At the risk of woeful understatement, the City responded to the referendum result with some surprise and disappointment. The Leave vote may not be legally binding, but the government has committed itself to implement Brexit and it is a question of understanding the consequences.
The revised Market Abuse Regulation (MAR) came into force on 3 July 2016. Like several similarly important European initiatives, it suffered delays in its finalisation. Unlike certain other important initiatives (such as MiFID II), it did not benefit from a delay. Therefore, large parts of the industry spent the early stages of 2016 hurrying to …
Continue reading “Market abuse regulation – what are the key issues post-implementation?”
Close to five-and-a-half thousand British firms currently hold ‘passporting’ rights provided under various of the Single Market directives, which allow a financial services firm authorised in one European Economic Area (EEA) member state to provide certain regulated services (eg deposit-taking, lending, payment services, investment services) across the EEA without requiring separate authorisation in the other …
Arbitration is a ‘one-stop’ dispute settlement system. Arbitral awards are final in the sense that they are not subject to appeals or other usual remedies. This finality brings with it the advantage of efficiency, but carries the risk that if arbitrators make mistakes, the parties will have to live with them. In principle, there is …
In July 2012, the UK government made significant changes to the adult dependant relative immigration route which previously fell for consideration under Immigration Rule 317. The new rules contained in Appendix FM significantly changed the criteria for this visa category to the extent that, now, comparatively few applicants are successful and the category is all …
Continue reading “Adult dependant relatives and the ‘impossible’ threshold”