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.
08/08/2021
Whether these letters will undermine seriously the HSR Act review framework
08/08/2021
The Regulations are being issued two years after the promulgation of the National Payment Systems Act 2018 (NPS Act) in January 2019.
08/06/2021
The 2020 rule, previously covered by WBK here, amended the OCC regulation implementing the CRA.
08/06/2021
Additionally, the corporate governance section includes the requirements for the board of directors, internal audits, external audits, and risk management.
08/06/2021
One of the issues in dispute between the parties in SFO concerned the ownership of four Jersey situated properties and specifically, whether those properties belonged beneficially to a certain individual
08/05/2021
No changes have been proposed to the apprenticeship levy paid by the largest employers, through which the scheme is part-funded.
08/05/2021
The rationale for this change is to provide protection to investors at a stage when there is still limited public information available.
08/05/2021
An important element of Keepwell Deed is that the Chinese parent company undertakes obligations to its subsidiaries.
08/04/2021
This option raises some data protection and privacy issues and the Government makes it clear in its guidance to employers that they must adhere to data protection legislation.