08/12/2021
Pensions and Climate change: the Pensions Regulator’s draft guidance
Schemes will be required to have regard to statutory guidance issued by DWP when complying with the Regulations.
08/11/2021
TNFD: expanding the focus from climate to nature
One of the key developments in this area is the official launch of the Taskforce on Nature-related Financial Disclosure (TNFD).
08/11/2021
OFSI takes aim at FinTech company in its latest enforcement action
In its penalty notice, OFSI noted that TransferGo did not voluntarily disclose the transactions at issue despite it being a “relevant institution” required to inform OFSI as soon as practicable that it had become aware of a designated person.
08/10/2021
French Constitutional Council to rule on controversial inheritance law
Whilst the main purpose of the law was to address the possible application of Sharia’a law within France, article 13 will affect clients who wish to elect for English law to apply to their estate under the EU Succession Regulation.
08/10/2021
The amendments also require investment firms manufacturing and distributing financial instruments to specify to which group of clients with sustainability related objectives the financial instrument is supposed to be distributed.
08/10/2021
This guide looks at the key things you need to know about the Jersey economic substance requirements that apply to companies which carry on fund management business.
08/10/2021
It is asking UK-based investors who put money into Woodhouse’s schemes to complete a questionnaire by 30 September.
08/10/2021
The primary purpose of the consultation was to consult on a change to the Listing Rules
08/10/2021
The New SCCs issued by the Commission take into account and reflect the Schrems II judgement, and ensure a higher level of data protection.
08/10/2021
Financial Services & Banking News
The letter reminds firms to comply with the FCA's general requirements and handbook principles, and to pay due regard to the interests of their customers and treat them fairly.
08/09/2021
Data transfers – where do we stand?
Debbie Heywood looks at the current picture on data transfers following publication of the new SCCs, the EU-UK adequacy decisions, and the EDPB recommendations on supplementary measures.
08/09/2021
Tencent's WeChat Faces Legal Challenges Over 'Youth Mode'
Friday's announcement comes at a time when China's tech giants are already facing heightened regulatory scrutiny over alleged monopolistic behavior as well as financial stability, data security and labor protection concerns.
08/09/2021
SPAC to the Future - Part II
From 10 August 2021 the UKLA amendments to the Listing Rules, which are specifically designed to improve LSE's SPAC offering, will come into effect.
08/09/2021
The FCA has also decided to ban Mr Armin from advising consumers on pension transfers and pension opt outs.
08/09/2021
Mr Maricar has failed to make any payment in relation to the High Court’s restitution order.
08/09/2021
OFSI imposes monetary penalty on fintech company for breach of financial sanctions
TransferGo is a UK company which carries out payment transfers.
08/09/2021
Across the world, governments are driving change in the ESG sphere and requiring greater accountability for ESG issues.
The European Union has in many respects been a first mover in global efforts to legislate on ESG. F
08/09/2021
Given the considerable legal uncertainty surrounding digital assets, the FMLC welcomes the Law Commission’s Digital Assets Project and the prospect of law reform.
08/09/2021
‘Comply or explain’ diversity targets proposed for UK listed company boards
The ‘comply or explain’ targets proposed by the FCA are for at least 40% of the board to be women; at least one senior board position to be held by a woman; and at least one board member to be from a non-white ethnic minority background.
08/08/2021
Feedback is requested by 17 September 2021.