Middle East Anti-Bribery and Corruption Regulations Legal Guide 2018

Welcome to the first edition of our Anti-Corruption Regulation Legal Guide for the Middle East. We are delighted to launch this publication, which presents the legislative framework regulating bribery and corruption across arrange of Middle East jurisdictions, drawing upon the combined knowledge and experience of our lawyers, as well as qualified and experienced counsel in each of the jurisdictions covered. We … Read more

Corporate Crime update – January 2018

Welcome to the January 2018 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 jurisdiction, please click on the name of the jurisdiction below. Read more

EU: MiFID Review – phase two begins

The European Securities and Markets Authority (ESMA) is consulting on the implementation of the revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).  MiFID II and MiFIR are expected to come into application by end 2016/early 2017, and will apply across the European Union, extending also to member states of the European Economic Area under the … Read more

UK: Use of skilled persons reports in Q4 13/14, and over the year as a whole

Last week the FCA published an update on skilled person reports commissioned in Q4 2013/14.  Of the ten reports commissioned, half related to banks, including building societies, and two to investment management firms.  We have pulled together the available published data to give a snapshot of the use of skilled persons over the full year. Read more

UK: Financial Conduct Authority (FCA)’s Risk Outlook and Business Plan for 2013 published

The FCA’s Risk Outlook (FCA RO) has been published today, setting out the regulator’s current thinking on conduct in financial markets by analysing the root causes and emergence of conduct risk, and identifying the forward-looking risks that the FCA deems pose the greatest risk to its objectives.  Whilst the document inevitably focuses on consumer detriment arising from the wrong … Read more

FSA consults on overhauled client money rules for insurance intermediaries

The FSA has issued a consultation paper on significant changes to the Client Money Rules in CASS 5 which apply to insurance intermediaries. The proposed changes will be of significant interest both to intermediaries themselves, and to insurers, whose contractual relationship and payment terms with intermediaries will be affected by the changes.  Our briefing provides … Read more

The Lehman client money judgment: Supreme Court upholds Court of Appeal decision

The Supreme Court handed down its judgment yesterday in relation to the client money application relating to Lehman Brothers International (Europe) (LBIE). The judgment has a number of implications for firms which hold client money, and for firms who hold money with banks and other firms as clients themselves.   Our briefing summarises the three issues considered … Read more