10/18/2021
Netherlands passes law for more gender equality in leadership positions
The new regulation replaces an earlier ordinance that was based on the 'comply or explain' principle and applied from 2013 to 2020
Government Regulation
10/17/2021
FCA: Financial promotions quarterly data
This data includes statistics about how we review and act on certain non-compliant financial promotions.
10/17/2021
Adviser fined £116k by FCA for 'reckless and unsuitable' pension advice
The FCA found that Mr Hussein advised customers to switch their existing pensions when this was often unnecessary and not in their best interest.
10/17/2021
US Securities and Exchange Commission Increases Focus on Cybersecurity
These enforcement actions highlight the SEC’s attention to cybersecurity and its scrutiny of written documentation and disclosures following incidents.
10/15/2021
The UK Government is not a “competent local authority"
The Policyholders each run hospitality businesses including a variety of restaurants, cafes, bars and public houses.
10/15/2021
Limits of ‘representative action’ procedure highlighted by Court of Appeal
In England and Wales, mass claims can be brought via other procedures.
10/15/2021
Pensions risk transfer: current trends as market picks up
There has also been an increased interest in residual risks insurance, particularly from mid-sized schemes
10/15/2021
UK finalising scope of LIBOR legacy regime
The regulator confirmed the methodology it would require LIBOR’s administrator to use for these synthetic rates, which will no longer be representative of their underlying markets.
10/15/2021
How share plans relate to European tech M&A and the digital skills shortage
The European Commission has said that 70% of businesses report a lack of staff with adequate digital skills as an obstacle to investment.
10/15/2021
China’s central bank continues to tighten regulation of fintech
The government may require companies to provide more access to their data, business processes, and product information.
10/14/2021
Financial complaints data highlights need for firms to maintain robust controls
Complaints relating to affordability continue to feature heavily in the FOS’s caseload, together with a troubling, if not surprising, uptick in cases relating to fraud and scams.
10/14/2021
Build a security culture to manage cyber risk
A transparent, supportive and open security culture will make a business more resilient to evolving cyber threats by empowering their people to make the right decisions.
10/14/2021
Macfarlanes Investment management update
Regulations that came into effect on 1 October 2021
10/14/2021
Cayman limited partner protections
The fund documentation invariably contains extensive details of the general partner's rights, powers and protections.
10/14/2021
UK judge rules pension losses lawsuit should have happened in Gibraltar
The Castle Trust Group was formed over 20 years ago and has represented a range of clients including banks, quoted companies, wealthy individuals and pension funds.
10/14/2021
ICO response to DCMS consultation on reform of the UK's data protection regime
The ICO, unsurprisingly, emphasises maintaining current privacy standards and, on the issue of data transfers, underlines the importance of maintaining EU adequacy.
10/14/2021
What to do if you were stuck in the UK due to the pandemic
Instances which may be considered exceptional can include medical emergencies which prevent that person from leaving the UK and are beyond their control.
10/13/2021
Ogier in Guernsey advises Disruptive Capital's £125 million Euronext Amsterdam listed SPAC
Disruptive is also the first SPAC on Euronext Amsterdam to be listed and traded in pounds sterling.
10/13/2021
ESMA publishes Final Report on notification requirements for STS synthetic securitisations
The European Commission will now decide whether to endorse the draft technical standards
10/13/2021
DOJ Announces New Civil Cyber-Fraud Initiative
Deputy Attorney General Monaco called for Congress to designate a single mechanism where victims can file reports to the federal government to be shared immediately with the DOJ and US Department of Homeland Security.