Former hedge fund boss Crispin Odey will attempt to overturn his financial services ban on Tuesday, in a legal challenge that experts say will test the Financial Conduct Authority's ability to sanction executives for allegedly private conduct.
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Analysis

Odey Trial To Test FCA's Personal Conduct Clampdown

By Lucia Osborne-Crowley

Former hedge fund boss Crispin Odey will attempt to overturn his financial services ban on Tuesday, in a legal challenge that experts say will test the Financial Conduct Authority's ability to sanction executives for allegedly private conduct.

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FCA Proposes Crypto-Asset Rule Change To Avoid Overlap

By Alex Davidson

The Financial Conduct Authority has proposed amendments to client rules to avoid obligations on crypto-asset activities that could overlap with requirements under the new digital regulatory regime.

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UK Master Trusts Told To Prepare For Pensions Bill

By Joel Poultney

Britain's retirement savings watchdog said on Monday that trustees of defined contribution master trusts should prepare a growth strategy before requirements set out in forthcoming pensions legislation designed to consolidate smaller plans take effect.

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LITIGATION

Retailer Can't Add Broker To Rosenblatt Negligence Case

By Hanna Vioque

A fashion retail entrepreneur cannot sue an insurance broker as part of a wider negligence case against a law firm over the collapse of his fashion brands Jaeger and Aquascutum, with a London judge ruling that he must keep the total number of defendants at 19. 

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POLICY & REGULATION

Home Office Sets Out Anti-Fraud Rule Changes For Crypto

By Alex Davidson

The Home Office set out on Monday a plan to combat cryptocurrency and investment scams and money laundering by international financial crime groups, and said it will make regulatory changes.

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UK Pension Funds Warned Over Turmoil From Iran War

By Martin Croucher

Pension fund managers should be prepared for turmoil in credit markets because of the ongoing conflict in the Middle East, a financial consultancy has warned.

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UK Insurers Call For Trial Run Of Value-For-Money Framework

By Joel Poultney

The Association of British Insurers has said the planned framework designed to strengthen oversight of the U.K.'s pension programs should be trialed before any assessments are binding, to prevent errors that might dent credibility. 

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Hotel Fund Can't Challenge Tax Method Again, Tribunal Says

By Josh White

A property fund's appeal against the U.K. tax authority's decision to reject its claim to £5.2 million ($6.96 million) in tax relief for the cost of renovating a hotel near London Luton Airport was dismissed by a London tribunal, which said the matter was already decided.

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PEOPLE

Sullivan & Cromwell Hires Another Weil Finance Partner

By Ashish Sareen

Sullivan & Cromwell LLP said Monday that it has recruited a partner from Weil Gotshal & Manges LLP to strengthen its acquisition finance practice in London, the firm's latest lateral hire from its U.S. rival as it expands in the English capital.

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LAW FIRMS IN TODAY'S NEWS

4 Stone Buildings

DWF LLP

Eversheds Sutherland

Fountain Court Chambers

Lewis Silkin

Paul Hastings

Sullivan & Cromwell

Weil Gotshal

COMPANIES IN TODAY'S NEWS

Association of British Insurers

Ipsos

Odey Asset Management LLP

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

Department for Work & Pensions

Financial Conduct Authority

HM Revenue & Customs

National Crime Agency

Ofcom

UK First-tier Tribunal

UK Pensions Regulator

UK Upper Tribunal