02/14/2022
Solicitors’ financial wellbeing takes a hit
Despite this desire to support others financially, solicitors rate themselves as less able to support their family and friends than accountancy professionals.
Government Regulation
02/14/2022
Transforming data collection communication to firms – 10 February 2022
Communication to firms to provide an update on the progress of the joint transformation programme, which is being led by the Bank of England, FCA and industry to transformation data collection from the UK financial sector.
02/11/2022
Outside influence over EU standards to be curbed
The Commission can ask ETSI, CEN and CENELEC to develop standards to support EU legislation and policy.
02/11/2022
UK employers urged to prepare for ethnicity pay gap reporting
It said the ethnicity pay gap reporting laws “should include the requirement for employers to publish a supporting narrative and action plan” alongside the raw data.
02/11/2022
Divergence ratios after Brexit. Parallel EU/UK merger reviews one year on
So what does the parallel merger control landscape look like one year after Brexit?
02/11/2022
Treasury and FCA move to regulate the marketing of cryptoassets in a similar way to high risk investments.
The result is that previously unregulated cryptocurrencies and cryptoassets will be brought into the financial promotion regime for the first time.
02/11/2022
Australia Withdraws Cartel Lawsuit Against Citi and Deutsche Bank
All proceedings have now been discontinued.
02/10/2022
FCA orders investment platform to remove social media posts
Freetrade was founded in 2016 and offers commission-free stock trading as well as a Sipp and a stocks and shares Isa.
02/10/2022
Corporate Criminal Liability for Failure to prevent Money Laundering
The Financial Action Task Force (FATF) Methodology requires jurisdictions to demonstrate that money laundering offences and activities are investigated, and offenders are prosecuted and subject to effective, proportionate, and dissuasive sanctions.
02/10/2022
UK sits second in global money laundering rankings
France (£54.5bn), Germany (£51.3bn) and Canada (£25.6bn) also rank within the top five.
02/10/2022
Mayer Brown advises ING Bank
The new credit facility will enable Axpo to diversify its financing structure and expand the sustainability component of its corporate financing.
02/10/2022
Family Offices Say Disclosure Plan Invites Theft, Kidnapping
Many countries already mandate companies disclose beneficial owners and some, like the U.K., make the information public.
02/09/2022
Financial Markets Regulatory Outlook 2022
New strategies for a changing world
02/09/2022
Proposed Addition of the Cayman Islands to the EU’s High Risk Third Countries List (the “EU AML List”)
There was a 30-day scrutiny period within which the Council of the EU or the EU Parliament was permitted to object to this proposed revision of the EU AML List
02/09/2022
How much will a Royal Will reveal? By Dhana Sabanathan, Private Wealth, Trusts & Tax Partner at Winckworth Sherwood
Whilst UK trusts are not made public, some disclosure may be required under HMRC’s trust register.
02/09/2022
Assumptions to the draft of an act amending the Polish Labour Code
According to the Ministry's statement, the draft of an act will appear in Q2 of this year and both Directives should be implemented by early August 2022 at the latest.
02/09/2022
CLO Migration from the Cayman Islands to Bermuda
Walkers has agreed an expedited process with the BMA allowing for same day consent to be granted with respect to the migration of any Cayman CLO vehicle.
02/09/2022
Mercator : Key Regulatory Updates from 2021
Mercator by Citco continues to provide updates from across the entire set of jurisdictions that Mercator operates in to help keep our multinational clients informed and remain compliant.
02/08/2022
Implications of the PRC Personal Information Protection Law for international financial institutions
This alert summarises some of the questions most frequently asked by our financial institution clients
02/08/2022
2021 Capital Markets Union package: review of the ELTIF Regulation
The ELTIF qualifies as an alternative investment fund (AIF) that allows professional and retail investors across the European Union (EU) to invest in companies and projects that need long-term, stable capital.