Requirement to Report Breaches of Financial Sanctions (UK)

Finance and Legal
The requirement to inform HM Treasury’s Office of Financial Sanctions Implementation of known or suspected breaches of financial sanction was extended to ‘independent legal professionals‘ * and other ‘relevant businesses or professionals by ‘The European Union Financial Sanctions (Amendment of
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FCA Targets Four New Forms of High Cost Credit (UK)

Finance and Legal
10/08/2017 Unarranged overdrafts, rent-to-own, home-collected credit and catalogue credit have been identified as four areas of high cost credit that raise significant concerns by a Financial Conduct Authority review that will lead to a consultation on proposed tailored solutions in
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Helping Innovative UK Start-Ups Become World-Beating ‘Unicorns’ (UK)

Finance and Legal
10/08/2017 While cutting edge start-ups flourish in the UK, the evidence suggests that lack of suitable long-term finance (patient capital) is preventing them from realising their potential to join the elite group of world-leading firms valued in excess of $1bn
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Tribunal Fee ‘Prevented Access to Justice’ (UK)

Finance and Legal
07/08/2017 The landmark judgment, in which the Supreme Court on 26 July upheld an appeal by Unison and ruled that employment tribunal fees introduced in 2013 were unlawful, had a number of immediate effects, eg the government stopped collecting fees
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Cap on Charges for Accessing Openreach’s ‘Ducts and Poles’ (UK)

Finance and Legal
07/08/2017 Charges for access to the Openreach network of underground ducts and telegraph poles that form the essential infrastructure of the UK broadband network will be capped by Ofcom in order to boost competition by helping create a level playing
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