02/16/2024
UK Director Verification Measures Target Financial Fraud
A transition period will be implemented for companies already on the register to comply with the new requirements, after which criminal sanctions or civil penalties may apply.
Legal, Regulation & Compliance
02/16/2024
Goldman Sachs analyst found guilty of insider dealing and fraud
The total profit generated from trading in these stocks was approximately £140,486.
02/16/2024
Addleshaw Goddard Financial Services & Banking News
The FCA confirms that, in 2023, it continued to increase intervention activity in response to poor financial promotions compliance.
02/16/2024
Mohammed Zina found guilty of insider dealing and fraud
He will be sentenced on Friday 16 February at 10am.
02/16/2024
Mark Branson's Bafin threatens Deutsche Bank
However, the financial institution has now admitted that the improvements to the monitoring systems required by Bafin have only been partially completed.
02/15/2024
FCA stops thousands of misleading ads and promotions
The FCA also published 2,285 alerts to help prevent consumers from losing their money to scams, up from 1,800 in 2022.
02/15/2024
Sompo International secures primary insurance licence in France
The granting of the French primary insurance license not only supports the company’s strategic expansion but further strengthens our position in Continental Europe.
02/14/2024
Appleby shortlisted for Chambers Europe Awards 2024
The awards recognise a law firm’s pre-eminence in key jurisdictions across Europe and also reflect achievements over the past 12 months including outstanding work, impressive strategic growth and excellence in client service.
02/14/2024
Financial Services & Banking News
The LSB intends to publish shortly a timetable setting out how it will take forward and sequence these initiatives.
02/14/2024
Aviva to pay client's tax bill after pension error
In an email seen by FT Adviser, the client was told that the “professionals” advising them “should have known” they are not eligible for an early retirement pension on the basis of the available information.
02/14/2024
Regulator to stress test UK life insurers on reinsurance exposures
Insurers are entering into transactions to pass on a slice of their liabilities
02/13/2024
Changes to FCA rules: Navigating Financial Promotions in 2024
Effective from 7th February 2024
02/13/2024
EU seeks to clarify boundaries of cryptoasset regulation
ESMA is consulting on new guidelines which aim to shed light on key questions relating to MiCA’s scope and has also published guidance regarding transitional measures.
02/13/2024
Court of Appeal in England drills down on term ‘incidental’ in tax cases
Relevant assets are defined as moveable structures used for drilling for oil or providing accommodation for offshore workers.
02/13/2024
FCA bans and fines Floris Jakobus Huisamen over London Capital & Finance plc financial promotions
Financial promotions, signed off by Mr Huisamen, presented a misleading picture of the minibonds, making them appear a far more attractive investment than they were.
02/13/2024
Two advice firms fail with the FSCS
The FSCS also confirmed it has received two claims so far against Frodsham Financial Planning Limited relating to home finance and pensions.
02/13/2024
FCA gives lifetime ban to ex-LCF director
Between 2014 and 2019, LCF marketed speculative minibonds to retail investors. Over 11,000 investors lost more than £237m in the minibond scheme.
02/12/2024
ECB publishes consolidated banking data for end-September 2023
The quarterly data provide information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.
02/12/2024
GAP insurers agree to suspend sales following FCA concerns over fair value
The regulator will carry out a second tranche of engagement with the rest of the GAP market, with the aim of improving the value of the product across all firms.
02/12/2024
Addleshaw Goddard: Financial Services & Banking News
Currently, EU law requires listed companies to disclose information about social and environmental risks and opportunities.