29 Dec, 2020 The UK/EU free trade agreement: 10 points for financial services firms By Tim Plews With a free trade agreement between the UK and the EU agreed on Christmas Eve, there is now more visibility on the regulatory landscape...
22 Dec, 2020 Gallaher v HMRC: the last UK reference to the CJEU? By Rhiannon Kinghall Were Gallaher v HMRC: the last UK reference to the CJEU? In the recent Upper Tribunal Tax and Chancery decision of Gallaher v HMRC, it was...
21 Dec, 2020 An end in sight or Sisyphean slog? The race to reform the international tax landscape By Macfarlanes Even amidst the disruption and uncertainty that has characterised 2020, international efforts to reform the global tax system through the...
21 Dec, 2020 The Unexplained Wealth Order reigns Supreme: the Supreme Court upholds the first ever UWO By Max Hobbs The UK Supreme Court has dismissed the final appeal made against the first ever Unexplained Wealth Order (UWO) obtained by the National...
18 Dec, 2020 Anti-money laundering teams take note: the UK publishes its national risk assessment for money laundering By Max Hobbs The UK Government has published its third National Risk Assessment of money laundering and terrorist financing (NRA). This should be of...
18 Dec, 2020 Brexit: retained EU law in the departure lounge By Ashley Greenbank The eyes of most Brexit watchers are on the trade talks in Brussels. In the background, however, the process of legislating for the...
17 Dec, 2020 Company tax residence: an important update By Gregory Price Let us consider an example. A UK group devises a transaction that requires the participation of Jersey-based subsidiaries to achieve its...
16 Dec, 2020 FCA fines hedge fund Chief Investment Officer for market abuse and prohibits him from performing regulated activities By Helen Harvey On 15 December 2020, the FCA announced it had fined a hedge fund Chief Investment Officer (CIO) £100,000 for market abuse and had...
16 Dec, 2020 UK positions itself as asset holding company destination By Rhiannon Kinghall Were Yesterday the government published its response to the Asset Holding Company (AHC) regime and issued a second round of consultation. The...
16 Dec, 2020 Transparan-sea: UK Overseas Territories commit to publicly accessible beneficial ownership registers By Max Hobbs All the inhabited Overseas Territories (OTs) of the United Kingdom (UK) have committed to adopting publicly accessible registers of...
15 Dec, 2020 FCA issues first consultation paper on new UK Investment Firm Prudential Regime By Alexandra Green Rachel Serene The Financial Conduct Authority (FCA) has issued its first consultation paper (CP) proposing rules for the UK Investment Firm Prudential...
11 Dec, 2020 Supreme Court breathes life into UK class action regime By Simon Day Alex Evans Michael Freedman In a highly anticipated judgment, the Supreme Court has today confirmed that the initial hurdle for parties to clear in seeking to bring...
10 Dec, 2020 CSSF reconfirms Brexit impact for UK firms providing services or marketing into Luxembourg By Harriet Miller Ahead of the end of the transition period, the Luxembourg regulator, the CSSF, has helpfully issued a press release reconfirming the...
10 Dec, 2020 United States to pass historic anti-money laundering legislation, including first register of corporate beneficial ownership By Francis Bond The United States Congress is expected to pass the country’s most significant anti-money laundering legislation in decades this week,...
09 Dec, 2020 Buy now, pay later - CAP publishes new guidance for online retail checkouts By Rosie Duckworth The Committee of Advertising Practice (CAP) has published new guidance on the advertising of delayed payment services (or "buy now pay...
09 Dec, 2020 Following the leader? The effect of ESG recommendations by proxy advisers By Macfarlanes One role of a proxy adviser is to provide voting recommendations to larger investors (asset managers, pension and investment funds etc)...