01/29/2018
Register of ultimate beneficial owners in the Czech Republic
Beneficial owner shall be registered until January 1st, 2019
Legal, Regulation & Compliance
01/29/2018
KPMG's Audits of Carillion to Be Investigated: UK Watchdog
The investigation will be conducted as quickly and thoroughly as possible
01/29/2018
US files 'spoofing' charges against UBS, HSBC and Deutsche Bank
Deutsche Bank and UBS have agreed to pay $30m and $15m respectively to settle the civil charges in the case
01/29/2018
Endowment and whole-of-life policyholders could lose £841m
The Treasury is introducing a stealth tax this month that could affect 11.6 million savers.
01/29/2018
Isle of Man cracks down on unlicenced activity
The Isle of Man Financial Services Authority is taking a “proactive initiative” to clamp down on financial services professionals conducting regulated activities without a licence.
01/29/2018
BBC, Guardian Can't Move Suit Over Paradise Papers Leak
High Court of the Chancery Justice Vivien Rose denied the media companies’ joint request to move the case from the Chancery Division’s business list
01/28/2018
Pilatus Bank hits back, accuses MEPs of ‘erroneous statements’
Bank says it did not have dealings with Panama companies
01/28/2018
From gobbledygook to Latin: how new EU rules make it harder for investors to understand charges
Whenever fund managers buy or sell a share, they incur transaction costs such as stockbrokers’ commission.
01/28/2018
Mystery surrounds €1.45m ‘sale’ of celebrity lawyer’s mansion
“I’m not selling my home any more,”
01/26/2018
Irish banks set to tackle sour loans through securitisation
DBRS expects three likely loan securitisations in Ireland this year, worth a total of between €600m and €900m.
01/26/2018
FCA enforcement action: market abuse controls
The FCA has therefore fined IBUK £1,049,412.
01/26/2018
Solvency II: EIOPA report on the application of group supervision
EIOPA highlights as an important practical limitation the consistency between the definition of a group and the scope of supervisory powers.
01/26/2018
Appleby advise Tritax Big Box REIT
The transaction is an excellent example of Appleby’s local expertise and transactional support provided by our pragmatic, client-centric and solution driven Crown Dependencies team.
01/26/2018
The FCA has published decision notices against a firm and its chief executive
These Decision Notices are therefore provisional (so far as they refer to OIL) in light of the challenge being made in the Tribunal by OIL as a third party.
01/25/2018
EBA announces launch of 2018 EU-wide stress test
Herbert Smith Freehills - Financial regulation update
01/25/2018
Developments with the UK Trusts Register and offshore implications
"Regulation is changing every year, and understanding and anticipating how it will develop is becoming ever more crucial from a planning perspective."
01/25/2018
Investors eye trading gold in Mifid II overhaul
An expected cut in sellside analysts and new data offer potential opportunities
01/25/2018
EU regulators provide guidance for digital 'on-boarding' by financial firms
Financial firms should consider requiring customers to provide proof of identity from documentation containing "high security features or biometric data", such as passports, to ensure that digital-only 'on boarding' processes comply wi
01/25/2018
New report assesses structural change in global banking - BIS
The decline in bank return-on-equity from historically high pre-crisis rates partly reflects lower leverage and risk-taking, but also sluggish revenues and high costs.
01/25/2018
European Central Bank keeps policy on hold as economy grows
The end of the stimulus will eventually have wide-ranging effects for many people.