Tax & Regulation | 28 Aug 12
rdr clean share class need hits x border
New rules that would oblige investment funds domiciled outside of the UK to provide clean share classes to the British market if they wish to continue to market there after January 2014 are attracting growing concern from cross-border asset managers.
expat britons in europe could get winter fuel cash
Expat and UK-based pensioners have been filling the comment sections of online news websites and pensioners groups over the last few days with impassioned arguments about whether the British Government is right to seek to block a new annual winter fuel payment to some 440,000 expat British pensioners.
Profiles & Comment | 28 Aug 12
weekly currency update we 24 august 2012
Sterling holds its ground, and could move higher against the dollar over the next few weeks, as the greenback’s ‘safe haven status’ continues to erode; the euro gains on Greek compromise hopes Moneycorp takes us through last weeks currency moves
switzerlands julius baer confirms another theft
Julius Baer, the Zurich-based wealth management group that is to buy Bank of America Merrill Lynchs overseas wealth management business, has confirmed that it has suffered another theft of data involving clients who may have sought to avoid German taxes.
hk regulator in legal action against big fours
Hong Kongs Securities & Futures Commission has taken legal action against the Hong Kong arm of UK-based Big Four accounting firm Ernst & Young, for failing to produce key accounting records of a mainland company that had sought a stock market listing in Hong Kong three years ago.