Financial Services Act 2021 and Panama Papers: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
 
imported>Doug Williamson
(Add links.)
 
Line 1: Line 1:
''Financial services - legislation - regulation - UK - Brexit.''
The Panama Papers are a large number of leaked confidential documents relating to offshore tax avoidance structures and participating individuals and corporations.


The Panama Papers were publicised by the ''Süddeutsche Zeitung'' in Germany in 2016.


:<span style="color:#4B0082">'''''First step in shaping UK’s financial services regime post-Brexit'''''</span>


:"The Financial Services Act 2021... is seen as the UK’s first step in retaking control of the financial services regulatory framework post-Brexit and ensuring that the UK remains an 'open and dynamic financial centre' while delivering on the Government’s vision for a more open, technologically advanced and greener industry."
The documents were leaked from a law firm and corporate services provider headquartered in Panama.
 
:''Allen & Overy - 2021.''
 
 
Changes introduced by the Act include:
 
* Amending the UK's MiFIR equivalence regime for third country investment firms to reflect the EU's Investment Firms Regulation.
 
* Empowering the Financial Conduct Authority to specify reporting requirements for UK MiFIR-registered firms.
 
* Updating UK EMIR to improve access to clearing services.
 
* Strengthening the insider dealing and market abuse regime under UK MAR.




== See also ==
== See also ==
* [[Brexit]]
* [[Anti-avoidance provision]]
* [[Clearing]]
* [[Her Majesty’s Revenue & Customs]]
* [[Financial Conduct Authority]]
* [[PANA inquiry]]
* [[Financial Markets Association]]
* [[Pandora Papers]]
* [[Financial Services Authority]]
* [[Paradise Papers]]
* [[Insider dealing]]
* [[Tax avoidance]]
* [[Investment Firms Regulation]]
* [[Tax evasion]]
* [[Legislation]]
* [[Tax haven]]
* [[Market abuse]]
* [[Onshore]]
* [[Regulation]]
* [[Prudential Regulation Authority]]
* [[Retained EU law]]
* [[UK EMIR]]
* [[UK MAR]]
* [[UK MiFIR]]
* [[United Kingdom]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Ethics_and_corporate_governance]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]
[[Category:Trade_finance]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 23:54, 6 October 2021

The Panama Papers are a large number of leaked confidential documents relating to offshore tax avoidance structures and participating individuals and corporations.

The Panama Papers were publicised by the Süddeutsche Zeitung in Germany in 2016.


The documents were leaked from a law firm and corporate services provider headquartered in Panama.


See also