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Legal,Regulation,Tax & Compliance

03/04/2024

PIMFA urges Financial Conduct Authority to provide firms with the confidence they need to offer a Simplified Advice model

This will ensure that the advice given is focused on a specific outcome and client need, rather than taking consideration of the client’s wider needs and objectives which is currently required were they providing holistic advice.

03/01/2024

FSB recommends further strengthening of the framework for global systemically important banks in Switzerland

The review examines Switzerland’s implementation of the FSB’s TBTF reforms for G-SIBs.

02/29/2024

Amundi Turns Against Swiss Franc as Central Bank Intervention Seen Done

The low-yielding franc has already tumbled nearly 3% against a basket of major currencies in 2024

02/29/2024

Deferral of German exit taxes when moving to Switzerland

The German Federal Fiscal Court (BFH) recently passed a landmark decision on exit taxation, concerning the deferral of taxes for individuals moving from Germany to Switzerland.

02/27/2024

Never mind the Budget: As UK tax burden hits record highs - seven ways to give yourself a tax cut

The highest earners are also restricted by the tapered annual allowance

02/27/2024

IQ-EQ wins ‘Best Regulatory Reporting Solution’ at Fund Intelligence Operations and Services Awards 2024

IQ-EQ was awarded ‘Best Regulatory Reporting Solution’, rewarding our commitment to providing top-tier regulatory reporting services to the global market.

02/27/2024

ZEDRA and Knowa announce pioneering sole trustee governance collaboration

This collaboration introduces significant advancements in governance practices

02/26/2024

UAE Gets the All Clear From the FATF

The wealth management boom in the Middle East can continue unimpeded, with a significant obstacle now being moved out of the way.

02/22/2024

ESG ratings agreement marks a “crucial” step, but “gaps” exist: Efama

ESG rating providers will also not be allowed to provide credit rating, auditing or consultancy services to avoid conflict of interest, it pointed out.

02/21/2024

The Bahamas Removed From The European Union’s List Of Non-Cooperative Jurisdictions For Tax Purposes

The removal of The Bahamas from the EU’s list clearly underscores the significant progress made over the past year

02/21/2024

Revealed: The 36% boom in Swiss-domiciled funds

While Luxembourg-based funds have won the preference of most European countries, Switzerland has diverged.

02/19/2024

UBS's response to the lawsuit delivered to our law firm

This comprises almost 150 pages plus extensive appendices.

02/16/2024

Credit Suisse officials, KPMG beat US lawsuit over bank's demise

KPMG was accused of "active complicity," with its New York offices being "all but part of" Credit Suisse's nearby offices, before PricewaterhouseCoopers became the bank's auditor in 2020.

02/15/2024

Will Hunt move on income tax or National Insurance, inheritance tax or stamp duty?

Changes to stamp duty land tax relief are still due to be reversed from 31 March 2025, and pressure on the Government to make the changes permanent has grown.

02/15/2024

Close Brothers halts dividends amid 'uncertainty' over FCA motor finance review

Potential reinstatement in 2025

02/15/2024

Alternative fund managers face a growing threat from money laundering risks

Alternative fund managers are looking at other ways in which they can improve their AML defences in a cost-effective way

02/12/2024

Changes to FCA rules: Navigating Financial Promotions in 2024

Effective from 7th February 2024

02/12/2024

Comco report on the CS takeover takes a victory lap

This has now apparently resulted in delays in publication.

02/07/2024

Former asset manager of Prince Albert of Monaco reveals internal affairs

According to media reports, other people close to the royal family also wanted to use their assets to finance apartments and other purchases.

02/05/2024

Reform UK accepted donations from Crispin Odey despite sexual assault allegations

Disgraced financier gave the rightwing party £10,000 after investigation was published

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