04/12/2017
TISE gains recognition from German regulator, BaFin
The application to BaFin was supported by the German Investment Funds Association, BVI (Bundesverband Investment und Asset Management).
Legal, Regulation & Compliance
04/12/2017
Herbert Smith Freehills - Financial regulation update
FCA/HMT progress report and consultation on FAMR
04/12/2017
Appleby advise PraxisIFM on its listing on The International Stock Exchange
The transaction is an excellent example of the expertise of our pragmatic, client-centric and solution driven cross jurisdictional team.
04/12/2017
Advisers warned of FCA action on contingent charging
“There is talk that the FCA will remove it.”
04/12/2017
France's Societe Generale plans to leave Montenegro
The profit of Societe Generale banka Montenegro rose by 23% in 2016, reaching 7.8 million euro ($8.4 million).
04/12/2017
Credit Suisse may seek full Irish licence as Brexit looms
Swiss banking group opened trading floor in Dublin last year for prime services business
04/12/2017
Ghana, Czech sign Double Taxation Agreement
It will also eliminate the incidence where income from both countries are taxed twice and as well as increase Ghana’s Exchange of Information network
04/11/2017
Winners and losers of inheritance tax rule change
However, the new tax exemption has drawn criticism for favouring traditional family units over others.
04/11/2017
UK supported-living sector attracts US family office capital
Two US family offices are providing a further £7m each.
04/11/2017
Innovating for the future: the next phase of Project Innovate
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the Innovate Finance Global Summit.
04/11/2017
Hong Kong regulator fines Coutts for breaching anti-money laundering rules
Has ordered Coutts Hong Kong to pay a pecuniary penalty of 7,000,000 Hong Kong Dollars.
04/11/2017
FCA revokes wealth manager's permissions over late payment
The decision followed an earlier warning it issued to the business in mid-February.
04/11/2017
The Brevan Howard injunction case - claiming confidentiality in investor documents
The judgment, which for obvious reasons contains limited specific detail, provides interesting commentary on the importance of asset managers being able to communicate with investors candidly even in the context of public interest journalism.
04/11/2017
Handelsbanken chairman says target of bribery probe, denies wrongdoing
I was notified of suspicion before being questioned. This may seem to be the wrong order of doing things, since it is only during the questioning that the prosecutor can obtain information and responses to key questions.
04/11/2017
Time to close down Gibraltar, major part of criminal network
A glance at the map immediately reveals the strategic value of the tiny territory, especially to an empire like Britain’s
04/11/2017
Four more banks named in bond price-fixing complaint
Who worked at three of the banks, has also been named as a defendant in the amended lawsuit.
04/11/2017
Award-winning litigation team attracts new talent
With all the uncertainty around Brexit we also have the advantage of being the only firm in the North East to offer contentious competition law.
04/10/2017
U.K. Green Bank Sale Can Proceed After Court Backs Macquarie
It was put up for sale last year as part of a drive to raise money from privatization.
04/10/2017
Barclays's Staley Draws U.S., U.K. Whistle-Blower Probes
Regulators review whether bank chief tried to unmask tipster
04/10/2017
I'm a fund manager and I got caught by £13k exit fees on my pension
A few companies removed exit fees entirely for all customers.