The FCA has announced that, by the end of 2014, it intends to launch a market study to conduct a full-scale competition review of the UK credit card market.
As part of the 2014 UK Budget, HM Treasury and HM Revenue and Customs published a position paper on the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) project.
From 5 April 2014 HMRC intends to target contrived arrangements which create “artificial divisions between the duties of a UK employment and an employment overseas in order to obtain a tax advantage”.
The Law Society of England and Wales recently published a practice direction with respect to the drafting of Sharia-compliant wills. There are 2.7 million Muslims living in the United Kingdom, many who wish to obtain a Sharia-compliant will for religious purposes.
UK’s Financial Conduct Authority Market Study into General Insurance Add-ons, Says Industry Must Make Changes
The FCA has published its provisional findings and proposed remedies following its market study into the sale of general insurance add-ons.
The FCA has published Consultation Paper 14/5: Changes to regulatory reporting: advisor and consultancy charging, Authorised Professional Firms and Product Sales Data (CP14/5).
In February 2014, the MHRA published new guidance on borderline medical devices. The guidance considers only medical devices within the terms of the Medical Device Directive and not the Active Implantable Medical Devices Directive or In Vitro Medical Devices Directive.
From this week, prosecutors in the UK from the Serious Fraud Office and the Crown Prosecution Service will be able to consider the possibility of making a Deferred Prosecution Agreement (“DPA”) available to a corporate entity instead of pursuing a criminal prosecution against them in appropriate cases of economic crime (read our full alert Brown Rudnick Alert: New powers for UK enforcement agencies from today).