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No Stone Unturned: Tools of the trade available to the asset recovery lawyer in Guernsey

The application must not be merely for the purpose of obtaining pre-trial discovery of what a witness might say if called at trial

BVI open-ended funds

This guide focuses on BVI business companies and BVI open-ended investment funds, and it aims to provide an overview of the different types of open-ended investment funds in the BVI and the regulatory requirements and obligations that these funds are subj

BVI Approved Managers Regime

The application process for approval is generally quick and straightforward making it an appealing and popular option for both start-up and existing qualifying investment managers and advisors.

Charities aspects of the Levelling Up White Paper in the UK

Access will provide urgent financing to over 1,000 charities and social enterprises in the more deprived areas of England.

Financial firms should monitor FCA's AR consultation ‘carefully’

There are currently around 40,000 ARs in the UK, with around 16,000 ARs operating in the retail lending industry, and around 12,000 in general insurance and protection.

UK ports face Russia sanctions compliance challenge

Francis Tyrrell of Pinsent Masons was commenting after the UK government introduced new legislation aimed at preventing Russian vessels from entering UK ports.

Borrowers beware – HMRC's new DeFi guidance

But the new guidance looks likely to disrupt the DeFi market in ways that crypto investors and users may see as disadvantageous.

Foreign direct investment in the EU

Even under the new Regulation, the member states largely remain autonomous in their approach on how to deal with FDI.

UK to boost sanctions enforcement and corporate transparency

The UK government has announced a significant package of sanctions in the wake of the invasion.

SEC Reporting Changes: Accelerated Settlement Cycles

These changes are “designed to protect investors, reduce risk, and increase operational efficiency.

SEC Proposal Significantly Impacts Private Fund Advisers and Investors

The SEC stated that the Proposal is intended to address activities harmful to private fund investors

EU Annex II Update - Bermuda & BVI

No direct penalties or sanctions will be imposed by any EU member states on entities or institutions in listed jurisdictions as a result of their inclusion in Annex II.

Greater China Risk Insight: Looking ahead in the Year of the Tiger

The world of disputes is also rapidly evolving.

‘No quick fix’ for UK amber flag pensions rules issues

New transfer rules introduced in November 2021 require the trustees of a transferring pension to find an amber flag

Dealings with sanctions target-owned businesses require UK licence

It is important businesses do their due diligence to understand exactly who they are transacting with currently and screen who they might do business with in future

The BVI and the EU

On 24 February 2022, the Council of the European Union updated the EU list of non-cooperative jurisdictions for tax purposes.

Russian Military Action in Ukraine: Measures to Mitigate Related Cyber Risk

Numerous news reports also have described significant cyber attacks against Ukrainian systems that follow multiple waves of cyber attacks in the past few weeks that have targeted Ukrainian banks and government websites.

U.K. Plans New Law to Crack Down on Foreign Money Laundering

Law will set up registry of foreign owners of U.K. property

Barclays fined £783,800 for oversight failings

The FCA publicly censured Premier FX in February 2021 for failing to safeguard its customers’ money and seriously misleading its customers about the services it was authorised to provide.

Herbert Smith Freehills: Financial Daily Regulation Update

The report provides information on the substance of the Recommendation, such as the legal form of the measure and the type of financial institutions covered

Government Regulation