SFTR reporting update – regulatory forbearance for backloading obligation for all phases
As noted in our SFTR reporting update for buy-side firms, one of the obligations under SFTR is the need to report certain historic SFTs...
As noted in our SFTR reporting update for buy-side firms, one of the obligations under SFTR is the need to report certain historic SFTs...
Recent focus of market participants in the debt markets has rightly been on both the immediate liquidity issues faced by businesses in...
ISDA has submitted a letter on behalf of 21 industry associations and their members requesting a delay to further initial margin (IM)...
Lockdown and social distancing restrictions in the UK and elsewhere have made it significantly more difficult for businesses to execute...
Although it feels like a lifetime ago, it was only last month that the EU added the Cayman Islands to its "blacklist" of non-cooperative...
Leading figures at the United Nations have called on member states to ease their sanctions regimes in the wake of the Covid-19 crisis....
Virtual case management conference: how it worked in practice
Earlier this week, Macfarlanes held a virtual full day case management...
Covid-19 has proven an extraordinary challenge to the health of people globally. Governments have imposed travel restrictions, both...
Earlier this month we published a briefing following the Financial Conduct Authority's (FCA) statement on Covid-19 preparedness. We noted...
Yesterday (19 March 2020), the Financial Conduct Authority (FCA) announced a set of expectations for general (non-life) insurance firms...
The 2002 Distance Marketing Directive (DMD) wasn’t drafted with social isolation and Covid-19 in mind but it contains an exception to the...
Tax is complicated, and many tax-related questions have more than one potential answer.
HMRC has today published a consultation on a...
From 18 June 2020, the regulatory obligation under EMIR on certain types of fund to report derivative transactions to an approved trade...
The European Union has imposed instant restrictions on the export of personal protective equipment outside of its territory. Companies...
Last night the Chief Treasury Secretary announced that the long awaited Off-Payroll Worker (IR35) tax reforms would be delayed by one...
In last week's Government budget, the Chancellor of the Exchequer confirmed that Crown preference would return but that this would be...
In a public statement today, ESMA announced that it has issued a decision, effective immediately, temporarily requiring the holders of...
Last week, the Loan Market Association (LMA) hosted another seminar focused on the transition from LIBOR to alternative interest rates....
On 31 January, Brexit became a reality and financial services firms now have less than nine months to finalise and implement their Brexit...
Entrepreneurs' Relief was widely expected to be abolished or curtailed in this year's Budget given that the Conservative Party manifesto...
HM Treasury (HMT) yesterday launched a consultation on a proposed new framework for the post-Brexit marketing of non-UK funds to retail...
Obscured by the other (perhaps understandably) more high-profile measures in yesterday’s Budget (Wednesday 11 March) was a potentially...
The Chancellor presented the Spring Budget on Wednesday 11 March. It contains significant commitments to spending in a number of sectors....
There's not much good news about at the moment and as one client put it earlier today - you don't often hear "good news" and "tax...
The FT reported last week that a perceived boom in private debt is turning into a frenzy with the asset class in “bubble territory”....
Hot off the heels of their success in the Court of Appeal, upholding the first unexplained wealth order (UWO) obtained in the UK, it is...
Reid and Emblin v HMRC involves an interesting grab bag of “hot topics” in tax litigation. The case arises out of challenges to...
At the end of 2021 it is expected that LIBOR will cease to be published. While some in the market appear to be awaiting forward looking...
The Financial Conduct Authority (FCA) has published its long-awaited feedback statement on patient capital and authorised funds (FS20/2),...
Last week, Macfarlanes hosted a breakfast panel discussion on the year ahead for the purpose-built Private Rental Sector (PRS) market....
With the twin goals of ensuring public confidence in the safety of healthcare AI and encouraging innovation and investment, 12 UK...
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