07/19/2023
FCA publishes a draft Rule Review Framework
The FCA explains how it plans to monitor and review how its rules are working in practice.
Government Regulation
07/19/2023
Ruling gives clarity on assessing cumulative carbon emissions from infrastructure development
The judge added that compliance with such independent guidance does not of itself demonstrate compliance with the environmental regulations.
07/19/2023
National security and investment regime spurring fewer UK notifications than anticipated
Paul Williams of Pinsent Masons, a specialist in competition law and merger control, said data disclosed in the annual report highlighted that the NSI regime is working well for straightforward notifications.
07/18/2023
Regulation of financial firm business in Guernsey
Carrying out any of these activities without a Part III FFB Licence or an applicable exemption is a criminal offence.
07/18/2023
The impact of Luxembourg’s new law on alternative investment funds
Additional changes have been made to the rules around liquidation, tweaks to the establishment formalities for certain RAIFs, and harmonisation of distribution of foreign funds in Luxembourg.
07/17/2023
DC pension scheme ‘value for money’ framework moves closer
To inform grading, DC scheme providers will be obliged to obtain, publish, and then assess data concerning investment performance, costs and charges, and quality of services in what will be a major disclosure and compliance exercise.
07/17/2023
Access to Company Information and Documents under the BVI Business Companies Act
In addition, certain documents filed with the BVI Registrar are or may be available, depending on whether the BVI Company has elected to file such documents.
07/17/2023
Attorney Yong-Moon Kim of Dentons Lee participated in a discussion on “Problems with Amendments
Kim also expressed his opinion that a more careful and multifaceted deliberation is needed to resolve the structural duality and polarization issues suffered by the Korean labor market.
07/17/2023
Made In Italy Bill: focus on intellectual property
Firstly, the bill introduces the possibility for institutes and cultural sites to register their trademark and to grant the use of the same mark to third parties for a consideration.
07/14/2023
EU completes securitisation regulatory ‘jigsaw’ with final risk retention technical standards on risk retention
Securitisation regulation expert Katie McCaw of Pinsent Masons described this “long-awaited” development as one of the final pieces of the EU securitisation regulatory “jigsaw”.
07/14/2023
Landmark Sudlows ruling establishes principles for serial adjudications
A serial adjudication arises in circumstances when there are two or more successive adjudications between the same parties in relation to the same construction contract.
07/14/2023
MLRO/MLCO masterclass series to give essential training ahead of MONEYVAL evaluation
One of the key focuses of MONEYVAL's visit is the evaluation of the efficacy of Guernsey's AML/CFT/CPF framework.
07/14/2023
Fintech Laws & Regulations in The Bahamas
The Government of The Bahamas has developed a policy that favours the development and innovation of the fintech sector in The Bahamas.
07/14/2023
British Virgin Islands economic substance – ITA investigation and enforcement powers
This guide summarises the key points to consider, including various legislative changes made in 2022 to increase the ITA’s enforcement powers, and addresses some frequently-asked questions.
07/14/2023
New registration regime for individuals relying on the 'up to six-directorships' exemption
The licensing requirement captures directorships of any company, anywhere, ie not just to Bailiwick companies but foreign incorporated companies (as it applies to any person acting as a director in or from within the Bailiwick, regardless of where the com
07/14/2023
The rising threat of Business Email Compromise (BEC) attacks and CEO Fraud in Asia
Prevention is better than cure.
07/13/2023
Supreme Court backs ‘conventional’ understanding of banks’ Quincecare duty
APP frauds occur when a victim authorises a bank transfer into an account that they believe is controlled by a legitimate payee, but that actually belongs to a fraudster.
07/13/2023
Singapore passes new law to remove harmful online content
The primary objective of this bill is to enable the government to take prompt action against illicit activities conducted online and proactively safeguard against scams and malicious cyber behaviour.
07/13/2023
Real-time financial market data will make UK more attractive to do business’
The proposal is limited to post-trade data for bonds.
07/13/2023
FCA misconduct enforcement shows new demand for proactive redress
The FCA said that the settlement would ensure that most or all of Steel’s assets would be spent compensating consumers, rather than on High Court proceedings.