04/14/2022
The plan targets the three areas in the FCA’s three-year strategy where it said it will strengthen its focus: ‘reducing and preventing serious harm’, ‘setting and testing higher standards’, and ‘promoting competition an
04/13/2022
Between 2007 to 2013, WK Construction suffered a loss of approximately ZAR80-million as a result of one of its erstwhile directors effecting fraudulent transactions.
04/13/2022
This was particularly problematic where there were serious concerns of wrongdoing in the management of the relevant fund.
04/13/2022
Congress defined “dealer” in the Securities Exchange Act of 1934 (Exchange Act) as a person engaged in the business of buying and selling securities for such person’s own account.
04/13/2022
All existing PCFs classified as PCF-2 will automatically be classified as PCF-2A, ‘non-executive director’, unless a firm notifies the CBI that they should be an independent non-executive director.
04/12/2022
The FCA explains that the review does not represent a shift in FCA policy or changes in firms' requirements.
04/12/2022
In 2012, the Amendment Act introduced section 240A into the Act in relation to listed companies.
04/12/2022
But they would do well to keep in mind that with regulation comes opportunities, particularly for those who understand the benefits of regulation and who are willing to become first movers in the globally regulated digital asset space.
04/12/2022
In 2020, the Chartered Institute of Arbitrators (CIArb) established a new Cayman Chapter
04/12/2022
The guides include commentary on legislative, regulatory and enforcement developments in what is a fast moving field and an area in which we have significant expertise and experience covering both local and international matters.
04/11/2022
The substratum principle is inexorably linked with the doctrine of fraud on a power - that a power cannot be used for a purpose other than that for which it is given.
04/08/2022
In addition, an expanded list of “minimum controls” – beyond encryption and multifactor authentication – can be expected.
04/08/2022
This Legal Update focuses on who is affected, what the affected entities need to do and when the guidance applies; summarizes Commissioner Hester M. Peirce’s response to the Bulletin; and discusses some practical considerations for affected entities
04/08/2022
While the Proposed Rules are still in the comment period, private fund advisers and investors alike should familiarize themselves now with the many changes that the Proposed Rules would impose.
04/08/2022
These new restrictions will likely have a broad impact for U.S. and non-U.S. companies doing business with Russia.
04/08/2022
The ASA’s ruling, however, may be indicative of the anticipated sea-change by way of increased regulatory scrutiny of cryptoassets.
04/08/2022
The new supervisory statement clarifies the ESAs' expectations towards market participants and national competent authorities to use the new transition period until 1 January 2023 to prepare for the application of the Commission's delegated act.
04/08/2022
The resolution of corruption also serves a greater societal good and can ensure that wrongdoers do not remain in positions where they can cause further harm.
04/08/2022
These amendments include new financial, trade, and maritime measures, and restrict specified financial services with the Russian Central Bank and other Russian Federation agencies.
04/08/2022
New sanctions are coming into force and existing sanctions are being amended without notice or often with no or little lead in time to comply.