FSA announces third successful insider dealing conviction – On 10 March 2010, the FSA published a press release announcing its third successful insider dealing conviction. Malcolm Calvert, a former partner and trader at stockbroking firm Cazenove, was found guilty on 10 March 2010 at Southwark Crown Court on five counts of insider dealing under section […]

Public Statement – Financial Services (Jersey) Law 1998, as amended (the “Law”) – Mr Aidan Piers Barrington-Ward (“Mr Barrington-Ward”) – Former Compliance Manager – Born: 13 November 1963 in Oxford – of: Loge Dauphin, Les Chenolles, St John, Jersey, JE3 4FB. The Jersey Financial Services Commission (the “Commission”) issues this public statement under Article 25(a) […]

A White Paper by Rear Admiral Chris Parry CBE. – World – Check have just released a new white paper on the resurgence of Piracy that might interest you. Titled “Piracy in the Horn of Africa” and written by Rear Admiral Parry, an expert on strategic, policy and transformational issues, this white paper addresses how […]

A former broker at the Queen’s stockbroker Cazenove has been handed a 21-month prison sentence for insider dealing in the shares of three UK companies. Malcolm Calvert, an equities marketmaker, was yesterday found guilty of five counts of insider dealing after making £103,883 profit. Passing sentence today, Judge Testar said Calvert had “clear undersanding of […]

HSBC has said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank. Switzerland’s financial regulator FINMA was investigating the theft, it said on Thursday, while a source close to the UK’s Financial Services Authority, the bank’s lead regulator, […]

The Financial Services Authority (FSA) has identified a number of areas in the retail spaces where it is to concentrate its efforts after publishing its Financial Risk Outlook for 2010. The publication of the Financial Risk Outlook comes ahead of its forthcoming business plan which will outline the priorities and deploy its resources. The FSA […]

The Companies (Amendment No.4) (Jersey) Regulations 2010 And The Amendment Of The Accounts And Audit Rules Applicable To Jersey Companies – It is anticipated that the Companies (Amendment No.4) (Jersey) Regulations 2010 (the “Regulations”) will come into force on 5 April 2010. The amendments to the rules contained in Part 16 of the Companies (Jersey) […]

on March 9th the GFSC advsied Financial services businesses that they must exercise a greater degree of caution when taking on business from the countries or territories specified in its Instruction (listed below). Additionally, financial services businesses must ensure enhanced customer due diligence measures are undertaken and special attention given to all existing and new […]