Banking and finance law

Criminal Finances Act 2017 - what organisations need to do now to manage risk

Posted by on

Our expert explains the changes to the Criminal Offences Act and what you need to to to reduce the risk to your business. More …

Fourth Money Laundering Regulations

Posted on

On 26 June 2017, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ("the New Regulations") came into force. Read an overview here. More …

General Data Protection Regulation ((EU) 2016/679)

Posted on

the GDPR will become directly applicable in all EU member states and, despite Brexit negotiations, the UK Government has confirmed that it will be implementing these new rules in full. Designed to be more future-proof than its predecessor. More …

Witnessing a deed

Posted on

In certain circumstances, a party's signature to a deed must be attested by a witness, but what are the rules around who can sign as a witness? More …

FCA bans clauses restricting clients' choice of future supplier in relation to primary market services.

Posted on

The FCA published its Policy Statement 'Investment and corporate banking: prohibition of restrictive contractual clauses'. This details the FCA's decision to ban firms from entering into agreements which contain restrictive clauses. More …

Consumer credit firms duty of responsibility

Posted on

By 2018 the Duty of Responsibility which came into force on 10 May 2016 will apply to all senior managers in firms holding FCA permission, including senior managers of consumer credit firms. More …

Implications for lenders when taking security over shares in a Scottish company

Posted on

The Department for Business, Energy & Industrial Strategy has clarified that a person taking security over shares in a Scottish Company must appear on the company's Register of People with Significant Control. More …

Possible new security rights for Banks

Posted on

The European Commission published a consultation that included the protection of secured creditors from a borrower's default. Click here to read the full article. More …

Court of Appeal considers whether using LMA terms amount to dealing on a party's "written standard terms of business"

Posted on

In this case, a syndicate of banks had entered into a loan agreement with a borrower using the LMA model form of syndicated facility agreement. Click here to read the case and the outcome. More …

Senior Managers and Certification Regime – Extension Update

Posted by on

The long awaited FCA consultation on the extension of the SM&CR to non-banking authorised firms is finally here; so how does it look? More …