10/26/2020
High-flying City figures to be exempt from quarantine rules
It comes as ministers are drawing up plans to overhaul quarantine rules over fears the current guidelines are not being followed.
Legal, Regulation & Compliance
10/25/2020
Public consultation on the review of the AIFMD is published
The Consultation marks the Commission’s first deep engagement with the public on the road to what could end up being a significant reform and it brings up again some of the issues that vexed engagement during the introduction of the AIFMD.
10/25/2020
Leading firm for 25 areas across UK legal directories
This recognition – thanks largely to the time, effort and energy expended by our clients and contacts in giving their feedback – demonstrates our ability as a firm to guide businesses, high-net-worth individuals and their families and philanth
10/25/2020
We're going to court, say lawyers in Neil Woodford payout fight: Law firm on track for class action by end of year
Manager Neil Woodford was subsequently sacked by Link, the fund broken up and a majority of the assets disposed of with money being returned to investors.
10/25/2020
Financial Regulation Update
The rule on intra-group switching comes into force immediately.
10/23/2020
Focus on the future of banking supervision in a changing world
International banking supervisory community meets virtually
10/23/2020
FCA and PRA fine Goldman Sachs International £96.6 million for risk management failures in connection with 1MDB
The 1MDB transactions involved clients and counterparties in jurisdictions with higher financial crime risk.
10/23/2020
Covid-19: FCA highlights support for consumers struggling with payments
Consumers can apply for a payment holiday or partial payment holiday until 31 October 2020.
10/23/2020
Luxembourg: Draft 2021 budget law presented to Chamber of Deputies
The new legal framework would omit some of the conditions required by the 2014 circular
10/23/2020
SFO publishes new ‘comprehensive guidance’ on Deferred Prosecution Agreements
DPAs allow a prosecution to be “suspended for a defined period” provided the organization meets certain conditions.
10/23/2020
Andersen Global Signs Collaboration Agreement with Belarus’ Largest Law Firm
For over 20 years, our firm has built a respectable reputation through our commitment to stewardship and independence
10/22/2020
FCA urges struggling borrowers to seek debt advice
But as loan repayment holidays come to an end and job protection schemes fade away to be replaced by less generous measures, those without their own financial defences are at risk of experiencing severe financial damage.
10/22/2020
International Ponzi fraudster jailed over £20m investment scam
The ‘extremely manipulative and dishonest man’ conned victims to ‘fund his own extravagant lifestyle’
10/22/2020
FINMA decision in BSI legacy case
This decision follows a ruling by the Federal Administrative Court in December 2019, which had confirmed FINMA’s assessment of the case but had remanded the aspect of the disgorgement amount to FINMA.
10/22/2020
IFAs lack ‘real lobbying group’ to fight ‘scandalous’ fees
Large rises have ‘angered’ advisers who are turning to Treasury Select Committee for help
10/22/2020
Brexit Business Brief | What happens to EU law at the end of the transition period?
At the same moment, the case law of the Court of Justice of the European Union decided before the end of the transition period will acquire broadly the same status as that of the UK Supreme Court.
10/22/2020
FCA: Publication of BI test case High Court declarations and appeal applications to Supreme Court
The FCA and the PRA have published a joint letter to chief executive officers (CEOs) of all PRA-regulated insurance firms on the importance of being prepared for the end of the transition period
10/22/2020
EBRD promotes innovation in green trade finance
This year, the EBRD is joining the contest as a partner for the first time by providing a challenge – to automate the assessment of its green trade finance transactions.
10/22/2020
Step Away From the Regulation: The Solution to Soaring Compliance Costs
These increased demands require firms to devote more resources and budget to compliance, with a substantial impact on their bottom line.
10/22/2020
Govt expands business support and overhauls job scheme
The support scheme will apply to eligible businesses in all tier levels.