What made financial headlines over the weekend?
The highest court in the UK has backed the Financial Conduct Authority (FCA) in a landmark case that could have far-reaching consequences for risky ventures.
The Financial Conduct Authority (FCA) is taking action against at least 16 firms or individuals who it believes are running or promoting investments illegally as collective investment schemes (CISs).
The government has taken a step towards creating tax-transparent collective investment schemes (CIS) within the UK.
The High Court in Northern Ireland has found that Francois de Dietrich was operating a collective investment scheme (CIS) without FSA authorisation and must now return £21.6m to investors.
Her Majesty's Revenue and Customs (HMRC) has launched a consultation on how to tackle tax avoidance via unauthorized unit trusts (UUTs).