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The UK Trust Registration Service and Who it Affects

The UK Trust Registration Service and Who it Affects
natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.

United kingdomRegistration serviceFourth money laundering directiveMoney launderingTerrorist financingTrust registration serviceEuropean directivesTrust registrationFifth money laundering directiveStamp duty reserveUnique taxpayer referenceEstates augustஒன்றுபட்டது கிஂக்டம்பதிவு சேவைநான்காவது பணம் சலவை உத்தரவுபணம் சலவை

Key Regulatory Topics: Weekly Update 26 Feb - 4 Mar 2021 | Allen & Overy LLP

Key Regulatory Topics: Weekly Update 26 Feb - 4 Mar 2021 | Allen & Overy LLP
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United kingdomFrance generalCity ofAndrew baileyFinancial action task forceFintech networksBanking unionGroup on sterling riskCapital markets unionHandbook administration noTreasury committeeMental health crisis moratorium englandLondon stock exchangeInternational organization of securities commissions organisationFinancial policy committeeBanking union resolution dossier

Financial institutions general regulatory news, March 2021 # 2 | Hogan Lovells

DB pension transfer redress: FCA statement on RPI changes The FCA has published a statement about its intention to amend, in mid-March 2021, its finalised guidance (FG17/9) for firms on how to calculate redress for unsuitable defined benefit (DB) pension transfers. It is making the amendments to reflect changes to the way that the Retail Prices Index (RPI) inflation measure is calculated, which the government announced in its November 2020 Spending Review. These changes are due to take effect from February 2030. The FCA explains that the finalised guidance refers to both the RPI and the Consumer Prices Index (CPI), an alternative inflation measure. The RPI change means that, from February 2030, the -1% adjustment to the RPI assumption used in the guidance to calculate the CPI assumption will not reflect the assumed difference between the RPI and the CPI. It will be too large, and some consumers may not receive the correct amount of redress. This will affect consumers who transfer

France generalUnited kingdomHouse of commons treasury committeeEuropean commission supranational risk assessmentEuropean banking authorityEuropean commission under articleFinancial action task forceEuropean commissionFinancial conduct authorityOccupational pensions authorityTreasury committeeFuneral planning authorityFinancial services compensation schemeCommons treasury committeeProduct interventionProduct governance

Global Payments Newsletter, January 2021 | Hogan Lovells

United Kingdom: HM Treasury consults on regulatory approach to cryptoassets and stablecoins On 7 January 2021 HM Treasury (HMT) published a combined consultation paper and call for evidence on the regulatory approach to cryptoassets and stablecoins. In outline, the consultation proposes: A policy approach that would involve specific requirements being implemented by independent regulators (e.g. via rules or codes of practice) within a wider framework of objectives and considerations set out by HMT. Expansion of the regulatory perimeter, with the introduction of a regulatory framework for “stable tokens” (i.e. tokens which maintain a stable value by referencing asset(s)), drawing on existing e-money and payments legislation. The FCA would authorise and supervise relevant entities carrying out certain activities in the UK. A stable token arrangement could also be subject to Payment Systems Regulator (PSR) and Bank of England regulation under certain circumstances.

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Brexit Regulation Roundup

Thursday, January 7, 2021 31 December The Brexit Transitional Period (pursuant to which the UK stayed in the Single Market and European Customs Union came to an end. The FCA updated its Brexit webpages to remind firms of the potential impact this will have. 30 December In relation to Brexit, the UK-EU Trade and Cooperation Agreement was signed, which would apply from 1 January 2021. 28 December The Prudential Regulation Authority ( PRA ) published a policy statement (PS29/20) on the implementation of the CRD V Directive (EU/2019/878) ( CRD V ). 24 December In relation to Brexit, the United Kingdom and European Union agreed in principle a Trade and Cooperation Agreement, an Agreement on Nuclear Cooperation and an Agreement on Security Procedures for Exchanging and Protecting Classified Information.

United kingdomCharlotte gerkenAmar unadkatAndrew hauserSteven maijoorFinancial action task forceEuropean commission capital markets union action planCommission implementing decisionBanking unionLaw commissionPrudential regulation authorityInternational organization of securities commissionsFinancial ombudsman serviceOccupational pensions authorityTreasury committeeNetwork for greening the financial system