04/17/2020
Former Barclays banker cleared of fraud hits out at SFO’s powers
Richard Boath tells FT the agency that charged him had fallen short of its responsibility
Legal, Regulation & Compliance
04/17/2020
Covid-19 - Charity AGM Restrictions in the Isle of Man
The Attorney General has agreed that any charity which is required to hold its AGM before the end of April and is prevented from doing so due to the COVID-19 outbreak
04/17/2020
UK pension investors look to step up private market allocations
Shift away from public markets is likely to be a reaction to the reported 20% decline in plans’ performance numbers for the first quarter
04/17/2020
Mortgage complaints fall – FCA
Barclays' private bank attracted the most mortgage complaints from an active lender in the second half of 2019, according to data.
04/17/2020
Barclays CEO avoids vote against re-election over Epstein ties
Activist investor Ed Bramson eases up on calls for Jes Staley’s removal amid Covid-19 crisis
04/17/2020
FCA issues dividend and buy-back warning
The FCA said government schemes designed to help firms through the lockdown period could be used to pay debts as they fall due, but the regulator has previously clarified these loans cannot be used to meet capital adequacy requirements.
04/17/2020
Chancellor extends furlough scheme to end of June
Coronavirus Job Retention Scheme extended by one month to reflect continuing social distancing measures.
04/17/2020
ESMA Final Guidance on Performance Fees in UCITS and Certain AIFS
ESMA has published its final report on guidelines on performance fees in investment funds which is applicable to both UCITS and certain types of AIFs.
04/16/2020
Ex-Barclays banker Richard Boath attacks Serious Fraud Office dual role
Speaking to the Financial Times, he called on the attorney-general to investigate the powers of the agency, which both investigates and prosecutes alleged frauds.
04/16/2020
Covid-19: FCA calls on insurers to pay valid claims quickly
Business interruption In the letter, which was specifically looking at business interruption insurance for SMEs, Woolard accepted that most BI policies have basic cover which does not cover pandemics.
04/16/2020
FSB publishes report on international cooperation to address the financial stability implications of COVID-19
The FSB is closely monitoring the resilience of key nodes in the financial system that are critical for financial stability.
04/16/2020
ANIMA SGR selects SimCorp to enhance front office and deliver new services to the Italian insurance market
SimCorp announces a new agreement with Anima, the largest independent asset management group in Italy.
04/16/2020
COVID-19: UK Tax Residence Risks for Offshore Funds and Related Entities – HMRC Update
Where it remains essential for directors to participate in board meetings from the UK
04/16/2020
Financial complaints soar to over 6m - FCA
Excluding PPI complaints, the most complained about products were current accounts (10% of all complaints), credit cards (6%) and other general insurance products (5%).
04/16/2020
Advice boss jailed over £13m Ponzi scheme
Midas pitched the investments as offering attractive returns on "favourable terms" made possible by the owner's supposed relationship with a high-street bank.
04/16/2020
Carey Olsen advises on London property deal
The Carey Olsen team was led by partner Kate Andrews and included senior associate Mathew Du Val and associate Aldo Plater.
04/16/2020
Ogier fields a 'top class' team in Luxembourg
I am delighted that individuals have gathered such excellent feedback
04/15/2020
ESMA calls for consultation on its cross-border distribution of funds
This consultation paper sets out proposals for the aspects of the ITS relating to the publications to be made by NCAs on their websites with respect to marketing requirements and to regulatory fees and charges.
04/15/2020
Covid-19 Fundamentally Reshapes the FCA's Strategic Priorities in Its 2020/21 Business Plan
In this Insight, Sushil Kuner summarises the key aspects of the FCA's Business Plan and explores the FCA's expectations for firms to take the end outcomes for consumers and markets into greater account when designing and delivering services.
04/15/2020
Beyond The Headlines: Fca Scraps Mifid 10% Letter Rule
As has been demonstrated with the spread of unresearched information around COVID 19, this can have dangerous consequences.