02/24/2023
Dutch DPA threatens passenger data processing ban over ‘unlawful’ implementation
The court clarified that the system introduced by the PNR Directive can only cover clearly identifiable and circumscribed information listed in its Annex I
Legal, Regulation & Compliance
02/24/2023
Maples Group Named Top Legal Adviser to Irish-Serviced Funds for 10th Year
The publication of the ranking follows the firm's success at the ETF Stream Awards 2022 last November, where the firm was awarded ETF Law Firm of the Year.
02/23/2023
Ascot Lloyd-linked advice firm fails
FSCS has received claims about the business as well as two other companies declared in default
02/23/2023
FCA forces firms to stop making misleading British Steel Pension Scheme offers
Under the redress scheme, firms will have to review the advice they gave and pay redress to those who lost money because the advice was unsuitable.
02/23/2023
Global trends in online construction dispute hearings
In the UK, online hearings in the court system have proven so invaluable in recent years that the High Court has mandated them as the default position for all hearings under half a day.
02/23/2023
Addleshaw Goddard: Financial Services & Banking News
Mr Mills states that focusing on the areas that will have the greatest impact on consumer outcomes should be every firm’s priority ahead of the 31 July deadline for open products and services.
02/23/2023
BNP Paribas sued in France over fossil-fuel financing
A ruling in a case by environmental groups against TotalEnergies, a client of BNP Paribas, is expected on Tuesday.
02/22/2023
Armchair detective investors take inspiration from Sherlock Holmes to foil investment scams
Analysis of data from the FCA’s consumer helpline has shown a 193% increase in calls to the FCA in the last five years, as investors detect investment scam warning signs.
02/22/2023
FCA publishes new Discussion Paper on updating and improving the UK regulatory regime for asset management
The DP does not provide any detailed recommendations for discussion, but flags at a high level possible directions of travel across a broad range of areas.
02/22/2023
PRA chief urges insurers to 'move on' from Solvency II debate - reports
From debate to implementation
02/22/2023
Adviser takes Nottingham firm to tribunal
FTAdviser understands the owner, Kevin Maurice Kingswood, retired that year.
02/22/2023
IHT receipts show new year-on-year rise
This £3,000 annual allowance can only be brought forward for one tax year
02/22/2023
Experts warn UK businesses of imminent changes to anti-money laundering regulations
For dealings with trust entities, businesses subject to the MLRs will have to comply with checks of the trust registration service (TRS) that is maintained by HM Revenue and Customs (HMRC).
02/21/2023
FCA seeks views on updating asset management regulation
The FCA will make sure any changes are consistent with international standards and enable technological development and innovation.
02/21/2023
Ex-Julius Baer banker with a penchant for bolides in prison
Things are getting uncomfortable for a former executive at the Swiss bank Julius Baer.
02/21/2023
Financial Services & Banking News
The letter details the FSB’s planned work during 2023 as well as introducing three reports the FSB is delivering to this meeting.
02/21/2023
Finma reviewing Credit Suisse chairperson’s comments on outflows: reports
Credit Suisse said it does not comment on speculation.
02/21/2023
Germany ratifies UPC Agreement ahead of 1 June 2023 court start date
The project has been the subject of significant delays, not least due to legal challenges brought against German ratification previously and, more recently, IT issues posed by the court’s electronic Case Management System.
02/21/2023
Deutsche Bank’s regulators criticize its internal probe
Rebuke is latest in a long series of complaints directed at the lender over a perceived failure to improve systems
02/21/2023
Finance managers jailed for defrauding Libyan wealth fund of 10 million dollars
Frederic Marino, 56, Yoshika Ohmura, 47, and Aurelien Bessot, 47, have all been sentenced for committing fraud by abuse of position of trust.