04/30/2021
Financial Regulation: Daily Update
The FCA is seeking views on the classification of high-risk investments, the segmentation of the high-risk investment market, and the responsibilities of firms which approve financial promotions.
Legal, Regulation & Compliance
04/30/2021
Danish prosecutors drop money laundering charges against former Danske Bank CEO
Individuals must have shown gross negligence in order to be convicted under the Danish money laundering act.
04/30/2021
Insights from the 2020 Cyber Coordination Groups
These Cyber Coordination Groups (CCGs) have aimed to help firms share knowledge and discuss good practices in protecting themselves from cyber threats.
04/30/2021
UK must learn lessons of Wirecard scandal, warn MPs
"Regulators need to be fleet of foot enough to anticipate the issues that arise as firms scale and must have the specialist knowledge to understand how these new types of institutions work."
04/30/2021
Milestone for UK financial services as Bill receives Royal Assent
The UK has taken an important first step in shaping its own financial services regulation outside the EU as the Financial Services Bill received Royal Assent today (29 April 2021).
04/30/2021
Cross-border law enforcement after Brexit: partnering in crime
While some teething problems may be expected, the TCA gives agencies broad powers to obtain one-off binding requests for documents, records of witness interrogations by the police and formal court testimony from abroad.
04/30/2021
Pope sets 40-euro Vatican gift cap in corruption crackdown
Pope Francis set a 40-euro ($48) gift cap for all Vatican employees in one of his biggest efforts yet to crack down on corruption in the Holy See
04/30/2021
The Tide Comes In: An Update on the SFDR and the Taxonomy Regulation
Many firms have, in compliance with the SFDR, already published their responsible investment policies setting how they have integrated sustainability and ESG risks across their investment chain in advance of the 10 March deadline.
04/30/2021
Ashurst advises on £170 million sale and leaseback of McLaren Group's global HQ
Global law firm Ashurst has advised McLaren Group on the sale and leaseback of its headquarters to Global Net Lease for a total consideration of £170 million.
04/30/2021
Spain: Final regulations implementing DAC 6 published
On 13 April 2021, the tax authorities published Order HAC/342/2021 (Order) and a resolution (Resolution) approving the official reporting tax forms for such cross-border arrangements and certain mandatory communications between the parties involved in the
04/29/2021
England to introduce personal debt moratorium
The moratorium is provided for in The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 and will apply to eligible individuals who have debt problems.
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.
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