07/24/2023
Spain reportedly axes 6-month absence rule for losing temporary residency
Change ‘could result in a huge amount of confusion’
Legal, Regulation & Compliance
07/22/2023
PayPoint faces law suit from energy charity
This led PayPoint to make a £12.5m donation to Ofgem's voluntary redress fund and to voluntary agree to remove the clauses in question.
07/21/2023
‘Absolute candour’ demanded by HMRC to avoid UK tax fraud prosecution
HMRC said the CDF was a “vital tool” against tax fraud which enabled officials to recoup millions of pounds for the taxpayer without having to resort to costly criminal prosecutions.
07/21/2023
OECD Pillar One: Amount B report and public consultation
It also seeks stakeholder input in a number of areas.
07/21/2023
New HMRC proposal to change income tax rules on inheriting pensions needs urgent clarification
A single sentence at the end of a policy statement appears a rather odd way to announce a sea change in such a material aspect of the pensions tax regime.
07/21/2023
Statement on two enforcement actions related to Deutsche Bank issued by the Federal Reserve
We appreciate that the Federal Reserve recognizes the progress we have made in recent years in remediating and resolving control weaknesses.
07/21/2023
Appeal court clarifies Electronic Communications Code interpretation
The effect of that agreement was that APW was entitled to the payment of rents due by Vodafone under its original lease.
07/21/2023
A&O’s patent practices and lawyers secure top rankings in leading intellectual property platform
The platform aims to be the primary source for identifying world-class, private practice patent expertise.
07/21/2023
Rowanmoor claims on hold 'at least another 6 months'
We are working with the relevant parties to get the information and documentation we need so that we can complete our investigation into the firm.
07/21/2023
Addleshaw Goddard: Financial Services & Banking News
The Committee concluded that retail trading in unbacked crypto more closely resembles gambling than a financial service and should be regulated as such.
07/21/2023
UK government to clamp down on “unfair” bank account closures
Banks and fintechs will not be able to refuse service owing to political reasons under new rules.
07/20/2023
ESMA proposes revised technical standards on anti-procyclicality margin measures
The revised RTS aim to harmonise the policies and procedures for selecting and reviewing the anti-procyclicality margin measures and to provide more granularity on design and use of specific APC tools
07/20/2023
The EBA publishes final guidance on the overall recovery capacity in recovery planning
The assessment by competent authorities of an institution’s overall recovery capacity allows to understand to what extent an institution would be able to recover from a range of potential crisis situations.
07/20/2023
Proposed Irish Tax Measures to Apply to Outbound Payments
The proposals have been developed in the context of the OECD BEPS process and the recommendations of the European Commission that EU Member States take actions to reduce aggressive tax planning.
07/19/2023
UK-based adviser loses regulatory permissions
After he failed to file returns to the FCA
07/19/2023
PIMFA welcomes Chancellor’s Mansion House Reforms to promote greater investment in the UK
PIMFA looks forward to working with the Government on how best this can be achieved.
07/19/2023
GAM Parries NewGame With Call to Approve Liontrust Offer
The Group opposes the takeover by Liontrust and wants to effect a turnaround at GAM.
07/19/2023
Addleshaw Goddard: Financial Services & Banking News
The decision entered into force on 6 July 2023 and details provisions relating to the data to be reported, the date and frequency of the submission and the format and procedure for the submission.
07/19/2023
CMA probes £242mn takeover of Curtis Banks by Nucleus
The CMA has invited comments on the transaction from any interested party by the deadline August 2, 2023.
07/19/2023
Individual charged with fraud over unauthorised investment scheme
The case was sent to Southwark Crown Court, where the defendant will appear on 15 August 2023 for a plea and trial preparation hearing.