08/04/2022
A matter of Principle (12): FCA finalises Consumer Duty rules and guidance
The Consumer Duty will apply to new and existing financial products and services that are open for sale or renewal from 31 July 2023
Government Regulation
08/03/2022
US Inflation Reduction Act Includes Changes to Carried Interest Taxation
Congress enacted Section 1061 as part of the 2017 Tax Cuts and Jobs Act to reform the tax treatment of service providers that receive a carried interest in funds or certain other investment vehicles.
08/03/2022
Bahamas: Aviation Finance & Leasing
The Guide is produced in association with The World’s Leading Lawyers.
08/03/2022
Hong Kong SFC's New Rules on Bookbuilding & Placing Activities Come into Effect – 5 August 2022
This latest note summarises additional guidance issued by the regulators and transitional arrangements for offerings that will straddle the effective date of the new requirements.
08/03/2022
Germany’s BaFin clarifies rules for fund distribution and pre-marketing
In Germany, this means that almost every exchange between the fund manager
08/03/2022
Post-planning permission habitats assessment requirements clarified
The confirmation came in the form of a written ministerial statement issued by environment secretary George Eustice towards the end of last month.
08/03/2022
Proposed English law reforms position the UK as a global hub for digital assets
The Law Commission’s consultation paper builds on this momentum and makes further strides towards developing a strong, sensible and flexible UK framework to accommodate the innovative potential of digital assets.
08/03/2022
Commencement date confirmed for Cayman Restructuring Officer Regime
The Amendment Act introduces a new corporate restructuring process and the concept of a dedicated restructuring officer into the Cayman Islands Companies Act (2022 Revision).
08/02/2022
TLT partners with Belmont Estate to restore nature, climate and community
The partnership is part of TLT’s commitment to working with other sustainability-minded organisations
08/02/2022
Guidance Notes on Complying with Beneficial Ownership Obligations in the Cayman Islands
An overview of the Cayman Islands Beneficial Ownership Guidance Notes.
08/02/2022
EU Nears Adoption of Expansive Corporate Sustainability Reporting Requirements
Proposed Directive would apply to public and private companies, including many non-EU companies
08/02/2022
Introduction of the New Cayman Islands Restructuring Officer Regime
Upon filing the application seeking the appointment of restructuring officers, companies will be able to obtain an immediate and standalone restructuring moratorium on unsecured creditor action which will have extraterritorial effect
08/02/2022
Disharmony and mistrust top key concerns for Trustees
With Trust Companies often having to manage competing demands and expectations, respondents were asked to identify the primary source of beneficiary disputes.
08/02/2022
Final EU standards on sustainable finance disclosures published
The RTS supplement the 2019 Sustainable Finance Disclosure Regulation and provide guidance at a time when, in particular, ESG-branded financial products are coming under increased scrutiny.
08/01/2022
Fund managers urged to revisit distribution agreements over marketing
The new guidance provides clarification around where responsibility sits for ensuring that marketing communications comply with the requirements set out in the respective directives in cases where a third-party distributor, and not the fund manager itself
08/01/2022
The Law Commission digital assets consultation – a proposal for property rights reform
The Law Commission considered and dismissed a potential fourth criterion of “divestibility” – being capable of being transferred or disposed of – which characteristic they determined to be common but not critical among data objects
08/01/2022
The well-mannered whistleblower: what if blowing the whistle is part of your role?
A whistleblower who hacks their employer’s computer systems to demonstrate their vulnerability to attack, for example, will not have statutory protection.
08/01/2022
Ruling highlights evidence disclosure duties in South Africa
EY was willing to withdraw from the project to allow Transnet to re-tender, but Transnet rejected this option and asked EY to prepare a revised work plan.
08/01/2022
Resumption toolkit for suspended issuers in Hong Kong
In the past several years, a number of suspended issuers were delisted by the Stock Exchange of Hong Kong (the “ Exchange “) as a result of their failure to secure a resumption before the expiry of the 18 months remedial period.
07/29/2022
Global Registration Services Market Update Q2 2022
Italy introduces a new Category of Non-Professional Investors for AIFs