‘The UK government has published draft legislation which would bring the fast-growing “buy now pay later” (BNPL) industry within Financial Conduct Authority (FCA) regulation and bolster protection for consumers.’
OUT-LAW.com, 17th February 2023
Source: www.pinsentmasons.com
‘The government is announcing measures to “robustly” regulate the cryptocurrency industry.’
BBC News, 31st January 2023
Source: www.bbc.co.uk
‘Recent fines issued to two banks by the Financial Conduct Authority (FCA) highlight the regulator’s continued focus on driving compliance with anti-money laundering (AML) requirements in UK financial services, an expert has said.’
OUT-LAW.com, 13th January 2023
Source: www.pinsentmasons.com
‘Financial services firms can take steps now to prepare for the planned introduction of a new system of regulation for artificial intelligence (AI) systems in the UK.’
OUT-LAW.com, 5th January 2023
Source: www.pinsentmasons.com
‘The Insolvency and Companies Court has recognised Chapter 11 Proceedings in the US in respect of the manufacturer of controversial surgical mesh products which have generated a significant number of claims worldwide. The British Claimants have had their claims stayed as a result of this recognition.’
Gatehouse Chambers, 11th October 2022
Source: gatehouselaw.co.uk
‘A housing provider specialising in shared ownership which operates in more than 190 local authority areas in the United Kingdom is under investigation by the Regulator of Social Housing over financial and governance compliance concerns.’
Local Government Lawyer, 12th July 2022
Source: www.localgovernmentlawyer.co.uk
‘The UK government has committed to the modernisation of its consumer credit regime, and plans to give the Financial Conduct Authority (FCA) more control over the rules that apply to the consumer credit market.’
OUT-LAW.com, 22nd June 2022
Source: www.pinsentmasons.com
The London Metal Exchange (LME) has been sued for $456m (£365m) by fund manager Elliott Associates following the suspension and cancellation of nickel trades earlier this year. The claim was filed in the English High Court against the trading platform and its subsidiary LME Clear.’
BBC News, 6th June 2022
Source: www.bbc.co.uk
‘Specialist lawyers have cautiously welcomed the chancellor of the exchequer’s announcement that so-called stablecoins – cryptoassets with a value pegged to that of a conventional fiat currency – are to “be brought within the scope of regulation”. The announcement is part of a package of measures, including the promise of a Royal Mint “non fungible token” (NFT), to make the UK “a global hub for cryptoasset technology and investment”.’
Law Society's Gazette, 7th April 2022
Source: www.lawgazette.co.uk
‘Around three million now-dead people can continue to be part of a mammoth group action against Mastercard after the Competition Appeal Tribunal today ruled that anyone living in the UK when the claim form was filed should be part of the class.’
Law Society's Gazette, 9th March 2022
Source: www.lawgazette.co.uk
‘Boris Johnson has said that Russian oligarchs will no longer have a hiding place for their “ill-gotten gains” in the UK under legislation being introduced in parliament this week.’
The Guardian, 28th February 2022
Source: www.theguardian.com
‘Banks will be forced to refund fraud victims who transfer money to scammers under Government-backed plans to make repayments compulsory.’
Daily Telegraph, 19th November 2021
Source: www.telegraph.co.uk
‘The Lord Chancellor spoke during the 38th annual Symposium held at Jesus College, University of Cambridge – to give an update on the government’s progress and plans in relation to economic crime.’
Ministry of Justice, 10th September 2021
Source: www.gov.uk/government/organisations/ministry-of-justice
‘Will England and Mark Watson consider the proposed new duty of care, suggested by the Financial Conduct Authority and the issues it could bring in the current climate.’
Carmelite Chambers, 19th August 2021
Source: www.carmelitechambers.co.uk
‘Customers of doorstep lender Provident Financial can claim compensation for mis-sold loans after the High Court backed a partial repayment scheme.’
BBC News, 4th August 2021
Source: www.bbc.co.uk
‘The 2007-2008 financial crisis and the devastating reminder that banks were not immune from failure, brought about a raft of regulatory changes designed to protect customers and the wider economy. These included, if all else failed, bespoke administration procedures for banks, building societies and investment banks contained within the Banking Act 2009 (“BA 2009”).’
Radcliffe Chambers, 22nd July 2021
Source: radcliffechambers.com
‘The UK’s financial watchdog has announced that it will not formally oppose Provident Financial’s plans for its doorstep lending unit in court, even though it has said it does not support its compensation scheme for customers who were mis-sold loans.’
The Guardian, 14th July 2021
Source: www.theguardian.com
‘The High Court has refused to issue an order to prevent a high-profile collapsed company’s investors from trying in the future to reclaim the legal fees paid by its boss in defending him from a civil claim.’
Legal Futures, 6th July 2021
Source: www.legalfutures.co.uk
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