09/27/2017
Herbert Smith Freehills - Financial regulation update
CMA final report and FCA response on DCT market study
Legal, Regulation & Compliance
09/27/2017
UK ombudsman backs complaint after pension fund falls 50%
Britain's Financial Ombudsman Service (FOS) has found in favour of a former client of PFP Wealth Management after funds it chose for his pension slumped nearly 50% in the first year.
09/27/2017
Are ‘deputies’ the new guardians of private wealth?
The added pressure of having to apply to court in order to deal with pressing financial matters will intensify the ordeal.
09/27/2017
Prosecutors search UBS subsidiary in Germany: bank
The spokesman for UBS-Europe confirmed the information reported by a German business magazine, which also reported that the homes of some 2,000 customers of the bank were also being searched.
09/27/2017
Fund distribution and investment sub-advisory in Europe to transform rapidly after MiFID II
During 2016, sub-advised funds captured a remarkable 32 per cent of total inflows into actively-managed funds.
09/27/2017
Regulation: Embracing the FCA’s competition agenda
The FCA’s competition lens is now firmly fixed on the investment management space
09/27/2017
UK: FCA Confirms 'Slippage' Pension Transaction Costs Reporting Method
Pensions expert Tom Barton of Pinsent Masons, the law firm behind Out-Law.com, described the new requirement as "another important step in the development of the charges and governance regime for DC [defined contribution] pension schemes".
09/27/2017
Ex-Barclays banker Boath pay row set to restart
The pay dispute is due to be heard at the East London employment tribunal on October 11-13, according to schedule details released on Wednesday.
09/26/2017
Herbert Smith Freehills - Financial regulation update
FCA PS and CP on IDD implementation
09/26/2017
Tax Havens Eye a New Sideline: Initial Coin Offerings
According to Josh Klayman, an attorney at New York office of Morrison Foerester, Gibraltar is positioning itself to be an attractive destination for upcoming ICOs.
09/25/2017
Gibraltar to Develop “Complementary” ICO Regulations
Tokens vary widely in design and purpose.
09/25/2017
Vatican says it axed chief auditor for spying
Libero Milone had accused the Vatican of getting rid of him because his investigations into possible illegal activity had hit too close to home
09/25/2017
Divorce and Family Trusts: Three lines of attack and how to shut them down
A properly drafted and administered trust is an effective asset protection vehicle.
09/25/2017
Prosecutor wants to discover trail of €10bn that went offshore
The statistics were only published again on the finance department portal following a decision by the current secretary of state of tax affairs after the ministry detected a total of about €10 billion.
09/22/2017
Asset managers must beef up cyber security defences
The price tumble indicates they were surprised by the latest hack.
09/22/2017
A trust, a Swiss bank and three absent beneficiaries: court case raises questions about dormant accounts
Worldwide, he told the court, there are “tens of billions” of dollars in dormant accounts which often come to light only when banks merge or wind down parts of their operations.
09/21/2017
Herbert Smith Freehills - Financial regulation update
FCA policy statement on transaction cost disclosure in workplace pensions
09/21/2017
GDPR - Should you be worried?
The legislation is known as the General Data Protection Regulation … GDPR for short.
09/21/2017
Hong Kong and UK regulators join forces on fintech
The IA will consider signing similar cooperation agreements with insurance regulators in other jurisdictions.
09/21/2017
Ashurst makes flexible working official in London and Glasgow
Ashurst has formalised its flexible working arrangements for UK staff, outlining the options available for lawyers and business support employees.