Nov 29, 2019 Tier 1 "dining" By Macfarlanes As someone who enjoys dining out, I was interested to read this article on the restaurant scene in Mayfair. I was surprised to read that...
Nov 27, 2019 The general election and UK immigration - what are the parties offering? By Edward Reed The UK’s general election will be held on 12 December and the political parties have now released their policy manifestos which contain...
Nov 26, 2019 Bribery doesn’t pay: the SFO obtains a £15m fine for bribery offences By Neill Blundell Max Hobbs The Serious Fraud Office (SFO) has secured a fine of £15m, plus a further £1.4m in costs, against Alstom Network UK Limited (Alstom) as...
Nov 22, 2019 ESMA to focus on UCITS liquidity risks By Tiffany Cox The chair of the European Securities and Markets Authority (ESMA), Steven Maijoor, delivered the keynote address at the European Fund and...
Nov 22, 2019 General Election 2019: Real estate policy proposals By Cate Taylor Given that 67% of adults in the UK admit they don’t read manifestos and a shocking 1 in 10 don’t actually know what one is[1], we thought...
Nov 21, 2019 Closet trackers: FCA reminder on transparency and treating customers fairly By Sandeesh Shah The Financial Conduct Authority (FCA) has reminded firms about the importance of treating customers fairly (TCF) in the world of passive...
Nov 21, 2019 LIBOR transition: FCA presses firms to extend their Senior Manager arrangements to cover LIBOR risks By Macfarlanes On Tuesday 19 November the Financial Conduct Authority (FCA) published a document answering key questions which they have received on...
Nov 21, 2019 UK lawtech panel clarifies common law status of cryptoassets and smart contracts By Macfarlanes The government-backed Lawtech Delivery Panel has published a statement this week, prepared by a selection of UK judges and lawyers...
Nov 21, 2019 The NCA successfully resists the first appeal against one of its Account Forfeiture Orders By Neill Blundell Max Hobbs On 8 November 2019 the National Crime Agency (NCA) successfully defended its first contested application for Account Forfeiture Orders...
Nov 11, 2019 Update on the OECD Guidance on Country-by-Country Reporting: what has changed? By Macfarlanes The OECD updated its guidance on Country-by-Country (CbC) Reporting on 5 November 2019.These amendments provide answers to a number of...
Nov 08, 2019 Towards a global minimum corporate tax rate? By Florence Barnes The Organisation for Economic Co-operation and Development (OECD) has today set out further detail about the second limb of its programme...
Nov 07, 2019 FCA reiterates its focus on fund liquidity: fund managers to review and improve liquidity management measures By Macfarlanes The Financial Conduct Authority (FCA) published a letter to the Chairs of authorised fund managers on 4 November. This asked fund...
Nov 07, 2019 SARs in Their Eyes: the UKFIU releases its Suspicious Activity Reports Annual Report 2019 By Neill Blundell Max Hobbs The UK Financial Intelligence Unit (UKFIU) has published its Suspicious Activity Reports (SARs) Annual Report for 2019. This report...
Nov 06, 2019 The rising tide of climate disclosures By Harry Coghill Financial regulators might not be the first thing that springs to mind when thinking about climate change. But a slew of recent...
Nov 05, 2019 Tech IPOs: are dual class structures back on the agenda? By Richard Burrows After many months of seemingly going nowhere since I last blogged on this topic, perhaps a chink of light? The FT at least indicates that...
Nov 04, 2019 Cryptoassets cannot constitute money or currency, HMRC confirms By Gregory Price The market for cryptoassets, and transactions denominated in cryptocurrency, has developed fast (and is constantly evolving). Tax...