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Financial Services and Banking News Update - 18 January 2017
  • Addleshaw Goddard LLP
  • Bermuda, European Union, United Kingdom
  • January 18 2017

The CMA has published its acceptance of current account switching undertakings from Bacs Payment Schemes Ltd (Bacs) as part of the banking remedies


FCA publishes revised information sheets
  • Addleshaw Goddard LLP
  • United Kingdom
  • January 18 2017

The FCA has published revised consumer credit information sheets to accompany arrears and default notices, which must be used by firms from 14 April


Supreme Court Declines to Hear Appeal to a Michigan Tax on Health Insurance Plans
  • McDermott Will & Emery
  • USA
  • January 18 2017

The Supreme Court of the United States has declined to hear the Self-Insurance Institute of America Inc.'s ERISA preemption challenge to a Michigan


Notification: When to assess if an event is “likely to give rise to a claim”
  • Eversheds
  • United Kingdom
  • January 18 2017

Insurers lost an appeal of a judgment rejecting their interpretation of a condition precedent to liability which required the giving of notice "as


Priority Rules and the Strict 90 Day Limitation on Notice - Sometimes 90 days isn't 90 days: Allstate v. State Farm and Dominion
  • Zarek Taylor Grossman Hanrahan LLP
  • Canada
  • January 18 2017

Those that handle priority disputes in the insurance industry know that there is no shortage of decisions from private arbitrators regarding Ontario


Amendments to the Insurance Act allowed an insurance enterprise investing in public utilities to serve as a director or supervisor of such invested entity
  • Tsar & Tsai
  • Taiwan
  • January 17 2017

On November 9, 2016, the President announced the newly amended Articles 146-5 and 168 of the Insurance Act, providing that an insurance enterprise


Insurance Companies and the Modern Slavery Act
  • RPC
  • United Kingdom
  • January 17 2017

As the new financial year is soon to arrive, companies will soon have to file their Slavery and Human Trafficking (SHT) statements. RPC has previously


A New Compulsory Insurance Scheme for Vessels Carrying Passengers
  • Borden Ladner Gervais LLP
  • Canada
  • January 17 2017

Right before the holidays, on December 24, 2016, the Government of Canada gave notice under Part 1 of the Canada Gazette of new proposed regulations


The High Court Upholds Avoidance of Life Assurance Policy
  • Matheson
  • Ireland
  • January 17 2017

In the recent decision of Richardson v Financial Services Ombudsman & Anor the High Court upheld a finding of the Financial Services Ombudsman (the


Financial services and banking news update - 17 January 2017
  • Addleshaw Goddard LLP
  • European Union, United Kingdom
  • January 17 2017

The Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier (Lei) system published an update on developments in the Lei system