07/31/2017
How thousands of Britons are at risk from ‘world’s biggest online scam’
Lawyers tell The Independent victims are losing up to £1m each in investment fraud
Legal, Regulation & Compliance
07/31/2017
Banks settle currency manipulation claims for $111m
Investors accused the banks of manipulating the currency markets, typically to the benefit of traders rather than their clients.
07/31/2017
European Commission contacts banks over research pricing
Some banks accused of ‘price dumping’ in order to win contracts from fund managers
07/31/2017
MiFID II: ESMA Clears a Path for a Simple Form of Identified Target Market for UCITS
The criteria above and how they should apply to UCITS are considered further in the Appendix.
07/31/2017
Addleshaws, Eversheds and Simmons claim places on HSBC UK legal panel
The bank previously reviewed its panel in 2012, when it expanded its roster to include a group US firms including Cleary Gottlieb Steen & Hamilton, Latham & Watkins and Mayer Brown.
07/29/2017
The General Data Protection Regulation - Top 10 Considerations
Controllers must implement appropriate security measures, such as pseudonymization
07/28/2017
Regulator calls on banks to replace Libor by 2022
FCA head says scandal-tainted rate benchmark no longer fit for purpose
07/28/2017
Individual Accountability: Extending the Senior Managers & Certification Regime to all FCA firms
This briefing contains a high level summary of the key elements of the new regime. The consultation ends on 3 November 2017.
07/28/2017
Herbert Smith Freehills - Financial regulation update
FCA speech on LIBOR
07/28/2017
Ogier advises on record-breaking £1.28 billion "Walkie Talkie" purchase
As well as the landscaped public gardens called the Sky Garden.
07/28/2017
Employment Tribunal fees ruled unlawful - considerations for charities - Witheras
The judgment is likely to have significant short-term and long-term effects.
07/28/2017
Setting up a trust for Russian tax residents - most common questions
The new rules continue to shape the way Russians think, plan and comply since their concerns around succession and asset protection may be even more relevant now.
07/28/2017
New UK Offences of Failure to Prevent Facilitation of Tax Evasion – looming deadline
Businesses will not be liable for the offences provided they have established the defence by putting in place and maintaining “reasonable prevention procedures”.
07/28/2017
FCA to end LIBOR benchmark before 2022
Relying on the opinions of industry insiders to set the daily estimates based on interbank lending — some in markets that saw fewer than 20 transactions annually — was unacceptable, Mr. Bailey said.
07/28/2017
Brexit pushes Guernsey FSC into licence fee rise
Mason has presided over a number of cost-cutting exercises that have allowed GFSC to keep its increases at 2%.
07/27/2017
Natixis Asset Management fined €35m for overcharging investors
French watchdog identifies failings connected to fund house’s redemption fees
07/27/2017
Privacy Controls - Giving Clients Control Back
Updated Privacy Controls - Giving your clients the control they expect
07/27/2017
The Companies Act 2017 - Impact On Irish Investment Funds
The main purpose of the Act is to transpose the EU Accounting Directive into Irish law.
07/27/2017
Lloyds will pay out £283 million in compensation for unfair mortgage arrears fees
The bank admitted it had not always ensured customers were given affordable and realistic payments plans.
07/26/2017
Wealth managers must prepare for the age of transparency
The European economy is approaching a cliff edge, but it’s nothing to do with Brexit.