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  • pencils pink and white

    Introduction On 30 June 2021, Singapore and the UK entered into a landmark partnership for cooperation on financial services (Financial Partnership) at the sixth UK-Singapore Financial Dialogue (Financial Dialogue).[1] The Financial Partnership, which follows shortly after the Joint Political Statement on the Singapore-UK Partnership for the Future on 4 March ...

  • watermelon bowling strike

    Until recently, directors of regulated firms were permitted to serve as directors on a self-employed basis and, at the same time, to perform their operational functions as employees. Those days are now over. This change has involved a number of stages. The first milestone in this reform was the adoption ...

  • jigsaw green

    On 22 June 2021, HM Treasury (“HMT”) published its response (the “Consultation Response”) to its earlier consultation (the “Consultation”) in July 2020, announcing changes to legislation and the regulatory framework for approving financial promotions for unauthorised persons. 1. Background Currently, authorised firms may approve the financial promotions that are made ...

  • watermelon bowling strike

    On 15 July, the FCA published its Business Plan and set out its key priorities for the year ahead. There is much talk about the FCA’s own internal transformation programme and how the organisation intends to become a forward-looking, proactive data-led regulator which is prepared to meet future disruption head ...

  • blue pink cubes

    Germany: New law published regarding remuneration of insurance intermediaries for the distribution of PPI contracts On 3 June 2021, a new law has been published in Germany which also has effect on the future remuneration of insurance intermediaries who distribute PPI contracts. The new law ("Law on the accompanying implementation ...

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