Try our Advanced Search for more refined results
Financial Services UK
-
March 24, 2026
Middle East Residents Fleeing War Face Tax Bills In UK
British citizens who reside in the United Arab Emirates and other Persian Gulf states returning home because of the war in Iran may face tax bills from HM Revenue & Customs on overseas deals, as Britain's tax authority appears unlikely to make concessions for them.
-
March 24, 2026
Judge Sanctions Searches For Proceeds Of €58M VAT Fraud
A judge lawfully issued search and seizure warrants against a man convicted in Germany over a €58 million ($67.2 million) value-added tax "carousel" fraud, a London court has held, because there were reasonable grounds to suspect he had invested the proceeds in Bitcoin.
-
March 24, 2026
Italian Banking Giant Loses IP Campaign Against Rival
European officials have dismissed a slew of attacks from Italian cooperative bank Cassa Centrale Banca against a rival's trademark applications for "BCC Gruppo Italia" and similar variations, ruling that there was no immediate ban on the registration of a country's name.
-
March 24, 2026
Deutsche Bank Seeks To Grill Vik Over Assets In $360M Fight
Deutsche Bank urged the Court of Appeal on Tuesday to revive its bid to order Monaco-based billionaire Alexander Vik to answer questions about his company's assets, in the latest development in its effort to enforce a judgment debt of more than $360 million.
-
March 24, 2026
Janus Agrees To Bolstered Trian, General Catalyst Proposal
Janus Henderson said Tuesday it has agreed to a higher cash offer from Trian Fund Management and General Catalyst Group following its review of a competing proposal from Victory Capital Management.
-
March 24, 2026
Audit Watchdog Floats Package For Small Biz Growth
Britain's accounting regulator disclosed plans on Tuesday to support the growth of small and midsized businesses in the U.K. by cutting back on red tape.
-
March 24, 2026
Odey Regrets Coming Across To Staff As 'Creepy Old Man'
Crispin Odey said on Tuesday that he regrets coming across to young receptionists as a "creepy old man," as his challenge to a ban and fine of £1.8 million ($2.4 million) for thwarting an internal probe into sexual misconduct allegations continues.
-
March 24, 2026
NCA, Police Arrest 557 In Anti-Fraud 'Operation Henhouse'
Police arrested 557 individuals in February as part of the Operation Henhouse campaign against fraud, coordinated by the National Economic Crime Centre at the National Crime Agency and City of London Police, the NCA said Tuesday.
-
March 24, 2026
Gateley Guides Medical Supplies Biz On £30M Pension Deal
A medical supplies company has offloaded £30 million ($40 million) of its pension scheme liabilities to insurer Canada Life in a transaction steered by Gateley Legal.
-
March 24, 2026
Bank Of London Fined £2M For Misleading Capital Claims
The Bank of England said Tuesday that it has fined Bank of London £2 million ($2.7 million) for failing to act with integrity and misleading the regulator on its capital holdings, which included providing several fabricated documents.
-
March 24, 2026
WTW Unit Plans To Launch Retirement CDC Pension Program
Willis Towers Watson's LifeSight said on Tuesday that it plans to launch a retirement collective defined contribution program once government legislation goes live.
-
March 23, 2026
Four Men Convicted Of Duping Investors Out Of Millions
Four men accused of defrauding investors out of millions of dollars in get-rich-quick schemes have been convicted of fraud and money laundering, prosecutors said Monday.
-
March 23, 2026
Modi Owes $10M For Diamond Firm Loans, Bank Of India Says
Bank of India told a London court on Monday that jewelry magnate Nirav Modi has failed to pay it $10.7 million after he guaranteed to cover loans to his diamond company.
-
March 23, 2026
FCA Issues Key Guidance For Firms Offering Targeted Support
The Financial Conduct Authority outlined on Monday factors that financial services firms must consider when they create "consumer segments" to whom they can make tailored product recommendations under the "targeted support" regime.
-
March 23, 2026
FCA Opens Its Data To Palantir In Fraud Crackdown
The Financial Conduct Authority said Monday that it will give Palantir Technologies Inc. access to its regulatory data as part of its efforts to crack down on financial crime by using artificial intelligence as a resource.
-
March 23, 2026
Watchdog Tweaks Reserve Rules For Largest Pension Funds
The Pension Regulator has overhauled its capital reserve rules for the £200 billion ($268 billion) master trust sector in a bid to fuel investment in the economy.
-
March 23, 2026
Targeted Co. Calls For Safeguards Against Activist Investors
Edinburgh Worldwide Investment Trust urged the Financial Conduct Authority on Monday to review the regulatory framework to ensure stronger safeguards for the independence of boards, conflicts of interests and related-party transactions.
-
March 20, 2026
Misconduct Reports To FCA Double In Number Since 2020
The number of reports the FCA has received about misconduct by financial services firms has more than doubled in the last five years, law firm Littler has said.
-
March 20, 2026
UBS Gets Final OCC Nod For US Arm To Be National Bank
The Office of the Comptroller of the Currency has granted final approval for UBS Group AG to convert its U.S. depository subsidiary into a national bank, a move the Swiss banking giant is touting as a boon for its stateside growth ambitions.
-
March 20, 2026
FCA Halts Co.'s Operations Due To Manager's 10-Year Ban
The U.K.'s finance regulator said Friday that it had ordered a consumer credit company to stop operating and to return funds to clients, saying it found that a senior manager at the company had been banned from running a company for a decade.
-
March 20, 2026
OneCoin Investors Agree To Lift Financier's Asset Freeze
Investors pursuing litigation over the alleged $4 billion OneCoin cryptocurrency fraud have struck a deal to lift a worldwide freezing order against a British financier.
-
March 20, 2026
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen an ex-professional footballer revive a dispute with Charles Russell Speechlys, Virgin Media face a group data protection claim after hundreds of thousands of customers' personal details were exposed online for months, and Mishcon de Reya sued by a real estate private equity firm founded by a former Morgan Stanley executive.
-
March 20, 2026
MFS Faces FCA Probe After Collapse With £1B Debts
The City watchdog said Friday that it has launched an enforcement investigation into Market Financial Solutions Ltd., a U.K. provider of property loans that collapsed in February with debts of more than £1 billion ($1.3 billion).
-
March 20, 2026
FCA Warns Pension Sector Over New Transfer Demands
The Financial Conduct Authority warned pension administrators Friday to be ready for a surge of inquiries on savings transfers when groundbreaking new online portals go live.
-
March 20, 2026
Adviser Can't Get Success Fee For Fund's €150M Investment
A London court dismissed a real asset advisory firm's claim that the founder of an investment fund owes it a success fee for helping secure a €150 million ($173 million) seed investment, finding on Friday that no such agreement ever existed.
M&A, Deregulation Bring Reset To UK Asset Management
Consolidation of the asset management sector is ramping up as U.S. firms seek access to the domestic market and U.K. watchdogs loosen regulation in line with government-mandated pro-growth policies, which is expected to accelerate a spurt in dealmaking.
Ombudsman Poised To Take Consumer Duty Power From FCA
Pending legislative reforms to the Financial Ombudsman Service could hand the dispute-arbitrator power to assess whether businesses have complied with the consumer duty and other broad rules set by the Financial Conduct Authority, regulatory lawyers say.
New Fraud Unit Faces Hurdles To Take On Overseas Scams
A new anti-fraud unit built to disrupt the growing threat to national security posed by online scammers fills gaps left in the enforcement landscape, lawyers say — although there are hurdles for prosecution of suspects, particularly when many scams originate thousands of miles away.
FCA Tests Global Reach In HTX Crypto-Exchange Litigation
The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.
M&A, Deregulation Bring Reset To UK Asset Management
Consolidation of the asset management sector is ramping up as U.S. firms seek access to the domestic market and U.K. watchdogs loosen regulation in line with government-mandated pro-growth policies, which is expected to accelerate a spurt in dealmaking.
Ombudsman Poised To Take Consumer Duty Power From FCA
Pending legislative reforms to the Financial Ombudsman Service could hand the dispute-arbitrator power to assess whether businesses have complied with the consumer duty and other broad rules set by the Financial Conduct Authority, regulatory lawyers say.
New Fraud Unit Faces Hurdles To Take On Overseas Scams
A new anti-fraud unit built to disrupt the growing threat to national security posed by online scammers fills gaps left in the enforcement landscape, lawyers say — although there are hurdles for prosecution of suspects, particularly when many scams originate thousands of miles away.
FCA Tests Global Reach In HTX Crypto-Exchange Litigation
The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.
Editor's Picks
-
5 Questions For Spencer West Partner Karl Foster
The Financial Conduct Authority's approach to enforcement and consumer protection has come up against government economic growth priorities and resistance from the sector to its proposals to "name and shame" companies early on during regulatory probes.
-
UK Draft Pay Fraud Rules Open Tricky Legal Liabilities
The government's new draft legislation, which will give banks longer to investigate suspicions of fraud before they send payments instructed by customers, will create a wave of new legal liabilities and lead to regulatory hurdles, according to lawyers.
-
FCA Fires Warning Shot Over City's Consumer Duty Failings
The Financial Conduct Authority has sent out a fresh warning to financial services companies highlighting how some of them are failing to comply with its Consumer Duty regime. But experts have told Law360 that the expectations are unclear.
Expert Analysis
-
FCA Stablecoin Sandbox Indicates Shift In Crypto Regulation
The Financial Conduct Authority’s recent decision to use four companies to test stablecoin models within its regulatory sandbox provides a mechanism for testing real-world use cases, and shines a light on the U.K.'s broader strategy in the context of global stablecoin legislation, says Ben Lee at Andersen.
-
Who Will Be 1st To Prosecute New Corporate Fraud Offense?
With no prosecutions under the failure to prevent fraud offense six months on from its introduction, lawyers at BCL Solicitors explore the front-runners in the race to prosecute, and consider whether a private prosecutor might beat a state prosecuting authority to the finish line.
-
Crypto-Asset Market Downturn Is Driving Litigation Risk
Recent volatility in the crypto-asset market has placed a strain on balance sheets and laid bare weaknesses that may have been overlooked during more stable periods, increasing the risk for disputes over whether procedures or enforcement have been carried out correctly, say lawyers at Kennedys.
-
Decoding Arbitral Disputes: UK Top Court On State Immunity
The U.K. Supreme Court's recent ruling denying Spain's and Zimbabwe's bids to escape arbitration awards using state immunity claims provides significant clarification of the relationship between sovereign immunity and the International Centre for Settlement of Investment Disputes system, and reinforces the finality and enforceability of ICSID awards, says Josep Galvez at 4-5 Gray's Inn.
-
FCA's £44M Nationwide Fine Highlights AML Control Gaps
The Financial Conduct Authority’s recent £44 million fine of Nationwide Building Society for anti-money laundering control failures demonstrates that where a firm does not implement appropriate policies and remediation projects, there is a risk that noncompliance will remain unaddressed, say lawyers at Taylor Wessing.
-
How UK Securitization Reforms Will Affect Industry
The Prudential Regulation Authority’s recent proposals to reform securitization requirements will offer greater structuring flexibility, reduced operational complexity and lower compliance costs, although with the rationale for imposing stand-alone obligations on institutional investors not clear, dissenting voices are likely, say lawyers at Skadden.
-
FCA's HTX Action Shows Crypto Ad Rules Must Be Followed
The Financial Conduct Authority’s London High Court action against global crypto-exchange HTX for illegally promoting its services to U.K. consumers sends the message that it will pursue those who flout the rules from a distance and will be key in testing the extent of the U.K.’s regulatory perimeter, says Nick Barnard at Corker Binning.
-
UK Territories May Yet Prevail On Ownership Disclosure
Despite its recently launched anti-corruption strategy, the U.K. government appears to have little appetite in the short term to impose fully public ownership registers on the overseas territories, a position that will be welcomed by advisers and individuals, says Rupert Cullen at Allectus Law.
-
Striking A Balance Between AI Innovation And Regulation
The Financial Conduct Authority's recent consultation on the impact of artificial intelligence on financial services highlights the debate between regulators, the government and industry over whether current regulatory frameworks can balance innovation with risk management, say lawyers at Womble Bond.
-
FCA Enforcement Newsletter Reflects Shift Toward Openness
The Financial Conduct Authority’s inaugural Enforcement Watch newsletter provides clarity on the cases the regulator is opening and highlights its approach to early communication of enforcement activity, offering a welcome insight into its emerging priorities, says David Hamilton at Howard Kennedy.
-
Preparing For Fund Managers Directive 2 Compliance
With the Alternative Investment Fund Managers Directive 2 implementation deadline fast approaching, fund managers should be in the final stages of preparing to comply with changes in governance, policies and documents relating to liquidity management and loan origination activities, say lawyers at McDermott.
-
FCA's Investment Regime May Prove A Double-Edged Sword
The Financial Conduct Authority’s final rules on consumer composite investments intend to support retail investors in making more informed decisions while affording firms greater flexibility, but continuing with opaque methodologies will require greater operational and compliance effort in the short term, say lawyers at Fried Frank.
-
EU Foreign Subsidies Guide Brings Clarity And Questions
The European Commission’s long-awaited EU Foreign Subsidies Regulation guidelines provide helpful clarifications for companies, but with many areas remaining broadly framed, uncertainty may continue to deter investments and increase the compliance burden on organizations, say lawyers at Hogan Lovells.
-
FRC Audit Proposals Reaffirm Support For Economic Growth
The Financial Report Council’s recent proposals to prioritize audit enforcement, supervision and market reform will reward audit firms that self-police and proactively admit auditing standard breaches, signaling its aims to change the market landscape and encourage investment, say lawyers at RPC.
-
How FCA's Client Reforms May Boost Investment Access
The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.