05/11/2021
Financial Regulation: Daily Update
The Regulations will come into force on 1 June 2021.
Legal, Regulation & Compliance
05/11/2021
RegTech: The limits of goodness
The market for ESG funds has grown enormously
05/11/2021
Harneys Banking and Finance partners featured in IFLR1000’s Women Leaders 2021 guide
This year’s IFLR1000 Women Leaders guide features the most prominent female lawyers from various jurisdictions
05/11/2021
Points to note from TPR’s Climate Change Strategy
The vast majority of schemes, big and small, are already required to report on how they incorporate financially material factors (including ESG) into their investment strategy and on their stewardship activities.
05/11/2021
Cyprus investment firm banned from UK over 'significant money losses'
As a result of FXBFI's activities, "some customers have lost very significant sums of money".
05/11/2021
Law firm sets up UK wealth management service
It will provide advice on a range of issues including succession planning and cross-border estates EmailFacebookTwitterLinkedInPrint
05/11/2021
FCA revises position on EBA outsourcing guidance deadlines
The FCA said: “Firms are not expected to report to us on their progress towards meeting the timeline of 31 December 2021 in the EBA guidelines regarding legacy outsourcing arrangements.
05/11/2021
EU proposes new measures to push sustainability in finance
Since 2017 the NFRD obliges certain businesses in the EU to report on non-financial aspects of their investment products
05/11/2021
Carey Olsen advises TriSpan on latest mid-market fund launch
It will typically seek majority investments in proprietary buy and build opportunities alongside strong founders and management teams with a focus on multi-unit health care, business services or specialty manufacturing with limited use of leverage.
05/11/2021
Frankfurt wants to regulate data centres more strictly
Frankfurt joins London, Amsterdam, Paris and Dublin as one of the largest locations for data centres in Europe.
05/11/2021
Financial Regulation: Daily Update
The results cover the 2021 annual bonds threshold assessment, the May 2021 quarterly bonds liquidity determination and the 2021 annual derivatives threshold and liquidity assessment.
05/10/2021
Greensill Bank collapse pits German government against lenders
State-owned Hypo Real Estate says it is eligible for compensation from scheme funded by private banks
05/10/2021
The UK is losing the fight on money laundering, but we can still win - if we want
Britain’s white-collar professionals would wince at the thought that they are enablers of global corruption. New research suggests that the UK’s corruption problem is not only structural, but cultural, too
05/10/2021
FCA plans new fund structure for illiquid assets
Long-term asset funds would have longer redemption periods and greater disclosure under the plans
05/10/2021
FCA to require climate reports from providers and asset managers
The proposals stated that schemes with assets of £5bn or more will have to meet the new governance requirements from October 2021
05/10/2021
Trends in Sustainable Finance Disclosures
The primary aim of the SFDR is to ensure that investors are equipped to make a reasoned decision in a transparent market with the hope that capital flows will ultimately be rerouted to sustainable investments.
05/10/2021
Avoiding Pitfalls When Buying Property Abroad
The advantage of having a local Will, in addition to a UK Will dealing with the rest of your estate, is that it can make the probate process easier for your executors.
05/10/2021
First-ever legal framework for AI proposes obligations for developers, users and importers
The proposal also puts forward deterrent fines of up to €30 million, or 6 per cent of worldwide annual turnover in the preceding financial year, for companies flouting the data-related rules.
05/09/2021
KPMG sued for £6m by property company
Homebuilder claims it faced unexpected tax bill after negligent advice
05/09/2021
FCA: CP on new authorised fund regime for investing in long-term assets – productive finance
The aim of the LTAF is to provide a fund structure through which investors can invest with appropriate confidence in less liquid assets because the fund structure is specifically designed to accommodate relatively illiquid assets.