‘New UK regulations have been published that significantly extend the duty to report financial sanctions breaches. Previously only banks, financial institutions, certain EEA credit institutions, and currency exchange businesses were obliged to report, but the duty now applies to a far broader range of professions and sectors.’
OUT-LAW.com, 14th August 2017
Source: www.out-law.com
‘Lawyers are among those who could face prosecution if they fail to report information that could undermine UK financial sanctions, after a change to the law that came into force this week.’
Legal Futures, 10th August 2017
Source: www.legalfutures.co.uk
‘Claims management companies (CMCs) will face stricter regulation when responsibility for regulation moves from the Ministry of Justice (MOJ) to the Financial Conduct Authority (FCA), though new rules stop short of a ban on cold calling and cold texting.’
OUT-LAW.com, 3rd August 2017
Source: www.out-law.com
‘The UK’s Financial Conduct Authority (FCA) is to maintain a cap set on the interest and fees charged on high-cost short-term loans after a review concluded it had benefited consumers.’
OUT-LAW.com, 31st July 2017
Source: www.out-law.com
‘The City regulator is proposing to water down stock market rules in a move regarded as an attempt to attract the world’s biggest ever flotation – of Saudi Aramco, the Gulf kingdom’s state oil company – to London.’
The Guardian, 13th July 2017
Source: www.theguardian.com
‘New rules are needed in the UK to make it clearer that it is acceptable for banks to verify the identity of new customers using video technology.’
OUT-LAW.com, 4th July 2017
Source: www.out-law.com
‘Businesses operating in the financial services, energy or telecoms sectors are to be encouraged to report their involvement in cartels directly to the Competition and Markets Authority (CMA) under proposals put forward by the regulator.’
OUT-LAW.com, 3rd July 2017
Source: www.out-law.com
‘Government guidance preventing the local government pension scheme (LGPS) from pursuing boycotts as part of their investment strategies has been found unlawful by the High Court.’
OUT-LAW.com, 28th June 2017
Source: www.out-law.com
‘Car hire purchase deals are now among most complained about policies in Britain, Ombudsman figures show.’
Daily Telegraph, 12th June 2017
Source: www.telegraph.co.uk
‘Requests from foreign authorities for the UK’s assistance in anti money laundering (AML) investigations rose last year to record levels.’
OUT-LAW.com, 12th June 2017
Source: www.out-law.com
‘Complaints about payday loans have risen sharply for the second consecutive year despite strict new regulations limiting interest charges.’
BBC News, 13th June 2017
Source: www.bbc.co.uk
‘HMRC has stepped up its criminal investigations into corporates, without waiting for the new corporate offence of failing to prevent the facilitation of tax evasion to become effective Large companies should refresh their raids and critical incident procedures in case HMRC officers appear without warning.’
OUT-LAW.com, 5th June 2017
Source: www.out-law.com
‘Victims of a failed unauthorised collective investment scheme (UCIS) can expect to receive about 40% of their investment back after the regulator secured two final confiscation orders from some of the major players in the scheme.’
OUT-LAW.com, 26th May 2017
Source: www.out-law.com
‘Victims of a land investment scam are to receive almost £2.2m in compensation after money was clawed back by the City watchdog from the eight men who were convicted of the fraud following one of the biggest investigations by the regulator. The Financial Conduct Authority (FCA) has now secured confiscation orders against all eight defendants who were found to have taken over £5m from more than 100 investors through an unauthorised investment scheme that was focused on agricultural land.’
Daily Telegraph, 24th May 2017
Source: www.telegraph.co.uk
‘A summary of legally noteworthy judicial reviews and High Court appeals regarding professional disciplinary panels and their decisions.’
Cloisters, 11th May 2017
Source: www.cloisters.com
‘The UK’s Financial Conduct Authority (FCA) has opened a review into business models in retail banking to assess the impact those models are having on competition and conduct in the market.’
OUT-LAW.com, 12th May 2017
Source: www.out-law.com
‘Business and consumer insurance policyholders may now pursue their insurers in the courts if they do not settle claims within a reasonable amount of time.’
OUT-LAW.com, 8th May 2017
Source: www.out-law.com
‘A group of investment trust companies (ITCs) cannot make out an ‘unjust enrichment’ claim against HM Revenue and Customs (HMRC) in order to recover VAT paid to their investment managers (managers) due to a mistake of law, the UK’s highest court has ruled.’
OUT-LAW.com, 25th April 2017
Source: www.out-law.com
‘The Financial Conduct Authority (FCA) will carry out an investment platforms market study in the coming year, it has announced.’
OUT-LAW.com, 20th April 2017
Source: www.out-law.com
‘”Irresponsible” car loans will be probed by the City watchdog amid suggestion that drivers could soon be made to pass mortgage-style affordability tests before leasing new motors.’
Daily Telegraph, 18th April 2017
Source: www.telegraph.co.uk
© Inner Temple Library 2017