11/13/2020
Wolters Kluwer FRR Named Technology Partner for Regulatory Compliance in Central Banking Awards
OneSumX for FRR, Wolters Kluwer FRR’s best-in-class integrated regulatory compliance and reporting solution suite
Legal, Regulation & Compliance
11/13/2020
Irish Fund Management Companies: Time to Get Serious About Substance & Oversight
It is this commitment to the sustainable growth of the industry that requires the stakeholders to continually critically review the model to ensure it exceeds international best practice and maintains Ireland’s position as a Gold Standard jurisdicti
11/13/2020
Spotlight Report – Emerging themes in our funds markets
Aside from COVID-19, Brexit lingers as a significant force impacting the global funds market, particularly the EU.
11/13/2020
ESMA Tells Fund Managers to Improve Readiness for Future Adverse-Shocks
The Report identifies five priority areas for action which would enhance the preparedness of these fund categories.
11/13/2020
UK companies restore dividends after taking furlough cash
Businesses return £400m to government but others keep support money despite making investor payouts
11/12/2020
Fines on Swiss firms abroad will be tax deductible from 2022
Illegal payments such as bribes, kickbacks and commissions paid to individuals will not be tax deductible and treated on par with criminal law.
11/12/2020
Information Notice has brought clarity to industry's questions over investment into cannabis assets by Guernsey structures
The position taken by the States of Guernsey in relation to cannabis investment follows the approval by the Assembly in June 2019 that businesses can grow and process cannabis in Guernsey for medicinal uses.
11/12/2020
Sweden opens door to resumption of bank dividends
Reasonable for profitable banks to pay out, says financial regulator
11/12/2020
DWF launches Ethnic Minority Access Scheme with Aspiring Solicitors
Seema Bains, partner and head of diversity & inclusion leadership group at DWF, said: “We’ve developed the Ethnic Minority Access Scheme with Aspiring Solicitors to help increase the representation of Black, Asian and Minority Ethnic peopl
11/12/2020
Are you preparing your first annual compliance statement?
It is time for trustees to send a first notification to the Competition and Markets Authority that they are complying with its investment consultancy and fiduciary management services order
11/11/2020
Walkers (London) maintains top tier ranking
Walkers does not practise English law and instead works alongside leading international law firms to provide integrated offshore and onshore support.
11/11/2020
Ministry launches appeal in panama papers case
Luxembourg’s finance ministry is appealing a verdict by the administrative tribunal which said in September that the tax office could not seek information about clients from lawyers involved in Panama Papers deals.
11/11/2020
FCA commences High Court proceedings over unauthorised collective investment schemes
Mr Forster has given undertakings to the Court which have the effect of freezing his assets worldwide, pending judgment.
11/11/2020
FCA launches court action after investors lose £30m+ in UCIS
The FCA has launched High Court proceedings against a company and two individuals over alleged links to care home investments which saw investors lose more than £30m.
11/11/2020
FINMA publishes 2020 Risk Monitor
The year 2020 was clearly marked by the corona pandemic, which had a noticeable impact on the risk landscape in the financial industry.
11/11/2020
FCA prohibitions highlight increasing focus on non-financial misconduct
These Final Notices confirm a trend we identified in our recent Top 10 Global Trends Regarding Investigations Involving Individuals: an increasing focus on non-financial misconduct.
11/11/2020
Basel Committee publishes new details on global systemically important banks
In July 2018, the Committee concluded a review of the G-SIB framework and published a revised assessment methodology, which is expected to be implemented in member jurisdictions by 2022.
11/11/2020
Film star’s widow faces £21m fine over alleged Spain tax fraud
‘It’s an important reminder that tax problems don’t die with you’
11/11/2020
Financial Regulation Update
FCA Primary Market Bulletin No 31
11/10/2020
A shock is in store for international divorcing couples
Explain why this is the case