27 Mar, 2020 SFTR reporting update – regulatory forbearance for backloading obligation for all phases By Edward Karsten 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...
27 Mar, 2020 LIBOR transition in the midst of Covid-19 By Rachel Richardson Recent focus of market participants in the debt markets has rightly been on both the immediate liquidity issues faced by businesses in...
27 Mar, 2020 Initial margin - industry calls for delay in compliance dates for Phases 5 and 6 By William Sykes ISDA has submitted a letter on behalf of 21 industry associations and their members requesting a delay to further initial margin (IM)...
27 Mar, 2020 Signing and witnessing in the time of Covid-19 By Dominic Sedghi Lockdown and social distancing restrictions in the UK and elsewhere have made it significantly more difficult for businesses to execute...
25 Mar, 2020 Will Covid-19 unwind global sanctions regimes? UN calls for change By Francis Bond Leading figures at the United Nations have called on member states to ease their sanctions regimes in the wake of the Covid-19 crisis....
25 Mar, 2020 With practical difficulties imposed by Covid-19 - Macfarlanes holds a case management conference by video By Joanna Constantis Virtual case management conference: how it worked in practice Earlier this week, Macfarlanes held a virtual full day case management...
24 Mar, 2020 Covid-19 lockdown: an additional concern for UK non-residents? By Damiano Sogaro Covid-19 has proven an extraordinary challenge to the health of people globally. Governments have imposed travel restrictions, both...
24 Mar, 2020 Telephone recording and Covid-19: some relief for FCA authorised firms? By Alexandra Green Earlier this month we published a briefing following the Financial Conduct Authority's (FCA) statement on Covid-19 preparedness. We noted...
20 Mar, 2020 Socially distanced contracts that aren’t distance contracts By Alexandra Green The 2002 Distance Marketing Directive (DMD) wasn’t drafted with social isolation and Covid-19 in mind but it contains an exception to the...
19 Mar, 2020 Are you sure? Telling HMRC about uncertain tax positions By Gregory Price Tax is complicated, and many tax-related questions have more than one potential answer. HMRC has today published a consultation on a...
19 Mar, 2020 EMIR Refit – fund managers to bear reporting responsibility By William Sykes From 18 June 2020, the regulatory obligation under EMIR on certain types of fund to report derivative transactions to an approved trade...
19 Mar, 2020 EU restricts exports of safety equipment due to Covid-19 By Francis Bond The European Union has imposed instant restrictions on the export of personal protective equipment outside of its territory. Companies...
18 Mar, 2020 IR35 reform delayed By Philip Swinburn Last night the Chief Treasury Secretary announced that the long awaited Off-Payroll Worker (IR35) tax reforms would be delayed by one...
16 Mar, 2020 Crown preference and the prescribed part: A concern for secured creditors By Timothy Bromley-White In last week's Government budget, the Chancellor of the Exchequer confirmed that Crown preference would return but that this would be...
16 Mar, 2020 ESMA and EFTA Surveillance Authority require reporting of net short positions of 0.1% and above By Edward Karsten In a public statement today, ESMA announced that it has issued a decision, effective immediately, temporarily requiring the holders of...
13 Mar, 2020 LIBOR transition: are you ready? By Christine Dowdall-Platt Timothy Bromley-White Last week, the Loan Market Association (LMA) hosted another seminar focused on the transition from LIBOR to alternative interest rates....