10/01/2020
FCA extends pause on Mifid 10% rule
The FCA intends to apply the TTP on a broad basis from the end of the transition period until 31 March 2022.
Legal, Regulation & Compliance
10/01/2020
Does dirty money need banking secrecy to thrive?
Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world.
10/01/2020
Gowling Leads the Way as the Legal 500 UK 2021 Rankings are Revealed
The firm again secures top tier rankings in London and the West Midlands
09/30/2020
PIMFA welcomes FCA analysis of regulatory perimeter but calls for swifter action to protect consumers
PIMFA has long called for a serious analysis of the regulatory perimeter and issues arising from it, so this report is welcome
09/30/2020
Walkers advises LCI on a US$230 million joint venture
It is planned that the fleet acquired through the joint venture will be used by operators worldwide for purposes such as transportation to offshore wind farms, Emergency Medical Services and Search and Rescue.
09/30/2020
TMF Group announces acquisition
Key milestone in TMF Group’s drive to further grow its fund services business. Selectra’s expertise and service offering will complement TMF Group’s fund activities in Luxembourg.
09/30/2020
FCA Perimeter Report 2019/20
The report sets out what the FCA does
09/30/2020
UK Commercial Real Estate and the Resurgence of JPUTS
Walkers’ Jersey team has recently seen an increasing number of instructions coming from South East Asia and the Middle East for the establishment of new JPUTs to acquire and hold UK commercial real estate.
09/30/2020
Charity Commission launches new online register
Visitors to the register are also able to conduct more detailed searches for charities, using information such as income and location.
09/29/2020
Bank of England Statement on European Securities and Markets Authority Recognition Decisions
The decisions give the formal permission for UK CCPs to operate in the EU, continue to provide clearing services to their EU members, and EU banks to continue meet their obligations to UK CCPs.
09/29/2020
£60m revamp for UK fraud centre
Recent information request found just 6.6% of pension scam complaints passed to the police
09/29/2020
20 fraud victims demand compensation from wealth firm
Rogue adviser stole £4.5m to spend on prostitutes, gambling and luxury holidays
09/29/2020
Irish Government approves amendments to Investment Limited Partnership Bill 2020
Irish ministers approved legislative plans last week aimed at enhancing Ireland’s regulatory environment in international financial services.
09/29/2020
France probes banking giant BNP Paribas for alleged complicity in Sudan crimes
It was considered the regime’s “de facto central bank” at the time despite international sanctions, the FIDH said.
09/29/2020
FCA releases further information in light of BI insurance test case judgment
The update contains information on the FCA's four recent meetings during the week commencing 21 September with policyholders and stakeholders
09/28/2020
Baker McKenzie Advises on Encore Capital Group's New Global Funding Structure
Encore’s two primary operating units, Midland Credit Management in the U.S. and Cabot Credit Management in the U.K., had legally separate funding structures.
09/28/2020
EU fraud, corruption and money laundering – the EU Public Prosecutor’s Office takes shape
These 22 prosecutors and the European Chief Prosecutor, Laura CodruĊ£a Kövesi, will constitute the College of the EPPO.
09/28/2020
Vatican Scandal's Trail to Credit Suisse
The investment is under financial investigation.
09/28/2020
ESMA Published Draft Rules for Third-Country Firms Under New MiFIR and MiFID II Regimes
These changes include new reporting requirements for third-country firms to ESMA on an annual basis, and include the possibility for ESMA to ask third-country firms to provide data relating to all orders and transactions in the EU.
09/28/2020
Odey ‘launched himself’ at female junior banker, court hears
Crispin Odey, charged with sexual assault, today formally entered his 'not guilty' plea at Westminster Magistrates Court