising business group has announced a crackdown on cryptocurrency advertisements
Legal, Regulation & Compliance
07/09/2021
FCA fines LBGI £90 million
Renewal premiums offered to customers would also likely have been higher than the premium quoted to new customers, or customers that chose to switch insurance provider.
07/09/2021
FCA Must Come Forward with Tangible, Tested Proposals to Strengthens the Financial Promotions Rules
PIMFA has reiterated its belief that the approval of financial promotions should be a regulated activity.
07/09/2021
European Commission endorses Cyprus's €1.2 billion recovery and resilience plan
The Commission assessed Cyprus's plan based on the criteria set out in the RRF Regulation.
07/09/2021
Long awaited proposal for EU Green Bond Standard published
These initiatives highlight the EU's global leadership in setting international standards for sustainable finance.
07/09/2021
Russia to Introduce Rules for Confiscating Crypto: Report
The country's prosecutor general said crypto is increasingly used for bribes.
07/09/2021
UNDP and EBRD reaffirm partnership to promote sustainable development
The two organisations will also collaborate on issues including the digital transformation of small and medium-sized enterprises and the promotion of equality of opportunity for women, youth and people suffering from disabilities.
07/09/2021
FCA issues £90m fine to LBGI for misleading home insurance communications to customers
Home insurance customers were told they were receiving a ‘competitive price’ or ‘discount’ for loyalty at renewal, however this language was not substantiated
07/09/2021
Clifford Chance advises Allianz Real Estate on the acquisition of its first PRS portfolio in Spain
The portfolio comprises 421 residential units at 21 assets located in first-rate urban areas in Madrid and Barcelona and targeted at the middle market. Elix, one of Spain's major real estate investment managers, will manage the assets.
07/09/2021
Data protection watchdogs call for a ban on automated facial recognition in AI Act
In terms of governance, the Opinion stresses the need to clearly set forth the independent nature of the authorities tasked with supervising and enforcing the AI Act.
07/08/2021
FCA, PRA and Bank of England set out plan to improve diversity and inclusion in regulated firms
The regulators are also asking for views on how any changes could be tailored to specific categories of firms to ensure it is proportionate.
07/08/2021
Former boss of City of London firm charged over £50m fraud
Anthony Constantinou allegedly used Capital World Markets, a now defunct forex trading firm, to attract investors
07/08/2021
Past business reviews underway in 11 advice firms
FTAdviser understands that PI insurers may need to be involved as some policies include conditions which prevent firms from acting without the agreement of the insurer, otherwise the cover will be invalidated.
07/08/2021
Client funds saved after duping by fraudulent investment broker and two crypto platforms
Binance has issued a statement saying that it is working with the regulators.
07/08/2021
Guernsey’s insurance regime allows innovation to flourish
Paratus Maritime Insurance Limited was launched to create price certainty, allowing policy holders to manage volatility
07/08/2021
Walkers' Jersey Team Advises Suntera Global on Successful Application for Fund Administration Services Licence
Suntera already held fund administration licenses in the Cayman Islands, Bahamas and Isle of Man.
07/08/2021
A Guide to the Steps to take if you inherit a property in Italy
If you make the decision to accept the inheritance it is strongly advised that you should instruct probate lawyers experienced in Italian succession law
07/08/2021
Monetary Authority of Singapore and Banque de France Break New Ground in CBDC Experimentation
First use of automated market making in m-CBDC experiment
07/07/2021
Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes
The revisions reflect the further transposition of 5MLD and bring the Guidelines in line with current CBI expectations in relation to designated persons' ("firms") existing obligations under the Criminal Justice (Money Laundering and Terror
07/07/2021
Fund managers falling short on assessing the value of their funds
Our review found that, while some had been conducting AoV assessments well, too many AFMs often made assumptions that they could not justify to us, undermining the credibility of their assessments.