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Insurers to support cyber risk management

Asia is vulnerable, and the region alone has accounted for over a quarter of global cyber-attacks in 2021.

Continuing requirements for BVI companies

The Annual Declaration must be filed within six months of the company's financial period ending.

Reminder of annual filing deadline for CIMA registered directors

The annual declaration should be filed through the CIMA Director Portal.

Deferral of the SFDR RTS – No time for a break for financial market participants

Accordingly, the EU Commission has announced yesterday that it will defer the application of the SFDR RTS to 1 January 2023.

European Commission publishes proposed amendments to the Alternative Investment Fund Managers Directive

The Commission acknowledges that the AIFMD has generally worked well in terms of introducing a harmonized, supervisory framework for alternative investment fund managers.

EU parliament prepares for vote on Digital Markets Act

The DMA, drafted by the European Commission in December 2020, faced lengthy delays while MEPs on the Committee on the Internal Market and Consumer Protection (IMCO) scrutinised its wording.

Director duo banned for £800k ‘ethical water’ investment scam

A further £200,000 had been withdrawn from the company account over a two-year period, from 2018 and 2020, in cash.

FCA reforms decision-making to tackle consumer harm

The FCA has reformed its decision-making process to ensure it can make faster and more effective decisions for consumers, markets and firms.

European Commission’s Proposals for reform of AIFMD, UCITS Directive and the ELTIF regime

Welcome changes or regulatory creep?

HSF Financial Regulation: Daily Update

The Regulation relates to the reporting of credit and market risk information by relevant institutions.

Mandatory reimbursement among proposals to crack down on UK payment scams

The PSR also recommended making reimbursement of APP scam victims mandatory.

FRC warns against ‘neglect’ of Corporate Governance Code

The FCA did note general improvement in disclosures concerning environmental and social issues over the last year – particularly in relation to how they were considered at board-level – but said subscription to diversity and inclusion policies

Yasmin Khan-Gunns takes home two accolades at the Family Law Awards 2021

The Family Law Awards were launched in 2011 to recognise the important work of family lawyers, and celebrate their many successes and outstanding achievements.

New guidance issued by the EDPB on international transfers of personal data

The EDPB announced that itencourages and stands ready to cooperate in the development of a transfer tool, such as a new set of SCCs

European Commission publish proposals on establishing a European single access point

The ESAP is intended to provide an easy centralised point of access to information about financial services, capital markets and sustainability, that entities and competent authorities are required to make public.

ICSID issues final draft of investor-state dispute rule amendments

This has led states and arbitral tribunals to examine in further detail the impact of third-party funding on the current system of investment protection and investor-state dispute settlement.

A chain reaction: the link between diversity and remuneration in financial services

The last decade has seen an unrelenting focus on culture within financial services.

UK Charity Commission closes its case into The Runnymede Trust

The Commission examined whether the trustees of Runnymede had acted in accordance with their legal duties and responsibilities and whether the charity had been engaging in unlawful political activity.

UK Charity Commission Inquiry into Manor Building Preservation Trust Limited

The inquiry was prompted by concerns raised by one of the trustees, including unauthorised trustee remuneration, private benefit and occupation by the trustees of a charity-owned property.

Who governs? UK Supreme Court clarifies applicable law for arbitration agreements in enforcement context

The decision serves, amongst other things, as a caution that, where arbitration is the parties' chosen dispute resolution method, it is in general best practice wherever possible to specify a separate governing law provision for their arbitration agr

Government Regulation