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1 month ago | 
lexology.com | Laura C. Bridgewater |Lorna Emson |Alexandra Green |Michael Sholem |Helen Harvey |Madeleine Brown | +1 more
The FCA has today confirmed that it has shelved its proposals to publicise live enforcement investigations. This announcement follows unprecedented criticism from almost all stakeholders including industry and lawmakers. Read our previous article on Naming and shaming: the FCA stands firm.
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Nov 6, 2024 | 
mondaq.com | Richard Fletcher |Alexandra Green |Andrew Perkins |Michael Sholem
In a judgment with implications far beyond motor finance
industry, the Court of Appeal has dealt a blow to lenders in a
motor finance test case.
On 25 October 2024, the Court of Appeal handed down judgment on
Johnson v FirstRand Bank Ltd, Wrench v FirstRand Bank Ltd and
Hopcraft v Close Brothers Ltd, three test cases concerning the
payment of commissions to car dealers arranging motor finance.
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Oct 8, 2024 | 
lexology.com | Mary C. Niehaus |Alexandra Green
On October 3, 2024, the U.S. Internal Revenue Service (IRS) issued Notice 2024-73 (Notice) providing further guidance regarding long-term, part-time employees (LTPTEs) in Internal Revenue Code (Code) Section 403(b) retirement plans, which are plans offered by public schools, certain charities, and other tax-exempt organizations and announcing a delayed applicability date for the final LTPTE regulations applicable to 401(k) plans.
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Apr 29, 2024 | 
lexology.com | Lora Froud |Alexandra Green |Michael Sholem |Gavin Haran
Welcome to the latest edition of our investment management update. This publication has been tailored to highlight topical news, cases and changes in the law impacting the investment management sector. UKThe Transition Finance Market Review (TFMR), a government-initiated independent review, has issued a call for evidence on how to make the UK a global hub for transition finance.
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Feb 5, 2024 | 
lexology.com | Alexandra Green |Lora Froud |Gavin Haran
On 30 January, the Economic Secretary, Bim Afolami, announced that EU UCITS are deemed equivalent to UK UCITS, in regulatory terms. Therefore, managers of EU UCITS will be eligible to apply for recognition under the Overseas Funds Regime (OFR) when the OFR begins.
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Feb 5, 2024 | 
blog.macfarlanes.com | Alexandra Green |Lora Froud |Gavin Haran
On 30 January, the Economic Secretary, Bim Afolami, announced that EU UCITS are deemed equivalent to UK UCITS, in regulatory terms. Therefore, managers of EU UCITS will be eligible to apply for recognition under the Overseas Funds Regime (OFR) when the OFR begins.
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Dec 27, 2023 | 
mondaq.com | Lora Froud |Alexandra Green |Michael Sholem |Gavin Haran
Welcome to the latest edition of our investment management
update. This publication has been tailored to highlight topical
news, cases and changes in the law impacting the investment
management sector.
On 30 November 2023, the FCA issued a statement on the
disclosure of costs and charges under PRIIPs, MiFID II and the
UCITS regulations. The FCA will give firms the flexibility
to disclose a breakdown of the aggregated costs that must be
disclosed to retail investors.
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Dec 4, 2023 | 
lexology.com | Mary C. Niehaus |Alexandra Green
On November 27, 2023, the U.S. Internal Revenue Service (IRS) released long-anticipated proposed regulations regarding eligibility requirements for long-term, part-time employees (LTPTEs) for cash or deferred arrangements (CODAs) under Section 401(k) of the Internal Revenue Code (the Code).
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Nov 27, 2023 | 
mondaq.com | Lora Froud |Alexandra Green |Michael Sholem |Gavin Haran
Welcome to the latest edition of our investment management
update. This publication has been tailored to highlight topical
news, cases and changes in the law impacting the investment
management sector.
On 30 October 2023, the FCA confirmed that it will not remove
the Long-Term Asset Fund (LTAF) from Financial Services
Compensation Scheme (FSCS) protection.
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Oct 5, 2023 | 
mondaq.com | Lora Froud |Alexandra Green |Michael Sholem |Gavin Haran
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