10/30/2020
Calls to sack Malta financial regulator CEO
Over all-expenses paid holiday with a suspect investigated for murder of investigative journalist
Legal, Regulation & Compliance
10/30/2020
FCA portfolio letter to mortgage intermediaries, including Covid-19 related matters
The FCA expects relevant firms to take notice of the areas of concern set out in the letter, and to take action where appropriate.
10/30/2020
Vatican Investigators Focus on Longtime Investment Manager
In a report published Oct. 23, L’Espresso said it had obtained a letter sent from the Vatican to Switzerland highlighting alleged activities of Enrico Crasso, an Italian-born Swiss citizen.
10/30/2020
Brexit: Immigration update for EU nationals
In order to safeguard the rights of EU citizens after Brexit, the UK government introduced the EUSS.
10/30/2020
Netherlands: Supreme Court rules on WHT refund regime for nonresident FIIs
KA Deka applied for, but was denied, a refund of the withholding tax because it was unable to meet the FII shareholder and distribution requirements, including providing the identity of shareholders to the Dutch tax authorities.
10/30/2020
Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering
The man and woman were residents of North Holland’s Hilversum and the couple will face two and a half years in prison for their crimes.
10/30/2020
Walkers London team advise LetterOne
Turkcell is a leading integrated telecoms and technology company and is one of Turkey's most recognisable brands.
10/30/2020
Ogier advises on $1.1 million note issuance and Luxembourg Stock Exchange listing
The Ogier team led by partner Bertrand Géradin and senior associate Sarah Verlende acted as Luxembourg legal adviser alongside Latham & Watkins LLP.
10/29/2020
FSCS pays £1.7m in pension switching claims against IFA
Kingsway entered administration in December last year, embroiled in claims linked to work carried out by its appointed representative Pension Transfers Limited.
10/29/2020
Rabobank outsources parts of regulatory reporting to consultancy
Currently, most banks perform the activities in-house, but with complexities mounting and technologies becoming more advanced, outsourcing to specialised firms is emerging as an increasingly attractive option.
10/29/2020
FSCS works to enable 11,500 Reyker Securities clients to have access to their assets
The JSAs will now continue their work to effect the transfers approved under that plan.
10/29/2020
Advisers back review of high net worth investor exemption
Exemptions from the financial promotion restriction allow authorised and unauthorised companies to advertise investments directly to high net worth investors without necessarily having to follow regulatory rules.
10/29/2020
Divorce Law Changes Could Lead To Unnecessary Financial Hardship
Under the new law couples can be divorced within six months and once they are no longer legally married lose many of the tax breaks and benefits which are reserved exclusively for married and civil partner couples.
10/28/2020
Mishcon de Reya files claim against public nature of EU beneficial ownership registers
The LBR rejected this request and so the claim was filed with the district court in Luxembourg with assistance from Luther S.A., a law firm based in the region.
10/28/2020
European Commission opens public consultation to review the AIFMD
The consultation is wide-ranging and covers a broad range of subject areas.
10/28/2020
Brexit: permanent residents must apply to EUSS by 30 June 2021
From 31 December 2020 all EEA and Swiss citizens and their family members will be subject to immigration control and may be asked to prove their status.
10/28/2020
"Art Market Participants": what you need to know about changes to Anti-Money Laundering Regulations
The change came into force on 6 October 2020 and the objection period expired on 24 October 2020, meaning the extension will now remain in effect.
10/28/2020
Employers face finding £100bn in next decade if proposed pension funding rules go ahead - MPs 'in the dark' over scale of changes
The new funding rules have been brought in as a reaction to high profile failures of company pension schemes such as Carillion and BHS.
10/28/2020
Stronger nudge to pensions guidance: statement of policy intent
As part of the changes, guidance that was initially delivered by government under the brand ‘Pension Wise’1 was launched.
10/28/2020
Brexit - The Endgame Approaches
Financial services firms and their counsel entering an important phase as deadline nears