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Legal, Regulation & Compliance

09/12/2016

FCA lifts capital requirement for Aberdeen Asset Management

The Group's available capital remains comfortably above this new minimum requirement.

09/12/2016

Governors and Heads of Supervision announce progress in finalising post-crisis regulatory reforms

The GHOS endorsed the broad direction of the Committee's reforms.

09/12/2016

FCA to ‘steer away’ from fund manager fee cap

The final report on the study is due to be published next year.

09/12/2016

London law firm introduces legal concierge service for HNW's

HK One will also act as a hub, directing clients to other trusted advisors.

09/11/2016

ESAs Reject Proposed Amendments From The European Commission To Technical Standards On Non-Centrally Cleared OTC

The Opinion was prepared in accordance with Article 10 of the ESAs Regulations, empowering the three Authorities to consider the amendments

09/09/2016

Merali Beedle promote flexible working with dpscloud

dpscloud allows Merali Beedle, to take their files with them wherever they go

09/09/2016

ECB Stands Pat on Stimulus as Draghi Defends Policy

European Central Bank president urges governments, especially Germany, to boost growth through spending

09/09/2016

FCA refuses to pay compensation recommended by its Complaints Commissioner

The FCA Complaints Commissioner upheld a complaint by a firm on behalf of its appointed representative (AR). The complaint was that the Financial Services Register’s (the Register) landing page, under the heading “Trading / brand names”,

09/09/2016

Bank of England Won’t Stifle Fintech Innovation Says Senior Central Bank Official

Cleland said that the BoE was working with firms in the Fintech sector to determine where the boundaries will be.

09/08/2016

Queen’s bank is sued over tax avoidance film scheme

If the lawsuit, being co-ordinated by Stewarts Law, is successful it would mean taxpayers having to foot part of the bill because Coutts is owned by Royal Bank of Scotland

09/08/2016

FCMC forbids Estonia's Versobank to provide financial services in Latvia

The decision on imposing a ban on provision of any financial services in Latvia is adopted because Versobank has been substantially violating procedures laid down in the Credit Institution Law under which a credit institution registered in another member

09/08/2016

Spanish ex-minister linked to Panama Papers withdraws his bid for World Bank job

The news came at a sensitive time in Spanish politics, where bickering between parties is edging the country towards its third election in a year.

09/08/2016

IRELAND: Calls to scrap savings levy that the rich already avoid

Known as the life insurance levy, it was imposed in the 2009 emergency budget as a revenue-raising measure.

09/07/2016

Swiss charge former UBS banker over German data sale

The CD related to assets worth 3.5 billion Swiss francs.

09/07/2016

Irish government to close 'vulture funds' tax loophole

They have used part of the tax code known as Section 110 to reduce tax bills to a few hundred euros a year.

09/07/2016

MiFID II Q&A on Trading Venues Being Prepared

The complexity of quote-driven markets will increase under the new regulations

09/07/2016

FCA consultation on Pension Wise standards

The FCA has launched a consultation (CP16/22) on proposed changes to the standards applied to Pension Wise designated guidance providers.

09/07/2016

Exotic Capital Deals Fed by Stricter Bank Rules in Scandinavia

Banks may be enticed to buy capital relief if stricter rules are imposed.

09/07/2016

New inheritance tax rules to impact non-UK residents holding property through offshore companies and trusts from 5 April 2017

As previously announced, the new legislation aims to reform the taxation of non-domiciles and will have practical implications for those who purchase, hold or sell UK residential property through offshore structures.

09/07/2016

Italy police nab gang of bank card fraudsters

Italian police had busted a major credit and bank card forgery ring

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