04/29/2021
FCA secures bankruptcy of 3 individuals involved in an unauthorised share scheme
The Official Receiver (or a Trustee in Bankruptcy) will investigate the financial affairs of the bankrupts and administer their estates.
Legal, Regulation & Compliance
04/29/2021
CP21/9: Changes to UK MIFID’s conduct and organisational requirements
The UK Markets in Financial Instruments Directive (MiFID) is the collection of laws regulating the buying, selling and organised trading of financial instruments.
04/29/2021
GillenMarkets MD claims he was wrongly summarily dismissed
Rory Mason claims his employer has wrongly accused him of stealing from firm
04/29/2021
Deutsche Bank to close branches; move to hybrid working model
The bank booked a EUR908 million profit for the first quarter on revenues of €7.2 billion.
04/29/2021
The impact of the EU digital initiatives on the creation, exploitation of and access to digital rights and assets
Bird & Bird experts are ready to advise and support companies and organisations in understanding the new digital regulatory landscape
04/29/2021
Linklaters advises EIB
The notes were issued on a delivery versus delivery basis against central bank digital currency (CBDC) which was issued as part of the Banque de France’s CBDC trial.
04/29/2021
Over half of Cyprus golden visas were ‘illegal’
Scheme was suspended by the government in November 2020
04/28/2021
Financial Regulation: Daily Update
The FCA will be launching a second phase of the digital sandbox pilot focused on sustainable finance later in the year.
04/28/2021
Court appointed administrator takes over Malta advice firm
After the regulator imposed restrictions on the business
04/28/2021
FCA proposes to take enforcement action against an individual relating to "non-financial misconduct"
The UK Financial Conduct Authority (the FCA) is proposing to take enforcement action against an individual, Jon Frensham, relating to "non-financial misconduct".
04/28/2021
Ireland FinTech Update: AML Registration for Virtual Asset Service Providers
Firms should assess whether they are within scope of this new regime and, if so, prepare for the registration process, availing of the transitional arrangements if they are existing VASPs
04/28/2021
Ireland Update: Landmark Supreme Court Decision on the Constitutionality of the Workplace Relations Commission
This legal update provides a background on this case as well as the Irish Supreme Court decision, an overview of the publishing of two minority judgments, resulting consequences and key takeaways for employers following this case.
04/28/2021
Ireland Implements 5MLD
Prescribing in detail the enhanced customer due diligence measures to be applied when dealing with a customer established or residing in a 'high risk third country'
04/28/2021
UPDATE 2-Danske Bank may have to look into Estonia dirty money case again
Authorities may require bank to investigate Estonia case further
04/28/2021
BofA Hit Hardest as EU Fines Bond-Trading Trio $34 Million
Traders colluded for sovereign-bonds sold to pension funds
04/28/2021
Proposal for EU Regulation of Artificial Intelligence published
The regulation has vast implications for industry across numerous sectors around the world
04/28/2021
Financial Regulation: Daily Update
The European Commission (EC) has published a draft Implementing Regulation on the extension of the transitional provisions related to own funds requirements for exposures to central counterparties (CCPs).
04/27/2021
Compliance, Culture and Evolving Regulatory Expectations
Under the statutory duty of responsibility, liability is not strict and requires positive evidence that the senior manager has failed to take a reasonable step to prevent a firm’s non-compliance.
04/27/2021
Financial Regulation: Daily Update
The PRA proposes that implementation of the changes resulting from CP9/21 would take effect upon publication of the final policy in Q2 2021.
04/27/2021
UK announces new sanctions regime to stop money launderers treating country as ‘honey pot’
The move brings the UK in line with the US and Canada in adding corruption to its Magnitsky Act sanctions regime.