The following Financial Services practice note Produced in partnership with Kelly Sheppard of Moore Stephens provides comprehensive and up to date legal information covering:
BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance on the impact of Brexit on prudential regulation, see Practice Note: Impact of Brexit: CRR and prudential regulation—quick guide.
The Capital Requirements Directive (2013/36/EU) (CRD IV) enables credit institutions and their subsidiaries that are financial institutions which meet certain conditions, to passport services to customers in other EEA Member States either by establishing a branch or by providing services on a cross-border basis. This Practice Note deals with the requirements that must be complied with should a firm wish to passport its services into or out of the UK and should be read in conjuction with the Practice Note: General passporting requirements under CRD IV.
A credit institution refers to a firm that accept deposits or equivalent repayable funds from the public and grants credits for their own account, which are typical activities of a bank.
A financial institution includes:
entities that acquire holdings as their principal activity
asset management companies, and
firms conducting relevant activities as listed in Annex I of CRD IV (Article 34 of CRD IV), but
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Coronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. For guidance, see Practice Note: Coronavirus
This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.You should also consider if the proceedings will be
The Third EditionThe third edition of the Standard Commercial Property Conditions was published on 27 April 2017. It is an update to Standard Commercial Property Conditions (Second Edition) (the Second Edition), which was published in June 2004. It is intended to reflect the changes in law and
There are several offences of tipping-off and prejudicing an investigation that apply to the regulated sector. There is also an offence of prejudicing an investigation that applies only to the unregulated sector. Both sectors are subject to an additional offence of interfering with documents.This
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