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Legal, Regulation & Compliance

04/18/2024

Tiller Technologies Supports Regulatory Efforts with Digital ID Solution for International Customers

The Jersey government is actively working with financial Institutions and regulated businesses to promote the adoption of cutting-edge technology

04/17/2024

Pension pressures persist as FCA data reveals a 14.6% surge in lump sums

The latest FCA retirement income data suggests the cost-of-living crisis continued to exert pressure on pension withdrawals in the fiscal year 2022-23.

04/17/2024

MP raises 'serious concerns' about FCA's handling of Woodford scandal

The warning notices given to Woodford and his firm are not the FCA's final decisions

04/17/2024

Norton Rose Fulbright advises financiers on Star Bulk acquisition

The team was led by Norton Rose Fulbright Co-Head of Asset Finance and Head of Greece Yianni Cheilas and Athens partner Evi Platsidaki

04/16/2024

Asset management: common errors when applying for authorisation

Before applying for authorisation, firms wishing to operate in the asset management sector should consider the points below, alongside the relevant information for your type of firm.

04/16/2024

FCA statement regarding motor finance firms’ financial resources

This will help ensure firms are able to act promptly to resolve complaints if we decide the pause should be lifted and complaint handling should resume.

04/16/2024

Nic Cicutti: FCA won’t back down on ongoing charges

Advisers should expect continued scrutiny by the regulator regardless of the name of the regime under which they come

04/16/2024

Financial Services & Banking News

The PRA states it is issuing the statement to respond to clarifications requested by firms

04/15/2024

Ex-Man Utd footballer sues his former SJP adviser over £750k unclear fees

Chris Smalling is suing Klipp Wealth Management, a representative of SJP, for £750,000, alleging it failed to accurately disclose fees.

04/15/2024

Solvency II Review – Matching adjustment reform implementation considerations for 30 June 2024

The PRA will seek to ensure that no unintended changes are made to the PRA’s policy on assets which are considered to have ‘fixed’ cash flows.

04/15/2024

Addleshaw Goddard: Financial Services & Banking News

The 2024 Workplan refreshes the 2023-2024 IOSCO Work Programme.

04/12/2024

The furnished holiday lettings regime checks out

FHL owners who are individuals enjoy tax advantages unavailable to owners of standard property rental businesses.

04/12/2024

ECB holds rates but signals first cut could come soon

Given the Federal Reserve is now expected to resist making any cuts for some time yet, and the Bank of England faces a difficult balancing act, the ECB could well be the first to make a move.

04/12/2024

FCA sets out findings against Link Fund Solutions

In a separate action, the FCA has issued warning notices to Neil Woodford and WIM proposing to take action against them for their conduct in the management of the WEIF.

04/12/2024

Generali Switzerland: Trouble about rental deposits

The provider of digitally processed rental deposits has filed a lawsuit against the Swiss subsidiary of the Italian financial group at the Bern Commercial Court.

04/12/2024

Addleshaw Goddard: Financial Services & Banking News

Under the Digital Operation Resilience Act (DORA), and starting from 2025, financial entities will have to maintain registers of information regarding their use of ICT third-party providers.

04/11/2024

Banking stability: Federal Council wants to close gaps in too-big-to-fail regulation

Banking stability: Federal Council wants to close gaps in too-big-to-fail regulation

04/11/2024

FCA report shows millions still struggling with bills

More than five million have missed payments recently, though that’s an improvement from the previous year.

04/11/2024

Woodford points finger at Link and FCA as watchdog proposes action

Regulator claims fund manager Neil Woodford had a defective and unreasonably narrow understanding of his responsibilities.

04/11/2024

Prudential Regulation Authority Business Plan 2024/25

The 2024/25 Business Plan sets out the workplan for each of the PRA’s strategic priorities, together with an overview of the PRA’s budget for 2024/25.

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