i-law.com - Newsletter (Compliance Monitor)

: FCA hands out biggest cum-ex trading fine as investigations continue into other firms; Online Published Date : 18 July 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; By Neasa MacErlean

: Widespread failures found as FCA examines retail bank lending to SMEs; Online Published Date : 18 July 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; By Neasa MacErlean

: Companies must improve climate disclosure on metrics and scenario analysis; Online Published Date : 01 August 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; By Neasa MacErlean

: Marketing rules rejigged to slash numbers of vulnerable customers drawn to high risk; Online Published Date : 01 August 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; By Neasa MacErlean

: Ex-Vodafone CEO fined £80k for negligent inside information disclosure; Online Published Date : 08 August 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; By Neasa MacErlean

: Harlequin boss found guilty nine years after Caribbean investment scheme came to light; Online Published Date : 08 August 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; By Neasa MacErlean

: Financial Services and Markets Bill: the post-Brexit platform takes shape; Online Published Date : 09 August 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; As the UK takes next steps towards its bespokefinancial services regulatory framework outside the European Union, a bill ispoised to revoke a swathe of laws and introduce a number of new measures. Emma Radmore explains how the proposedlegislation is more than just post-Brexit admin.

: Compliance failures cited by FCA in £12.5m fine on Citigroup Global Markets; Online Published Date : 22 August 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; By Neasa MacErlean

: Regulator warns BNPL sector of criminal penalties as cost-of-living crisis deepens; Online Published Date : 22 August 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; By Neasa MacErlean

: FCA under fire as no action taken against HBOS managers; Online Published Date : 02 September 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; The FCA and PRA are receiving a barrage of criticism for their decisions to take no action against the individuals running HBOS when it collapsed in 2008.

: From ‘light touch’ to Consumer Duty; Online Published Date : 06 September 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; After years of debate and in response to a succession of scandals, the United Kingdom has adopted a much more prescriptive approach to protecting financial services consumers. Scrutiny will fall not only on firms but also on the regulator to make a success of these reforms, writes Esther Martin.

: MiCA: EU expands crypto regulation; Online Published Date : 06 September 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; The European Union has proposed an ambitious piece of legislation to address regulatory gaps in relation to cryptoassets and new technologies. Charlotte Hill and Katie Fry-Paul examine the proposal as currently understood.

: IFA links with unauthorised introducers: here be dragons; Online Published Date : 06 September 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; In a recent tribunal case, over 2,000 consumers lost more than ?50 million after financial advice firms steered their pension savings to high-risk products in which an unauthorised firm had a significant interest. The regulator should use its powers to close a business or impose a new CEO, compliance officer or section 166 Skilled Person more often, says Adam Samuel.

: Insurance broker receives second fine for lax anti-bribery controls; Online Published Date : 06 September 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; A previous fine, work with a Skilled Person, along with group-wide third-party due diligence and approval processes, were insufficient to prevent corrupt payments related to Jardine Lloyd Thompson's South American business - including an instance of over US$3 million in bribes. Denis O'Connor analyses the lessons for careful consideration.

: Corporate criminal liability up against the wall; Online Published Date : 06 September 2022 | Appeared in issue: Vol 35 No 1 - 01 September 2022; It is notoriously difficult to attribute criminal liability to large corporates in the United Kingdom. Proposals from the Law Commission for reform are on the table - including the extension of 'failure to prevent' offences to cover certain fraud charges. Thomas Cattee and Susana Ferr?n Pérez examine how the criminal law has developed, challenges to establishing criminal corporate liability, along with the recent proposals.