09/29/2023
New corporate governance framework for Cayman managers and funds
CIMA’s Rules impose binding obligations on regulated fund entities and violations may result in administrative fines or regulatory actions.
Government Regulation
09/29/2023
Draft legislation envisages Ireland’s first electronic health information system
Ireland’s current health information system lags behind comparable countries
09/29/2023
DIFC sets out AI requirements in updated data protection regulations
The updated regulations have introduced the new concept of a “temporary custodian” of “inadvertently obtained information”
09/28/2023
Cayman Islands regulated funds – CIMA regulatory measures effective October 2023
It is likely that in practice, many regulated entities are already partially, if not fully, operationally compliant with the regulatory measures.
09/28/2023
UK regulators’ diversity plans for finance industry
Firms will have to report to the FCA each year on progress in relation to age; sex or gender; disability; ethnicity; religion, and sexual orientation.
09/28/2023
FCA outlines UK retail and wholesale insurance market regulatory priorities
The letter showed the FCA’s readiness to take enforcement action against firms and senior managers for failings.
09/27/2023
New Rules on Corporate Governance and Internal Controls: Deadline of 14 October 2023 to Demonstrate Compliance
Insurers should also review their reinsurance arrangements and strategy against the revised Rule and Statement of Guidance on Reinsurance Arrangements, which comes into effect in May 2024.
09/27/2023
FCA expects boards to drive good outcomes for insurance customers
Insurance firms should embed FCA rules as part of their culture, rather than simply consider them a box to be ticked off to avoid FCA enforcement action.
09/26/2023
Sami Benbatoul Called to the Manx Bar
Sami joined Appleby’s Advocate Training Programme in 2021
09/26/2023
New right to request a predictable work pattern in the UK
The regime could be used by those who work shifts that change from week to week or are engaged on an ad hoc basis and would like more regularity.
09/26/2023
National minimum wage exemption for domestic workers in the UK ends
There is an exemption from paying the NMW that applies to domestic workers who live in the employer’s family home and are treated as members of the family.
09/26/2023
New ICO guidance on processing health data in the UK
This follows a consultation with employers and other interested parties on the draft guidance.
09/26/2023
UK parliamentary committees highlight ongoing copyright challenges for AI policy
The committee’s high-level report identifies 12 ‘challenges’ of AI governance that policymakers should address to secure public safety and confidence in AI.
09/25/2023
Guernsey's fast track application regime for managers of overseas funds
Mancos are able to expedite this process using a fast track regime for managers of overseas funds.
09/25/2023
Delaware Becomes the 12th State to Enact Comprehensive Privacy Law
The DPDPA provides consumers with the same core rights as the other state laws
09/25/2023
The Government provides further clarity on the future of insolvency regulation in the UK
The Response proposes changes to the current framework which aim to address loopholes and weaknesses
09/25/2023
FCA sets out priorities for life insurance to 2025
The FCA published recent guidance to support firms in getting closer to the advice/guidance boundary in an effort to support customers.
09/25/2023
Privy Council provides update on setting aside judgments and settlements for fraud
The Privy Council stressed that a party to new proceedings should not be permitted to raise in those new proceedings matters which should and could have been raised in earlier proceedings.
09/22/2023
Peers seek balanced policies on development and the environment
Planning law experts Robbie Owen and Jan Bessell of Pinsent Masons provided evidence to the inquiry.
09/22/2023
Sunak softens UK policy amidst ‘cost’ of delivering net zero
The policies had been outlined as part of a broader package of measures with a view to supporting the UK’s transition to a greener economy.