Mar 31, 2021 Pension scheme arrangements clearing exemption – proposed EMIR extension and the UK’s approach By Edward Karsten William Sykes EU law – current law EMIR, as amended by EMIR Refit, provides that certain pension scheme arrangements are temporarily exempt from the...
Mar 30, 2021 PRA publishes its final views on operational resilience, outsourcing and third party risk management By Kaniz Gatt Yesterday the Prudential Regulatory Authority (PRA) jointly issued a policy statement (PS) 6/21 with the Financial Conduct Authority and...
Mar 29, 2021 An Englishman’s home (and his garden?) is his castle By Damiano Sogaro What do an unmown meadow, a paddock and a gentleman’s agreement to use land adjacent to their house have in common? All are insufficient...
Mar 26, 2021 Tax Day: top five points for property By Rebecca Delaney Following the Government's inaugural Tax Day, we have summarised the top five key takeaways for the property sector. 1. Business Rates...
Mar 26, 2021 ESMA finds faults with UCITS’ liquidity risk management By Gavin Haran Since Woodford’s Equity Income Fund collapsed, regulators have been especially concerned with managers’ ability to achieve promises to...
Mar 26, 2021 Charity law reform: Government accepts majority of Law Commission recommendations By Clare Wilson In 2017, the Law Commission published a report, Technical Issues in Charity Law. It acknowledged that “charities currently face...
Mar 26, 2021 Hot streak: more enforcement action from the UK Gambling Commission for AML failures By Lorna Emson The UK Gambling Commission (UKGC) has announced a £6m fine against another gambling company as a result of social responsibility and...
Mar 24, 2021 An update on HMRC's drive to uncover uncertain tax positions By Gregory Price I wrote last year about a proposal that all large businesses be required to notify HMRC in advance if they are taking a tax position that...
Mar 23, 2021 Tax day: the key points for businesses By Rhiannon Kinghall Were Today the Government published their tax policies and consultations for Spring 2021, comprised of an overview Command Paper, eight...
Mar 23, 2021 How has Brexit changed disputes with contractors or suppliers based in the EU? By Richard Alam The rules relating to disputes with a European element have changed as a result of Brexit and the end of the UK’s transition period on 31...
Mar 22, 2021 Reliance losses and another lesson in drafting liability and exclusion clauses in IT agreements: CIS Insurance Limited v IBM By Macfarlanes The recent decision in CIS v IBM, is a timely reminder of the importance of paying careful attention to the drafting of exclusions of...
Mar 22, 2021 UK Trust Registration Service – extra time granted to comply By Clare Wilson The UK Trust Registration Service (TRS), first introduced in 2017 to enact the EU Fourth Money Laundering Directive, currently requires...
Mar 19, 2021 Why diversity and inclusion are regulatory issues By Macfarlanes Earlier this week, at the launch of the HM Treasury Women In Finance Charter Annual Review, the FCA’s CEO Nikhil Rathi set out why, as a...
Mar 18, 2021 House edge: UK Gambling Commission issues another fine over money laundering failures By Lorna Emson Adam Fieldgate The UK Gambling Commission has announced a £3.4m fine levied against In Touch Games Limited (In Touch) after uncovering a series of...
Mar 17, 2021 The Pensions Regulator releases draft guidance on its approach to prosecuting new criminal offences By Macfarlanes The Pensions Regulator has published for consultation draft policy guidance outlining its approach to investigating and prosecuting the...
Mar 17, 2021 Cryptoart, artist authentication and the “original work” By Macfarlanes Buyers of artwork usually expect to own the original piece and proudly display it in their homes or at a gallery or loan it to a museum....