01/24/2020
FCA: Requirement to update or confirm Firm Details annually
Firms are required to comply with these rules.
Legal, Regulation & Compliance
01/24/2020
Ban for duo who pledged 20% returns in fake scheme
The hub was going to provide legal insurance to members to cover legal costs of matter which could not be resolved.
01/24/2020
RollOnFriday Firm of the Year 2020 results reveal most lawyers are...happy
Over seven and a half thousand people from over 150 firms took part in the Firm of the Year 2020, rating how satisfied they were across six metrics: pay, career development, work/life balance, management, culture, and the office.
01/23/2020
FCA supervision strategies for asset managers and and alternative investment firms
Regulated entities are accountable for their regulatory activities.
01/23/2020
How 237 Maltese taxpayers got off the Panama Papers hook
The police never carried out a comprehensive probe
01/23/2020
Brussels draws up hit list of UK financial services as row over EU rules after Brexit intensifies
The future trading relationship on financial services will be based on a so-called “equivalence” regime which can be withdrawn unilaterally at just 30 days notice.
01/23/2020
EBA updates its guidelines on fraud reporting under PSD2
A consolidated version of the updated guidelines is published alongside the amending guidelines for convenience purposes.
01/23/2020
UK FCA becomes AML/CFT crypto supervisor
The development comes under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs)
01/22/2020
High Court Strikes Out Claim Against Banks In Their Capacity As Lenders To Investors Of A Tax Deferral Scheme
This is particularly welcome in circumstances where investors are increasingly pursuing claims against such lenders
01/22/2020
What money laundering rules mean for crypto and trusts
There are significant penalties for those individuals and entities failing to fulfil their responsibilities.
01/22/2020
DAC Beachcroft continues international expansion
DAC Beachcroft’s integration with Asjusa further strengthens its leading international insurance practice, which acts across the full breadth of the insurance sector and includes a presence in key markets throughout the UK, Europe, Asia Pacific and
01/21/2020
SFO updates Handbook guidance on evaluating a compliance programme
The Serious Fraud Office has updated its Operational Handbook to include a chapter on evaluating a compliance programme. The chapter considers: the relevance of compliance for SFO cases; what a compliance programme entails; time periods relevant to deci
01/21/2020
Disguised remuneration: independent loan charge review
The independent review of the disguised remuneration loan charge has now concluded and the government has published its response.
01/21/2020
The LuxSE updates its Rules & Regulations
The LuxSE has substantially amended its Rules & Regulations to integrate recent mandatory legal and regulatory developments as well as to provide increased clarity, transparency and usability for its clients.
01/21/2020
Luxembourg's fund sector faces risk of abuse
Report warns that the country's position as an investment hub increases the likelihood for criminals to commit fraud
01/21/2020
FCA readies for fresh crackdown on advisers
In the letter advisers were urged once again to “start from the assumption that a pension transfer is not likely to be suitable”
01/21/2020
Cheshire advice firm pays staff to quit
Equilibrium Asset Management employs 86 staff at its office in Wilmslow.
01/21/2020
Appleby advises on closing of Zedra acquisition
"We look forward to seeing ZEDRA go from strength to strength in the jurisdiction.”
01/21/2020
VitalityInvest and SEI launch new Global Multi-Manager fund range
The new Global Multi-Manager funds are available exclusively through VitalityInvest’s ISA, Junior ISA and Retirement Plan
01/21/2020
Heads could roll at PwC over Isabel dos Santos links, says chairman
Exclusive: Bob Moritz says he is ‘shocked and disappointed’ by Luanda Leaks disclosures