03/26/2020
EIOPA info request points to Solvency II changes: AM Best
EIOPA was originally scheduled to deliver its advice based on this review in June 2020,
Legal, Regulation & Compliance
03/26/2020
UK regulator to support struggling advice businesses
As it postpones publication of policy paper because of covid-19
03/26/2020
PFS pushes for grace period on PI amid 'evidence of serious impact'
The professional body also asked the regulator to confirm the loans and grants announced by the government in a bid to keep businesses afloat during the market downturn would not breach adviser's capital adequacy requirements.
03/26/2020
Self-employed targeted in Covid-19 scam
The message contains a link which asks for bank details to complete the transaction.
03/26/2020
European Commission Adopts Temporary Framework for State and to Businesses Affected by Covid-19
On 19 March 2020, the European Commission adopted a temporary framework that allows Member States to grant certain State aid to businesses to help them face the economic and financial consequences of the Coronavirus (COVID-19) health crisis.
03/26/2020
Regulators allow companies to delay accounts
All companies can utilise a three month extension to filing annual accounts at Companies House.
03/25/2020
The Board proposes a postponement to the formal dividend resolution
The Board has therefore arrived at the conclusion that the proposed dividend amount will in no way jeopardise the Bank’s ability to support its customers through financing, in spite of the challenging circumstances.
03/25/2020
The Nomination Committee proposes unchanged Board fees
All other proposals from the Nomination Committee to the annual general meeting remain as presented.
03/25/2020
UBS Trial: Accusations of Backroom Dealing
The details of this proposal seem fairly intricate, but the court, in essence, seems to favor a cancellation of the core allegation of abetting tax avoidance.
03/25/2020
Quilter Foundation donates £100,000 to the National Emergencies Trust (NET) COVID-19 appeal
Quilter is making the donation from its Foundation to the NET COVID-19 appeal.
03/25/2020
As Europe fights coronavirus and climate, is 'green stimulus' the way?
Coronavirus has taken some focus away from environmental issues but pressure is now mounting to design spending around climate change.
03/25/2020
We can’t afford tax havens in the age of #Coronavirus
The global economy, as one commentator noted, is going into cardiac arrest.
03/25/2020
A regulatory minefield
SFTR will require banks and investment firms to report their securities finance transactions to a registered trade repository for the first time.
03/25/2020
HMRC Guidance on Statutory REsidence Test and Covid-19
It should be noted that if a person actually falls ill with COVID-19, they will likely fall within the express example given in the legislation of “sudden or life threatening illness”.
03/25/2020
Tax in the time of COVID-19
The goal is to ensure that households and businesses are able to keep their heads above water until the health crisis can be contained, so that the economy is ready to rebound once the worst of the pandemic has passed.
03/25/2020
Acting selfishly has consequences right now – why ethical decision making is imperative in the coronavirus crisis
In fluid situations, these conditions are hard to meet.
03/25/2020
George Galloway shames Brussels' crippling £6.9m FINE against Italy amid COVID-19 outbreak
GEORGE GALLOWAY launched into a scathing attack on the European Union over the decision to issue Italy with a £6.9million fine over subsidies in the middle of the coronavirus pandemic.
03/25/2020
Holding the Line on Ultimate Beneficial Ownership
To address the challenges many jurisdictions experience in trying to ensure ownership transparency, last October the FATF released a best practice paper offering guidance on measures countries should consider to facilitate access to beneficial ownership a
03/25/2020
SRD II Comes into Effect in Ireland
They introduce new rules on investor engagement and investment strategy transparency for institutional investors and asset managers that invest on their behalf.
03/25/2020
Banks emerge as part of solution to Covid-19 economic crisis
Temporary cash flow relief may delay the emergence of credit losses but more marginal borrowers will struggle to recover from months of missed income.