04/01/2019
Australian banks have fingers crossed for a Brexit delay
ANZ Banking Group is relying on existing European branches and licences.
Legal, Regulation & Compliance
04/01/2019
UK’s top fraud prosecutor backs U.S.-style plea bargaining deals
Retailer Tesco and aero-engines group Rolls-Royce agreed DPAs with the SFO in 2017
04/01/2019
Guernsey reopens investment talks with EIF
The EIF is a specialist provider of risk finance for small and medium-sized enterprises across Europe, backed by the European Investment Bank, European Union and a range of public and private banks and finance institutions.
04/01/2019
Ogier's Guernsey team advises Baillie Gifford on US$477 million Schiehallion launch
The team – which included associate Gabrielle Saul – advised alongside accountants and auditors KPMG, administrators Alter Domus and onshore lead counsel Herbert Smith Freehills LLP.
04/01/2019
European Investment Fund able to invest into Guernsey again
The move will be welcomed by the Guernsey funds industry.
04/01/2019
Guernsey introduces world's first ILS hybrid vehicle
Guernsey Finance Chief Executive Dominic Wheatley welcomed the introduction of the new vehicle
04/01/2019
Hundreds of CMCs register for FCA authorisation
The City watchdog warned it will use a range of powers if authorised CMCs do not comply with its rules
04/01/2019
Between a Legal "Rock" and a "Compliance Hard Place"?
ICO fines Grove Pension Solutions Ltd (Grove) £40,000 for sending almost 2million spam emails
04/01/2019
Private mergers and acquisitions in the Isle of Man: overview
First published in the Thomson Reuters Practical Law Private Mergers and Acquisitions Global Guide 2019
03/31/2019
European Investment Fund able to invest into Guernsey again
Confirmation earlier this month that the island’s legal substance requirements were considered compliant with EU requirements, has meant that the European Investment Fund is once again permitted to invest into Guernsey funds.
03/31/2019
Brexit: the FCA confirms final rules for firms
The FCA has also confirmed it has extended the notification window for firms who wish to enter the TPR until the end of 11 April 2019.
03/31/2019
FCA and SEC sign updated supervisory cooperation arrangements
These MOUs will come into force on the date EU legislation ceases to have direct effect in the United Kingdom.
03/31/2019
Brexit: SRB expectations
Banks are expected to engage in a dialogue with the SRB on their MREL issuance planning
03/31/2019
Justices clarify—and potentially expand—securities fraud liability for persons who participate in distributing false statements
The Supreme Court granted certiorari to address only whether someone who is not a “maker” can be found to have violated the other subsections of Rule 10b-5
03/29/2019
EU demands members ‘phase out’ golden visas
The schemes jeopardise and pose security risks to the bloc, European Commission says EmailFacebookTwitterLinkedInPrint
03/29/2019
ESMA fines CRAs for failing to comply with CRAR requirements
ESMA has also issued supervisory measures against the three CRAs, in the form of public notices
03/29/2019
EP adopts its position on EU rules on crowdfunding platforms
Scope of the Regulation extended to include crowdfunding offers up to EUR 8 000 000
03/29/2019
Corporate Taxation in the Global Economy By Christine Lagarde
The current international corporate tax architecture is fundamentally out of date.
03/29/2019
Financial firms must address sexual harassment 'cultural failings'
Tackling sexual harassment within the financial services industry will require cultural change from firms, from senior leadership down, an expert has said.
03/29/2019
Ex-Barclays man found guilty of rate-rigging
The Serious Fraud Office brought the prosecution at Southwark Crown Court.