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News & views

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London’s offshore financial services future

As a financial centre, London has long had an ‘offshore’ feel about it. Post-Brexit, those offshore characteristics are likely to strengthen, with implications for the UK’s regulation, taxes and infrastructure.  

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Outstanding provisions from the pre-election Finance Act

Prior to the General Election, the Finance Bill that was then before Parliament was passed in truncated form, to become the Finance Act 2017. The then Government indicated that if it was returned to power it would introduce another Finance Bill containing the provisions that had been omitted.

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Five top-tips for grant-making trusts & foundations

Grant-giving foundations & charitable trusts face a difficult balancing act in demonstrating that their recipients are spending their funds in an appropriate manner. Our top-tips outline some fundamental principles for you to consider when providing funding to your partners.

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MiFID II : governance and organisational requirements

In addition to changes to market structure, conduct of business and transparency, MiFID II will introduce extensive requirements in respect of internal management, organisational arrangements, individual responsibilities and governance. The reform takes provisions derived from the Capital Requirement Directive (CRD IV) that were originally intended for banks and large institutions, and extends these to all MiFID firms.

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Call for Government to publish insolvency forecasts for Brexit

The Department for Exiting the European Union (DExEU) should publish its forecasts on what impact different Brexit scenarios will have on UK insolvencies, to help UK PLC start vital contingency planning.

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Addressing the needs of vulnerable consumers

Being in vulnerable personal circumstances can make it difficult for an individual to make sensible decisions around buying and using financial products and services. It can also make people more susceptible to scams and mis-selling.

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The future of regulation in the shadow of Brexit

With the Prime Minister Theresa May indicating that there is insufficient time to replace European bodies with a new British regulatory regime, the implications of Brexit look to have limited short term impact on Financial Services regulation. However, beyond March 2019, what would a hard or soft Brexit look like in terms of future regulation?

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Protect yourself from phishing scams

The recent cyber attacks around the world have highlighted the need to ensure individuals are aware of the risks posed by phishing scams and are not tricked into either downloading harmful material online or providing personal or financial information to fraudsters.

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MiFID II: common misconceptions

With only seven months to go until its implementation date, MiFID II is one of the most talked-about topics in the financial industry. However, we are still finding that a number of firms fall victim to some misinterpretations and common misconceptions about the changes brought about by MiFID II.

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Update your systems now or face losing data

You will have seen in the press recently that a massive cyber-attack has had an adverse impact on organisations worldwide.

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Director bans lengthen as the Insolvency Service cracks down

The number of company directors receiving longer bans for corporate wrongdoing has hit a six-year high as the Insolvency Service continues its crackdown on rule-breaking directors.

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Insolvency Service clamps down on bankrupt gamblers and speculators

The Insolvency Service is clamping down on individuals who have become bankrupt as a result of ‘gambling, speculation or unnecessary extravagance’.