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Results: 1-10 of 30

UK implements "twin peaks" model of financial regulation

  • Stikeman Elliott LLP
  • -
  • United Kingdom
  • -
  • April 2 2013

On April 1, the U.K. Moved to a "twin peaks" model of financial regulation that saw the Financial Services Authority cease to exist and its work

Competition Bureau disputes public statement by RBS Group

  • Stikeman Elliott LLP
  • -
  • Canada, United Kingdom
  • -
  • December 3 2012

On November 14, the Competition Bureau published a news release disputing a statement made by the Royal Bank of Scotland Group (RBS) related to the Bureau’s ongoing investigation of alleged collusive conduct in the setting of the LIBOR benchmark rate

HMRC accepts no 1.5 stamp duty charge on overseas fundraising by UK companies

  • Stikeman Elliott LLP
  • -
  • European Union, United Kingdom
  • -
  • June 28 2012

Her Majesty’s Revenue and Customs recently announced that it would not appeal the February 2012 UK First-tier Tribunal decision in HSBC Holdings Plc and The Bank of New York Mellon Corporation v. The Commissioners for Her Majesty’s Revenue & Customs in which it was held that the 1.5 stamp duty reserve tax charge on the issue of shares of a UK company to a depositary or clearance system outside the EU was in breach of EU law

No more 1.5 stamp duty charge on overseas fundraising by uk companies?

  • Stikeman Elliott LLP
  • -
  • United Kingdom
  • -
  • April 26 2012

The recent First Tier Tribunal decision in HSBC Holdings Plc and The Bank of New York Mellon Corporation v The Commissioners for Her Majesty’s Revenue & Customs brings positive news for UK companies aiming to undertake a fundraise or listing outside the EU involving the use of overseas depositary or clearance systems

Proposed changes to the UK's Listing Rules - Key changes explained

  • Stikeman Elliott LLP
  • -
  • United Kingdom
  • -
  • March 29 2012

In January of this year the U.K. securities regulator, the Financial Services Authority, issued Consultation Paper CP122 proposing amendments to rules applied by it as the UK Listing Authority to companies listed or seeking listings on the UK’s regulated stock market

FSA proposes tightened regulation of reverse takeovers

  • Stikeman Elliott LLP
  • -
  • United Kingdom
  • -
  • March 26 2012

Earlier this year, the U.K. Financial Services Authority issued a consultation paper proposing amendments to the UK Listing Authority's Listing Rules that would, among other things, amend the regulations respecting reverse takeovers

ExxonMobil fined 3.3 million for failure to report emissions

  • Stikeman Elliott LLP
  • -
  • United Kingdom
  • -
  • March 1 2012

In what is surely a strong reminder to companies around the globe to comply with green regulations, oil giant ExxonMobil has been fined 3.3 million (approximately $4.4 million CAD) for failure to correctly report its carbon dioxide emissions from a Scottish chemical plant

UK moves to a new financial regulatory model

  • Stikeman Elliott LLP
  • -
  • United Kingdom
  • -
  • July 8 2011

As we've discussed in the past, the UK financial regulatory universe is undergoing, in the words of Financial Services Authority Chairman Adair Turner, a "major shift in philosophy"

Groupon falls afoul of UK advertising regulator

  • Stikeman Elliott LLP
  • -
  • Canada, United Kingdom
  • -
  • July 8 2011

On June 8, 2011, the UK Advertising Standards Authority (ASA) found that online coupon provider Groupon, Inc. had misrepresented the ordinary selling price of a third party service that was advertised to Groupon’s online subscribers, and ordered Groupon to remove the advertisement from circulation

Amendments to UK Takeover Code would restrict deal protection measures

  • Stikeman Elliott LLP
  • -
  • United Kingdom
  • -
  • May 12 2011

As we discussed in this November blog post, the UK's Panel on Takeovers and Mergers made a number of recommendations last year regarding the amendment of the City Code on Takeovers and Mergers