12/11/2020
To the extent that gaps remain at the end of the transition period, they are likely to result in some disruption to both EU and UK customers and businesses seeking to make and receive such payments.
12/10/2020
UK holidaymakers barred from EU after 1 January under Covid rules
European commission indicates Britons will face ban on nonessential travel at end of Brexit transition
12/10/2020
Bank of England Governor Andrew Bailey has warned a no-deal Brexit would cause longer-term damage to Britain’s economy than the COVID-19 pandemic, and the impact of the change might be felt for decades.
12/10/2020
As a result she was sentenced to 18 months in prison, disqualified under the Company Directors Disqualification Act 1986 for 10 years and handed a confiscation order for £13,115.98.
12/10/2020
It said ING had acted to prevent further violations and acknowledged the serious problems at the bank.
12/10/2020
Offshore fund finance in 2020, the year in review
Within that more global trend, we set out below some brief thoughts and highlights from each of our respective jurisdictions over the last 12 months.
12/10/2020
FCA fines IFA £107k for unsuitable pension transfer advice
Between January 2013 and November 2017, LJFP also failed to ensure that it identified and managed potential conflicts of interest fairly between itself and its customers, in breach of Principle 8 of the FCA’s Principles.
12/10/2020
Protecting consumers from harm in the investment market was identified as a priority in the FCA’s 2020/21 Business Plan.
12/10/2020
Cookies are text files that allow websites to remember consumers and their past activity.
12/10/2020
Around 180 CEES employees, including the senior management team, will join JTC at completion, becoming part of the company’s Institutional Client Services (ICS) Division.
12/10/2020
The aim of the amendments is to ensure a statutory replacement benchmark can be established by the regulators by the time LIBOR is no longer in use.
12/10/2020
A series of projects and events are being set up to bring together relevant actors in the Alpine region, including ‘MoVe the Alps', an international conference on cycle tourism scheduled for April 2021.
12/10/2020
What was missing from the Schrems II ruling was any practical guidance for organisations about how to adjust their international data transfers to this new landscape.
12/10/2020
The FCA has published a Final Notice fining a financial advice firm £107,200 for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.
12/09/2020
FCA & PRA: 5th meeting of joint CFRF
The draft regulation amends the rules for the content of the file to be submitted by the investigation officer to ESMA, the right to be heard with regard to interim decisions, and the lodging of fines and periodic penalty payments.
12/09/2020
High court shuts down UK art investment firms
They ‘were used as part of a cynical scam targeting members of the public’
12/09/2020
In order to continue to provide financial services in the EU, UK financial institutions will need to ensure that they offer these services through entities that are duly authorised in the EU.
12/09/2020
The team worked with lead counsel Trowers & Hamlins LLP and administrators Dominion on the matter.
12/09/2020
Protecting investors through a focus on end outcomes, managing innovation in payments, and ensuring digital operational resilience are of course high on the list.
12/09/2020
The request from the Internal Revenue Service (IRS) cited the Foreign Account Tax Compliance Act (Fatca) as the reason for compliance.