- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

UK Home Office scraps Police Registration Scheme for migrants

Migrants who have been issued with a visa with the requirement to register now no longer need to go to a police station to register

Probuild ruling changes common law stance on constructive acceleration claims

Probuild was delayed in completing the project and submitted an EOT claim to the project manager which was ultimately rejected.

Changes to the ex gratia regime under the Charities Act 2022

An ex gratia payment is not to be confused with a payment to compromise a legal claim

Charities Act 2022 - simplifying property sales in estates (a step too far?)

Only time will tell, and whilst there is no reason why this should necessarily be the case, charities should be alive to the potential risks when the new regime comes into force.

SEC Staff Posts Conflicts of Interest Guidance for Investment Advisers and Broker-Dealers

The Bulletin is styled as a “Q&A” and covers, among other matters, identification,2 elimination, and mitigation of conflicts, as well as conflicts policies and procedures.

Cyber Accreditation Body Releases Draft Assessment Process Applicable to Government Contractors

The Draft CAP will be part of the Department of Defense’s process to verify that contractors possessing sensitive unclassified government information take necessary steps to protect their information systems and data from the threat of cyber attacks

Shoosmiths to share success with new collegiate bonus scheme

The Shoosmiths Employee Bonus has an on target pay-out for all employees of 5% of basic salary for the performance year, with the opportunity to earn up to 7% of salary, depending on the firm’s performance.

A practical guide to the Register of Overseas Entities

This guide is intended to give some practical pointers for those who are affected by the operation of the Register of Overseas Entities.

Bird & Bird’s Finnish Capital Markets professionals contributed to Lexology’s Initial Public Offerings Guide 2023

The quick reference guide enables side-by-side comparison of local insights into initial public offerings

A new regime for critical third party providers to UK financial services firms is on the horizon

Publication of DP22/3 marks an early step on the road to the introduction of a new designation regime for third party providers in respect of the material services they provide to the UK financial services sector.

Businesses urged to set and report on purpose

Its vision is for all businesses in Scotland to “have become purposeful businesses which profit from finding solutions for people and planet” by 2030.

The substratum rule: does it matter?

The Bermuda Court of Appeal’s reasoning in Grand View was accepted and followed by the Royal Court of Jersey in Rysaffe

Snapshot: Jersey's impounder restrictions in relation to discretionary trusts

In this Snapshot, partner Damian Evans, senior associate Matthew Davies, and trainee solicitor Paola Sequeira consider the arguments for and against.

Lexology Transfer Pricing Guide 2023: Luxembourg

The chapter provides insights into principal legislation, enforcement authority, role of OECD Transfer Pricing Guidelines

Lexology's Getting The Deal Through: Data Protection & Privacy 2023 – Ireland

Shane, Conor and Coleen answer commonly asked questions related to data privacy and protection in Ireland

Screening of third country transactions in Ireland to become the norm

Parties must also notify the minister if such a transaction involves the use of critical technologies such as artificial intelligence, cybersecurity, and defence, as well as the supply of energy, raw materials or food.

Loan fee fraud – FCA warns consumers about its rise and how to protect themselves

With the cost of living at an all-time high, the FCA has relaunched their campaign via various platforms including advertisements and social media to protect victims from this type of scam.

FCA publishes policy statement on improvements to the Appointed Representative regime

The FCA has introduced a transitional period for the self-assessment document, allowing principals up to a year after the rules come into force

Compare The Market ruling ‘not green light’ for price restriction clauses

It remains to be seen whether the CMA will appeal the CAT ruling to the Court of Appeal in London.

Central Bank Publishes Outsourcing Register - Submission Requirements

The latest advisory from Walkers' Asset Management & Investment Funds Group explains the scope of the rules, reviews the guidance notes, and sets out the key deadlines.

Government Regulation