2010
26.04.10
Liability of issuers in connection with published information – an extension of the regime
Issuers of securities admitted to trading on regulated markets are liable for fraudulent misstatements in periodic disclosures to the market. They are also liable for any dishonest concealment of a material fact in such publications.
05.01.10
Extension of the Approved Persons Rules
The Financial Services Authority (FSA) has extended the Approved Persons Rules beyond the directors of firms to include those "exercising significant influence". Firms have to apply for approval for such persons before 6th February 2010.
2009
01.05.09
Alternative Investment Fund Managers Directive - a sledgehammer to crack a nut?!
This week the European Commission revealed its proposals for a directive on Alternative Investment Fund Managers.
2008
21.08.08
Money laundering and terrorist financing
On 8 August 2008, the Joint Money Laundering Steering Group (JMSG) issued guidance on the meaning and importance of "equivalent jurisdictions".
10.07.08
Are your terms and conditions up to scratch?
The Financial Services Authority's (FSA) paper, "Fairness of terms in consumer contracts: a visible factor in firms treating their customers fairly", lays bare its views regarding the terms and conditions used in firms' standard form consumer contracts.
11.06.08
CC finds fault with PPI industry
On 5 June 2008, the Competition Commission (CC) published its provisional findings regarding competition in the Payment Protection Insurance (PPI) industry.
25.04.08
High Court ruling on bank charges
The High Court has handed down judgment in the first stage of the OFT's challenge to the legality and fairness of bank charges. For all you need to know on the judgment, read Wragge & Co's expert analysis.
23.04.08
Banking update: report and review on recent cases
The proposed new general pre-action protocol, traceability of payments, receivers and foreign debts, unfair relationships and the Consumer Credit Act and the Uniform Rules for Collection; Wragge & Co's Banking & Finance experts bring you the latest news.
2007
29.08.07
Consumer Credit Act 2006: Post-contract information on arrears and default sums
This is the second of two briefing notes looking at the Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007 which were laid before Parliament on 4 April 2007.08.08.07
06.02.07
Commission publishes final report on retail banking sector inquiry
On 31 January 2007, the European Commission published its final report on the inquiry into the retail banking sector. The European retail banking sector is estimated to have generated gross income equivalent to about two per cent of total EU GDP in 2004.
