Commercial and Retail Banking
The day after its policy statement on the review of the client assets regime for investment business, the FCA published its consultation paper on client money held in individual savings accounts (ISAs), including proposed changes to the current rules. Eversheds looks at the key questions.
Law Firm: Eversheds | Published: 18 June 2014 | Practice Area: Regulation and Compliance
Since the Soviet Union's dissolution in 1991, Russia has adopted new legislation at a rapid pace. It remains a country in transition, with a continually developing legal system. This guide presents an overview of the the legal system and regulation of business activities in the country.
Law Firm: Baker & McKenzie | Published: 18 June 2014 | Practice Area: Cross-border: Commercial and International Trade
This global financial markets newsletter highlights areas of uncertainty currently characterising the market, with subjects covered including post-acquisition high yield bond exits, the impact of regulatory change on securitisation, and the challenges facing credit rating agencies.
Law Firm: DLA Piper | Published: 18 June 2014 | Practice Area: Capital Markets and Debt Securities
In its decision in Ian Charles Hannam v The Financial Conduct Authority, the Upper Tribunal provided highly anticipated and much needed clarification on the definition and treatment of inside information. Travers takes a detailed look at the case and suggests practical steps for firms to consider.
Law Firm: Travers Smith | Published: 18 June 2014 | Practice Area: Regulation and Compliance
Macfarlanes rounds up news of relevance for M&A lawyers, this week focusing on the new consumer contract regulations which came into force last week, as well as a case which centred around the question of whether access to a prospectus on a website can be subject to the acceptance of conditions.
Law Firm: Macfarlanes | Published: 17 June 2014 | Practice Area: Mergers & Acquisitions
The Foreign Account Tax Compliance Act (FATCA), which takes effect on 1 July this year, has implications for many 'financial institutions' which may otherwise be unaware, such as professional trustees, trusts and family offices. Macfarlanes looks at reporting obligations under the new regime.
Law Firm: Macfarlanes | Published: 16 June 2014 | Practice Area: Regulation and Compliance
Newly published rules have provided guidance on the operation of the Free Trade Account, which was first introduced last December to enable residents of the Shanghai Free Trade Zone to take advantage of liberalisation efforts. The rules will be seen as a welcome development, as Linklaters reports.
Law Firm: Linklaters | Published: 13 June 2014 | Practice Area: Sale and Supply of Goods and Services
This finance bulletin from Travers Smith contains an overview of recent market developments and trends in finance, including a spotlight on process agents. Other subjects covered include auditor appointment clauses, schemes of arrangement, and the exercise of distress as a remedy.
Law Firm: Travers Smith | Published: 04 June 2014 | Practice Area: Regulation and Compliance
In June 2012, the FSA issued a final notice against Barclays for attempting to manipulate LIBOR. Further notices against other banks followed, and it became clear that the fallout from the scandal was set to spread much wider. This briefing focuses on the key developments over the last year.
Law Firm: Nabarro | Published: 04 June 2014 | Practice Area: Regulation and Compliance
Macfarlanes rounds up news of interest for M&A lawyers, including the definitive guidelines on fraud, bribery and money laundering offences published by the UK’s sentencing council, and the Supreme Court ruling that an LLP member can be a 'worker' within the meaning of the Employment Rights Act.
Law Firm: Macfarlanes | Published: 03 June 2014 | Practice Area: Mergers & Acquisitions
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