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Sabre’s takeover of Farelogix raises competition concerns

Sabre’s proposed takeover of Farelogix raises competition concerns in the supply of IT systems used by airlines and travel agents to sell airline tickets. The Competition and Markets Authority (CMA) has been investigating the proposed $360 million takeover of Farelogix Inc (Farelogix) by Sabre Corporation (Sabre). Both companies provide IT systems that enable airlines to [...]

August 19th, 2019|Comments Off on Sabre’s takeover of Farelogix raises competition concerns

Female genital mutilation

Female Genital Mutilation (FGM) involves procedures that include the partial or total removal of the external female genital organs for non-medical reasons. Under the Female Genital Mutilation Act 2003 and the Serious Crime Act 2015, it is an offence for any person in England, Wales or Northern Ireland (regardless of their nationality or residence status) [...]

August 16th, 2019|Comments Off on Female genital mutilation

Upper Tribunal publishes decision on Andrew Tinney, the former COO of Barclays Wealth

Following contested proceedings, the Upper Tribunal has found that Andrew Tinney, the former Chief Operating Officer (COO) of Barclays Wealth and Investment Management (Barclays Wealth), breached his obligation as an approved person to act with integrity. Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, said: 'Senior management must be held to [...]

August 16th, 2019|Comments Off on Upper Tribunal publishes decision on Andrew Tinney, the former COO of Barclays Wealth

London Capital and Finance plc

On 30 January 2019, London Capital and Finance plc (LCF) appointed Finbarr O’Connell, Adam Stephens, Henry Shinners and Colin Hardman of Smith and Williamson LLP as joint administrators. These appointments have been made by order of the court. The administrators’ function is generally to act in the interest of the company’s creditors as a whole, and [...]

August 15th, 2019|Comments Off on London Capital and Finance plc

CMA breaks up assistive communication technology merger

The Competition and Markets Authority (CMA) has ordered Tobii to sell Smartbox after finding their completed merger could lead to a reduction in the range of products available and higher prices In its final report, published today, the CMA finds that the deal raises significant competition concerns in the supply of augmentative and assistive communication [...]

August 15th, 2019|Comments Off on CMA breaks up assistive communication technology merger

EBA publishes clarifications to the fifth set of issues raised by its Working Group on APIs under PSD2

The European Banking Authority (EBA) have published clarifications to a fifth set of issues that had been raised by participants of its Working Group (WG) on APIs under PSD2. The clarifications respond to issues raised on the measurement of response times of the dedicated interface, the machine-readability of the EBA register, reliance on eIDAS certificates [...]

August 15th, 2019|Comments Off on EBA publishes clarifications to the fifth set of issues raised by its Working Group on APIs under PSD2