05/22/2018
FCA: robo failing on suitability and clear charging
It added that some firms did not ask about clients knowledge and experience at all, falling foul of rules about on discovery.
Legal, Regulation & Compliance
05/22/2018
Seizing the GDPR Advantage: From mandate to high-value opportunity
Look beyond the compliance side of the GDPR
05/22/2018
Nizar Al-Bassam Sues Deutsche Bank Over $4.7 Million Bonus
Banker says deferred compensation withheld after hiring probe
05/22/2018
Carey Olsen support Techemy Capital on ICO-focussed investment fund
The fund, which has been authorised under the Jersey Private Fund regime, has appointed Techemy Capital Limited as investment adviser and will invest in cryptographic token deal flow.
05/21/2018
Hawksford update on new fiscal rules introduced by HMRC
A careful review will need to be made of all structures with a UK connection and a UK tax filing requirement. It may also be necessary to revisit the original tax advice received as any errors or omissions will also be caught within these new rules.
05/21/2018
Mifid reforms spur companies seeking investors to bypass brokers
Requirement to charge for arranging ‘access’ leads some to ditch middlemen
05/21/2018
Rathbones ordered to compensate client for investment breach
In March 2017, Mr and Mrs B made official complaints to both their IFA and Rathbones.
05/21/2018
Crown Court dismisses Barclays Qatar charges
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014
05/21/2018
Russian dirty money entering UK through BOTs, report says
To combat this corruption, the report says the UK Government must show stronger political leadership in ending the flow of dirty money into the UK.
05/21/2018
FCA bans adviser who used client cash to buy a business
The Financial Conduct Authority has today published a Decision Notice, which sets out its decision to ban Darren Lee Newton from working in any regulated activity in the financial services sector.
05/21/2018
Linklaters becomes first magic circle firm to secure Chinese law capability
Linklaters China head William Liu said: “Market shifts indicate that outbound work and high-end domestic transactions will become ever more important for our business.
05/18/2018
Ex-Barclays trader tells court being a bank VP is like working at McDonald's
Four former Barclays bankers and one Deutsche Bank employee each face one charge of conspiracy to defraud by dishonestly manipulating Brussels-based Euribor rates between 2005 and 2009.
05/18/2018
EU to start Iran sanctions blocking law process on Friday
EU launching the process to activate the ‘blocking statute’ from 1996, on Friday morning at 10:30: Jean-Claude Juncker
05/18/2018
The insurance distribution directive and its consequences for the Luxembourg life insurance industry by Ogier
The aims and potential consequences of this overwhelming EU legislation on the insurance sector have been already presented and commented by many authors.
05/18/2018
Award Winners — Lawyers & Law Firms
Firm of the Year 2018: Hogan Lovells
05/18/2018
Panel for landmark probe into UK accounting watchdog named
The investment industry is heavily represented on the panel
05/18/2018
Six steps to fend off ‘failure to prevent’ tax evasion charges
A law firm outlines how financial advice firms can protect themselves from the criminal offence of failing to prevent tax evasion.
05/18/2018
Worrying rise in criminal and civil penalties aimed at advisers
Giving “anything but ‘vanilla’ tax planning is becoming dangerous for advisers”, as they face a rise in civil and criminal penalties aimed preventing tax evasion, James Quarmby, private client partner at Stephenson Harwood has warn
05/18/2018
FCA chief details business plan to boost fintech and innovation
Particularly exciting over the coming months will be our work with fellow regulators on a blueprint of the global sandbox – in which innovative firms can test in multiple jurisdiction, minimising time to market.
05/17/2018
FCA boss warns of data rules impact
He warned of the fact that many consumers don't understand the value of their personal data and do not really provide informed consent when they pass their data on to a company.