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Nov 1, 2024 | 
globalcompliancenews.com | Mark Simpson |Kimberly Everitt
The new EU Capital Requirements Directive (CRD6) establishes a new harmonised and more restrictive framework for cross-border banking and lending into the EU. The new third country branch (TCB) rules will prohibit the provision of certain banking services into the EU on a cross-border basis by firms outside the EU, unless done in accordance with limited exemptions.
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Nov 1, 2024 | 
globalcompliancenews.com | Mark Simpson |Kimberly Everitt
Author Dr. Conrad Ruppel LL.M. Browsing Dr. Conrad Ruppel is a financial regulatory partner in Baker McKenzie's Banking & Finance Practice Group in Germany, Frankfurt.
Conrad advises financial services clients, investment banks, fund managers and institutional investors on a wide range of financial regulatory issues throughout the business lifecycle. A particular focus of his work is on FinTech and digital assets projects.
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Oct 22, 2024 | 
bakermckenzie.com | Mark Simpson |Kimberly Everitt
The new EU Capital Requirements Directive (CRD6) establishes a new harmonised and more restrictive framework for cross-border banking and lending into the EU. The new third country branch (TCB) rules will prohibit the provision of certain banking services into the EU on a cross-border basis by firms outside the EU, unless done in accordance with limited exemptions.
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Oct 10, 2024 | 
globalcompliancenews.com | Karen H.Y. Man |Mark Simpson |Karl Paulson Egbert
The financial services industry continues to see significant transformation driven by rapid technological advancements (notably generative AI and digital assets), increasingly burdensome AML and sanction regimes, new ESG obligations, and ongoing consolidation within the sector. The impact of regulatory change, together with the complexity of implementation, and conflicting regulations across various jurisdictions can expose businesses to heightened regulatory risks.
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Mar 16, 2024 | 
globalcompliancenews.com | Mark Simpson |Philip Annett |Caitlin McErlane |Sarah Williams
In briefOn 13 February 2024, the FCA issued a Final Notice to Floris Jakobus Huisamen, the former director and compliance officer of London Capital & Finance plc (LCF), fining him GBP 31,800 and banning him from working in financial services in relation to misconduct connected to financial promotions issued by LCF. This Final Notice follows the FCA’s previous censure of LCF in October 2023 for connected behaviour.
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Mar 13, 2024 | 
globalcompliancenews.com | Philip Annett |Caitlin McErlane |Mark Simpson |Kimberly Everitt
We are pleased to share with you our annual briefing looking at financial services regulation and enforcement in 2024, “What does 2024 hold? Key upcoming developments and enforcement trends”. With Brexit and the pandemic firmly in the rear-view mirror, and the geopolitical ebb-and-flow settling into a somewhat more stable – if preciously perched – pattern, regulators around the world have turned their attention to less reactive, more forward-looking actions.
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Mar 6, 2024 | 
accountingweb.co.uk | Mark Simpson
Both the Government’s slowdown on various green policies in the wake of the Uxbridge and South Ruislip by-election and the Labour Party’s recent reversal of its ambitious National Grid decarbonisation spending plans have cast, in many people’s minds, some doubt over the extent of the UK’s current and future commitment to Net Zero.
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Feb 27, 2024 | 
lexology.com | Mark Simpson |Philip Annett |Caitlin McErlane |Sarah Williams |Shaneil Shah |Melody Hoay | +4 more
In briefOn 13 February 2024, the FCA issued a Final Notice to Floris Jakobus Huisamen, the former director and compliance officer of London Capital & Finance plc (LCF), fining him GBP 31,800 and banning him from working in financial services in relation to misconduct connected to financial promotions issued by LCF. This Final Notice follows the FCA's previous censure of LCF in October 2023 for connected behaviour.
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Feb 23, 2024 | 
bakermckenzie.com | Philip Annett |Caitlin McErlane |Mark Simpson |Kimberly Everitt
We are pleased to share with you our annual briefing looking at financial services regulation and enforcement in 2024, "What does 2024 hold? Key upcoming developments and enforcement trends". With Brexit and the pandemic firmly in the rear-view mirror, and the geopolitical ebb-and-flow settling into a somewhat more stable – if preciously perched – pattern, regulators around the world have turned their attention to less reactive, more forward-looking actions.
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Feb 23, 2024 | 
globalcompliancenews.com | Mark Simpson |Caitlin McErlane |Shaneil Shah |Sarah Williams
In briefOn 30 January 2024, the UK government announced its first equivalence decision in relation to the new overseas funds regime (OFR). The government has granted equivalence in respect of the pan-EEA UCITS regime, meaning that UCITS funds established in the EEA can be marketed to UK retail investors once the OFR becomes operational later this year. The FCA set out its proposals to operationalise the regime in December 2023, which we detailed in our related client alert.
