03/05/2021
Isabel dos Santos’ Maltese consulting firm served with $230,000 tax bill
The Angolan billionaire’s company had “no intention” to carry out economic activity in Malta, the island nation’s authorities said.
Legal, Regulation & Compliance
03/05/2021
Britain lifts more curbs on 'dark' trading to limit stocks Brexodus
Some 8 billion euros in daily share trading left London for the EU in January after the Brexit transition period ended on Dec. 31
03/05/2021
German regulator files criminal complaint against Greensill Bank
Financial watchdog BaFin alleges balance sheet manipulation at troubled lender with €3.5bn of deposits
03/05/2021
Esma to hold open hearing on crowdfunding rules
The consultation paper seeks the views of interested parties on 7 draft Regulatory Technical Standard
03/04/2021
ESMA Proposes Improvements to Transparency Directive after Wirecard Case
The proposed modifications to the TD are based on ESMA’s experience gained while coordinating the enforcement of financial information in Europe, notably, when preparing reports, discussing supervisory cases or preparing statements and opinions.
03/04/2021
Financial Regulation Update
The FCA is currently working on an online calculator - to be released soon - to help policyholders gather two types of evidence, namely 'Reported Cases’ and ‘Estimated Cases’.
03/04/2021
Legal challenge launched against Oxfordshire local plan over climate impact issues
The group also claimed that councillors had unlawfully taken into account the threatened consequences of government intervention in the plan.
03/04/2021
Central Bank of Ireland Consults on Cross-Industry Outsourcing Guidance
The deadline for responses to CP138 is 26 July 2021.
03/03/2021
Financial Regulation: Daily Update
The FCA has published a Consultation Paper (CP) on its proposed approach to the regulation of the pre-paid funeral plans sector.
03/03/2021
Blue Gate Capital enters liquidation
Blue Gate’s shareholders have taken the decision to place the business into insolvent liquidation via a creditors voluntary liquidation.
03/03/2021
ESMA supports increasing corporate transparency through the creation of ESAP
ESMA recommends a phased approach, which should prioritise financial and non-financial information of public companies.
03/03/2021
Esma queries use of blockchain for EC's ambitious financial data platform
The aim is to establish a single access point as well as an EU harmonised approach for the IT format for companies’ information.
03/03/2021
European Commission proposes new regulation of digital operational resilience in the financial sector
Examples of disruptions affecting ICT capabilities include, for example, cyber-attacks and other incidents, technological failures, as well as other malicious and non-malicious events.
03/03/2021
Intertrust Group partners with i2 Capital Market
Under the new partnership, investors will be able to see what amendments of documents are being proposed and use i2 CapMark’s proprietary platform
03/03/2021
Top EU court backs Italian bank bailout in setback to EU antitrust regulators
The EU watchdog appealed to the Court of Justice of the European Union (CJEU).
03/03/2021
Data Protection Commission 2020 Annual Report
It was a busy year for the DPC and the Report details the extensive span of the DPC's regulatory work.
03/03/2021
ING hit with €3 million fine by French financial regulator over AML flaws
The measures taken at ING in France are in line with ING’s efforts since 2017 to further enhance the management of compliance risks and embed stronger awareness across the whole organisation.
03/02/2021
Financial Regulation: Daily Update
The European Commission has published a Commission Delegated Regulation supplementing the CRR.
03/02/2021
Long Term Asset Fund lawyer urges the FCA: 'Do not rush this'
Fears new product could launch without proper scrutiny
03/02/2021
FCA finalises guidance on fair treatment of vulnerable customers
The guidance will support the FCA as it moves forward in applying a ‘vulnerability lens’ to supervising and enforcing the standards set by its principles and rules.