04/07/2020
Lindsell Train funds breach UCITS concentration rules - reports
Individual holdings breach limits
Legal, Regulation & Compliance
04/07/2020
FCA sets out priorities for 2020/21
Looking ahead to the medium term the Business Plan sets out four priority areas where the FCA will address continuing harm.
04/07/2020
Coinhouse Wins First Crypto License From French Regulator
The firm is now raising equity and integrating risk warnings, investment disclaimers and other legal documents to make a bid for the French crypto license.
04/07/2020
COVID-19 crisis spurs triple-digit growth for refurbishing startup Back Market
Also being considered is additional grant funding via InnovateUK, a government body providing support to innovative businesses, and an expansion of R&D tax credits.
04/07/2020
Adviser FCA fees to increase to £81m
The watchdog’s funding requirement, which includes £15m in EU withdrawal costs and £10m to support its own transformation programme, has increased 5.2 per cent to £587.6m.
04/07/2020
“Bank of England purchases – why so fast?” - Kames Capital
“Better to be early to the party than not attend at all.”
04/07/2020
TBC Bank and Citi sign a $67 million trade finance facility
Proceeds of this facility will support import and export transactions for customers of TBC Bank
04/07/2020
Implementation of the 5th AML Directive into Luxembourg law
The 2020 Law, which is significant in the context of the FATF’s scheduled on-site visit in Luxembourg, impacts the national AML/CTF framework in a number of key areas.
04/07/2020
HSBC board to avoid angry investors at AGM behind closed doors
The usual format of the AGM will be condensed and will only include the formal business of the AGM.
04/07/2020
Uncleared margin rules delayed for one year
Asset managers receive respite from authorities in implementing the final phase of the uncleared margin rules as coronavirus continues to impact regulation.
04/07/2020
FCA announces 6 month delay to policy changes
This extended implementation period recognises the operational challenges of implementing new rules in the current circumstances.
04/06/2020
PrivatBank files new lawsuit for $5.5 bln in Cyprus against ex-owners – bank
The bank claims that they were fictitious loan agreements, none of which were repaid.
04/06/2020
Covid-19 adds to the challenges facing law firms
Law firms are cutting salaries and some are seeking to participate in the Government’s temporary Covid-19 wage subsidiary scheme
04/06/2020
Spain To Roll Out Permanent Universal Basic Income ‘Soon’
Prime Minister Pedro Sanchez’s government rolled out a €200 billion package ($216 billion) last month to boost Spain’s economy, in line with stimulus packages introduced in some of the worst-hit countries.
04/06/2020
Charities Registration and Regulation Act 2019
Every registered charity (even small charities) must now have a written governing instrument and the Attorney General must give prior written consent to any amendment to the written instrument (unless it is a foreign charity).
04/06/2020
10 Countries Actively Regulating Cryptocurrency Despite Global Crisis
During the past week, two countries approved new cryptocurrency exchanges.
04/05/2020
Covid-19: FCA/PRA SMCR Expectations
The FCA has updated its COVID-19 pensions information webpage to acknowledge that some firms may not be able to avoid a short delay in implementation of the incoming rules on communicating pension information
04/05/2020
Government announces changes to enhance support on offer for businesses
A new scheme was announced to offer support for larger firms not currently eligible for either the CBILS or CCFF.
04/05/2020
COVID-19 UK Law Key Changes to Eviction Rules for Residential Assured Shorthold Tenancies
he ban has been reflected in their decision to suspend all ongoing housing possession actions.
04/05/2020
African Development Bank celebrates milestone with first social bond listing on London Stock Exchange
Record-breaking $3 billion Fight Covid-19 social bond launches on LSE: a first for the Bank