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) PRA publishes final policy on UK CRR definitions transfer into Rulebook...
A round-up of financial services developments, including (among other things) IOSCO publishes Supervisory Toolkit for AI use in capital markets....
A round-up of financial services developments, including (among other things) FMSB sets out good practice for grey market trading....
This week's edition of Financial Services weekly highlights includes: HMT policy statement sets out proposed Consumer Credit Act 1974 reforms; FCA CEO...
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...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some
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
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