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Offshore Perspective: Updates to HK Listings Rules

The Core Standards are intended to be applied in a unified manner across all listed companies, and so derogation from any of the Core Standards will not ordinarily be available.

UAE Central Bank fines an exchange house for compliance failure

The banking regulator imposed a total penalty of $95,847 against the business

Insolvency Service gains powers to investigate directors of dissolved companies

The legislation also rules out Covid-19 related changes as grounds for material change of circumstances business rate appeals.

Daily Legal Update

The final impact assessment estimates likely costs, benefits and wider impacts of the amendments and will be published alongside the amendments to PPER 1992 on legislation.gov.uk.

New measures to combat the Covid-19 pandemic in the workplace introduced in Luxembourg

Until close of play on 14 January 2022, the Covid-check remains optional for employers.

UK fine for bank over liquidity reporting

The regulator had raised concerns about a “heightened risk” of US dollar liquidity outflows and instructed the bank to achieve and maintain certain metrics in respect of its US dollar liquidity in response.

Reforms to insolvency regulation in Britain proposed

Currently, there is no firm-wide regulation of insolvency practice in Britain.

Germany to explore digital justice tools for citizens

It delivers a prototype that has already been adapted to the needs of future users through user feedback.

Central Bank Of Ireland Publishes Cross-Industry Outsourcing Guidance

The Guidance supplements existing sectoral legislation, regulations and guidance on outsourcing, which apply to specific firms.

UK passes LIBOR transition legislation

The UK government hopes the rules will minimise disruption for contracts referencing one, three and six-month sterling and yen LIBOR for which the counterparties have not managed to agree to move to a replacement reference rate before LIBOR ceases at the

Overhaul of UK financial promotions exemption regime proposed

The government said these changes included the development of the online retail investment market, price inflation, and pensions freedoms, which have eroded the value of the HNWI exemption thresholds.

FCA extends mandatory climate disclosure requirements

The FCA has acknowledged that there is a balance to be struck on achieving perfect methodologies and disclosures and ‘getting started

Baker McKenzie advises Vontobel in the acquisition of UBS Swiss Financial Advisers AG

With the takeover of SFA, Vontobel plans to further strengthen its position as a provider of regionally diversified strategies with a global approach.

5 Key Things to Know About FCA Authorisation Before 2022

As regulatory compliance experts, we’ve been in the business a very long time.

AIFMD revamp on track as European Commission presents Capital Markets Union Action Plan

The legislative package is aligned with the overall CMU strategy to continue building an internal market for financial services and making financing more accessible to European companies, while strengthening investors' protection.

Cross-border survey - Formalising home and mobile work arrangements: FAQs in ten jurisdictions

s there a legal right to request a permanent home office/mobile working arrangement?

Eligibility of SPACs for UCITS funds

On a case by case basis, the CSSF can derogate from this 10% limit.

10b5-1 trading plans and share repurchases in the spotlight

The same day, the SEC also proposed requiring issuers to make next-day disclosures of any repurchases they make of their equity securities.

France’s LVMH to pay $11.3m to settle spying claims

LVMH revenues in the first three quarters of 2021 increased 46% from the same period last year.

Financial Regulation: Daily Update

The new rule will apply for accounting periods beginning on or after 1 January 2022, and the first annual financial reports subject to the new rule will be published in early 2023.

Government Regulation