09/16/2019
Brussels eases off on plans to rewrite fiscal rule book
Eurozone finance ministers at odds on how to make framework simpler
Legal, Regulation & Compliance
09/16/2019
Central banks to grill Facebook over Libra
Regulators will question representatives of digital currency over threat to financial stability
09/16/2019
Resident Money Market and Investment Funds return
The MMIF requirement for more detailed data and a tighter reporting timeline has, however, introduced new challenges to fund administrators.
09/16/2019
FCA and Hong Kong SFC – Addendum to MoU on funds recognition
To ensure that the UK-Hong Kong mutual recognition of funds arrangement will continue to operate in a smooth manner after the withdrawal of the UK from the EU, the parties have agreed to enter into this Addendum to reflect consequential amendments to the
09/16/2019
PRA policy statement on supervision of international banks
The PRA received six responses to the consultation, including one from a trade association.
09/16/2019
Accountants are ‘turning a blind eye to dirty money’
A former homicide and anti-terror detective in Northern Ireland, she has come to the job with a fresh eye to “turn up the dial” against fraud which she admits has previously not been prioritised by police and wrongly portrayed as a “vict
09/16/2019
ESA report on financial risks and vulnerabilities
In light of the ongoing uncertainties, especially those around Brexit, supervisory vigilance and cooperation across all sectors remains key.
09/16/2019
Managers hoping regulators tackle problems with MiFID II
Aside from having to unbundle investment research, MiFID II required financial services firms — money managers, brokers and market makers — to improve how they execute trades to best protect the interests of their investors and share the infor
09/16/2019
Intrinsic to pay out over trio of Harlequin Fos cases
The scheme is now under investigation by the Serious Fraud Office and, as a result of mis-selling, the scheme’s boss is set to stand trial for three counts of fraud in 2019.
09/16/2019
EPC increases maximum amount per SCT Inst transaction to €100,000
This document is referred to in section 2.5 of the SCT Inst rulebook and forms a binding supplement to the SCT Inst rulebook.
09/16/2019
Footballer Carjacking Attempt Reveals Threat to London's Super-Rich
That incident followed the attempted carjacking by an armed gang with mopeds when the two men were traveling together.
09/15/2019
FCA: Firms need to register for Connect to update their firm details
This will be a requirement from January 2020, so we suggest you register now in preparation.
09/15/2019
Central Bank of Ireland publishes consultation paper on errors in investment funds
Central Bank Publishes Consultation Paper on Treatment, Correction and Redress of Errors in Investment Funds.
09/13/2019
Moneyval: Malta must step up investigation and prosecution of money laundering
Council of Europe: Malta should step up its efforts to investigate and prosecute money laundering as well as to strengthen its supervisory system
09/13/2019
Luxembourg Falls Further Behind EU AML Rules As Companies Fail To Disclose Ownership
Luxembourg has approved a further delay for companies to register their beneficial ownership details after 53% of affected entities failed to meet the original deadline.
09/13/2019
HMRC faces legal fight for handing Britons' data to US tax officials
Case may have implications for British citizens born in US, who risk having accounts frozen
09/13/2019
Changes to reporting by Financial Counterparties under EMIR
This new regulation, which is known as both ‘EMIR Refit’ and ‘EMIR 2.1’, came into effect on 17 June 2019.
09/13/2019
London’s High Court freezes Maltese passport buyer's assets
Russian Billionaire is facing $1.3bn lawsuit
09/13/2019
Withers succeeds in clearing client in five year regulatory investigation
Mr Tinney was cleared by the Upper Tribunal of misleading the regulator and the New York Fed, and he is permitted to work again for any bank or other financial services institution in any role, including a senior management role.
09/13/2019
New guidelines on tax exemptions for investments in Italian real estate funds
A preliminary analysis of the investment scheme and of the entities involved for Italian tax purposes is crucial at the investment planning and structuring stage.