Two private-jet pilots for British billionaire Joseph Lewis have agreed to pay the U.S. Securities and Exchange Commission a total of more than $233,300, resolving the regulators' civil claims accusing them of trading on confidential information, according to filings in New York federal court.
Two private-jet pilots for British billionaire Joseph Lewis have agreed to pay the U.S. Securities and Exchange Commission a total of more than $233,300, resolving the regulators' civil claims accusing them of trading on confidential information, according to filings in New York federal court.
American Express has swayed British officials to grant its trademarks "American Express Venue Collection" and "Amex Venue Collection," proving that shoppers would not confuse its services with Compass Group's event brand "The Venues Collection."
Moves to double the fining powers of Britain's sanctions watchdog would have little impact on enforcement, lawyers fear, although they say that a proposed program for agreeing settlements with companies could be just enough to speed up the regulator's cases.
The Bank of England has launched further proposals to cut and modernize bank reporting requirements, saving banks money and preventing a duplication of data.
The Payment Systems Regulator has called on HM Treasury to clarify its information-gathering powers when those of the Financial Conduct Authority are stronger, amid a lack of competition pressure on Visa and Mastercard.
The European Union's anti-money laundering watchdog has unveiled a three-year plan to take direct oversight of the bloc's 40 most impactful credit and financial institutions, aiming to create a more consistent approach to tackling illicit financial flows.
The audit watchdog has issued guidance that it said would better support companies to prepare reports by "sharpening its structure" and reflecting recent legislative changes in corporate reporting.
The European Union Listing Act’s forthcoming changes to EU prospectus requirements aim to reduce the regulatory burden for issuers of securities, facilitating more efficient transaction execution and reducing market risk, of particular relevance to small and midsize enterprises, say lawyers at Covington.
