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Legal, Regulation & Compliance

05/28/2024

Labour has opportunity to drastically improve British ISA if it comes to power

The ISA is a simple idea, a tax efficient place to grow your wealth, however, with various additions over the years it has now become a confusing area of personal finance.

05/24/2024

Financial services sector reacts as PM Rishi Sunak calls general election

Sunak’s announcement coincides with the news that inflation has fallen to 2.3%, moving closer to the Bank of England’s target of 2%.

05/24/2024

FCA fines HSBC £6.2 million over treatment of customers in financial difficulty

The failings were caused by deficiencies in HSBC’s policies and procedures and the training of their staff, as well as inadequate measures to identify and address instances of unfair customer treatment.

05/24/2024

FCA publishes Decision Notices against two individuals for acting without integrity in relation to pensions business

The portfolios were created and managed by Mr Goodchild at Westbury, with 39% of overall holdings linked to a single offshore property developer.

05/24/2024

Firms to recommence GAP insurance sales following FCA action

Firms that have resumed sales of GAP insurance have done so with materially lower levels of commission being paid out to those selling GAP, improving value for customers.

05/24/2024

Navigating NPPR Processes in the EU: Insights from Luxembourg, the Netherlands, and Ireland

In this article, we provide an overview of the NPPR processes in Luxembourg, the Netherlands, and Ireland.

05/23/2024

The PRA’s approach to the authorisation and supervision of insurance branches

Policy statement 8/24

05/22/2024

Banking giant Citi fined £62m by UK watchdogs

Meanwhile, the Financial Conduct Authority handed out a £27.8m penalty

05/21/2024

Isle of Man considers change of policy on family offices

The call for input will lead to further research on the available options, which will form the content of a further consultation paper or discussion paper in due course.

05/21/2024

'Faked Satoshi ' Craig Wright Lied About Inventing Bitcoin: Judge Rules

A group of crypto firms brought the civil trial, the Crypto Open Patent Alliance (COPA), that sought to prevent Wright from claiming he invented Bitcoin.

05/21/2024

SureVu: Your Shield Against the Menace of Failed Trades in the Era of CSDR's Settlement Discipline Regime

The consequences of failing trades are not limited to financial losses; they extend to the credibility and professionalism of an asset management firm.

05/21/2024

Man sentenced over £19m unauthorised investment scheme

The FCA said Flintham lied about how the scheme was operated and the profits that he was making for his investors.

05/21/2024

Getting into the ‘grey divorce’ market

When divorcing later in life, a fair deal is more important than ever — with an adviser involved from the start

05/20/2024

Guy Flintham sentenced to 6 years for fraud over unauthorised investment scheme

On 19 February 2024, Mr Flintham pleaded guilty to fraud by false representation, following a prosecution brought by the FCA.

05/20/2024

FCA publishes details of common application shortcomings for prospective asset managers

The FCA identified a number of common errors that applicants should avoid when applying for authorisation for asset management activities.

05/20/2024

Doyle’s Guides: Payne Hicks Beach Family Team and lawyers listed the Leading London Family Law Indices 2024

Baroness Shackleton is awarded top rankings in two categories: Doyle’s Leading Family & Divorce Lawyers – London, 2024 and Doyle’s Leading High Net Worth Family Lawyers – London, 2024.

05/17/2024

Impending pension changes the hot topic at II Connect 2024 – The UAP Group

This session promises to be “both revealing and informative”

05/17/2024

Reed Smith advises Fasanara Capital on groundbreaking private credit on-chain securitisation

The real-world assets will then be used as collateral for a token issuance by the Luxembourg SPV to accredited investors in the UK and the U.S.

05/16/2024

Rules of conduct under FinSA: FINMA launches consultation on new circular

The Financial Services Act (FinSA) has been in force since the beginning of 2020.

05/16/2024

Three charged over CFD trading pension fraud

CFDs are a high-risk investment product used to bet on the price of an asset.

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