08/20/2024
Unique regulatory challenges presented by overseas appointed representatives
One of the top level challenges for principal firms is the differences in culture and language
Legal, Regulation & Compliance
08/20/2024
FCA fines auditor for failing to flag fraud suspicions
This is the first time the FCA has fined an audit firm.
08/19/2024
Deutsche Bank's Postbank settlement rejected by plaintiffs - Reuters
Deutsche Bank’s settlement offer to shareholders that sued them for underpaying for the Postbank acquisition has been rejected by plaintiffs.
08/19/2024
Meier + Partner Vermögensverwaltung AG : BaFin orders cessation of unauthorised investment brokerage and advice
The company recommends that customers buy certain shares. It also offers to inform its customers about advantageous opportunities to sell these shares in the future.
08/19/2024
UniCredit doubts ECB’s right to restrict its business in Russia
This argument is given in the recently disclosed case materials on the website of the Court of Justice of the European Union.
08/19/2024
ECB harmonises rules for Eurosystem collateral management
Harmonisation marks step towards European capital markets union
08/16/2024
FCA censures auditor for failings in client asset reports
Client asset protection is a key part of maintaining market confidence, financial stability and consumer protection.
08/16/2024
PwC fined £15 million for failing to alert the FCA to suspected fraudulent activity at London Capital & Finance plc
This is the first time the FCA has fined an audit firm.
08/16/2024
Capital market regulation: Can the UK’s bold gamble steer it to success?
Proponents of the latest changes say easing the hurdles for companies – even in ways investors dislike – will pay off, writes Morningstar’s Lindsey Stewart
08/15/2024
FCA fines FXTB for unfair customer treatment practices
FXTB pressured customers to put their money at risk through CFD trading, even encouraging them to borrow money from friends or family in some cases.
08/15/2024
FCA fines and bans Martin Sarl for dishonest and reckless conduct
That was not allowed under the FCA’s Client Money rules, and these funds should have been kept separate.
08/15/2024
FCA fines Cypriot contract for differences firm over unauthorised advice
The regulator previously took action in 2020 to stop four Cypriot investment firms from continuing to offer high risk CFDs to UK investors
08/15/2024
Finma on stablecoins: “Same business, same risks, same rules”
Rather, the supervisory authority wants to show the industry how risks can be limited and problematic situations avoided.
08/15/2024
CII wants to be first at the table in policy-making talks
According to Hill, memberships of professional bodies need to see the CII round the table, not just when the FCA consults on something
08/15/2024
FCA scrutinises DFM feedback amid SDR extension rumours
The FCA has promised to set out next steps ‘shortly’ on talk that wealth managers will be given an extension to the December deadline.
08/15/2024
Anti-greenwashing: UK firms gearing up for new FCA rules and guidance
Moreover, wealth managers, planners and financial advisers must also ensure that, when engaging with clients, the sustainability-related claims they make are clear
08/15/2024
European Banking Authority Refines Market Risk Rules
These changes stem from the need to align the existing RTS, which were developed under CRR2, with the new provisions introduced in CRR3.
08/14/2024
The EBA sets 2025 priorities for resolution authorities and reports on the progress achieved in 2023
The 2025 EREP priorities confirm and complement the areas of focus set for 2024
08/14/2024
European Commission adopts Regulatory Technical Standards on the ELTIF Regulation
The Commission's adoption of the RTS follows a public consultation and ESMA's final report on the draft RTS in 2023.
08/14/2024
ESMA recognises CDS Clearing and Depository Services as Tier 1 CCP following MoU with the British Columbia Securities Commission
On 8 August 2024, ESMA recognised CDS Clearing and Depositary Services Inc. (CDSC) as a Tier 1 CCP under Article 25 of EMIR.