01/13/2020
Guernsey legal and regulatory update
An overview of Guernsey legislative and regulatory developments - 1 October 2019 to 10 January 2020
Legal, Regulation & Compliance
01/13/2020
English Court of Appeal defines the limits of a trustee’s indemnity
The decision is indicative of the limitations that may be applied to trustee indemnities in offshore jurisdictions
01/13/2020
Boutique investment bankers face heightened competition from the big players
The drop-off in jumbo tie-ups – and the hundreds of millions of pounds they generate in fees – has pitted star dealmakers at elite firms against boutique advisory outfits a fraction of their size.
01/13/2020
FCA begins exploratory review of equity release
Financial regulation expert Andrew Barber of Pinsent Masons, the law firm behind Out-Law, said that the reports were consistent with the regulator's work focusing on consumer protection and good consumer outcomes.
01/13/2020
Former RTE producer awarded €100,000 in compulsory retirement case
Before the WRC, RTE argued that there was a compulsory retirement age of 65 and it was justified in order to ensure intergenerational fairness and allow younger people to progress through the organisation.
01/13/2020
FCA: insurers must 'proactively' tackle discrimination and harassment
Financial regulation expert Elizabeth Budd of Pinsent Masons, the law firm behind Out-Law, said that the letter "could not send a clearer message" that the FCA was committed to tackling sexual harassment and inappropriate behaviour.
01/13/2020
England and Wales 'no fault' divorce plans re-enter parliament
The new bill will begin its parliamentary passage in the House of Lords.
01/13/2020
Caribbean Legal Update – Appeal Decisions by The Judicial Committee of the Privy Council (“Privy Council”) in London
The courts can also make orders to put the company back in the position it would have been in had the payments not been made.
01/13/2020
European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect
A strict new regulatory regime is dawning upon European firms handling cryptocurrency.
01/13/2020
Rotenberg loses sanctions suit against Nordic banks
The court said Rotenberg had failed to prove he was a person living in the European Economic Area and therefore he was not entitled to basic banking services in Finland.
01/13/2020
Hastie Stable rebrands
The change marks the commitment of the members to excellent client focused advice and representation.
01/12/2020
FCA becomes AML and CTF supervisor of UK cryptoasset activities
The FCA is now the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for businesses carrying out certain cryptoasset activities under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs).
01/12/2020
Regulation of Crypto Assets
Crypto-investors and users, as well as crypto-asset service providers, are exposed to high risks.
01/12/2020
MIFID II: ESMA Issues Latest Double Volume Cap Data
As of 9 January 2020, there is a total of 421 instruments suspended.
01/10/2020
Happy New Year – Happy New Money Laundering Regulations
The Regulations will extend the scope of the MLR so that additional types of firms will become subject to AML compliance requirements
01/10/2020
Sponsors restrict loan sales in private debt market
Historically, syndicated loan investors were able to sell paper to third parties, then sponsors clamped down to prevent distressed funds buying up debt via white lists of acceptable buyers.
01/10/2020
Vanguard to wade into UK advice sector
Famously low-cost, its arrival could herald a big change for wealth management fees
01/10/2020
ESMA Grants LEI Reporting Relief to Non-EU Issuers Under SFTR
The guidelines aim to clarify a number of SFTR provisions and provide practical guidance on implementation.
01/10/2020
Cross-border transactions face EU anti-money laundering overhaul
The demand for greater scrutiny over high-risk international transactions is not new for banks in the EU.
01/10/2020
Polish prosecutor indicts former head of financial regulator
PiS has long campaigned on a promise to root out corruption in what it describes as self-interested liberal elites.