EU, UK: A new definition of “Code Staff” – key issues and summary of the draft rules

The European Banking Authority (“EBA”) has published draft regulatory technical standards on the definition of Identified Staff (“Code Staff” under the UK Remuneration Code) which, when finalised, will create compulsory rules on classifying Identified Staff.  These standards are intended to harmonise the rules as to which staff are treated as Identified Staff and who are … Read more

Iran sanctions update: New EU measures in force

On 22 December 2012, three new EU measures in relation to Iran were published in the EU Official Journal.  These expand the existing suite of EU sanctions, and are likely to be relevant to any EU companies, or persons within the EU, still engaged in trade with Iran, Iranian persons or Iranian-origin goods.  Probably the … Read more