01/24/2020
FCA stalls Tilney merger with Smith & Williamson
Combined £45bn business would have rivalled Brewin and Rathbones
Legal, Regulation & Compliance
01/24/2020
PIMFA Welcomes Plans for Financial Wellbeing and Financial Education
PIMFA aims to work in collaboration across the industry to raise awareness and fight the stigma around mental health when discussing and managing money and welcome further campaigning across the industry to heighten awareness and improve financial educati
01/24/2020
Company Formation Given Undersized Role in Financial Gatekeeping, Say Experts
The scandal points to the fact that banks are not fully equipped to identify financial crime.
01/24/2020
FCA: Requirement to update or confirm Firm Details annually
Firms are required to comply with these rules.
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The future trading relationship on financial services will be based on a so-called “equivalence” regime which can be withdrawn unilaterally at just 30 days notice.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.