by Leela | 2021-06-22 | Industry News
The Technology and Construction Court has recently handed down 754 pages worth of judgment in the case of CIS General Insurance Limited v IBM United Kingdom Limited (2021), following just over a month-long hearing. The judgment addressed a number of topics that are...
by Leela | 2021-06-21 | Industry News
On 24 May 2021 the Financial Conduct Authority (“FCA”) published a supervisory notice (the “Notice”) which it issued to Marshall Sterling Investment Management Ltd (“Marshall”) on 16 February 2021, which set out a number of requirements relating to their appointed...
by Leela | 2021-06-16 | Industry News
American Express Service Europe Limited (“Amex”) was fined a hefty £90,000 by the Information Commissioner’s Office (“ICO”) as a result of a “serious contravention” of regulation 22 of the Privacy and Electronic Communications (EC Directive) Regulations 2003 (SI...
by Leela | 2021-06-15 | Industry News
SUMMARY AND KEY HIGHLIGHTS On 19 April 2021, the Financial Conduct Authority (“FCA”) published the second of three consultation papers on the implementation of the Investment Firms Prudential Regime (“IFPR”) (CP21/7). Key highlights detailed from the consultation...
by Leela | 2021-06-09 | Industry News
On 14 May 2021, the Financial Conduct Authority (“FCA”) published a consultation on the introduction of a new “Consumer Duty” on firms providing financial services to consumers (the “Consultation”). The aim of this “Consumer Duty” is to set a higher expectation for...
