Enforcement Watch Roundup Issue 41: September 2023 Editor's Note In this most recent period, we have seen both ends of the spectrum. At one end, the FCA being sharply criticised by the Upper Tribunal. At the other, the FCA limbering up for a new financial promotions regime. Read the full note Enforcement Highlights News Upper Tribunal roundly rejects FCA's recklessness case seeking to ban former Julius Baer employees The Upper Tribunal has handed down its judgment in Thomas Seiler, Louise Whitestone and Gustavo Raitzin v. Financial Conduct Authority [2023] UKUT 00133 (TCC). Mishcon de Reya represented Mr Seiler. Video Disputes Nightmares: Lessons from the front line [The Julius Baer case] In our first Disputes Nightmare Scenario Flash Webinar, Adam Epstein teamed up with Ben Strong KC (One Essex Court) to share insights and practical lessons for the industry, drawn from their experiences in the hard-fought Julius Baer case. News Upper Tribunal considers impact of third party rights on issue of Final Notices On 5 May 2023, the Financial Conduct Authority ('FCA') issued Decision Notices to Banque Havilland, Edmund Rowland, Vladimir Bolelyy and David Weller. News Bastion Capital is fined £2.45 million in the FCA's fifth case related to cum-ex trading On 13 July 2023, the FCA imposed a financial penalty of £2,452,700 on strategic advisory and brokerage firm, Bastion Capital London. News What the FCA's Annual Report reveals about enforcement The FCA has published its Annual Report, looking back on the period 1 April 2022 – 31 March 2023, its first since setting out its three-year strategy in April 2022 and its first since Therese Chambers and Steve Smart took the helm as joint Executive Directors of Enforcement and Market Oversight. On the Horizon News FCA on the future of financial regulation in technology, innovation & AI In January 2022 the UK Government launched the AI Standard Hub, as part of the National AI Strategy, a new initiative intended to lead in shaping standards for Artificial Intelligence (AI) globally. News FCA drafts new social media guidelines: Guy Wilkes for Commercial Dispute Resolution Guy Wilkes, a Partner in the Finance and Banking Disputes Group, has commented for Commercial Dispute Resolution on news issued new proposed guidelines regarding the use of social media in advertising issued by The UK’s Financial Conduct Authority (FCA). News UK financial promotion regime: preparing for the new crypto marketing rules From 8 October 2023, marketing from cryptoasset firms to UK consumers will need to comply with the new UK financial promotions regime. Subscribe Never miss a publication by signing up to our mailing list Subscribe to Mailings Enforcement Watch Roundup: Subscribe Previous Issues Prev Next Issue 42 Jan 2024 Issue 41 Sep 2023 Issue 40 May 2023 Issue 39 Jan 2023 Issue 38 Sep 2022 Issue 37 May 2022 Issue 36 Jan 2022 Issue 35 Sep 2021 Issue 34 May 2021 Issue 33 Jan 2021 Issue 32 Sep 2020 Issue 31 Jun 2020 Issue 30 Jan 2020 Issue 29 Jul 2019 Issue 28 Apr 2019 Issue 27 Jan 2019 Issue 26 Aug 2018 Share
News Upper Tribunal roundly rejects FCA's recklessness case seeking to ban former Julius Baer employees The Upper Tribunal has handed down its judgment in Thomas Seiler, Louise Whitestone and Gustavo Raitzin v. Financial Conduct Authority [2023] UKUT 00133 (TCC). Mishcon de Reya represented Mr Seiler.
Video Disputes Nightmares: Lessons from the front line [The Julius Baer case] In our first Disputes Nightmare Scenario Flash Webinar, Adam Epstein teamed up with Ben Strong KC (One Essex Court) to share insights and practical lessons for the industry, drawn from their experiences in the hard-fought Julius Baer case.
News Upper Tribunal considers impact of third party rights on issue of Final Notices On 5 May 2023, the Financial Conduct Authority ('FCA') issued Decision Notices to Banque Havilland, Edmund Rowland, Vladimir Bolelyy and David Weller.
News Bastion Capital is fined £2.45 million in the FCA's fifth case related to cum-ex trading On 13 July 2023, the FCA imposed a financial penalty of £2,452,700 on strategic advisory and brokerage firm, Bastion Capital London.
News What the FCA's Annual Report reveals about enforcement The FCA has published its Annual Report, looking back on the period 1 April 2022 – 31 March 2023, its first since setting out its three-year strategy in April 2022 and its first since Therese Chambers and Steve Smart took the helm as joint Executive Directors of Enforcement and Market Oversight.
News FCA on the future of financial regulation in technology, innovation & AI In January 2022 the UK Government launched the AI Standard Hub, as part of the National AI Strategy, a new initiative intended to lead in shaping standards for Artificial Intelligence (AI) globally.
News FCA drafts new social media guidelines: Guy Wilkes for Commercial Dispute Resolution Guy Wilkes, a Partner in the Finance and Banking Disputes Group, has commented for Commercial Dispute Resolution on news issued new proposed guidelines regarding the use of social media in advertising issued by The UK’s Financial Conduct Authority (FCA).
News UK financial promotion regime: preparing for the new crypto marketing rules From 8 October 2023, marketing from cryptoasset firms to UK consumers will need to comply with the new UK financial promotions regime.