Managers of Wealth

Stephenson Harwood advises Schroders on British Opportunities Trust launch

The Stephenson Harwood team was led by partner Alex Haynes, who was supported by senior associate Carolyn Hall and associate Daniel Whalen.

HMRC targets individuals in latest offshore undeclared tax drive, says accountants Mercer & Hole

But this time around it is being more direct suggesting that it has information that could result in criminal offences or prosecution for individuals if they do not act.

USA and Monaco agreed on Tax Exchange reports

The agreement was signed by the US IRS’s Douglas O’Donnell and Monaco’s Minister of Finance and Economy, Jean Castellini.

Blown the budget on a Ferrari? Bad news… it’s just a car

The trade mark Testarossa is registered in the EU for a broad specification of goods, covering motor cars and motor car parts.

Finma adds Zug family office to warning list

Companies are added to the warning list by Finma because they have either not provided sufficient evidence to the regulator, or the evidence that they have provided is false.

Goodwill Hunting: The Value, Protections and Role of Intangible Assets in M&A Transactions

From the very beginning of a proposed transaction, both buyers and targets must consider which covenants should be added to protect the target’s goodwill and its other intangible assets.

Governors and Heads of Supervision commit to ongoing coordinated approach to mitigate Covid-19

The timely measures pursued by the Committee at the start of the pandemic and the GHOS's agreement to revise the implementation timeline for outstanding Basel III standards added to the unprecedented range of fiscal and monetary support measures that

FCA clarifies notification requirements under UK EMIR

EU market participants will be able to use benchmarks administered in a country outside the EU until the end of 2023.

Strengthening the international financial system: Switzerland applying IMF's SDDS Plus

The Federal Council had decided in 2015 to adopt the new standard and initiate its implementation.

British banks to close EU residents’ investment accounts

Several British banks have confirmed that the accounts of investment or wealth management customers in France will close before 2021

Nasdaq to Advance Diversity through New Proposed Listing Requirements

Companies listed on the Nasdaq Global Select Market and Nasdaq Global Market will be expected to have two diverse directors within four years of the SEC’s approval of the listing rule.

Second passport demand surges by 50% amid Covid-19 restrictions

While this still remains the case, there’s also been a shift due to the pandemic.

Covid-19: FCA Handbook Notice No 82

The FCA has published the presentation slides from three forums which it convened to discuss the remedies under consideration in response to the findings of its General Insurance (GI) Pricing Practices Market Study (MS18/1).

HSBC mulls exit from US retail banking

The bank is planning a coronavirus-induced overhaul of its business model, seeking to shift its main source of income from interest rate to fee-based businesses.

SocGen Ordered to Return $150 Million of Allen Stanford Ponzi Cash

The Swiss decision marks an important victory in the Stanford liquidators’ battle to recover money the businessman stashed abroad.

Swiss court orders full access to records for Vatican financial investigation

Vatican prosecutors have been working with Swiss authorities since filing letters rogatory in December last year.

Are the FinCEN Files dangerous and defamatory?

Those disclosing SARs need to be confident that, when filing them, their data will remain confidential. If not, then they need to have the right to a remedy against FinCEN.

Finma adds four trading firms to warning list

The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.

Regulation and the Risks of Implementing Liquidity Limits for Asset Managers

Regulation is necessary and should provide a clear framework for asset managers and suitable protection for investors.

Burges Salmon head of Private Wealth named Lawyer of the Year

The event celebrates the best advisers and managers in the private wealth sector across the world with the shortlist decided by a judging panel of ten global industry experts.

Legal,Regulation,Tax & Compliance