Legal

2107 articles found

Legal

Rathbones Group: Regulatory update

Rathbones Group Plc has announced that it has undertaken a Skilled Person Review following engagement with the Financial Conduct Authority (“FCA”).    The review has identified areas for improvement within the Group’s UK Wealth Management business regarding the implementation and embedding of Consumer Duty, as well as certain aspects of its compliance, oversight and assurance […]
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Legal

Finma supervisory levy continues to cause heated debate

The asset managers' association criticizes the level of the supervisory fee and demands concrete measures from FINMA to increase efficiency. At the same time, it acknowledges that the supervisory authority is actually already on the right track in this regard.   The amount of the annual supervisory fee levied by the Swiss Financial Market Supervisory […]
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Legal

One family, one framework: Monetary Authority of Singapore's new structure-agnostic SFA licensing exemption regime for SFOs

Singapore has established itself as one of the leading jurisdictions for single family offices ("SFOs"), supported by a regulatory framework that has historically accommodated a wide range of family wealth structures.    Against the backdrop of continued growth in the family office sector, the Monetary Authority of Singapore ("MAS") has announced significant changes to the […]
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Legal

FCA warns of Coutts clone

The Financial Conduct Authority (FCA) has warned that fraudsters are copying the details of Coutts and have contacted individuals while pretending to be the firm.   The regulator said fraudsters under the firm name Coutts Wealth Management have used the false details of legitimate wealth management firm Coutts & Company and have given out false […]
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Legal

UBS Group Stock Climbs 1.2% as Swiss Regulators Weigh Capital Relief

Shares of UBS Group AG UBS rose 1.2% following reports that Swiss lawmakers are considering fresh proposals to ease capital requirements imposed on the bank under Switzerland's banking reform package, according to an MSN article, which cited a Reuters report.   According to people familiar with the discussions, lawmakers are reviewing a proposal that would […]
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Legal

Withers advises Industrie De Nora S.p.A. on the acquisition of BW Water

We advised Industrie De Nora S.p.A. on the acquisition of BW Water, a fast-growing global player in the water treatment solutions business with a strong presence in Southeast Asia, from the BW Group.     Our multi-practice and cross-jurisdictional team was led by corporate partner Gary Beh and senior associate Lim Yi Hui, who were supported […]
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Legal

Wealth taxes ‘almost inevitable’ because of AI

Wealth taxes are almost inevitable as investors make strong gains from AI on stock markets, a City wealth manager has warned.   Analysts at Pictet Asset Management said there would be a “significant increase in wealth” as a result of AI, with an era of “super normal profitability” lasting another one to two years.   […]
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Legal

Guernsey shares its approach to robust company formation and transparency

Baroness Margaret Hodge, the UK Anti-Corruption Champion, and Jake Richards MP, Parliamentary Under-Secretary of State at the Ministry of Justice, visited Guernsey today (1st June 2026) at the invitation of Guernsey's government to discuss its shared fight to tackle illicit finance. Baroness Hodge last visited the island in 2018 and it was Mr Richards' first […]
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Legal

FINMA publishes Guidance on the risks associated with the use of products in individual portfolio management

In its new Guidance, the Swiss Financial Market Supervisory Authority FINMA explains the risk patterns it is increasingly observing in relation to the use of products in individual portfolio management in the context of escalation cases.    The Guidance recalls the rules that institutions must follow when products are used in individual portfolio management.   […]
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