07/16/2017
Gibraltar insurer Elite on the rocks
Elite’s sudden exit from the market will renew concerns about some insurers selling into Ireland from Gibraltar.
Legal, Regulation & Compliance
07/14/2017
FCA fines compliance oversight officer for pension transfer failings
Mr Watters also failed to take reasonable steps to ensure that advisers were properly monitored to reduce the risk of unsuitable ETV pension transfer advice being given to customers.
07/14/2017
UK to bring in non-dom reforms ‘as soon as possible’
The UK government has announced it will introduce long-anticipated changes to the rules governing non-UK domiciles “as soon as possible”, after they were postponed earlier this year because of the snap election.
07/14/2017
European banks fear accounting regulations
The average respondent envisaged a 13% increase.
07/14/2017
Herbert Smith Freehills - Financial regulation update
ESMA consultation on MiFID II suitability requirements
07/14/2017
Withers tops list of Private Client Global Elite
Our position as the most well-represented firm is a testament to our sustained efforts at building an international business that serves every legal need of our clients.
07/14/2017
European banks expect lower provisions for bad loans
Watchdog warns smaller lenders are trailing larger rivals in preparing for new rules
07/14/2017
With Saudi Aramco in sights, FCA opens door to foreign listings
Some high-profile investors fear a weakening of safeguards for the UK stock market
07/14/2017
Wealth manager sentenced for fraud drops FCA appeal
In its own representation to the FCA against the decision.
07/14/2017
MiFID II Series #16 - The time for talking is almost over: FCA publishes MiFID II papers (PS17/14 and CP 17/19)
The FCA retains the view that any system that merely receives, pools, aggregates and broadcasts indications of interest, bids and offers or prices should not be considered a multilateral system
07/13/2017
International law firm lures finance partner from Locke Lord
Who led the banking and finance team at Locke Lord, brings significant experience in cross-border and domestic corporate finance.
07/13/2017
FCA warns it may intervene as millions take pension cash early
Report by regulator flags up widespread withdrawal under pension freedoms, as TUC says millions could face financial insecurity
07/13/2017
Isle of Man regulator steps up anti-money laundering crackdown
The Isle of Man financial regulator is taking action against anti-money laundering and terrorist financing with new guidance rules aimed at “avoiding a tick-box approach” to assessing the risk of customer involvement in such activities.
07/13/2017
Banks’ fund managers slammed for high fees and poor performance
Managed assets are acting more like index trackers, according to research
07/13/2017
Herbert Smith Freehills - Financial regulation update
FCA interim report: Retirement outcomes review
07/13/2017
Recognition for Appleby as Leading Lawyers
The Listing continues to provide reputable recognition and is a testament to the commitment of our lawyers to achieve the best results for our clients.
07/13/2017
UK pensions regulator vows to get tough after BHS scandal
Watchdog says its strategy is ‘no longer appropriate’ to regulate the industry
07/13/2017
Recruitment firms ‘dangerously exposed’ to criminal sanctions
Too many recruitment agencies still have their head in the sand when it comes to the potential severity of the punishments on offer
07/13/2017
FSCS pays out £105m for Sipp claims
The total FSCS compensation costs in 2016/17 were £375 million, in response to nearly 37,000 claims.
07/12/2017
FCA flags concerns about 'pension freedoms'
Consumers who access their pots early without taking advice typically follow the ‘path of least resistance’, accepting drawdown from their current pension provider without shopping around.