07/08/2022
Greenwashing in the European financial services sector
Greenwashing is a form of marketing which conveys a false message because it provides misleading information as to the sustainability of a particular product or service.
Government Regulation
07/08/2022
Paul Hastings Advises SD Biosensor and SJL Partners on $1.53B Acquisition of Meridian Bioscience
The transaction is expected to close in the fourth quarter of 2022
07/08/2022
FCA Identifies “Clear Rationale” for Regulating ESG Data and Ratings Providers
The FCA emphasised the increasing prevalence of providers and the potential harm from lack of regulation in this area.
07/08/2022
BCBS consults on draft standards for the prudential treatment of cryptoasset exposures
These standards go well beyond the treatment of unbacked cryptoassets like Bitcoin, and could potentially determine the economic viability of a broad range of digitalisation projects.
07/08/2022
British Virgin Islands Private Trust Companies
This is a corporate trustee established for the purpose of acting as trustee of a specific trust or trusts
07/08/2022
FATF Compliance – EU Confirms no Additional AML-CFT Measures for Cayman
The EU will initiate steps to delist the Cayman Islands once FATF removes the Cayman Islands from its list of jurisdictions under increased monitoring.
07/08/2022
Insurers and Insurance Managers: Review & Reset Items
Note that if a company remains in ‘enquiries pending’ for an uninterrupted period of not less than three months, that is treated as prima facie evidence that a breach has occurred and a fine may be issued.
07/08/2022
Jersey employment update - zero hours contract consultation and Employment and Discrimination Tribunal annual report synopsis
The vast majority of the determined cases saw the claim being heard within 6 months
07/07/2022
Channel Islands Funds Quarterly Update: Q2 2022
The States Assembly has approved a package of amendments to the Limited Partnerships (Jersey) Law 1994, the culmination of a cross-industry project to modernise and clarify aspects of the law.
07/07/2022
Government proclaims Corporate Insolvency and Governance Act 2020 a success story
The report is part of the statutory review which must be carried out within three years of the measures coming into force.
07/06/2022
I Left My Home in Georgia: New Guidance on Becoming a Bona Fide Resident of Puerto Rico
Accordingly, individuals seeking to be treated as bona fide residents of Puerto Rico should carefully consider which US contacts they should keep following a move to Puerto Rico.
07/06/2022
Welcome Enhancements to the QIAIF Pre-Submission Process
The Central Bank does not commit to any specific time-frame within which to review a pre-submission
07/06/2022
The regulation of Nuclear Fusion – a risk based approach?
Article providing update on Government’s proposals for the regulatory framework relating to generating fusion energy
07/05/2022
Irish FinTech Regulation Focus - Six Key Areas
The Central Bank expects Firms to assess their compliance with their safeguarding obligations
07/05/2022
ICO issues a warning on credential stuffing attacks
Data protection authorities have identified credential stuffing as a significant cyber threat to personal information and have advised on steps to combat this.
07/05/2022
Chinese regulator publishes the draft China SCC
The Cyberspace Administration of China published the long-awaited standard contract for cross-border data transfer on 30 June for public comment.
07/05/2022
Secrecy of communication: the limits of the investigative powers of the Belgian tax authorities
The Belgian tax authorities’ right to request information
07/05/2022
Irish UPC referendum expected within two years
The UPC is being set up to provide a dedicated judicial system for litigating new unitary patents, and existing European patents that are not specifically opted-out of the UPC’s jurisdiction will also be subject to the new court system.
07/04/2022
German coalition party wants to examine ‘fracking’ option in Germany
The German fracking law package that came into force in 2016 significantly tightened existing water and nature conservation requirements for the use of fracking in unconventional gas deposits.
07/04/2022
UK Supreme Court rules that judges can reverse orders before they are sealed
The court found that Judge Buehrlen did not give the finality principle the “central importance” which it deserved when considering FAAN’s application