The Money Laundering Reporting Officer (MLRO)This Practice Note provides information on the role of the nominated officer and the Money Laundering...
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
Second charge mortgage regimeSecond charge mortgages definedA regulated second charge mortgage is a loan secured on a borrower’s property that is used...
Financial Conduct Authority—objectives and principlesThe role of the FCAThe Financial Conduct authority (FCA) forms part of the regulatory structure...
This week's edition of Financial Services weekly highlights includes: the FCA’s eight portfolio letters on implementation of the Consumer Duty; HM Treasury’s proposed exemption for crypto promotions; HM Treasury’s and the BoE’s plans for a ‘digital pound’; the PRA’s proposals for dealing with
This week's edition of Financial Services weekly highlights includes the second instalment of the monthly column by Sara Cody of Linklaters on the FCA’s consumer duty, and the FCA’s discussion paper on updating and improving the UK asset management regime, plus dates for your diary over the coming
Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so
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
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