by Victoria Smith|16 March 2022|Industry News
BRIEF BACKGROUND In its report on Electronic Execution of Documents (Law Com No 386) published in 2019 (the “Report”), the Law Commission set out its high level conclusions regarding the validity of electronic signatures (“E-signatures”). They confirmed that: E-signatures are capable of being used to execute a document (including deeds) provided that the signatory intends […]
Read moreby Vicki McEwan|10 March 2022|Industry News
FCA RULES AND HANDBOOK Part 9A of the Financial Services and Markets Act 2000 (“FSMA”) provides the Financial Conduct Authority (“FCA”) wide-ranging powers. Under Section 137A the FCA can make legally binding rules for authorised and in some cases, unauthorised firms and individuals. FSMA contains important checks and balances on these powers, including procedures that […]
Read moreby Victoria Smith|7 March 2022|Our News
To celebrate International Women’s Day this year, we asked Emma her thoughts on topics such as: diverse teams; how her firm ‘breaks the bias’; and what more needs to be done to support women to achieve their potential. We hope you enjoy! HAVE YOU EXPERIENCED ANY DISCRIMINATION OR BIAS IN YOUR CAREER? Absolutely! Growing up […]
Read moreby Emma Cleveland|7 March 2022|Industry News
Following the Brexit transition period, the temporary permissions regime (“TPR”) was developed to ensure continuity of services for UK customers. The TPR allows European firms operating in the United Kingdom (the “UK“) via a passport to continue operating temporarily while they seek full authorisation before the Financial Conduct Authority (“FCA”). However, in order to remain […]
Read moreby Leela|28 February 2022|Industry News
On 17 December 2021, the European Securities and Markets Authority (“ESMA”) published a letter (the “Letter”) addressed to the European Commission (the “Commission”) as a response to the questions raised by the Commission in their letter dated 24 September 2021. The Commission’s letter related to a consultation on facilitating cross border investment undertakings, which included […]
Read moreby Emma Cleveland|24 February 2022|Industry News
HIGHER RISK INVESTMENT (“HRI“) STRATEGY STATEMENT In September 2021, the FCA published a Strategy Statement in relation to HRIs. The FCA describe HRIs as opportunities whereby high returns are being promised, and although product names and descriptions change frequently, examples of HRIs might include: high return bonds or mini-bonds often advertised as eligible to be […]
Read moreby Leela|17 February 2022|Industry News
Investment opportunities have become increasingly complex, digitalised and riddled with riskier products which has become further heightened by use of social media. This has proven problematic for the UK’s financial promotion regime (the “FPR”) in terms of how it can ensure that consumers are getting information fit for informed investment decision making. The consensus is […]
Read moreby Vicki McEwan|11 February 2022|Our News
We are excited to announce that our current Acting Managing Director EMEA, Leela Fair, has officially accepted the role of Managing Director for EMEA! Leela is a glowing example of our values and continues our culture of the ‘sky’s the limit’ when it comes to a career at C&Co. Since joining C&Co just five years […]
Read moreby Leela|9 February 2022|Industry News
SUMMARY As of 4 January 2022, the phase out of the London Interbank Offered Rate (“LIBOR”) has culminated in the cessation of: all Euro (“EUR”) and Swiss Franc (“CHF”) LIBOR settings; the overnight / spot next, 1-week, 2-month and 12-month sterling and Japanese Yen (“YEN”) LIBOR settings; and the 1-week and 2-month US Dollar (“USD”) […]
Read moreby Vicki McEwan|8 February 2022|Industry News
We are thrilled to announce the appointment of Warren Mead as Board Advisor to Cleveland & Co. Warren has over 25 years of in-depth experience in financial services, professional services and fintech and was previously the COO of KPMG’s advisory, tax and legal business. As an ExCo level leader, he has advised on and executed […]
Read moreWe use cookies to analyse site traffic and improve your experience. You can accept or reject analytics cookies. See our Cookie Policy.