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Showing 16511 - 16520 of 16910 matches

  • Lloyd’s: FATCA

    01/08/2012
    This Lloyd’s market bulletin sets out information on how FATCA is likely to affect the Lloyd’s Market and the approach Lloyd’s... intends to take to minimise the impact.
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  • SFO: Kaupthing – judicial review judgment

    01/08/2012
    In this press release, SFO notes the High Court judgment following judicial review proceedings heard in May 2012 brought against SFO... by Robert and Vincent Tchenguiz and companies and trusts through which their business was conducted. SFO notes that it will provide any assistance required to the suggested review of the process of obtaining warrants. SFO will bring in specialist knowledge as and when required. It concludes that the High Court did not consider “the merits of the future of the investigation” and that SFO "will continue with the investigation with renewed focus and vigour".
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  • BIS/IOSCO: Recovery and resolution of financial market infrastructures

    31/07/2012
    This consultation report outline issues that should be taken into account for different types of financial market infrastructures when putting in... place effective recovery plans and resolution regimes that are consistent with the principles and key attributes previously set out by BIS/IOSCO. An accompanying cover note (second link below) lists specific issues on which comments are sought. Responses should be received by 28 September 2012.
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  • EC: Commission sends supplementary statement of objections to Visa

    31/07/2012
    The EC has informed Visa of additional concerns about possible violations of EU antitrust rules concerning MIFs set by Visa. The... SSO relates to MIFs set by Visa for transactions with consumer credit cards in the EEA. The EC’s preliminary view is that these MIFs restrict competition between banks and infringe EU antitrust rules that prohibit cartels and restrictive business practices. At this stage, the EC states that it also doubts that Visa's MIFs are necessary to create efficiencies that benefit merchants and consumers and could therefore be entitled to an exception from these rules.
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  • FSA Board minutes

    31/07/2012
    FSA has published the summary board minutes for its meeting held on 24 May 2012. Topics include: AuditCo report; FCA... sub-group report (it is noted that an “awayday in October would consider the detail of the [FCA] supervisory model and the resource implications for this”); FSA, FSCP, FPPC and SBPC annual reports. The minutes also refer to “an update on the judicial review of a decision in an Enforcement case … the Executive would be considering whether to appeal the decision”.
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  • EC: Opinion of the European Economic and Social Committee on the ‘Proposal for a Directive of the European Parliament and of the Council amending Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings of collective investment in transferable securities (UCITS) and Directive 2011/61/EU on Alternative Investment Fund Managers in respect of the excessive reliance on credit ratings’

    31/07/2012
    This has been published in the Official Journal.
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  • SFO: Innospec Ltd

    31/07/2012
    SFO reports that Paul Jennings, a former CEO of Innospec Ltd, has pleaded guilty to one charge of conspiracy to corrupt... Iraqi public officials and other agents of the Government of Iraq. He has already admitted his part in corruption to secure supply contracts. Sentencing was adjourned.
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  • HMT/HMRC: Contractual schemes for collective investment

    31/07/2012
    HMT has published a draft of The Collective Investment in Transferable Securities (Contractual Scheme) Regulations 2012 for technical comment following the... consultation on contractual schemes for collective investment that was issued in January 2012. The revisions build on comments received during the consultation, and further discussions with stakeholders including FSA. It now invites written technical comments on these regulations to be received by 3 September 2012. In addition, HMRC has published drafts of The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2012, The Stamp Duty and Stamp Duty Reserve Tax (Collective Investment Schemes) (Exemptions) Regulations 2012 and The Value Added Tax (Finance) Order 2012 for comment by 3 September 2012. These are available to download via the third link below.
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  • FSA: FG12/18: Sale and rent back review 2011

    31/07/2012
    In March 2011, FSA carried out a thematic review of the sale and rent back market and published it as a... guidance consultation. A finalised version has now been published together with a feedback statement. The review highlighted widespread poor practice among sale and rent back firms and FSA took immediate action in order to address these failings and continues to monitor activity in the market.
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  • SFO: LIBOR

    31/07/2012
    SFO notes that the Director of SFO, David Green QC, is satisfied that existing criminal offences are capable of covering conduct... in relation to the alleged manipulation of LIBOR and related interest rates. The investigation, announced on 6 July 2012, involves a number of financial institutions.
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