03/19/2025
BlackRock drops sustainability-related terms from 56 funds ahead of ESMA deadline
Fellow US manager Federated Hermes also adjusts names, exclusions for ESG, SDG and biodiversity funds.
Legal, Regulation & Compliance
03/18/2025
FCA declines Zeux Limited’s crypto registration citing significant risk of harm
The application, submitted in June 2022, showed that the firm had failed to implement anti-money laundering controls and carry out effective risk management.
03/18/2025
Bank of England statement on the European Securities and Markets Authority’s decision regarding EU recognition of UK central counterparties
The Bank of England welcomes the decision of the European Securities and Markets Authority to extend the existing EU recognition of UK central counterparties.
03/17/2025
ABN Amro faces potential fine from Dutch Central Bank over bonuses
Additionally, executive compensation at these banks cannot increase faster than wages set by the industry-wide banking collective labor agreement.
03/17/2025
FCA bans and fines Crispin Odey £1.8m
The founder of Odey Asset Management has been fined and banned for showing ‘reckless disregard’ for governance.
03/14/2025
Fifth individual charged over suspected water investment scam
John Dobbs will appear before Southwark Crown Court on 25 March 2025.
03/14/2025
FINMA approves 1,500 trustee, portfolio manager licences to date
It received more than half of the applications in the last four months of the three-year transitional period
03/14/2025
Singapore Tightens Employer of Record (EOR) Regulations: What Overseas Employers Need to Know
Companies expanding into Singapore must now establish a local entity or explore alternative employment solutions.
03/13/2025
Statement from Nikhil Rathi, Chief Executive of the FCA, in response to the Government’s announcement on the future of the Payment Systems Regulator
Doing so is a natural next step following recent work to improve co-ordination and clarity on regulatory responsibilities.
03/13/2025
New PFS guidance consolidates resources for Consumer Duty compliance
These include the use of software systems to document client reviews, AI to transcribe meetings, and the adoption of robust Customer Relationship Management systems.
03/12/2025
EU carbon market: more to come
As these changes take place, carbon prices are set to rise, impacting industries and investors alike.
03/12/2025
‘Victory for common sense’: industry praises U-turn on name and shame plans
Instead the FCA plans to stick to its current exceptional circumstances test to determine if it should publicise investigations into regulated firms.
03/12/2025
FCA publishes findings of the private market valuation practices review
The private asset market has grown significantly in recent years in the UK
03/11/2025
Irish trust registration system goes live
New and existing UK as well as non-EU trusts now need to register on CRBOT
03/11/2025
M&G gains approval for private credit LTAF
The asset manager is tapping into the UK DC pensions market after launching a similar European semi-liquid fund in 2023.
03/11/2025
Guernsey representatives highlight significant value of Channel Islands to the EU
The meeting forms part of the regular programme of engagement with the EU.
03/11/2025
FINMA provides information on the status of licences issued to portfolio managers and trustees
The new licensing requirements, which must be complied with at all times, primarily serve to protect investors from unfair business practices and to strengthen the reputation of the Swiss financial centre.
03/11/2025
FCA sets out steps to support home ownership
As interest rates fall, the current market approach to interest rate stress testing may be unduly restricting access to otherwise affordable mortgages.
03/10/2025
The ESAs acknowledge the European Commission's amendments to the technical standard on subcontracting under the Digital Operational Resilience Act
Today’s Opinion acknowledges the assessment performed by the EC and confirms that the amendments proposed ensure that the draft RTS is in line with the mandate set out under DORA.
03/10/2025
SM Advice launches multilingual social media service for advisers
The multilingual social media service is intentionally designed to streamline and cover the entire process and also ensuring compliance.