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Cayman Islands Director 2022 Registration and Licensing

Ogier can provide a sample letter of resignation or more general assistance in completing the process if required.

Financial Regulation: Daily Update

The Call for Evidence also gathers views on potential challenges to the safe operation of the AR regime and possible future reforms that might be considered to address those challenges.

TRIPS Waiver

As consensus on the proposal seems unlikely, in this client alert we consider the existing law, which can require rights holders to share their technology in certain circumstances.

IFPR: FCA publishes final Policy Statement 21/17

The FCA has made some relatively minor adjustments and clarifications and affected firms should consider how to factor in these changes within their IFPR implementation.

Crypto firms – navigating the UK MLR registration regime

In order to allow firms to continue trading while their applications are being assessed, the FCA introduced a Temporary Registration Regime (TRR) for existing cryptoasset businesses.

Central Bank of Ireland Publishes Operational Resilience Guidance

The Guidance is accompanied by a feedback statement (the "Feedback Statement") summarising the feedback received from CP140, providing commentary on industry views and explaining changes made to the Guidance in its final form.

Take private transactions - a quick glance into the Cayman Islands mergers & acquisitions regimes

Another popular trend in the M&A world is the privatisation and delisting of Chinese companies listed on US securities exchanges.

UK seeking decarbonisation of public estate with help of new guidance

The UK government has set out guidance intended to help the estates teams and managers of public sector properties reduce emissions from and decarbonise the public estate.

Important update for owners of French property: changes to succession law in France

This may have involved making an election in your Will to have the law of your nationality apply to your estate.

US Banking Regulators Release Roadmap for Crypto-Related Activities by Banks

The Roadmap sets up a process for the Federal Banking Regulators to clarify the legal parameters for banking organizations engaging in, and the application of federal banking laws to, crypto-related activities.

Restricting a member's statutory right to take a transfer value - empowering trustees and protecting members?

The DWP acknowledge that this figure could be far higher as a result of the lag between a pension scam taking place and members finding out.

The Infrastructure Investment and Jobs Act Invests Heavily in Cybersecurity

In addition to appropriating billions of dollars to improving transportation networks, expanding broadband internet accessibility and promoting clean energy projects, the bill allocates $2 billion to strengthening the nation’s cyber defenses.

EU Digital Finance Strategy

The European Central Bank published its opinion on MiCA in February 2021.

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.

Government Regulation