03/28/2023
CSSF Updates SFDR FAQ
On 2 December 2022, the CSSF issued the first iteration of its FAQ in order to provide further clarity on certain aspects of the SFDR.
Government Regulation
03/28/2023
Department for Transport - consultation on draft National Policy Statement for National Networks
The NPS sets out the need for, and government’s policies to deliver, development of nationally significant infrastructure projects (NSIPs) on the national road and rail networks in England, specifically roads, freight, railways and strategic rail fr
03/27/2023
Time is running out – investment business registration
By way of background, the Amendments to the Bermuda investment business regime widened the Authority's scope of supervision over investment businesses and as a result, new categories of registered persons were introduced.
03/27/2023
Victoria’s VCAT lacks jurisdiction to determine contribution claims
Respondents must also continue to carefully consider the forum for dispute resolution when faced with defending an action in the VCAT and must consider all potential claims and defences.
03/27/2023
Foreign law firms now able to practise in India
The rules came into effect immediately on publication, on 10 March.
03/27/2023
EU launches Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology
This EU initiative is very relevant for the interaction between DLT applications and EU regulation and for the European Blockchain Regulatory Sandbox!
03/27/2023
Guernsey’s new secondary pensions law - key points and FAQs
The minimum level of contributions will initially be 2% of earnings, with at least 1% paid by the employer.
03/27/2023
Central Bank Industry Letter on Fund Costs and Fees
The CSA consisted of three distinct phases comprising the issuance of a qualitative and quantitative questionnaire to UCITS management companies ("UCITS Mancos"), a desk based review and virtual inspection calls.
03/27/2023
Emphasis on complaints-handling after FOS raises compensation award limit
The new consumer section launched by the FCA is in line with the FCA’s own expectations of how firms should be looking to communicate clearly with customers once the consumer duty comes into force.
03/27/2023
Green Claims Directive proposal raises bar for environmental claims
Under the draft Green Claims Directive, before companies communicate certain types of green claims to consumers, the claims would need to be independently verified and based on “widely recognised scientific evidence”.
03/27/2023
Bird & Bird assists Qair Polska S.A. in concluding one of the largest Corporate PPAs on the Polish market
This is without doubt one of the largest transactions of its kind on the Polish market
03/24/2023
Form of BVI Annual Return Published
The form of the annual return has been published and fortunately a simple balance sheet and income statement will suffice.
03/24/2023
Special Economic Zone Companies in the Cayman Islands
It deals in broad terms with the requirements of Cayman law for the establishment and operation of such entities, including the requirements applicable to all exempted companies.
03/24/2023
Key Updates of Green, Social and Sustainability-Linked Loan Principles
All transactions completed prior to 9 March 2023 will be exempted from following the updated Principles and Guidance
03/24/2023
HKEx Warns Issuers Over Misleading Generic Statements on Auditor Resignations
Resignation announcement is specifically highlighted as a problematic area of such “partial truth” disclosure.
03/24/2023
EU pharma law reform faces further delay
A rescheduled date of mid-March 2023 was subsequently envisaged for the announcement before this too was pushed back to 29 March
03/24/2023
UK financial regulator warns firms off D&I vagueness
The Review will now extend its target-setting to companies in the FTSE 350 index.
03/23/2023
Proliferation and Proliferation Financing in Guernsey
In 2020 the FATF revised its Standards to require countries, financial institutions, designated non-financial businesses and professions and virtual asset service providers to identify, assess, understand and mitigate their PPF risks.
03/23/2023
New EU foreign subsidies regime will increase costs and complexity in M&A deals
If the Commission finds that the foreign contributions in question constitute subsidies which distort the EU market, it can adopt remedial measures.
03/23/2023
A guide to funds and private equity in Jersey
Our team of leading Jersey funds lawyers have substantial experience advising on the full spectrum of fund strategies and asset classes