03/01/2021
Global Britain: Beyond Brexit
The reality is probably somewhere in the middle, but there are good reasons to believe that the idea of a Global Britain is not too fanciful.
Legal, Regulation & Compliance
03/01/2021
Credit Suisse Suspends Greensill Funds
The Swiss bank will suspend a set of funds linked to specialist finance firm Greensill, which in turn maintains close ties to British steel magnate Sanjeev Gupta.
03/01/2021
UK ‘will respect constitution’ on ownership registers
A PARTNERSHIP between the UK government and Crown Dependencies respectful of ‘constitutional boundaries’ will deliver progress on publicly-accessible registers of company beneficial ownership.
03/01/2021
Carey Olsen supports M7 Real Estate on recent activity, including sale to Oxford Properties
The properties, which extend over a total of 214,000 sq ft, are fully occupied by a number of investment-grade tenants including SAP, Atradius and TSB, with an average unexpired lease term of 6.5 years.
03/01/2021
Overseas Territories also concerned about COI in BVI
CARICOM — an organisation of 20 states and dependencies — further said it is “dismayed” at how the COI was established with “no consultation, or prior communication between the UK government and the duly-elected government of
02/28/2021
Financial Regulation Update
The Regulations come into force in May 2021
02/26/2021
A guide to UK FCA Authorised Funds
Our new in-depth UK Authorised Funds Guide by Grania Baird, Jessica Reed and Beth Walsh takes a comprehensive look at the various structures and regulatory types of authorised funds as well as the parties involved in their establishment and management.
02/26/2021
Financial Regulation: Daily Update
The FCA would have imposed a substantial penalty on the firm, however it did not do this due to the impact that a penalty would have on the firm’s creditors, many of whom are consumers.
02/26/2021
UK data adequacy decisions issued by European Commission
The draft decisions show that the Commission intends to designate UK data protection standards as being "essentially equivalent" to those that apply in the EU.
02/26/2021
CJEU to rule on data protection breach damages
In addition to injunctive relief and information about his stored data, he also demanded damages under article 82 of the GDPR.
02/26/2021
MIFID Firms– What is the Central Bank of Ireland's Focus for-2021?
The CBI updated its COVID-19 FAQs to list factors investment firms should consider when looking to pay dividends and variable remuneration, given the impact COVID-19 has had on the markets and the economy in recent months.
02/26/2021
Cayman Islands, Morocco Placed on Terror-Financing Watch List
The Financial Action Task Force has added four jurisdictions to its list of countries subject to increased monitoring
02/26/2021
Firms' climate data reporting is improving, says Norway wealth fund
It holds stakes in around 9,100 companies worldwide and has set the pace on a host of issues in the field of environmental, social and corporate governance (ESG).
02/26/2021
'What the Right Hand Gives, the Left Takes Away': SDLT Surcharge for Foreign Buyers of UK Property Set to Come into Force
The surcharge applies to the purchase of properties in England and Northern Ireland only (Scotland and Wales having their own equivalent SDLT charges)
02/26/2021
Govt completes final sale of Bradford & Bingley and Northern Rock
The treatment of customers was a key element in selecting the successful bidder, the Treasury said.
02/26/2021
BNP Paribas ‘anti-semitism’ row: Malta judge says bank can appeal summons
Top brass from BNP Paribas will be allowed to appeal a court decree to testify in Malta in a case filed against them by British financer Jacob Agam
02/25/2021
Financial Regulation: Daily Update
ESMA launches two consultations on draft RTS and ITS to improve supervisory cooperation for investment firms
02/25/2021
FCA returns funds to victims of unauthorised deposit taking and collective investment schemes
The FCA has obtained High Court Approval to return £3.42 million to compensate victims of a series of unauthorised deposit taking and collective investment schemes.
02/25/2021
FCA responds to High Court decision to stay proceedings in enforcement case
The FCA will be seeking permission to appeal from the Court of Appeal.
02/25/2021
German accounting watchdog head to step down in wake of Wirecard scandal
Germany’s financial watchdog BaFin called on FREP in February 2019 to investigate Wirecard’s accounts, but it had not yet issued results by the time the company collapsed in June 2020.