12/14/2022
Discord Inc fined EUR 800,000 by French Regulator
Last month Discord was given a strong reprimand and significant fine by the French regulator.
Government Regulation
12/14/2022
DAC8: reporting rules on crypto-asset transactions
Proposed changes to the Directive on Administrative Co-operation in DAC8 include reporting rules for service providers facilitating transactions in cryptoassets
12/13/2022
UK’s appointed representative reforms mean new data demands on firms
Under the new rules, principals will be required to notify the FCA of future AR appointments 30 calendar days before they take effect and provide complaints and revenue information on their ARs to the FCA on an annual basis.
12/12/2022
Amendments to Guernsey's Insolvency Law 2022: The Annotated Guide
Reform of Guernsey's insolvency regime has long been discussed and a process of reforming the Companies Law to expand and improve the insolvency legislation has been underway leading to the 2017 formal approval of proposals for reform.
12/12/2022
UK businesses to face increased scrutiny of online selling practices by CMA
Consumer law experts said businesses should review their selling and marketing practices and could face increased compliance risks.
12/12/2022
Changes to Guernsey's insolvency regime in force from 1 January 2023
Exempt companies in liquidation from the requirement to have their accounts audited.
12/09/2022
BVI Voluntary Liquidations Now Require a Locally Resident Voluntary Liquidator
The BVI residency requirement for a voluntary liquidator applies for appointments made after 1 January 2023 and in cases where joint voluntary liquidators are appointed, only one must be resident in the BVI.
12/09/2022
Diagnostic hubs raise tax and regulatory issues for landlords
The Department of Health and Social Care has said 91 such diagnostic centres are already operational and have delivered more than 2.4 million tests, checks and scans since July 2021.
12/09/2022
DIFC to regulate ‘buy now pay later’ products
To mitigate these issues, the regulator has proposed amending the current financial services activity of “providing credit” to expressly include those who finance the purchase of goods and services, bringing BNPL providers firmly in scope of t
12/09/2022
EU supply chain legislation: member states call for gradual approach
The Council's compromise text now expressly provides for a right of full compensation for victims of human rights or environmental adverse impacts.
12/08/2022
New flexible working rights good news for employees
The Employment Relations (Flexible Working) Bill (5 pages / 101KB PDF), proposed by Yasmin Qureshi MP, will require employers to consult with an employee before rejecting a flexible working request, and make a final decision within two months instead of t
12/08/2022
Contracting with segregated portfolio companies — what any lender should know
The priority position with respect to the security will relate only to the specific segregated portfolio and will have no bearing on that of any other segregated portfolio.
12/08/2022
Central Bank finalises macroprudential policy framework for Irish property funds
The framework, which was published after an industry consultation, also contains guidance to limit liquidity mismatch in property funds.
12/08/2022
FCA proposes new regime for mainstream UK investment financial advice
The proposals have been made following the regulatory body’s recent Financial Lives survey, which found around 4.2 million people in the UK hold more than £10,000 in investable assets mostly or entirely cash and are open to investing some of i
12/08/2022
Mourant acquires Luxembourg legal and governance services business
The acquisition will enable Mourant to provide clients with legal, corporate and entity management services from Luxembourg, one of the world's leading international finance centres and the second largest global funds centre.
12/07/2022
Guernsey Listed Funds
Guernsey's companies law includes many English companies law principles
12/07/2022
Update on s.21 gateway: FCA consults on introducing gateway for firms which approve financial promotions for unauthorised persons
Firms which approve financial promotions for unauthorised firms should review and consider these proposals carefully.
12/07/2022
EU GDPR Rules for intra-group international data transfers updated
The guidance is entitled “Recommendations 1/2022 on the Application for Approval and on the elements and principles to be found in Controller Binding Corporate Rules (Art. 47 GDPR” (the “Recommendations”).
12/06/2022
European Court of Justice Decision on Public Beneficial Ownership Registers
The means utilized to achieve these aims often interfere with and/or provide exceptions to the enforcement of individuals’ rights to privacy and confidentiality, as are recognized in democracies across the globe.
12/06/2022
IT issues delay Unified Patent Court start to June 2023
The UPC is being set up to provide a dedicated judicial system for litigating new unitary patents.