06/15/2018
FCA: List of cooperation agreements under MiFID II
The list can be used by firms to assess their compliance with the MiFID Org Regulation.
Legal, Regulation & Compliance
06/15/2018
New Legislation impacts Offshore Property Companies
By this year, these punishing levies have reached 15% per annum, costing owners tens of thousands of Euros annually.
06/15/2018
Treasury Committee speech: Priorities, digitalisation, FinTech
They want their money to be safe. They want savings, investments and other financial products that meet their needs. And they don’t want their taxes used to prop up failing institutions.
06/15/2018
Stone King opens a Birmingham office
The new office is a key step in the firm’s strategy to provide its national education expertise on a local basis, alongside its offices in Bath, Cambridge, Leeds and London.
06/15/2018
Wealth management boss charged with fraud
An FCA and City of London police statement says the parties are working closely on the investigation, and customers should contact police if they have any concerns on the status of their investments.
06/15/2018
Kinstellar picks up two CEE Legal Matters Deal of the Year awards
CEE Legal Matters is a print and online publication for and about lawyers interested in and/or working in Europe's emerging markets.
06/15/2018
Don’t forget Malta's UBO deadline
Maltese-registered companies are running out of time to submit the necessary information about their ultimate beneficial owners without incurring a penalty.
06/14/2018
Testing times: Trading systems are out of sync with new regulations
No one likes to talk about the IT infrastructure challenges at a bank – it would be a long conversation and largely focused on the amount of work to do.
06/14/2018
Collas Crill advises on London property buy
The deal was led by group partner Paul Wilkes, assisted by senior associate Tristan Ozanne and associate Michael Lyner.
06/14/2018
FCA's Connaught review pushed back
The fund, which is now in liquidation, was an unregulated collective investment scheme which Capita ran from March 2008, providing short term bridging finance to commercial operators in the UK property market.
06/14/2018
Old Mutual boss: More businesses like ours will break up
He says: “Old Mutual is not the only global financial services business thinking about restructuring. I suspect we will see more.
06/13/2018
France orders banks to raise capital buffers to manage risks
The measure is expected to enable the banks to have adequate capital to address any potential economic downturn in the future and cover up bad loans.
06/13/2018
British overseas territories in talks to keep tax haven secrecy
UK plan to impose public registers of share ownership sparked protests and calls for constitutional separation
06/13/2018
High Court applies SAAMCO principle to find no assumption of responsibility for losses flowing from market forces
This can considerably reduce the scope for litigation, as relying upon the SAAMCO principle to limit liability should be a solution of last resort.
06/13/2018
High Court Rejects the First IRHP Mis-Selling Claim Brought by Private Persons Under Section 138D FSMA
The court therefore held that the bank would not have been able to rely upon the basis clause if it had in fact given advice.
06/13/2018
British Overseas Territories in London to fight public register
While the meetings are meant to focus on Brexit, the decision to impose public registers of beneficial ownership on overseas territories is set to be a major part of the agenda.
06/13/2018
FCA looks to soften Mifid II fallout
Bailey said the FCA is currently analysing how costs and charges disclosure reforms were working.
06/13/2018
How these regulation experts are preparing for a new era
A wave of regulatory change is hitting the financial services sector, with Mifid II, GDPR, the SMCR and Brexit all shaking things up. Tim Cooper discovers how PA Consulting Group’s David Biggin and Mike Teall are preparing for this new era. Sponsore
06/12/2018
Ranger Direct Lending agrees to wind up after Ares flees
Oaktree is preparing to publish its fifth open letter to shareholders in the £128 million investment company to press home its advantage and argue its case.
06/12/2018
A helping hand for the invisible hand: the FCA’s approach to competition and innovation
This competition objective is focused on improving the process of rivalry between firms, rather than improving the competitiveness of any one firm in particular.