‘Certain open-ended retail funds that invest primarily in ‘illiquid’ assets, such as property, will be subject to new rules from next year, the Financial Conduct Authority (FCA) has announced.’
OUT-LAW.com, 1st October 2019
Source: www.pinsentmasons.com
‘It is a truism that Brexit will have a significant impact on banks and the wider financial services industry. The loss of passports by UK firms has received some attention from the non-specialist media, and is relatively well-understood. However, the loss of passports, significant as it is, is just one of many issues. Others have received no or little coverage outside the industry. In this blog, we will touch upon some of them. To do so, we need to step back and consider the very legal nature of a bank.’
OUP Blog, 30th September 2019
Source: blog.oup.com
‘A parliamentary inquiry has been launched into the Football Association and English Football League’s financial governance of clubs following the expulsion of Bury FC from the Football League.’
Daily Telegraph, 5th September 2019
Source: www.telegraph.co.uk
‘The Solicitor General discusses some of the UK’s key successes in tackling economic crime and the UK government’s ambitious Economic Crime Plan.’
Attorney General’s Office, 2nd September 2019
Source: www.gov.uk/ago
‘Government plans to combat money laundering, fraud and other economic crimes have come under fire for allowing banks that have previously been implicated in wrongdoing to play a key role in writing the new rules.’
The Independent, 13th July 2019
Source: www.independent.co.uk
‘The UK’s markets regulator has proposed a ban on financial instruments linked to digital “cryptocurrencies” such as Bitcoin, warning that such products could cause huge losses for retail consumers unlikely to understand their risks or value.’
The Guardian, 3rd July 2019
Source: www.theguardian.com
‘The Financial Conduct Authority (FCA) is to explore whether to use its power to cap the fees charged by personal injury claims management companies (CMCs), it has emerged.’
Legal Futures, 24th June 2019
Source: www.legalfutures.co.uk
‘The City watchdog has raised fresh concerns that thousands of consumers are being wrongly advised to cash in their defined benefit pension, putting them at greater risk of financial insecurity in old age.’
The Guardian, 19th June 2019
Source: www.theguardian.com
‘The government has launched an independent inquiry into the collapse of London Capital & Finance, the investment firm at the centre of a mounting £236m financial scandal in which thousands of investors lost money. Dame Elizabeth Gloster, a leading high court judge specialising in corporate failures, finance and fraud, will lead the investigation into the company and the oversight of the City watchdog ahead of its collapse.’
The Guardian, 23rd May 2019
Source: www.theguardian.com
‘In early May the UK government became the first in the world to declare an environment and climate change emergency. The impact of climate change will affect every aspect of daily life, and generates a number of significant financial risks.’
OUT-LAW.com, 21st May 2019
Source: www.out-law.com
‘The Brexit party funding row shows how technology has outpaced electoral law.’
The Guardian, 21st May 2019
Source: www.theguardian.com
‘Government orders FCA inquiry into £236m scandal surrounding investment firm.’
The Guardian, 1st April 2019
Source: www.theguardian.com
‘The head of the UK’s Financial Ombudsman Service (FOS) has confirmed that the body has the power to require financial services firms to make reasonable adjustments for consumers with disabilities or to stop discriminating against people with other ‘protected characteristics’ where it considers they have not been treated fairly, and has already done so on occasion.’
OUT-LAW.com, 29th March 2019
Source: www.out-law.com
‘Goldman Sachs has been fined £34.4m by the City regulator for misreporting millions of transactions over a decade.’
The Guardian, 28th March 2019
Source: www.theguardian.com
‘The UK’s Financial Conduct Authority (FCA) has set out its priorities for the future regulation of the consumer credit sector, including the impact of the Senior Managers and Certification Regime (SMCR).’
OUT-LAW.com, 27th March 2019
Source: www.out-law.com
‘A change of rules aimed at helping lower the housing costs of thousands of so-called “mortgage prisoners” has been proposed by the City watchdog.’
BBC News, 26th March 2019
Source: www.bbc.co.uk
‘Nearly half of legal regulators do not have undertake enough supervision of anti-money laundering (AML) efforts, according to the organisation set up to scrutinise them.’
Legal Futures, 14th March 2019
Source: www.legalfutures.co.uk
‘Financial firms could be ordered to pay up to £350,000 in compensation by a UK ombudsman in response to complaints raised about their acts or omissions from April this year.’
OUT-LAW.com, 11th March 2019
Source: www.out-law.com
‘The City watchdog is considering fresh guidelines around the sale of private polling data to hedge funds looking to profit from major political events such as Brexit.’
The Guardian, 15th January 2019
Source: www.theguardian.com
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