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Companies wanting to prioritize ESG compliance face headwinds integrating ESG into their compliance programs

According to a survey of 600 multinational companies, meeting ESG challenges will require improved knowledge of ESG concerns

Legal Compass: FINMA Authorization for Independent Asset Managers

In principle, all persons who invest and manage assets for the account of third parties on a professional basis must obtain a licence from the supervisory authority.

Upcoming amendments to the BVI business companies regime

The key changes to the BVI Business Companies Act (Revised 2020) and the BVI Business Companies Regulations (Revised 2020), which will take effect on 1 January 2023, are briefly set out below.

How to deal with the JFSC and JFSC investigations

In this infographic, we share our top ten tips for dealing with regulatory investigations.

FTC ANPR Explores Wide Ranging Topics for Privacy and Cybersecurity Rulemaking

Commissioner Slaughter highlighted her interest in data minimization efforts and purpose of use specifications; civil rights violations and the impacts on vulnerable and marginalized populations from discriminatory algorithms; and children’s privacy

SEC Action and Commissioner Peirce's Statement Shed Light on CCO Liability, Hedge Fund Law Report

Hedge Fund Law Report looks at a recently settled enforcement proceeding against Hamilton Investment Counsel

UK Online Safety Bill updated to require content to be assessed in context

In a separate factsheet, the government highlighted other new clauses it has added to the Bill, which are designed to enhance protections for journalism.

German Supply Chain Due Diligence BAFA issues first handout on risk analysis

The abstract analysis will give an overview of the information available to the company

UAE Central Bank Issues Guidance on Anti-Money Laundering Risks in the Payment Sector

The guidance is part of the rapidly evolving rules on anti-money laundering and aims to promote UAE as a jurisdiction compliant with best practices.

All I want for Christmas is… increased fining powers and a high degree of costs immunity

We consider how these developments will impact the legal profession and its professional indemnity insurance inside and outside of the Christmas period.

Time to Register on the Register of Overseas Entities

This new legislation applies to any company or similar entity that is incorporated outside of the UK and broadly apply to any freehold or leasehold property in the UK. Please read our previous update for further information.

Cayman Islands modernises merger and consolidation schemes of arrangement

A Cayman Islands scheme of arrangement can be proposed between a company and its Shareholders or any class of them for the reconstruction of any company or companies or the amalgamation of any two or more companies.

FCA plans to broaden retail access to LTAFs ‘may not go far enough’

LTAFs are intended to help better manage the liquidity risk of long-term illiquid assets

Irish central bank sets deadline for outsourcing register reporting

There are different templates for different sub-sets of the financial services sector.

Bias risk means diversity must be built into health research

Determined to combat health inequality, Javid set up an independent review in a bid to establish the extent and impact of potential ethnic and other biases in the design and use of medical devices.

NYDFS Flexes Enforcement Muscle In Crypto Markets With $30 Million AML and Cybersecurity Fine and Draft Cybersecurity Amendments

NYDFS also required Robinhood Crypto to retain an independent compliance consultant for 18 months.

Government Regulation