News

Secondary ticketing deadline

As of midnight on tonight (17 January), viagogo, StubHub and Ticketmaster are all required to have overhauled their processes to improve information about tickets listed for resale. This follows Competition and Markets Authority (CMA) enforcement action. The changes being made The changes will ensure that from midnight on the 17 January, any new ticket listed [...]

January 17th, 2019|Comments Off on Secondary ticketing deadline

Misleading advertising for Over 50s Life Cover

The Financial Conduct Authority’s (FCA) financial promotions team have seen promotions for Life Policies for the over-50s where they believe consumers could be misled into thinking they are buying a policy that will cover their funeral costs. Proceeds of these policies can be used for payment of, or towards, the cost of a funeral. However, [...]

January 17th, 2019|Comments Off on Misleading advertising for Over 50s Life Cover

ESMA reports on accepted market practices under MAR

The European Securities and Markets Authority (ESMA) has published today its annual report on the application of accepted market practices (AMP) in accordance with the Market Abuse Regulation (MAR). AMPs are a defence against allegations of market manipulation. In particular, dealings in financial markets which are carried out for legitimate reasons and in conformity with an established [...]

January 16th, 2019|Comments Off on ESMA reports on accepted market practices under MAR

FCA launches new online portal for mutual societies

The FCA has launched a new online portal for mutual societies. The portal is a gateway to their Mutuals Team and provides a quicker and easier way for societies to manage their information, submissions and applications. Mutual societies can now complete tasks online that were previously managed via post or email. This will enable faster [...]

January 16th, 2019|Comments Off on FCA launches new online portal for mutual societies

ESAs announce multilateral agreement on the exchange of information between the ECB and AML/CFT competent authorities

The European Supervisory Authorities (ESAs) approved on 10 January 2019 the content of the Multilateral Agreement on the practical modalities for exchange of information between the European Central Bank (ECB) and all competent authorities (CAs) responsible for supervising compliance of credit and financial institutions with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations under the fourth Anti-Money Laundering [...]

January 16th, 2019|Comments Off on ESAs announce multilateral agreement on the exchange of information between the ECB and AML/CFT competent authorities