The British stiff upper lip has prevailed in cases brought by the FCA during a three year period. In total contrast to the US authorities’ penchant for court cases and restitution payments, most UK firms have settled in advance of decisions rather than contest the FCA Prominent British law firm Freshfields has conducted research with […]

This article looks at interviews with the FCA and provide practical tips in the event that you are faced with a request or demand for an interview. On what legal basis can the FCA summon you or your colleague for interview? How are these interviews carried out? If the investigating authorities show up at your […]

The PRA and the FCA have separately published statements of policy on their respective approaches to investigating and reporting on regulatory failure, as required by the Financial Services Act 2012. These statements describe how the regulators will meet the new statutory requirements to investigate possible instances of their own regulatory failure and provide reports to […]

Alleged money laundering in Sark 27 Nov 2012 A large scale investigation is underway into alleged money laundering offences in Sark. Two island residents appeared in Guernsey’s Magistrate’s Court on Monday morning following a raid involving 16 customs officers at an address in Sark on Monday 19th November. Michael Doyle, 44, of Oakwood Manor, Rue […]

Defending its interests – a profile of the Isle of Man From Profiles Nov 9 2012 BY: Mark Battersby , Editor , International Adviser 9 Nov 2012 Peel Castle, Isle of Man Over the past year, the Isle of Man (IoM) has piloted a steady course with its well diversified economy and this looks set […]

Image rights in Guernsey 25 Oct 2012 The long-awaited Image Rights legislation in Guernsey has now been published and, subject to the Guernsey legislature passing it into law next month, will be in force as of 3 December 2012. This briefing note sets out the key points of the Image Rights (Bailiwick of Guernsey) Ordinance, […]

Guernsey Financial Services Commission : GFSC makes recommendations on Retail Distribution Review 22 Oct 2012 The Guernsey Financial Services Commission (GFSC) is proposing that Guernsey should not immediately follow the UK by introducing the proposals of the UK Financial Services Authority’s (FSA) Retail Distribution Review (RDR), but instead wait and see what happens in the […]

EU intensifies sanctions against Iran and Syria 22 Oct 2012 The Council of the European Union (“EU”) decided on Monday, October 15, 2012 to intensify political pressure on the governments of Iran and Syria by strengthening existing measures as well as adopting further new sanctions. This note provides an overview of major changes that took […]