11/11/2020
Financial Regulation Update
FCA Primary Market Bulletin No 31
Legal, Regulation & Compliance
11/10/2020
A shock is in store for international divorcing couples
Explain why this is the case
11/10/2020
HNWs increasingly making £1m+ charitable gifts in Wills
There is currently an estimated £10.1 billion funding shortfall within the charity sector due to Covid-19.
11/10/2020
The Share Trading Obligation after Brexit: diverging ESMA and FCA approaches
ESMA has stated that EU investment firms will be able to trade sterling-quoted shares of European companies that are listed in London.
11/10/2020
The export of artworks from Italy is made easier at last
Even though Italy still has one of the most stringent laws on the protection of national cultural heritage, such reform pushed it one step further towards the global art market.
11/10/2020
UK companies will be forced to reveal environmental impact by 2025
Last year the Government adopted a commitment to ensure the UK is emissions net zero by 2050.
11/10/2020
Ogier advises Valor Real Estate Partners on €1billion urban logistics joint venture
Partners Emily Haithwaite, Niamh Lalor and Katrina Edge led the Ogier Jersey team assisted by senior associate Tara Kapur.
11/10/2020
Ogier advises PizzaExpress group on landmark restructuring
The use of the new restructuring plan procedure incorporating Jersey entities both at a holding and operational level reinforces Jersey's commercially minded and flexible corporate and finance regime.
11/10/2020
Raiffeisen to exit Swiss bankers association
The bank said that it wants to strengthen its commitment to Swiss private clients and small and medium enterprises.
11/10/2020
The Covid-19 Balancing Act for Regulated Businesses in Jersey and Guernsey Covid-19 is here to stay, and with it a change in the way that we work.
Whether or not this has fully sunk in, the Channel Islands regulators and international standards setters have certainly grasped it.
11/10/2020
Fos chief defends £350k award despite 'minimal' impact
Ms Wayman said the areas helped by the extra £200,000 available included pensions, where the defined benefit transfer market sometimes reached the limit, alongside protection, fraud and scams.
11/10/2020
Almost half of all FCA scam warnings are impersonations of real brands, Quilter finds
There is no legally enforceable system for compelling search engines and social media platforms to remove fake websites and fake adverts which use the ‘clone’ of a financial services firm.
11/10/2020
PwC solution utilises DueDil tech to automate KYB for banking client
Checks that were previously conducted manually will now be fully automated using the DueDil API, enabling the client to deliver an enhanced overall customer experience.
11/10/2020
Financial Regulation Update
The UK’s Joint Government-Regulator TCFD Taskforce has published an interim report and accompanying roadmap, which outlines the UK’s approach to implementing the recommendations of the TCFD and achieving the UK's expressed intention to ma
11/10/2020
Carey Olsen advises VinaCapital
The Carey Olsen team advising VinaCapital on all Guernsey aspects of its migration was led by corporate partner Ben Morgan and senior associate Gemma Campbell.
11/10/2020
ESMA prepares for no-deal Brexit with plans to delay MiFID II calculations
The period of suspension will include essential MiFID II calculations including DVCs, SI regime, and bond liquidity determination.
11/10/2020
Mandatory disclosure rules (DAC6): A look at private equity investment in Luxembourg
Diogo Duarte de Oliveira and Olivier dal Farra of Baker & McKenzie Luxembourg analyse the DAC6 hallmarks and consider how intermediaries may encounter them in the context of private equity investment structuring in Luxembourg.
11/10/2020
‘Puppet’ solicitor suspended over money-laundering breach
A so-called financial services agreement sent by the client to prepare the escrow agreement contained ‘very basic’ spelling mistakes, errors and confusing clauses.
11/09/2020
EBA Consults on Integrating ESG into Risk Management, Supervision
The consultation paper follows the release of the EBA’s ‘Action Plan on Sustainable Finance’ last December, which outlines the authority’s deliverables and activities related to ESG factors and risks.
11/09/2020
Two-thirds of UK banks have no net zero target
As a result, 2020 has subsequently seen a growing number of private and public entities aiming to be zero-carbon within a short amount of time.