07/26/2017
FCA proposes to extend the senior management regime to more firms
The new regime will essentially replace the Approved Persons Regime.
Legal, Regulation & Compliance
07/26/2017
Financial adviser found guilty of 16 counts of fraud
Derbyshire police took on the case, because Rigney formerly lived in Hope, and the force began a long and complex investigation.
07/26/2017
FCA spends £2.5m on Brexit lawyers
He added that the FCA has been shut out from talks with the European Securities and Markets Authority on issues such as the future relationship between the UK and the EU.
07/26/2017
UK to apply banker accountability rules to wider financial sector
The rollout will see asset managers becoming directly accountable for giving investors value for money, turning the regulatory screw further on the sector.
07/26/2017
Ex-Merrill Banker Loses $20 Million Bonus Claim Against Sports Direct's Ashley
Who also owns Newcastle United football club.
07/25/2017
‘Encouraging results’: Withers’ global expansion breeds revenue growth as PEP leaps 25%
In 2016, the firm opened a new tax practice in Dubai with the hire of EY's Middle East and North Africa private client head Stijn Janssen.
07/25/2017
SFC’s new pact with FCA raises industry unease
The new arrangements came to light when the SFC posted the full text of its memorandum of understanding with the FCA on its website on July 21.
07/25/2017
Lloyds staff jailed for plot to steal millions from wealthy clients
Four former Lloyds employees were among seven people jailed for 38 years
07/25/2017
Herbert Smith Freehills - Financial regulation update
FCA guidance consultation on OPBAS
07/25/2017
Ex-UBS Compliance Officer, Day Trader Deny Insider Trading
Abdel-Malek, Choucair deny five charges in London court case
07/25/2017
Financial Conduct Authority approves Standard Life and Aberdeen Asset Management merger
Standard Life and AAM tell the stock exchange they are 'pleased to announce' the FCA and PRA approval while Martin Gilbert tweets his 'delight'
07/25/2017
BLP introduces family asset protection practice in HK, London
Based in both in Hong Kong and London, the practice provides cross-border and corporate family law expertise to high net worth and ultra-high net worth clients
07/24/2017
Making Wealth Managers ready as time for MiFID II deadline approaches By: Rodney Taylor, Profile Software
A new area for Wealth Managers will be passing exception reports
07/24/2017
UK watchdog consults on new anti-money laundering supervisor
The government has proposed that OPBAS oversees the adequacy of the anti-money laundering supervisory arrangements of 22 professional bodies.
07/24/2017
Lloyds faces a further £400m hit in PPI costs
Barclays is poised to slump into the red when it unveils a £1.2bn loss from the recent sale of a stake in its African operations.
07/24/2017
Non-dom Update - Withers
There are a number of technical changes to the draft rules, which will not have significant effects.
07/24/2017
Ex-Schroders Trader Clarke Must Pay $456,000 for Insider Trading
The 41-year-old is one of a number of individuals to be prosecuted by the U.K. Financial Conduct Authority over insider dealing
07/24/2017
Britain's biggest wealth manager St James's Place accused of not being clear on costs and restricted advice by Which? investigation
Which? deemed that four out of 10 advisers sampled did not adequately explore the likely cost of investment in general.
07/21/2017
Update on the changes to the taxation of non-UK domiciliaries - SMP Partners
The announcement confirms that the draft 2017 Finance Bill "will be introduced as soon as possible after the summer recess".
07/21/2017
FSCS opens compensation door at failed wealth firm
It has yet to receive claims from a further 53 creditors.