Gain practical guidance on securing essential approvals and maintaining compliance with supervisory standards to stay ahead in the regulatory landscape. This concise insight helps ensure your financial services operations remain compliant, efficient, and resilient, with advice specially designed for legal professionals.
A round-up of financial services developments, including (among other things) ECB extends use of climate factors in Eurosystem collateral framework to...
This week's edition of Financial Services weekly highlights includes: FCA provides update on tackling poor practice in motor finance claims; EIOPA...
A round-up of financial services developments, including (among other things) FCA outlines expectations on management of conflicts of interest in...
The Financial Action Task Force (FATF) has published a targeted report on decentralised finance (DeFi). The report finds that 132 of 143 surveyed...
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
The Competition and Markets Authority (CMA) has identified several breaches by Monzo Bank Limited (Monzo) of the Retail Banking Market Investigation...
Insurance conduct regulation—COBS and ICOBSThe Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of...
Second charge mortgage regimeSecond charge mortgages definedA regulated second charge mortgage is a loan secured on a borrower’s property that is used...
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a
Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of
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