03/26/2020
FCA’s expectations on financial resilience for FCA solo-regulated firms
Government schemes to help firms through this period can be part of a firm’s plans for how they will meet debts as they fall due.
Legal, Regulation & Compliance
03/26/2020
Joint statement by the FCA, FRC and PRA
Successful and sustainable businesses underpin our economy and society by providing employment and creating prosperity.
03/26/2020
Malta Financial Regulator Warns Against Unauthorized Crypto Firms
The document’s letterhead prominently displays the British royal coat of arms.
03/26/2020
London City Airport to suspend all commercial and private flights
British Airways, which operates the majority of flights from London City, suspended all its services there on Monday.
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,
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.