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Formula 1 returned to the streets of Baku, Azerbaijan last weekend; one of the most exciting of the new races added to the calendar in recent years. The race in 2017 was arguably the most chaotic of that season, with Sebastian Vettel turning into and hitting Lewis Hamilton behind the safety car. The race in 2018 was equally enthralling, with the Red Bulls colliding with one another, taking both cars out of the race. The…
At the last race weekend in Bahrain, Charles Leclerc became the second-youngest pole-sitter in Formula 1 history in just his second race with Ferrari. A few days’ prior in London, another rookie (at least, in his current role) was delivering what could be an historical change in the future of the sport: Ross Brawn’s vision of Formula 1 in 2021 and beyond. In December 2020, the existing terms, set out in what is known as…
Overview The Financial Conduct Authority published a policy statement on 28 February 2019 setting out near-final rules and guidance that will apply to financial services firms in the event of a no-deal Brexit. Most notable is the introduction of a 15-month ‘grace period’ for firms to comply with rule changes in the event of a no-deal Brexit on 29 March 2019.  The FCA has been in the process of converting EU rules into domestic rules…
The Financial Conduct Authority (FCA) published its annual Anti-Money Laundering Report on 19 July 2018, for the year ended 31 March 2018. In the report, the FCA reminded firms that due to the size and global nature of the UK financial industry, financial crime and AML remains a significant risk and is therefore one of the FCA’s key priorities.…
Back in March 2017, the Supreme Court handed down its decision in Financial Conduct Authority v Macris [2017] UKSC 19. We have previously reported on that decision on its way to the Supreme Court and following the judgment. In brief, Section 393 of the Financial Services and Markets Act 2000 (“FSMA”) provides individuals identified in an FCA notice with third party rights to be provided with a copy of the notice and an opportunity…
0-0 in the final minutes of a game and a player suspiciously goes down in the box to win a penalty, and ultimately all three points. Replays show no contact was made; the player dived. Controversy explodes. The player, the subject of many headlines, walks away without punishment. Under possible new rules reportedly being mulled over by the English Football Association (the “FA”), players will soon have to deal with more than mere column inches.…