06/20/2022
As the SFC is the driving force behind these proposed reforms, there is little doubt that, once granted, they will be quick to use their new powers, significantly impacting the enforcement landscape in Hong Kong.
06/20/2022
The discussion paper is just that: the proposals are likely to be refined in response to industry feedback
06/20/2022
The FCA said its expectations for lenders were based on existing principles and guidance but added that its new consumer duty, expected later this year, will finalise any changes to rules to improve consumer outcomes.
06/17/2022
This case summary forms part of the Burges Salmon Pensions Regulatory Casebook. We provide analysis including practical considerations and high level commentary
06/17/2022
The analysis notes that the UK is outperformed by comparator countries
06/17/2022
Ownership in this case turns on the application of a single, technical procedural rule:
06/16/2022
The visa penalty provisions in the Act can also be enforced against countries that the government believes pose a “risk to international peace and security.
06/16/2022
UK regulator OFSI sets out its approach to new rules imposing a strict liability test for breaching the sanctions regime
06/16/2022
The idea behind the EU VBER was to exempt certain categories of agreement from the prohibition in Article 101(1) of the Treaty on the Functioning of the European Union ("TFEU") (which is equivalent to the Chapter I prohibition in UK law).
06/16/2022
As a result, companies may now face civil liability for inadvertent breaches of financial sanctions, including where due diligence has been carried out and there was no “reasonable” cause to suspect a breach.
06/16/2022
UEFA announced last year that it intended to replace the FFP Regulations with a new set of rules
06/16/2022
Linklaters acted as drafting counsel to ISDA on the "Next Generation" IM documentation
06/15/2022
The regulator continues its Primary Markets Effectiveness Review to promote the competitiveness of a UK listing.
06/15/2022
Also on the topic of temporary derogations, the exemption from clearing for EEA pension schemes is due to expire imminently on 18 June 2022.
06/15/2022
The proposals have raised concerns in the industry about how cryptoasset service providers could comply with the rule in practice.
06/15/2022
An RCF will also have to comply with the Central Bank's fitness and probity regime when applying for authorisation, and on an ongoing basis.
06/14/2022
Stamp duty is payable when an application for a Grant is made. The duty payable is calculated on the net value of the estate as at the date of death.
06/14/2022
The feedback statement follows up a discussion paper on value for money in DC schemes published in September 2021.
06/13/2022
The Commission does not recommend reliance on collective knowledge or corporate culture, but rather remains of the view that there should be an identifiable individual within senior management with the requisite culpability to attribute knowledge to the c
06/13/2022
Fraudulent reporting may qualify as a criminal offence.