06/30/2021
FCA review finds weaknesses in some ‘host’ Authorised Fund Management firms’ governance and operations
The review focussed on host AFMs but some of the findings are also applicable to in-house AFMs.
Legal, Regulation & Compliance
06/30/2021
CII AGM takes place today as PFS battle rages
Opposition to the deregistration of the PFS has been growing with the campaign group 'Our PFS’ gaining support from many PFS members.
06/30/2021
UK, Singapore Commit to Deepening Regulatory Cooperation
The two countries also announced an MoU to enhance bilateral cyber security cooperation
06/30/2021
Major Law Firms Launch Net Zero Lawyers Alliance to Commit to Accelerating Global Transition to Net Zero
NZLA members commit to ensuring that they engage with their clients’ own transition and decarbonisation objectives.
06/30/2021
FSCS declares 10 financial firms in default
The latest numbers suggest a slight slowing in the number of defaults with 11 firms declared in default in March compared to only 10 in April and May.
06/29/2021
Capital International Bank secured Isle of Man full alternative banking regime licence
It has a quick pre-application process, whereby clients will know within just 200 seconds whether they are eligible for the service or not.
06/29/2021
EU Commission adopts UK Data Adequacy Decisions
By adopting the Adequacy Decisions, the EU Commission has recognised that the UK has fully incorporated the principles, rights and obligations of the GDPR
06/29/2021
Central Bank of Ireland Supervisory Priorities for the Insurance Sector
The CBI's priorities focus on the fundamentals of effective supervision; strengthening regulatory and supervisory frameworks
06/29/2021
High Court Declines to “Cram Down” Shareholders in Proposed Part 26A Restructuring Plan of Oil Company
The decision provides new judicial guidance for determining the boundaries of cross-class cram down tests.
06/29/2021
BIS Annual Economic Report 2021
In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.
06/28/2021
Deutsche Bank compensates Spanish winemaker over forex scandal
German lender pays €10m to JGC to settle claims of mis-selling exotic derivatives
06/28/2021
FCA fines Crosfill & Archer Claims Limited £110,000
This fine was for making unsolicited telemarketing calls to people who registered not to receive this type of sales call, where the firm had no evidence they had consented to receive the call or where the firm was unable to confirm what consent had been o
06/28/2021
Celebrating Major Milestones in London and the Channel Islands
Jack Boldarin: London was our first international office outside of the Cayman Islands 20 years ago because we believed then, as we do now, that being a leading player in London is vital to our global client base.
06/28/2021
The free flow of personal data from the European Economic Area to the United Kingdom can continue (at least for now)
The European Commission stated it would reassess the need for this exclusion following developments in UK law.
06/28/2021
Binance: Financial watchdog FCA bans cryptocurrency exchange
Binance has not registered with the FCA and therefore is not allowed to operate an exchange in the UK.
06/28/2021
FSCS backtracks on UK advice firm failure
After the lifeboat service said investors could be eligible for compensation
06/25/2021
Lawrence Stephens Launches Family Law Practice
The addition of Lawrence Stephens’ Family department marks an exciting step forward in the expansion and growth of our firm as we prepare to celebrate our 25th anniversary next year.
06/25/2021
Met makes one of world's largest cryptocurrency seizures
The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets.
06/25/2021
Report outlines shape of post-Brexit regulatory landscape in the UK
Firms and a number of industry bodies have looked at open finance in the context of their segment of the financial services industry, but without a clear, central steer from government we may not see the developments that could – and should –
06/25/2021
Carey Olsen named best offshore law firm
The award win follows in the footsteps of Carey Olsen's trusts and private wealth practice maintaining its Tier 1 listing in the 2021 edition of eprivateclient's Top Offshore Law Firm rankings, and its back-to-back success in the offshore law fi