04/08/2022
The Bahamas Takes A Step Closer to Compliance with all 40 FATF Recommendations
The Proceeds Of Crime Act, 2018 and The Register of Beneficial Ownership Act 2018. These amendments considerably strengthen mechanisms for enforcement.
Government Regulation
04/07/2022
OECD releases draft Model Rules on Scope of Amount A under Pillar 1
An anti-abuse provision will apply as a deterrent to prevent a group that is held under certain types of entities from being artificially fragmented into numerous groups in order to circumvent the scope rules.
04/07/2022
Pension trustees given scope for private market investment through UK proposals
The government said it also proposed to introduce regulations that require relevant DC schemes with over £100 million in total assets to publicly disclose and explain their default asset class allocation in their annual chair’s statement.
04/07/2022
Building safety reform brings challenges for real estate funders
The requirements here remain to be specified by the HSE but due diligence and funding on trade sales and enforcements of existing buildings may become more challenging.
04/07/2022
Fitness and Probity Notice: Bringing New Retail Credit Providers in Scope
The Notice outlines proposals to expand the scope of the Consumer Protection Code 2012
04/07/2022
Maples Group Supports NIO Inc. with its Secondary Listing in Hong Kong
A team of Finance lawyers based in the Group's Hong Kong office advised NIO on the Cayman Islands legal aspects of the transaction
04/06/2022
Online marketplaces face new obligations in the Netherlands
The new legislation, which takes effect on 28 May 2022, implements EU consumer laws that were set in 2019.
04/06/2022
The pandemic has not reset the culture in law
Many law firms will claim that great strides have been made since then. I beg to differ.
04/05/2022
Latest phase of UK government’s carbon capture drive ‘great to see’
The technology is intended to extract CO2 from industrial processes before it is emitted into the atmosphere with the intention of storing it underground for thousands of years.
04/05/2022
A Deeper Dive Into the US Adjustable Interest Rate (LIBOR) Act
As the market begins to consider how the provisions of the LIBOR Act apply to their portfolios, we highlight a couple of recent issues.
04/05/2022
Belarus sanctions: a guide for UK businesses
This guide provides an overview of the position relevant to UK businesses and overseas businesses with UK operations.
04/05/2022
Are we becoming more savvy to the risk of cyber fraud?
These scams included cryptocurrency investment offers, claims of affiliation with the National Health Service (NHS) and online delivery company scams.
04/05/2022
Mergers between BVI companies and foreign companies
This guide examines the merger process between BVI companies and foreign companies.
04/05/2022
Local authorities may hold the key to unlocking the potential of tech ecosystems around the UK, according to report by Shoosmiths and Coadec
Shoosmiths’ dedicated technology sector team are active supporters and sponsors of Silicon Valley Comes to the UK and The Coalition for a Digital Economy.
04/05/2022
UK “open for crypto businesses” as it points to flexible future regulation
Last year the UK announced its “staged and proportionate” approach to cryptoasset regulation.
04/05/2022
Global Registration Services Market Update - Q1 2022
The Financial Services and Markets Authority has published its regulatory fees for 2022
04/04/2022
Financial Regulation:Daily Update
Reporting counterparties should report a LEI for non-EEA third country issuers where one is available and continue engaging with non-EEA third country issuers to encourage them to acquire a LEI if not.
04/04/2022
Playbook to shape UK public sector digital, data and tech projects published
This playbook pulls together lots of best practice processes to ensure commercial teams and others involved in delivering major technology projects within the UK public sector set off on the right path in those projects from the outset and can manage deli
04/04/2022
Lasting Powers Of Attorney Come Into Force in Guernsey
A Health and Welfare LPA will only have effect where the Grantor lacks, or the Attorney reasonably believes that the Grantor lacks, capacity.
04/04/2022
CIMA revokes companies management licence of Imparato company
CIMA stated that RDI had also not submitted certificates of compliance for the same periods and failed to abide by the authority’s requests for documentation and information.