Tag Archives: UK

Market abuse update – July 2016

The Market Abuse Regulation (MAR) and the Criminal Sanctions (Market Abuse) Directive came into application in Europe on 3 July 2016.  Various outstanding pieces of secondary legislation were published in the Official Journal shortly before then, and further material has … Continue reading

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Filed under Americas, Asia, Australia, Europe, European Regulation, France, Hong Kong, Uncategorized, US

Recent developments in Scottish and English bribery enforcement

On 5 April 2016, The Scottish Crown Office and Procurator Fiscal Service ("COPFS") announced the latest resolution of a Bribery Act enforcement action against the Glasgow-based logistics company, Braid Logistics (UK) Limited. Braid agreed to pay £2.2 million pursuant to … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, UK, Uncategorized

Divisional Court rules that SFO procedure for isolating privileged material is lawful

The handling of material which is potentially subject to legal professional privilege is an important and often contentious matter in the investigations context.  In a recent decision which addresses the practical aspects of evidence handling, the  Divisional Court dismissed a … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, Investigations, UK

Problems with unit-linked products

Unit-linked insurance products have recently given rise to a number of regulatory issues. These cover: mis-selling; the responsibility of the insurer on the one hand and the intermediary on the other; the impact of Solvency II on the calculation of technical … Continue reading

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Filed under Europe, European Regulation, FCA, PRA, Retail Banks, Uncategorized

Ombudsman determinations, fraud and nemesis

Ombudsmen within the Financial Ombudsman Service (FOS) make decisions on complaints by customers of financial firms. An example of such a decision is an award of compensation for mis-selling of payment protection insurance. An ombudsman’s decision becomes final and binding … Continue reading

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Filed under Insurance, UK Regulations, Uncategorized

Insurance Regulation in 2015

So many developments are in the pipeline that we expect 2015 to be a landmark year for the insurance sector.  In this briefing, we consider how regulation may develop over the year.  We start by considering the prudential side and … Continue reading

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Filed under EU, Insurance, UK

UK: The Davis Review: recommendations for improvement in FCA processes

On 10 December 2014 the FCA published the Davis Review in full together with the FCA’s formal response.   It provides a detailed account and analysis of the events leading up to and immediately after the publication of The Telegraph story … Continue reading

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Filed under FCA, UK

Interim relief from Iran sanctions extended to November 2014

In January 2014, the P5+1 (China, France, Germany, Russia, the UK and the US) agreed a six month suspension of EU and US sanctions against Iran as part of the Geneva Joint Plan of Action (the “JPoA”).  It was announced … Continue reading

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Filed under Americas, China, France, Germany, Russia, UK

Corporate Crime Update – June 2014

Welcome to the June 2014 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each … Continue reading

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Filed under Americas, Asia, Australia, Bribery and Corruption, China, Corporate Crime, Dubai, EU, Europe, Hong Kong, India, Indonesia, Japan, Middle East, Pakistan, Russia, Thailand, UAE, Ukraine, US, Vietnam

The new EU market abuse and inside information regime – an overview

The new Market Abuse Regulation has been published in the Official Journal and is directly applicable in EU countries from 3 July 2016.  The Regulation will have a significant impact on all companies with securities traded on any EU market … Continue reading

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Filed under Europe, European Regulation, France, Germany, Insurance, Investment banking, Investment Funds, Italy, Spain