08/15/2017
UK Trust Register - Withers
UK Regulations set out to implement the UK register of trusts were published in draft earlier in 2017 and came into force on 26 June 2017.
Legal, Regulation & Compliance
08/15/2017
British cybersecurity expert pleads not guilty to US charges
Hutchins is required to wear a GPS monitor, but Duffin said the court will consider removing that requirement once Hutchins has found a home in Los Angeles and is complying with the terms of his bond.
08/15/2017
HMRC is taking action after the Rangers EBT ruling: issues facing trustees
The issues that affected trustees should now consider are as follows.
08/15/2017
2017 non-dom changes confirmed: how can trustees and individuals prepare?
On 13 July 2017, the government announced that it expects to introduce a Finance Bill as soon as possible after the summer recess, re-enacting the withdrawn-provisions.
08/15/2017
BVI liquidators battle lawyers over legal costs in London court
The liquidators of Peak accepted that the Bank Monies were secured by the Candey’s charge
08/15/2017
Failed Italian Banks Flunked Capital Tests, ECB Says
The move was approved days later by the European Commission.
08/14/2017
Europe’s financial watchdog pressed to investigate asset manager fees
Ireland’s central bank finds evidence of unjustifiably high charges and confusing information
08/14/2017
Tudor and Brevan Howard abandon Mifid
Two large hedge fund companies have dropped their licences for the EU regulation
08/14/2017
Germany seeks arrest of Swiss secret service members
The Swiss financial sector was rocked by a series of data leaks to Germany.
08/14/2017
PPI-claims boss probed over £11.6m payout
HMRC is scaling up its inquiries into so-called disguised remuneration schemes.
08/14/2017
Central Bank of Ireland urges ESMA to probe asset managers' fee disclosures
Following own review
08/11/2017
FCA occasional paper on investment platforms
Based on a review of data from a number of UK platforms, the paper concludes that best buy lists favour funds with a low cost to investors, but also favour affiliated funds and those which pay greater commission rates to platforms.
08/11/2017
FCA signals death knell for LIBOR
Protocol solutions have not previously been seen in the loan markets and are unlikely to provide a total solution in any event.
08/11/2017
Watchdog names and shames high-profile organisations for basic pension governance shortcomings
A large proportion of those failing to produce a statement involved schemes with fewer than 100 members but some were large employers.
08/11/2017
Regulator issues 5,837 penalty notices
Fifty one employers have been issued with escalating penalty notices from The Pensions Regulator
08/11/2017
$855k Russian bank hacker to be extradited from Spain
He is wanted by the United States on suspicion of computer abuse and fraud and on another count of electronic fraud
08/11/2017
Partner at private equity firm denies being jogger who pushed woman into bus
Eric Bellquist has been arrested and released on bail but says he has proof he was in the US at the time of the incident
08/10/2017
Investors must pay less on the asset management gravy train
There are many mouths to feed on the asset management gravy train – but it’s the customer at the end of the line who always seems to pick up the tab. It shouldn't be like this, argues Anthony Morrow
08/10/2017
EU regulator calls for tougher regulations on state aid for banks
The SRB was set up at the same time, consisting of representatives from relevant national authorities
08/10/2017
UK Pensions Regulator Goes Back to the Future
Failure to do so in this new regulatory environment could result in a less than smooth passage through the space-time continuum!