Executive Summary -
The UK Supreme Court last week heard arguments in the joined test cases of Johnson v FirstRand Bank Ltd, Wrench v FirstRand Bank Ltd and Hopcraft v Close Brothers Ltd. At issue were findings by the...more
The UK Financial Conduct Authority is no longer pursuing its high-profile proposal to announce the start of enforcement investigations into regulated firms. However, we may see a more robust interpretation of existing rules...more
The FCA has fined Infinox Capital, a London-based broker, for breach of MiFIR transaction reporting requirements. Infinox failed to submit reports for some 46,053 transactions executed by its single-stock CFD (contract for...more
3/10/2025
/ Compliance ,
Corporate Governance ,
Enforcement Actions ,
Enforcement Priorities ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Investment Firms ,
MiFID II ,
Regulatory Requirements ,
Reporting Requirements ,
UK
A recent High Court judgment in a case where NatWest won a claim against CMIS arising under derivative transactions raises several issues of law with practical implications for the structuring of complex finance deals....more
Quick read -
It is all but inevitable that UK enforcement agencies will start paying for information about organisational misconduct. In the US, whistleblower reward schemes have generated tens of billions of dollars in...more
2/11/2025
/ Compliance ,
Corporate Governance ,
Corporate Misconduct ,
Enforcement ,
Financial Conduct Authority (FCA) ,
Fraud ,
UK ,
Whistleblower Awards ,
Whistleblower Protection Policies ,
Whistleblowers ,
White Collar Crimes