Managers of Wealth

UK and EU begin diverging on financial regulation after Brexit

Prospects for supervisory ‘equivalence’ fade as each side pursues differing rules

Dentons launches Global Bid Challenge Tracker to enable quick comparison of bid challenge laws across multiple jurisdictions

Leveraging Dentons' global platform and award-winning commitment to technological innovation, the Firm launched this innovative, free platform to allow corporate leaders to create customized user-friendly comparisons of the laws.

Charity Commission launches a campaign to refresh trustee knowledge of charity governance

The Charity Commission has launched five videos to help trustees be “certain in uncertain times”, which accompany the ‘5 minute guides’ for trustees which were published in November 2020. The videos and the guides aim to fulfil th

Sanne secure new Mutual Funds licence in the Cayman Islands

The new licence expands Sanne’s existing product offering in the Cayman Islands, adding fund administration to its existing regulated trustee and company management services capability.

Climate considerations now fully embedded across UK principal financial regulators

The UK has extended its global leadership on green finance by requiring its principal financial regulators to consider climate change, it was announced today (24 March 2021).

Banknote character - speech by Andrew Bailey

Given at the unveil of the Alan Turing £50 polymer Banknote

Jersey Funds Industry Reaches New Record Heights in 2020 in Face of Challenging Global Market Conditions

The increase reflects a period of sustained growth for Jersey’s funds industry, with the figure at the end of 2020 rising by more than two thirds (67%) over the last five years.

Kingswood removes VAT from managed portfolios

This is the latest in a trend of DFMs removing VAT from their MPS offerings, as firms attempt to stay competitive with one another.

HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions

Requirement to apply Enhanced Due Diligence for higher risk jurisdictions.

KPMG 2021 CEO Outlook Pulse Survey

Preparing for a new reality

Ban on leaving the UK enforceable by £5,000 fine

The travel ban does not apply to those going to the common travel area of the Channel Islands, Isle of Man and the Republic of Ireland unless that is not the final destination.

Swiss Banker Wins Massively Lower Jail Term

The 47-year-old was arrested in July 2018 as part of a U.S. sweep against PDVSA corruption.

FCA review of MiFID II product governance rules

The FCA selected a case study product from each asset manager – all products assessed were UK authorised CISs available to retail investors on both an advised and non-advised basis.

Addleshaw Goddard: Financial Services & Banking News

The aim of the consultation is to inform the Commission on remaining obstacles

Ashurst advises Negentropy Capital Partners on Italian investments

The Ashurst team led by partners Antonios Nezeritis and Isabelle Lentz advised on the Luxembourg aspects of the investments.

SJP: Tax year-end: financial tasks to complete before 5 April

As we ease out of lockdown, opportunities to invest before the end of the tax year shouldn't be ignored.

BlackRock hires law firm to investigate systemic racism claims

The probe has been launched in response to an open letter published by two former employees last week.

Swiss supreme court reverses freeze on Angolan tycoon's $900 mln fortune

Personal asset freeze was among largest in Swiss history

Treasury Committee publishes BoE response to inquiry into future of financial services in the UK

The Financial Policy Committee (FPC) is ‘committed to the implementation of robust prudential standards in the UK.

UBS Settles in for Long Wait in French Case

The Swiss bank's long-awaited appeal of a 2019 conviction is over. It will have to wait longer than anticipated for the final verdict.

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