10/21/2019
Pressure grows on regulators to reform fund management industry in wake of Woodford scandal
He warned that a “fire is breaking out” in the sector because of what he described as “dodgy electrics” – or a weak regulatory framework.
Legal, Regulation & Compliance
10/21/2019
Linklaters advises the Joint Lead Managers on Europe’s first ever general purpose SDG linked bond
ENEL reported that the bond, Europe’s first general purpose SDG-linked bond issue, was almost four times oversubscribed and that total orders stood at about 10 billion euros, with the substantial participation of socially responsible investors.
10/21/2019
Linklaters advised the banks’ syndicate on the Tikehau Capital bond issue of an aggregate amount
The proceeds of this issue will be used for Tikehau Capital’s general corporate purposes and the Group also reserves the option of repaying existing credit facilities.
10/21/2019
Amundi CIO Blanqué warns ‘ingredients’ of liquidity crisis across fund management
Pascal Blanqué said search for yield and liqudity mismatches a significant risk
10/21/2019
StanChart’s Bill Winters set to take pay cut
Chief executive seeks to draw line under pension allowance dispute
10/18/2019
Isle of Man VAT Report Published
The Isle of Man Government invited HM Treasury to carry out a review of its VAT rules
10/18/2019
FCA sues Park First and directors amid fears for £230 million of investors' money
A total of 4500 largely elderly investors put money into the scheme, many of whom also lost money with London Capital & Finance.
10/18/2019
Ex-RBS Trader Ruined in Film Scam Keeps $4 Million London Home for Now
Walsh said Greystone also submitted false documentation to the tax authorities on his behalf.
10/18/2019
Barclays’ Jenkins was London’s ‘Great Rainmaker,’ Lawyer Says
Jenkins and Boath, along with another former bank executive, Tom Kalaris, are on trial for allegedly failing to disclose approximately 322 million pounds in investment fees paid to Qatar
10/17/2019
The Price Of Everything And The Value Of Nothing
It’s also a world in which cyber security attacks compromising personal data seem to occur on a near daily basis.
10/17/2019
The Vatican, a Chelsea property deal and Brexit
Pope Francis has ordered an investigation into a London investment by the body managing charitable donations
10/17/2019
FCA moves to protect investors from 'greenwashing'
The watchdog said initial work on potential greenwashing in the sector had shown the "sustainable" label is applied to a "very wide" range of products
10/17/2019
HMRC loses inheritance tax case against Jersey trust
HMRC said if the trust was based in the UK and governed by UK law it would be exempt from inheritance tax, but as the trust Ms Coulter chose was Jersey-based it did not qualify for this exemption.
10/17/2019
The cost consequences of not expressly marking correspondence "Without prejudice"
The decision would be considered persuasive authority in other common law jurisdictions, such as the Cayman Islands and is not likely to be considered limited to arbitration but to apply in Court proceedings also.
10/17/2019
CySEC issues response to ESMA Opinion on national restrictions on CFDs
CySEC firmly believes its approach is justified and proportionate and will provide to the residents of the specific Member States the same level of protection afforded to them by the measures introduced by the NCA of their respective Member State.
10/17/2019
The impact of economic substance rules on family offices in the Channel Islands
The rules will only apply to family offices with Guernsey- or Jersey-based companies whose activities fall into one of the nine statutory categories ("relevant activities").
10/17/2019
Can Westminster Parliament legislate for Jersey without its consent?
The precise nature of those limits has never been fully tested and determined, and involves over eighthundred years of constitutional history.
10/17/2019
FCA targets climate change and green finance transparency with new guidelines
The Statement identifies a number of priorities, which will provide a foundation for the FCA’s future work on climate change and green finance.
10/17/2019
Economic Secretary speech on illicit finance
I believe the UK’s Economic Crime Plan gives us the basis to do just that
10/17/2019
Charity Commission releases report on whistle blowing disclosures made in 2018-2019
The top three subjects of disclosures concerned: safeguarding, governance and fraud/money laundering.