Articles

Search Filters

Advanced Search Advanced Search
Date range:

Showing 1 - 10 of 1173 matches filtered by 'Banking and finance'

  • Cryptoassets held by individuals: What amounts to a disposal for capital gains tax purposes

    09/08/2022
    HM Revenue & Customs (“HMRC”) continues to update and expand its guidance on the taxation of cryptoassets held by individuals. In this series, we will explore various tax topics relevant to individuals buying, holding and disposing of cryptoassets. This third article in the series considers what amounts to a “disposal” ...
  • FCA final rules challenge financial promotions of high-risk investments

    04/08/2022
    On 1 August 2022, in a bid to tackle misleading adverts that encourage investment in high-risk products, the FCA published stronger rules relating to the financial promotions of high-risk investments (HRIs). The finalised rules aim to enhance consumer protection by reducing and preventing harm from such investments that do not ...
  • Oversight of Appointed Representatives

    04/08/2022
    The Financial Conduct Authority (“FCA”) has published new rules to improve oversight over appointed representatives (“ARs”), which will take effect on 8 December 2022. These new rules are intended to address shortcomings and potential sources of harm identified by FCA in the operation of the current regime, and will mean ...
  • Cryptoassets held by individuals: What constitutes “trading” for tax purposes

    04/08/2022
    HM Revenue & Customs (“HMRC”) continues to update and expand its guidance on the taxation of cryptoassets held by individuals. In this series, we will explore various tax topics relevant to individuals buying, holding and disposing of cryptoassets. This second article in the series considers what constitutes a “trade” for ...
  • New FCA rules to open up marketing LTAFs to more investors

    03/08/2022
    The FCA has published a consultation paper (CP22/14) on broadening access to the long-term asset fund (“LTAF”) regime by retail investors and defined contribution pension schemes. The proposals reflect its wish to see investment in long-term illiquid assets as a feasible option for a wider range of investors with long-term ...
  • FCA Consumer Duty - Implementation Toolkit

    03/08/2022
    FCA has published its final rules and guidance for a new Consumer Duty that will set higher and clearer standards of consumer protection across financial services and require firms to put their customers’ needs first. Acting to deliver good outcomes should be at the centre of firms’ strategies and business ...
  • Cryptoassets held by individuals: Inheritance tax and pensions tax relief

    03/08/2022
    HM Revenue & Customs (“HMRC”) continues to update and expand its guidance on the taxation of cryptoassets held by individuals. In this series, we will explore various tax topics relevant to individuals buying, holding and disposing of cryptoassets. Inheritance Tax Inheritance tax typically arises on the deemed transfer of value ...
  • The Law Commission’s consultation paper on digital assets including proposal of third category of personal property to cover crypto-tokens and other digital assets

    02/08/2022
    The Law Commission for England and Wales has launched a significant and detailed consultation on proposals to ensure that the law recognises and protects digital assets, which include crypto-tokens, cryptoassets and non-fungible tokens (NFTs). In this article, we provide our readers with a high-level overview of some of these proposals, ...
  • English High Court permits service of court proceedings by NFT

    28/07/2022
    For the first time outside the United States and for only the second time worldwide,[1] a court has allowed the service of proceedings via non-fungible token (NFT). The judgment of Trowers J in the High Court case of D’Aloia v Persons Unknown & Others (unreported, 24 June 2022) was initially ...
  • FCA consultation on synthetic LIBOR - cessation of sterling settings and potential publication of US dollar settings

    27/07/2022
    On 30 June, the Financial Conduct Authority (the “FCA”) launched a consultation on completing the transition away from the remaining 1 month, 3 month and 6 month “synthetic” sterling LIBOR settings and 5 panel bank US dollar LIBOR settings (the “Consultation”). The Consultation closes on 24 August 2022. In this ...