Banking and finance law

Senior Managers Regime: FCA Publishes Final Guidance

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The deadline for the extended SM&CR regime is fast approaching! All firms will be required to have fully implemented the new regime by 9 December 2019. More …

FOS: Changes to Limits and Eligibility – Are you Ready?

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The Financial Conduct Authority (FCA) has confirmed that it intends to go ahead with its proposals to increase the Financial Ombudsman Service (FOS) award limit and extend the definition of an eligible complainant to include larger SMEs. More …

London Blockchain Week – What's new in 2019?

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Last month we saw Blockchain Week return to London. The 2018 edition had been dominated by much media fanfare given the surging value of cryptocurrencies and flood of ICO (Initial Coin Offering) fundraising and investing. It is fair to say that a lot has changed in the last 12 months. More …

The Great British Banking Revolution – Are the Digital Challenger Banks here to stay?

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Clearbank, Monzo, Revolut, Starling and Tandem; if you haven't heard of these, you soon will as they represent 5 of the most successful digital challenger banks of 2018, all of whom have just been ranked in LinkedIn's Top UK Startups 2018. More …

Security Tokens – Are we witnessing the merger of crypto and traditional financial markets?

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Initial Coin Offerings (ICOs), and their tokens, have changed dramatically during the course of 2018. Back in January, Blockchain events in London were full of millennials living off appreciating cryptocurrency assets, spending their days and nights trading utility tokens from the latest ICO to hit the chatrooms of Reddit or flash up on Telegram. More …

Regulating the "wild west" of digital currencies, crypto-assets, ICOs and smart contracts

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The House of Commons Treasury Committee has just published its Report on Digital Currencies – or as it now prefers to call them "crypto-assets" as they are not really currencies at all, at least not at the moment. More …

ICOs – Is Jersey's new regulatory regime the right one?

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In July 2018, the Jersey Financial Services Commission became the first regulator in a highly regarded legal jurisdiction to issue detailed guidance on the launch of Initial Coin Offerings (ICOs). The move has been celebrated by local legal commentators as balancing the interests of emerging fintech and cryptocurrency businesses with the requirements of good governance and regulation. More …

Brochure Disclaimer prevents Negligent Misstatement Claim

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The Supreme Court has overturned a High Court decision that allowed a property developer to claim €350,000 in damages for negligent misstatement after he relied on incorrect information from Jones Lang LaSalle, an estate agent. More …

Floating Charge

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Charges over goods can be either fixed or floating. It is the substance of the charge, rather than how it is labelled, that will determine in which camp it sits. More …

LIBOR

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The transition away from LIBOR will take time, but will be less risky and less expensive if it is planned and orderly rather than unexpected and rushed." More …