Legal briefings from the world's leading law firms

Macfarlanes' weekly financial services update includes details on the FSA's feedback statement on recovery and resolution plan rules; guidance on payment for order flow arrangements; FSA guidelines on Stressed Value-At-Risk; and the ESA consultation on financial conglomerates directive.

By any measure, the introduction of automatic enrolment and compulsory contributions for the workforce at large represents a seismic shift in approach. There is much to be done to prepare for the changes. This briefing gives an overview of compliance requirements for employers.

The Court of Justice of the European Union has again held that a withholding tax levied by a European member state on dividends paid to non-residents - in this case investment vehicles - is an unjustified restriction on the freedom of movement of capital. Macfarlanes provide full details.

This briefing studies the recent case of PGF II SA v OMFS Company and another, in which the Technology and Construction Court considered the consequences of the late acceptance of a Part 36 offer and the effect that a refusal to mediate could have on the court's discretion on costs.

The weekly financial services update includes details on Traded Life Policy Investments; future regulation of shadow banking system; prudent valuation reporting; FSA's Retail Distribution Review newsletter; and the consultation paper on liquidity risk management for collective investment schemes.

Macfarlanes' weekly financial services update includes news on: Upper Tribunal rejects FSA decision to fine UBS executive for misconduct; FSA factsheet for investment advisers on ETPS; FSA on delivering effective corporate governance; selling technical standards; and new electronic money guidance.

The weekly financial services update from Macfarlanes includes details on the FSA's speech on preparing for the retail distribution review; an analysis of legal uncertainties around insider trading and market manipulation; guidelines on the suitability of members of the management body; and more.

This briefing from Macfarlanes' private client team provides an introduction to the basics of capital gains tax for UK-resident and UK domiciled individuals. In addition to outlining who is liable, Macfarlanes details how CGT deals with gifts; allowable expenditure; exemptions; and reliefs.

This briefing studies the recent phone hacking case of Coogan v News Group Newspapers Ltd and how it relates to the law of privilege against self-incrimination. In doing so, Macfarlanes analyses whether or not the judgment expands the scope of intellectual property.

The UK Financial Service Authority recently published the results of its review into anti-bribery and corruption systems and controls implemented by investment banks since the Bribery Act 2010 came into force in July 2011. This briefing from Macfarlanes analyses the report's key findings.