Welcome to the weekly Financial Services highlights from the Financial Services team for the week ending 14 March 2019. This week’s edition of Financial Services highlights provides an aggregation of the news reported by the LexisPSL Financial Services team over the past week and includes (1) news items relating to the UK’s decision to leave the EU (2) updates from UK Regulators (3) updates from EU and International Regulators (4) updates from industry bodies and market participants (5) new and updated content and (6) dates for your diary from Financial Services.
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Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
There may be times when, rather than assigning the benefit of an agreement to a third party, the original parties wish instead to end their obligations to each other under that agreement and, in effect, recreate it, with the third party stepping into the shoes of one of the original parties. This is
Codicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more
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