09/30/2019
Britain to introduce a Magnitsky law after Brexit: foreign minister
Magnitsky died in a Moscow prison in 2009 after complaining of mistreatment.
Legal, Regulation & Compliance
09/30/2019
Prudential fined £23.8m for annuity sales
The Financial Conduct Authority has today fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of annuities.
09/30/2019
Barclays Agrees to Pay $6.3 Million in Asian Hiring Case
Barclays violated the Foreign Corrupt Practices Act by using employment at the bank to influence deal making, and failed to maintain a system of internal controls around hiring, the SEC said.
09/30/2019
FCA tightens liquidity rules for open-ended funds
The new rules apply to these funds, known as non-UCITS retail schemes (NURSs), but will not apply to other types of fund, such as UCITS, which are already subject to restrictions relating to such assets.
09/30/2019
Firms face 'grey areas' as value for money rules come into force
Asset managers required to publish annual value statements
09/30/2019
Firms face 'grey areas' as value for money rules come into force
Firms face 'grey areas' as value for money rules come into force
09/29/2019
Reform of Ireland's investment limited partnership laws moves to next stage
The bill is designed to modernise the Investment Limited Partnership Act, which was first introduced in 1994
09/29/2019
German watchdogs to adopt common GDPR fines policy
Data protection law expert Ruth Maria Bousonville of Pinsent Masons, the law firm behind Out-Law, said recent fines issued by the Berlin commissioner for data protection and freedom of information are in line with the approach
09/29/2019
Central Bank of Ireland issues year-end deadlines for funds
Individual questionnaires relating to qualifying investor alternative investment funds must be received by the CBI by 5pm on 2 December.
09/27/2019
Charging Infrastructure Investment Fund
The fund aims to catalyse the rollout of electric vehicle charging infrastructure that is required to support the electrification of vehicles.
09/27/2019
Harrods shopper at centre of 'McMafia' court case escapes extradition to Azerbaijan
Zamira Hajiyeva would not get fair trial in home country, lawyers say
09/27/2019
Banks slammed for refusing to hand back millions to fraud victims
This is much higher than the £92.9million lost in the first half of 2018, although UK Finance says the figures aren't comparable as more banks have started reporting fraud cases while an increasing number of customers are doing the same.
09/27/2019
LSB establishes CRM Code Advisory Group
The Advisory Group will challenge and support LSB in overseeing the Code
09/27/2019
EU Exit: FCA extends duration of TTP directions
The FCA does not expect to make significant changes to the draft directions in advance of exit day
09/27/2019
Dutch ABN Amro faces money laundering investigation, shares tumble
The bank was notified of the investigation on Wednesday but was not given further details on the scale of inquiry, said ABN spokesman Jeroen van Maarschalkerweerd.
09/27/2019
Nine Appleby Offices Recognised in IFLR 1000 Guide
Nine of Appleby’s offices have achieved Tier 1 and Tier 2 status in the latest IFLR1000 rankings.
09/27/2019
Carey Olsen continues to lead offshore market in Legal 500 UK rankings
Carey Olsen has secured a clean sweep of Tier One rankings across nine practice areas in Guernsey, along with nine Tier One rankings in Jersey
09/26/2019
Insurance risk management in a changing world Speech given by Charlotte Gerken
The world in which insurers operate continues to shift.
09/26/2019
German consumers more keen to spend after ECB rate cut - GfK survey
Household spending has become an important pillar of support in Germany as its exports falter.
09/26/2019
UK Draft Bill Addresses Criminal Money Laundering Through Overseas Entities
This was based on the fact that companies may not know whether or not they constitute legal entities for the purposes of the ROE Bill.