03/21/2019
Liberty confirms new headquarters in Luxembourg ahead of Brexit
The Luxembourg-based company will be led by Dirk Billemon, LMIE’s General Manager.
Legal, Regulation & Compliance
03/21/2019
Why asset managers may have trimmed more than their waistlines this January
Now that the dust is settling they are in prime position to start making some changes.
03/20/2019
FEIFA reports membership growth of 10% since start of 2019
FEIFA is a non-profit trade association that supports and assists English-speaking advisers and advisory firms across Europe.
03/20/2019
FCA fines UBS AG £27.6 million for transaction reporting failures
UBS AG (UBS) has been fined £27,599,400 by the Financial Conduct Authority (FCA) for failings relating to 135.8 million transaction reports between November 2007 and May 2017.
03/20/2019
FCA statement on share trading obligations
ESMA’s stated goal has been to provide as much certainty as possible and to mitigate potential adverse effects of a trading obligation in these circumstances.
03/20/2019
Jersey substance proposals – the Banking and Finance perspective
Following approval of the Law, further Guidance Notes about the practical implications of the Law are expected shortly.
03/20/2019
Andersen Global Adds Collaborating Firm in Romania
In addition, Ţuca Zbârcea & Asociaţii set up Foreign Desks – China Desk, Israel Desk, Moldovan Desk – to address the growing needs of foreign investors looking to enter the Romanian market.
03/20/2019
Arki Busson’s hedge fund gives up Swiss licence and cuts jobs
LumX had already been slimming down following years of losses
03/20/2019
SimplyBiz launches lasting power of attorney referrals
Traditionally viewed as a later life concern, there is growing awareness that mental and physical incapacity can, sadly, strike at any point of a client's life.
03/20/2019
Fund migration boosts Guernsey’s standing in LSE listings
Carey Olsen advises more LSE-listed clients than any other offshore law firm.
03/20/2019
SimplyBiz to buy fintech platform
Following the acquisition, Defaqto will remain operating as an independent business within the Group out of its offices in Haddenham, Buckinghamshire.
03/20/2019
ING Italy investigated over alleged money laundering - source
Those being investigated by Milan prosecutors were carried out using various online accounts
03/20/2019
MiFID II Research Unbundling: A Survey Yielding Mixed Results
MiFID II required brokers to provide a price for research that was separate from execution services, which in turn would force investment managers to decide whether to pass this cost onto clients or to absorb it.
03/20/2019
How to protect a business from the threat of divorce
This focus on the future will cause many couples to consider their marriage and finally decide there is nothing left to do; all avenues of reconciliation have been exhausted.
03/20/2019
Basel III monitoring results published by the Basel Committee
Data are provided for a total of 189 banks, including 106 large internationally active banks.
03/19/2019
Cyprus gives expats more time to sort out post-Brexit residency status
Around 70,000 British expats live in Cyprus, although this includes many who live on the island for only part of the year.
03/19/2019
UK lawmakers join fight for expats scammed by PremierFX in Portugal
The FCA said that it is continuing to investigate the business undertaken by Premier FX to determine whether any individuals may have broken the law and whether any money can be returned to customers of the firm.
03/19/2019
HMRC targets accountants over tax evading clients
They are the starting point for HMRC to kick off an investigation and any evidence obtained can lead to a criminal prosecution.
03/19/2019
Disclosure requirement for asset owners, money managers approved by EU
This latest version of the disclosure regulation, which was approved by the EU institutions on March 7
03/19/2019
Danske Bank Is Still ‘Working Intensively’ to Try to Find a CEO
Chairman Karsten Dybvad said Danske is “working intensively” on finding someone to run the bank long-term, as he addressed shareholders at an annual general meeting in Copenhagen on Monday.