08/16/2018
AIFMD – The New Normal
Subject to the NPPRs in place in each European Member State, private placement is available to Non-European AIFMs marketing AIFs, both European and non-European AIFs.
Legal, Regulation & Compliance
08/16/2018
Andrew Lloyd Webber joins 500 Ingenious clients in £200m lawsuit
Both HMRC and Ingenious claimed victory in a four year court battle in 2016
08/16/2018
Creechurch whistleblower awarded record compensation
In a rare move, the decision about the wealth manager has been removed from the official IoM website
08/15/2018
UK banks under pressure to improve downtime reporting under new FCA rules
FCA put forward the notion of introducing a requirement that banks must publish
08/15/2018
Companies should act on Luxembourg corporate law reforms before deadline
The reforms affect voting rights, share issuance to employees and directors, requirements for AGMs and meetings by email and videoconferencing.
08/15/2018
FCA quizzes asset managers on market abuse controls
Questionnaires sent to firms
08/15/2018
European banks’ exposure to Turkey
Spanish, Italian, French and UK banks are most exposed to Turkey’s free-falling currency
08/15/2018
Central Bank of Cyprus suspends subsidiaries of two Russian banks
The CBC issued two notices today (August 14) placing severe restrictions on the Cyprus branches of Promsvyazbank and Avtovazbank.
08/15/2018
Danske Bank has lost 28,000 private customers this year - polling firm
The bank has launched its own investigation into the allegations and will present its findings in September.
08/15/2018
Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct
The Justice Department said that RBS disputes the allegations and does not admit wrongdoing, although the bank said in a statement it was happy to move on.
08/15/2018
FCA orders firm to cease regulated business
The FCA has not revealed why this restriction was imposed, and the Financial Ombudsman Service has had only one complaint against it, dating back to 2015, which was not upheld.
08/14/2018
Bankers, Celebrities Sue Over Film Deals Turned Tax Avoidance
The U.K. government has cracked down on the misuse of movie tax breaks in recent years.
08/14/2018
UK committee opens inquiry into relationship with OTs
The Overseas Territories have a special place in our constitution.
08/13/2018
Ex Dundee bank employee who conned Lloyds out of £5,700 rumbled by Facebook holiday pictures
Fiscal depute Laura Bruce told the court Fraser had exploited a loophole he had discovered while working at the Bank of Scotland call centre in Dundee to claim money back from several transactions.
08/13/2018
UK financial watchdog opens record number of cases
FCA workload focuses on financial crime, governance and culture problems
08/13/2018
Mifid II costs weigh on advisers
Mifid ll is leading advisers to take a closer look at the basic economics of their businesses.
08/10/2018
FCA warns of crypto clone firms
The warnings stated that the real, FCA authorised firms have no association with the clone companies.
08/10/2018
House of Fraser appoints administrators
The British retailer said that the business would continue trading, while administrators Ernst & Young would attempt to complete a sale.
08/10/2018
EU citizenship by investment schemes a security threat
‘The EU must not become a safe haven for criminals, corruption and dirty money’
08/09/2018
FCA cancels permissions for three firms
THIL "failed to pay the overdue balance and it has not been open and cooperative