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Legal, Regulation & Compliance

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.

09/21/2017

Old Mutual teams up with CII to offer DB transfer training

The move comes despite scepticism among some advisers over providers’ plans to enter the DB transfer space.

09/21/2017

Competition watchdog to probe master trusts

The Competition and Markets Authority will be investigating including whether difficulties in assessing.

09/21/2017

UK banks to check 70m bank accounts in search for illegal immigrants

Immigration status is very complex, and the Home Office consistently gives out incorrect information and guidance.

09/20/2017

Herbert Smith Freehills - Financial regulation

PSD2: FCA Approach Document and final Handbook changes

09/20/2017

MiFID II: authorisation and variation of permissions

Such firms will therefore also need to have contingency plans in the event that by 3 January 2018 they do not have the required permissions.

09/20/2017

UK accounting watchdog clears KPMG over audit of collapsed lender HBOS, rescued in 2008 by Lloyds Banking Group

HBOS – the merged Halifax/Bank of Scotland group - had been one of the UK’s biggest lenders but required emergency government assistance to keep it afloat during the financial crisis

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