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2 Oct 2019, 7:01 am
This follows the recommendations outlined in HM Treasury’s independent review of the prudential supervision of the Co-operative Bank published earlier in March 2019, which encouraged the Bank of England and the PRA to consider whether there should be constraints on the extent to which deposit-taking institutions can encumber their assets in normal circumstances and how best to factor encumbrances into the recovery and resolution plans for these institutions. [read post]
1 Oct 2019, 6:51 am
Examples of this are enforcement of the right to the national minimum wage by HM Revenue and Customs (HMRC), enforcement of the laws on modern slavery and worker exploitation by the Gangmasters and Labour Abuse Authority (GLAA) and enforcement of employers’ duties in relation to health and safety at work by the Health and Safety Executive (HSE). [read post]
26 Sep 2019, 4:56 pm
He found that the PM’s advice to HM the Queen on prorogation was, as a matter of high policy and political judgment and thus non-justiciable. [read post]
26 Sep 2019, 8:04 am
The FCA reports that the main updates relate to: extending the proposed duration of the directions issued under the TTP from 30 June 2020 to 31 December 2020; updating the provisions relating to prudential requirements in its directions to reflect new HM Treasury legislation and FCA exit instruments published since 29 March 2019. [read post]
23 Sep 2019, 9:30 pm
Odeon Associated Theatres Ltd v Jones (HM Inspector of Taxes) (1971): A Delphic Pronouncement and a Fundamental TensionJudith Freedman10. [read post]
18 Sep 2019, 3:23 am
On 16 September 2019, HM Treasury published a letter from John Glen, Economic Secretary to the Treasury to Sir William Cash, House of Commons European Committee Chair, providing an update on the current status of the proposal for an EU Regulation on the recovery and resolution of central counterparties (CCPs). [read post]
12 Sep 2019, 4:29 am
All three First Division judges have decided that the PM’s advice to the HM the Queen is justiciable, that it was motivated by the improper purpose of stymying Parliament and that it, and what has followed from it, is unlawful. [read post]
9 Sep 2019, 4:30 am
The FCA also proposes to amend the rules in COLL relating to property authorised investment funds – consultation period is two months; Chapter 4 – minor FCA Handbook amendments to update references to the UK Corporate Governance Code – consultation period is two months; Chapter 5 – changes to Disclosure Guidance and Transparency Rules sourcebook to implement the European Single Electronic Format – consultation period is two months; Chapter 6 – changes to implement… [read post]
2 Sep 2019, 6:50 am
On 30 August 2019, HM Treasury published a letter (dated 27 August 2019) from John Glen, Economic Secretary to the Treasury to Lord Boswell of Aynho, House of Lords EU Committee Chair, addressing concerns regarding uncertainty around the content of the European Commission’s (the Commission) proposed Regulation on European crowdfunding service providers for business and the related Commission proposal for a Directive making consequential amendments to the MiFID II Directive relating to… [read post]
31 Aug 2019, 6:33 am
The HMS ABC will explore the potential of biotechnology to drive and shape the future of clinical care and research. [read post]
30 Aug 2019, 5:00 am
On July 9, Britain’s HMS Queen Elizabeth, the new 65,000 ton aircraft carrier slated for use in the South China Sea, was forced to return to Portsmouth after a leak was discovered. [read post]
20 Aug 2019, 1:21 pm
Tuesday announced new joint solutions to extend mobile network connectivity using an integrated combination of VNC’s deployable LTE technology with Hughes Jupiter and HM satellite systems. [read post]
20 Aug 2019, 5:11 am
HM Treasury’s review may propose changes to Part VII of the Companies Act 1989. [read post]
5 Aug 2019, 4:47 am
HM Treasury would then have the duty to act promptly in light of the recommendation. [read post]
1 Aug 2019, 8:49 am
The FCA states that the final guidance will inform further work being carried in this area, including: Consultation Paper 19/22: Prohibiting the sale to retail clients of investment products that reference cryptoassets (CP19/22); HM Treasury’s consultation on whether further regulation is required in the cryptoassets market, particularly in relation to unregulated cryptoassets; HM Treasury and FCA work on transposing the Fifth Anti-Money Laundering Directive (5AMLD). [read post]
31 Jul 2019, 8:51 am
On 30 July 2019, the Financial Markets Law Committee (FMLC) published a letter it had sent to HM Treasury concerning the implementation of the Fifth Anti-Money Laundering Directive (5MLD) and cryptoassets. [read post]
23 Jul 2019, 4:39 am
Among others, the FCA recommends in the longer term that HM Treasury consider if there is value in reviewing the credit union and society legislation. [read post]
21 Jul 2019, 4:03 pm
HM Courts & Tribunals Service revealed that a judge’s emails were automatically forwarded to a malicious account in Nigeria. [read post]
19 Jul 2019, 7:39 am
On 18 July 2019, HM Treasury published an updated memorandum of understanding (MOU) between the Bank of England (BoE) (exercising its prudential regulation functions) and the FCA setting out the high-level framework they will use to co-ordinate and co-operate in carrying out their respective responsibilities. [read post]
19 Jul 2019, 7:34 am
The JMLSG states that the final board approved texts have been submitted to HM Treasury for approval, and it will publish a notification of approval on its website once received. [read post]
