01/06/2023
£1.1m Ponzi scheme fraudster jailed for three years
He told victims that the investment was ‘virtually risk free’
Legal, Regulation & Compliance
01/05/2023
K&L Gates Expands Global Footprint, Financial Services Client Offerings with Establishment of Dublin Office
K&L Gates’ Asset Management and Investment Funds practice has more than 50 years of experience in the financial services industry and comprises more than 150 lawyers throughout Asia, Australia, Europe, the Middle East, and North America.
01/05/2023
UK Pensions Dashboard Pursues Data Sharing Inspired by Open Banking
The Pensions Dashboard Regulations, which came into force in December, were designed to create the legal and technical framework for unified dashboards that enable retirees to view and manage their pensions from multiple providers.
01/05/2023
FSCS says Rowanmoor intel gathered ‘is helpful’ in ongoing probe
Rowanmoor Personal Pensions Limited, which managed £1.4bn of people’s pensions, collapsed in August last year following a Financial Ombudsman Service case upheld against it which opened the floodgates to many similar claims.
01/05/2023
Fines issued by the FCA more than doubled in 2022
The number of FCA fines levied against individuals also rose, from only three in 2021 to 10 in 2022.
01/05/2023
UK Regulatory Horizon Scanning Update: Q4 2022
The FCA are seeking views on their proposed rules to introduce a new financial resilience regulatory return for solo-regulated firms.
01/05/2023
PFS board advisers say governance failure claims lack evidence
“As member directors and co-opted advisers, we want formally to express our severe disappointment with the announcements made by the CII just before Christmas,” the statement read.
01/04/2023
French watchdog fines H2O Asset Management, executives over Tennor investments
The AMF in its decision said the financial penalties would be accompanied by disciplinary sanctions, citing several failings related to the acquisition and management of the Tennor assets
01/04/2023
Pensions Ombudsman orders rogue trustees to repay £12.6mn
The case was brought by Dalriada Trustees, which was appointed by the Pensions Regulator as independent trustee of the Optimum Retirement Benefit Plan in 2018, and an individual complaint by a scheme member.
01/04/2023
Marketplace operators face increased liability risks when advertising counterfeit goods
Louboutin had sued Amazon in Belgium and Luxembourg, claiming that because Amazon regularly advertises red-soled shoes offered by third party sellers, it has infringed that trade mark.
01/04/2023
Legislative Clarification on the Luxembourg Reverse Hybrid Entity Tax Rule with Retroactive Effect
The rule now requires that the double non-taxation outcome resulting from the reverse entity must only be due to the mismatch classification of such entity.
01/04/2023
H2O AM hit with record fine over Windhorst-linked investments
€100m in total
01/04/2023
The real impact of RDR is empowerment, not professionalism
For others, the increased levels of professionalisation – added to the net effect of driving poor actors out of the market – have only strengthened their own businesses.
01/03/2023
Warning demand for bank services will fall as recession looms in 2023
The base rate has increased from 0.1 per cent in December 2021 to 3.5% following a series of rises throughout 2022 as the Bank sought to put the brakes on surging inflation.
01/03/2023
Conyers Celebrates 25 Years in London
Our London office has grown over the years, and our team there has considerable experience with M&A and general corporate matters
01/03/2023
FCA will defend BSPS redress scheme if called on
The FCA published its final rules for the BSPS redress scheme on 28 November.
01/03/2023
Bank fined €310,000 for failings on anti-money laundering laws
ECCM did not indicate where a transaction of €100 million came from
01/03/2023
FCA fines Santander over £100m for numerous AML failings
Investigation reveals failings amassed over almost five years
12/30/2022
New EU rules applying to non-EU companies
Turkish companies meeting the conditions laid out in the Directive will need to take into account the new sustainability reporting standards imposed by the EU and to implement new procedures in that respect.
12/29/2022
Linklaters advises DKSH on its acquisition of DNIV Group in Singapore
The Linklaters team was led by Singapore-based corporate partner and global co-head of TMT Niranjan Arasaratnam.