Macfarlanes

March 27, 2020

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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...

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Rachel Richardson

March 27, 2020

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LIBOR transition in the midst of Covid-19

Recent focus of market participants in the debt markets has rightly been on both the immediate liquidity issues faced by businesses in...

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Tom Mortlock, William Sykes

March 27, 2020

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Initial margin - industry calls for delay in compliance dates for Phases 5 and 6

ISDA has submitted a letter on behalf of 21 industry associations and their members requesting a delay to further initial margin (IM)...

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Dominic Sedghi

March 27, 2020

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Signing and witnessing in the time of Covid-19

Lockdown and social distancing restrictions in the UK and elsewhere have made it significantly more difficult for businesses to execute...

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Ceinwen Rees

March 26, 2020

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Luxembourg's attack on Cayman structures

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...

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Neill Blundell, Francis Bond

March 25, 2020

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Will Covid-19 unwind global sanctions regimes? UN calls for change

Leading figures at the United Nations have called on member states to ease their sanctions regimes in the wake of the Covid-19 crisis....

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Joanna Constantis

March 25, 2020

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With practical difficulties imposed by Covid-19 - Macfarlanes holds a case management conference by video

Virtual case management conference: how it worked in practice

Earlier this week, Macfarlanes held a virtual full day case management...

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Damiano Sogaro

March 24, 2020

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Covid-19 lockdown: an additional concern for UK non-residents?

Covid-19 has proven an extraordinary challenge to the health of people globally. Governments have imposed travel restrictions, both...

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Andrew Henderson

March 24, 2020

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Telephone recording and Covid-19: some relief for FCA authorised firms?

Earlier this month we published a briefing following the Financial Conduct Authority's (FCA) statement on Covid-19 preparedness. We noted...

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Alexander Cibulskis, Madison Kaur

March 20, 2020

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Covid-19: FCA publishes expectations for general insurance firms on customer treatment

Yesterday (19 March 2020), the Financial Conduct Authority (FCA) announced a set of expectations for general (non-life) insurance firms...

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Alexandra Green

March 20, 2020

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Socially distanced contracts that aren’t distance contracts

The 2002 Distance Marketing Directive (DMD) wasn’t drafted with social isolation and Covid-19 in mind but it contains an exception to the...

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Gregory Price

March 19, 2020

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Are you sure? Telling HMRC about uncertain tax positions

Tax is complicated, and many tax-related questions have more than one potential answer.

HMRC has today published a consultation on a...

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Dan Simpkin, William Sykes, Tom Mortlock

March 19, 2020

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EMIR Refit – fund managers to bear reporting responsibility

From 18 June 2020, the regulatory obligation under EMIR on certain types of fund to report derivative transactions to an approved trade...

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Neill Blundell, Francis Bond

March 19, 2020

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EU restricts exports of safety equipment due to Covid-19

The European Union has imposed instant restrictions on the export of personal protective equipment outside of its territory. Companies...

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Philip Swinburn

March 18, 2020

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IR35 reform delayed

Last night the Chief Treasury Secretary announced that the long awaited Off-Payroll Worker (IR35) tax reforms would be delayed by one...

Timothy Bromley-White

March 16, 2020

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Crown preference and the prescribed part: A concern for secured creditors

In last week's Government budget, the Chancellor of the Exchequer confirmed that Crown preference would return but that this would be...

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Edward Karsten

March 16, 2020

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ESMA and EFTA Surveillance Authority require reporting of net short positions of 0.1% and above

In a public statement today, ESMA announced that it has issued a decision, effective immediately, temporarily requiring the holders of...

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Christine Dowdall, Timothy Bromley-White

March 13, 2020

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LIBOR transition: are you ready?

Last week, the Loan Market Association (LMA) hosted another seminar focused on the transition from LIBOR to alternative interest rates....

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Alexandra Green, Rachel Serene

March 13, 2020

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Brexit: are some senior managers suffering a false sense of security?

On 31 January, Brexit became a reality and financial services firms now have less than nine months to finalise and implement their Brexit...

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Rhiannon Kinghall Were

March 12, 2020

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Entrepreneurs' Relief: some relief, but a sting in the tail

Entrepreneurs' Relief was widely expected to be abolished or curtailed in this year's Budget given that the Conservative Party manifesto...

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Lora Froud

March 12, 2020

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Softening of the borders for Irish and Luxembourg UCITS marketed in the UK

HM Treasury (HMT) yesterday launched a consultation on a proposed new framework for the post-Brexit marketing of non-UK funds to retail...

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Neill Blundell, Max Hobbs

March 12, 2020

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An AML Budget? The Chancellor announces new anti-money laundering levy

Obscured by the other (perhaps understandably) more high-profile measures in yesterday’s Budget (Wednesday 11 March) was a potentially...

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Cate Taylor, Fiona Bishop

March 12, 2020

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Spring Budget: key policies for property development and investment

The Chancellor presented the Spring Budget on Wednesday 11 March. It contains significant commitments to spending in a number of sectors....

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Ceinwen Rees, Rhiannon Kinghall Were

March 11, 2020

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Good news story UK Budget and investment managers

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...

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Rachel Richardson

March 11, 2020

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Private debt in a frenzy?

The FT reported last week that a perceived boom in private debt is turning into a frenzy with the asset class in “bubble territory”....

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Neill Blundell, Max Hobbs

March 10, 2020

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Home is where the UWO is: the NCA obtain a new suite of high-value UWOs

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...

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Ben Webster

March 9, 2020

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Accelerated payment notices: Clarifying the rules of engagement (where the house still wins)

Reid and Emblin v HMRC involves an interesting grab bag of “hot topics” in tax litigation. The case arises out of challenges to...

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Rachel Richardson

March 5, 2020

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Cost of funds for credit funds?

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...

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Sandeesh Shah

March 4, 2020

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The long-term asset fund: have patience…

The Financial Conduct Authority (FCA) has published its long-awaited feedback statement on patient capital and authorised funds (FS20/2),...

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Christine Dowdall

March 2, 2020

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Macfarlanes hosts panel to discuss future of purpose-built private rented housing: development, funding and investment

Last week, Macfarlanes hosted a breakfast panel discussion on the year ahead for the purpose-built Private Rental Sector (PRS) market....

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Anne Todd

March 1, 2020

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A prescription for smart regulation of healthcare AI

With the twin goals of ensuring public confidence in the safety of healthcare AI and encouraging innovation and investment, 12 UK...

Contributors

Macfarlanes Archive

SFTR reporting update – regulatory forbearance for backloading obligation for all phases

LIBOR transition in the midst of Covid-19

Initial margin - industry calls for delay in compliance dates for Phases 5 and 6

Signing and witnessing in the time of Covid-19

Luxembourg's attack on Cayman structures

Will Covid-19 unwind global sanctions regimes? UN calls for change

With practical difficulties imposed by Covid-19 - Macfarlanes holds a case management conference by video

Covid-19 lockdown: an additional concern for UK non-residents?

Telephone recording and Covid-19: some relief for FCA authorised firms?

Covid-19: FCA publishes expectations for general insurance firms on customer treatment

Socially distanced contracts that aren’t distance contracts

Are you sure? Telling HMRC about uncertain tax positions

EMIR Refit – fund managers to bear reporting responsibility

EU restricts exports of safety equipment due to Covid-19

IR35 reform delayed

Crown preference and the prescribed part: A concern for secured creditors

ESMA and EFTA Surveillance Authority require reporting of net short positions of 0.1% and above

LIBOR transition: are you ready?

Brexit: are some senior managers suffering a false sense of security?

Entrepreneurs' Relief: some relief, but a sting in the tail

Softening of the borders for Irish and Luxembourg UCITS marketed in the UK

An AML Budget? The Chancellor announces new anti-money laundering levy

Spring Budget: key policies for property development and investment

Good news story UK Budget and investment managers

Private debt in a frenzy?

Home is where the UWO is: the NCA obtain a new suite of high-value UWOs

Accelerated payment notices: Clarifying the rules of engagement (where the house still wins)

Cost of funds for credit funds?

The long-term asset fund: have patience…

Macfarlanes hosts panel to discuss future of purpose-built private rented housing: development, funding and investment

A prescription for smart regulation of healthcare AI