08/23/2019
FCA warns on 'unacceptable' advertising by CMCs
‘Firms should also understand that we will take their compliance with our rules on financial promotions into account when considering applications for full authorisation.’
Legal, Regulation & Compliance
08/22/2019
Fund rebates ruling against Hargreaves pits HMRC against FCA
The ‘alphabet soup’ of superclean share classes set to continue under court decision
08/22/2019
Danish regulator prepares report for police on Danske overcharging
The FSA said in June it was investigating the bank for failing to inform customers that it expected a poor performance from its Flexinvest Fri investment product, and for continuing to sell it to new customers.
08/22/2019
Norway watchdog finds DNB failed to comply with anti-money laundering rules
The FSA found improvements had been made since an earlier review in 2016 by DNB, the Nordic region’s biggest bank by market value, but said the lender still had significant shortcomings and had taken too long to start to rectify earlier problems.
08/22/2019
Barclays current account customers hit by most internet banking incidents
Rules require banks to report incidents to the regulator if they meet certain criteria
08/22/2019
Warning over fraudsters targeting SVS clients
Now clients of SVS have been warned a fraudulent letter is circulating claiming to be from the company's special administrators.
08/22/2019
Maltese regulator to limit CFDs harm to retail investors
After Esma’s temporary restrictions on sale of contracts for difference
08/22/2019
Invesco faces £5m court battle with Dutch platform provider
Invesco and Dutch platform business Ohpen have been referred to mediation in a last ditch attempt to avert a £5 million law suit.
08/22/2019
ECB revises supervisory expectations for prudential provisioning for new non-performing loans to account for new EU regulation
All other aspects, including specific circumstances, which may make prudential provisioning expectations inappropriate for a specific portfolio/exposure, remain as described in the Addendum.
08/21/2019
Rabobank to Stop Working with Football Clubs over Money Laundering Fears: Report
Rabobank refused to respond to the newspaper's questions about individual clubs.
08/21/2019
Brexit - 31 October 2019 Free movement at a cliff edge.
The UK’s border’s won’t close on 1 November, because European citizens will still be able to enter the UK without a visa for up to three months
08/21/2019
Brexit and EEA citizens – how to stay in the UK
The Scheme should run in tandem with the existing rules on Permanent Residence until then.
08/21/2019
GDPR one year on: what have we learnt?
GDPR has not gone un-noticed outside Europe, with Brazil, Japan and India all introducing privacy legislation aligned to GDPR, and California became the first US state to introduce a general data privacy law with the California Consumer Privacy Act emergi
08/21/2019
Chancellor accelerates Brexit preparations for businesses
Chancellor announces new plans to help businesses that trade with Europe prepare for October 31
08/21/2019
Luxembourg Publishes Draft Law on DAC 6
This directive is the latest effort by the EU to increase tax transparency and information exchange.
08/21/2019
Appleby Helps Over 1,500 Clients With Economic Substance Tool
We pride ourselves in providing comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients
08/21/2019
Accredited announces two new program underwriting partnerships
Accredited Europe has also extended its program underwriting partnership with First Underwriting Limited
08/20/2019
Germany's central bank just warned a recession could be coming. Its government is prepared to spend $55 billion to fight it.
Finance minister Olaf Scholz is prepared to inject 50 billion euros ($US55 billion), the cost of the last economic crisis to strike Germany.
08/20/2019
Luxembourg’s Transitional Regime For UK Firms In ‘Hard Brexit’ Scenario
Many UK firms currently carry on cross-border services in Luxembourg in reliance on an EU financial services passport
08/20/2019
Corporate Transparency Advances in Three Nations, More Tortoise than Hare
Rather than operating as a passive recipient of data