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Read on to find out about some current issues affecting UK investment firms. Do contact us if you would like to discuss the impact of these issues on your firm.
The Government has launched a consultation on a new regulatory framework for the approval of financial promotions for unauthorised firms.
Click here to find out more: https://www.lavenpartners.com/thought-leadership/financial-promotions-approval-unauthorised-firms/
On 27 July 2020, the Joint Money Laundering Steering Group (‘JMLSG’) published two new pieces of guidance relating to Anti-Money Laundering (‘AML’) which have now been incorporated.
#Compliance #AML #JMLSG
Laven is a global consultancy specialising in software designed to streamline the compliance process, reinventing traditional consultancy with the use of RegTech.
#compliance #duediligence #regulatoryhosting #regtech
There have been a few interesting developments in European #dataprotection that non-European Economic Area (‘EEA’) companies, particularly those based in the U.S., should pay attention to in order to not expose themselves to costly regulatory risks.
Regulatory Compliance Solutions for Asset Managers
Established in 2005, Laven is a global consultancy specialising in compliance; utilising our unique Regulatory Technology, Laven Tech.
For more info see: http://lavenpartners.com
#regtech #duediligence #compliance
HM Treasury has published a consultation paper on the newly proposed regulatory framework for the approval of financial promotions.
On 27 July 2020, the FCA will replace the existing Financial Services Register with an enhanced version of the Register.
Read more: https://www.lavenpartners.com/thought-leadership/fca-launch-enhanced-financial-services/
#FCA #Compliance #Register
GDPR: CJEU invalidated the US Privacy Shield in its ruling last week. It may require firms to review their basis for international data transfers.
#gdpr #dataprotection #PrivacyShield
Laven has decided to allow all employees to continue working from home until 30 April 2021, the end of our next financial year.
Read more here: https://www.lavenpartners.com/about/news/laven-extends-wfh-until-april-2021/
The FCA has announced proposals to make permanent its ban on the mass-marketing of speculative illiquid securities, including speculative mini-bonds, to retail investors.
#minibonds #fca #compliance
Brexit Update: MiFID and AIFMD Passporting
Read more here: https://lavenpartners.com/thought-leadership/brexit-update-mifid-and-aifmd-passporting/
#fca #mifid #aifmd #compliance #passporting #brexit
FCA Announces RegData platform to replace Gabriel.
All 52,000 regulated firms that currently submit regulatory data through Gabriel will be migrated over to RegData and will need to use this system in future.
Find out more here: https://www.lavenpartners.com/thought-leadership/fca-announces-regdata-platform/
#fca #regdata #gabriel
Laven Tech Shortlisted for Best #RegTech solution at the
@HFM_Global European Technology Awards 2020!
The FCA has released advice about how to avoid new COVID-19 related scams.
Read Laven's Financial Crime update to find out more about these scams and other stories.
#compliance #aml #financialcrime
It is a pleasure to welcome Laven's new Managing Director of Business Development Martin Black to the team!
Find out more here: https://www.lavenpartners.com/company/news/staff-announcement-martin-black/
#compliance #risk #RegTech
The #FCA has released guidance on how firms should address paper-based processes during the COVID-19 lockdown.
Recently, we have seen increased use in the Document Exchange function on LavenTech: an easy way to share, request and analyse documents.
How will the GDPR be affected by Brexit?
Find out how to be ready for January 2021 with Laven's latest article: https://www.lavenpartners.com/thought-leadership/gdpr-after-brexit-what-will-change/
#gdpr #brexit #dataprotection
Reminder: CIMA extends FATCA update http://www.tia.gov.ky/pdf/AEOI_News_&_Updates.pdf
AIMA Requests Clarification from FCA over AIFM Transition Period
The FCA has announced temporary relief for the publication of annual and half-yearly reports by Authorised Fund Managers (‘AFMs’) of UK UCITS schemes and non-UCITS retail schemes (‘NURS’).
Read the full article here: