News & Analysis as of

High Net-Worth United Kingdom

Latham & Watkins LLP

It’s in the Stars - HM Treasury Recasts and Pushes Forward PISCES

Latham & Watkins LLP on

The world’s first regulated private/public crossover market is significantly redesigned as a friction-free “private up” rather than “public down” market with rethought approach to disclosure and market abuse....more

Proskauer - Regulatory & Compliance

Cancelled in March 2024: Requirements for UK High Net Worth and Self-Certified Investors Changing From 31 January 2024

This post is an update of a previous post. On 27 March 2024, government legislation (Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024 (SI 2024/301), the “March...more

Goodwin

Forward to the Past: HNW and Sophisticated Exemptions for UK Investors

Goodwin on

On 6 March 2024, following the Chancellor’s budget statement, the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024 (SI 2024/301) (the March Amendment) was...more

A&O Shearman

UK Finalizes Amendments to Financial Promotions Regime High-Net-Worth and Sophisticated Investors Exemptions

A&O Shearman on

The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) (No. 2) Order 2023 implements the governments' policy to reform the high-net-worth and sophisticated investor exemptions under the financial...more

Proskauer - Regulatory & Compliance

Requirements for UK High Net Worth and Self-Certified Investors Changing From 31 January 2024

From 31 January 2024 the exemptions available from the restriction on communicating financial promotions appliable to high net worth (“HNW”) individuals and self-certified investors are changing. The updates are...more

Cadwalader, Wickersham & Taft LLP

Changes to the UK Financial Promotions Rules

The UK’s Treasury has published its consultation response on “Financial promotion exemptions for high net worth individuals and sophisticated investors” alongside the draft Statutory Instrument making the relevant changes....more

Goodwin

UK HNW and Sophisticated Investor Exemptions: More Financial Promotion Changes

Goodwin on

We wrote on the impact of changes to the financial promotion rules that came into effect earlier this year. On 7 November 2023, the UK Government published the proposed changes to the Financial Promotion Order 2005 (FPO). The...more

Latham & Watkins LLP

HM Treasury Confirms Changes to Financial Promotion Exemptions

Latham & Watkins LLP on

Businesses relying on exemptions for high net worth individuals and self-certified sophisticated investors should ensure they are prepared to comply with the updated requirements. On 7 November 2023, HM Treasury...more

A&O Shearman

HM Treasury Proposes Amendments to the UK Financial Promotion Exemptions

A&O Shearman on

HM Treasury has launched a consultation on proposed changes to the financial promotion exemptions for high net worth individuals and sophisticated investors. The aim of the proposals is to mitigate the misuse of the...more

White & Case LLP

Financial Institutions M&A: Sector trends - June 2019: Consolidation continues at pace—mega-mergers on the horizon

White & Case LLP on

The wait is over. Whispers of mega-deals have matured into agenda items for boards of many larger European banks. Overview - 3 highlights of bank M&A: - Bank consolidation: The numbers speak for themselves—100 regional and...more

K2 Integrity

The Unexplained Wealth Order Imperative: Always Keep Your Financial House in Order

K2 Integrity on

Fact: Many wealthy individuals and families are subject to higher levels of public, governmental, and legal scrutiny. It’s imperative that they keep their financial houses in order because at some point they’ll probably be...more

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