LSP Lindemann Schwennicke & Partner PartGmbB’s Post

Small businesses face a growing burden of regulation and government-imposed industry levies. “It’s not just annoying, it's completely unjust,” says James Walker-Powell. This is a #justice issue for #smallbusiness. Increasingly, governments impose levies on small business to bail out unrelated companies from financial difficulties. Just imagine #builders being levied to compensate failed developers, listed ones at that. Well, a levy is being imposed on financial planners to bail out customers of #Dixon financial planning who are now in administration yet their parent company Evans & Partners is still trading on the ASX. Australia's 15,800 financial planners are not copping this #injustice any more. We need a #movement against unfair regulation from small businesses across the board. #JamesWalkerPowell of More4life financial services says 3 things need to change for financial advice small businesses. 1. #Scrap the ASIC-imposed Fee Disclosure Statements and fee consent forms that have caused only confusion and unnecessary red tape for both client and adviser. 2. #Ensure quality and industry experience standards for financial advisors by requiring at least 10 years of relevant #industry experience or appropriate tertiary qualifications . 3. #Halt implementation of the Comprehensive Scheme of Last Resort (#CSLR) until a comprehensive inquiry has been conducted into several pressing issues: - Why was Dixon Advisory Group (#Dixon) uniquely subjected to retrospective treatment under this scheme? - Why were all #ManagedInvestmentSchemes (MIS) not included in the scope of compensation under CSLR? - What led Minister #StephenJones and Treasury nureaucrats, who structured this legislation, to grant preferential treatment to Dixon over 191 other similar incidents since 2005? We believe it is essential to address these questions transparently before proceeding with any further actions related to CSLR. The manner in which Dixon was handled raises significant concerns about #consistency and #fairness within our legislative framework. There must be clear accountability as well as equitable measures applied across all cases involving failed financial products or advice services. ___ #Australia needs a #movement by small businesses across the board against unfair regulation and unjust government-imposed levies. Governments tread very warily in relation to #BigBusiness but take a #sledgehammer to small business because they can get away with it. That has to stop. Small business can hold the #balanceofpower in Canberra if we get organised. We have the numbers. Join #DemocracyFirst today https://lnkd.in/gB7mz-3d

Over the course of this year, the FCA's "name and shame" proposals on publicising enforcement cases have united firms and trade associations across all financial services, incumbents and challengers alike, and Ministers (Labour and Conservative) - all concerned that they undermine efforts to strengthen the competitiveness of the UK. At Innovate Finance we submitted evidence to the House of Lords Financial Services Regulation Committee which is investigating this - you can read our full FinTech views here: https://lnkd.in/efUDHKeQ The Financial Conduct Authority Conduct Authority has listened. Nikhil Rathi, Therese Chambers and Stephen Smart all deserve credit for significant engagement with us. They have published revised proposals which they very helpfully tested with us beforehand https://lnkd.in/eK9Y2nPR. These revised proposals have specifically taken on board points I have raised on behalf of #FinTech and our Innovate Finance members - notably it now states that reasons for not publishing an enforcement case may include: - Firm size, with the impact on smaller firms potentially greater. - The age and/or stage of development of a firm may also be relevant, recognising that impact might be greater on a more newly established firm. So the proposals now have more safeguards. This leaves the question - is now the right time to be doing this at all? Will this deter internationally mobile investment and talent or can the risks be mitigated? I'd welcome views - and if you are an Innovate Finance high growth members you can join our roundtable with Therese from FCA in January to explore further (get in touch with me or Andy Thornley if you haven't received an invite already). #Competitiveness #Growth #FSRegulation All-Party Parliamentary Group on FinTech https://lnkd.in/ekXpda-b

Expert guidance, every step of the way 📣 Are you ready to drive your business forward with confidence and clarity? Look no further than the Institute of Directors (IoD)'s Information and Advisory Service (IAS), an invaluable resource available exclusively to our members. Here's why membership with access to the IAS is an investment worth making: 📌 Business information at your fingertips. Say goodbye to hours of research and uncertainty. Our dedicated team is here to unearth crucial data and insights to support your business decisions. With access to resources like FAME, Lexis PSL, Nexis, IBISWorld, and CreditSafe, we streamline the process, saving you both time and money. 📌 Directors' advice from experts. Facing a tough decision or navigating a challenging business landscape? Our panel of seasoned advisors is ready to provide independent and confidential guidance across a spectrum of business topics. From strategy to operations, tap into their wealth of knowledge and experience to steer your business in the right direction. 📌Legal and tax helplines. Keeping up with legal and tax obligations can be daunting. Our helplines are here to support you through the complexities. Whether it's employment law, company regulations, or tax matters, our experts are just a call away, offering clarity and peace of mind. Find out more about the IAS below. 👇 https://lnkd.in/eMmkphRa #taxhelpline #legalhelp #businesadvice #boardofdirectors

Yesterday morning it was our pleasure to host our final Beehive to Business event for 2024, with the Hon. David Seymour - Minister for Regulation, Leader of the ACT Party, and Deputy Prime Minister from May 2025. A special thank you to Allen + Clarke for their continued partnership, helping to bridge the gap between government and business. Minister Seymour highlighted how current regulatory frameworks have created a decline in productivity for businesses. At yesterday’s event the Minister announced a new piece of legislation to tackle this challenge: The Regulatory Standards Bill.   The Bill would set out a series of principles for the Government to follow when setting new regulations. All new laws would be assessed for their regulatory impact, in the same way they’re assessed for financial impacts under the Public Finance Act. The Minister has also launched a red-tape tipline to for the public to report regulatory problems. Consultation on the Bill has just begun. Following his kōrero, members and guests shared engaging questions and created important discussion on the changes that this legislation will bring for business. Our Beehive to Business events are a rare opportunity to have your voice heard. We are very grateful to the Minister for sharing the next steps towards better regulation, and for creating an engaging discussion on something that matters so much to businesses. #politics #beehive #newzealand #regulation #legislation #government #productivity

The Financial Conduct Authority is embarking on a significant review to streamline regulations, reduce costs, and drive innovation in the financial services sector. 💼✨ Building on the new consumer duty, the FCA is now seeking feedback to simplify overlapping rules and explore the potential benefits of reclassifying customers to enhance market competitiveness and support growth. 📣 Nikhil Rathi, FCA Chief Executive: “The goal is to lower costs for businesses while fostering economic growth by refining our rulebook.” Industry players are encouraged to contribute their insights and help shape the future of the UK's financial landscape. 💬💡 #FinancialRegulation #FCAReview #Innovation #EconomicGrowth #UKFinance

In the third part of our series published in the AGEFI on procedural tactics in corporate and financial disputes in Luxembourg, Olivier Marquais discusses the critical topic of 'forced disclosure' of evidence before and during judicial and arbitral proceedings, along with best practices and drafting tips. If you're interested in exploring these insights, or catching up on the first two parts of the series covering the appointment of provisional directors and initiating proceedings, please click here 👉 https://lawand.tax/4e5tYwe #lawandtax #luxembourg #corporate #finance #disputes AGEFI Luxembourg - Le Journal Financier de Luxembourg

On 13 June, NERA and the The GW Competition & Innovation Lab will host a roundtable with Alan Grant and other leading competition experts to discuss antitrust issues in payments. The payments industry is facing changes in legal, regulatory, and technological aspects that impact competition, such as new regulations, evolving market practices, and advancements in payment technologies. The roundtable aims to foster a thoughtful exchange of ideas and influence public discussions on these topics. Learn more:

Thank you Anita Challen for sharing the latest information on the ATO’s debt recovery progress. This information is so beneficial to credit managers and business owners! We received positive feedback about your presentation! 👏 If anyone would like to view Anita's presentation it's available for viewing at this link: https://lnkd.in/gcz_73ar #ato #debtrecovery #insolvency #creditmanagement #buildingconstruction

"The Economic Crime and Corporate Transparency Act received royal assent on 26 October 2023.   The act introduces the biggest changes to Companies House since corporate registrations were established in 1844. We’ll have the power to play a far more significant role in tackling economic crime, supporting economic growth, and making sure the UK is one of the best places in the world to start and grow a business.  Over time, the measures will lead to improved transparency and more accurate and trusted information on our registers. This will drive confidence in the UK economy, increasing the value of the register for businesses and citizens across the UK and beyond" https://lnkd.in/exdnbSVx

📈 Understanding Corporate Insolvencies in Germany Despite a historic low in corporate insolvencies pre-pandemic, Germany faces a new reality post-pandemic. Government support measures during COVID-19 suppressed insolvency figures, but with their expiration in mid-2022, insolvencies began to rise hesitantly. Sectors that are most affected are construction, wholesale, and retail. However, it's the transport and storage sector leading in insolvency ratios, emphasizing broader economic challenges. The financial toll is evident, with 2023 seeing an 85% increase in claims, reaching EUR 26.6 billion. Major insolvencies soared by 38%, signaling growing economic strain. Looking ahead, early 2024 indicators suggest a potential 22% year-on-year increase in insolvencies, driven by stagnant growth and escalating pressures on businesses. 👉 Stay informed as Germany navigates economic shifts. Read this new and more on https://lnkd.in/gYz79HUX #CorporateInsolvencies #EconomicOutlook