09/15/2021
Data Protection Act Enters Into Force in the BVI
It also applies to non-BVI entities that use equipment in the BVI for processing personal data otherwise than for the purposes of transit of data through the BVI.
Government Regulation
09/15/2021
The U.S. Infrastructure Bill and Cryptocurrency Regulation
One such newly proposed cryptocurrency regulation is included as a provision of the $1 trillion bipartisan infrastructure bill moving through Congress.
09/15/2021
European Parliament to debate new rules on litigation funding
The European Parliament's Legal Affairs Committee wants to create a set of rules regulating third party litigation funding (TPF) in the EU. On 15 June, it published a draft report (PDF/238 KB) with recommendations for the European Commission.
09/15/2021
Consumer Investments: Strategy and Feedback Statement
We set out our view of consumer harm in this market and our 3-year strategy to address this.
09/15/2021
German Federal Court of Justice decision: Finally more legal certainty regarding influencer marketing
Now the German Federal Court of Justice had the opportunity in three similar cases to deal with the open questions.
09/15/2021
Another step in the transformation of the FCA: Using the new cancellation and variation power
The RDC will follow the warning notice and decision notice procedure set out in DEPP.
09/15/2021
Financial Regulation: Daily Update
Under the strategy, the FCA has set out a number of targets to be reached by 2025
09/14/2021
Cayman Private Fund Annual Return and Related Fund Entity Deadlines Extended ( Final-Extension )
The filing due date for the Forms for private funds with a financial year-end of 30 April 2021 and later will continue to be 6 months following such financial year-end.
09/14/2021
Voluntary Liquidations for British Virgin Islands Second Half Year Companies
To prevent the expense of annual 2022 government registration fees, an appointed voluntary liquidator will be required to file the final notice for a company on or before 29 November 2021.
09/14/2021
Investment funds: new rules for distribution and pre-marketing in Germany
Germany has extended the concept to semi-professional investors.
09/14/2021
IBOR transition: Treasury proposes UK BMR safe harbour provisions
The FCA expects to consult on the long-awaited question of exactly what types of contract should constitute tough legacy later this month, and a policy statement is expected to follow later this year.
09/14/2021
New UK guidance for fundraisers dealing with people in vulnerable circumstances
The rules that govern how to deal with people in vulnerable circumstances while fundraising are set out in the Charities Act 2016 and the Code of Fundraising Practice.
09/14/2021
UK Announces 'Dirty Money' Crackdown, Including Tougher Crypto Regime
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets.
09/14/2021
EIOPA publishes the criteria for the independence of supervisory authorities
The criteria provide clarity for supervisory authorities on EIOPA’s expectations.
09/14/2021
Resealing of Foreign Grants of Probate in the BVI – New Act brings welcome Clarity
After the death of the shareholder, any BVI shares will be effectively frozen; voting rights will likely be suspended and the BVI company will be unable to distribute any dividends paid on the shares because no one will be authorised to give a good receip
09/14/2021
Warning: Four overseas financial service providers impersonated in scam
These scam businesses, their websites and email addresses are in no way related to the registered or previously registered businesses by the same names which are based in Belgium​, Austria and The Netherlands.
09/13/2021
FCA policy development update
Given the importance of robust regulatory returns, the PRA expects all banks, designated investment firms and building societies to consider the findings in the letter and any work they may need to do to remediate applicable issues.
09/13/2021
Maltese trusts – an attractive estate planning tool
Anjelica Camilleri de Marco, Senior Associate in Malta, outlines the adoption of trusts in Malta and examines their tax treatment.
09/13/2021
COVID-19 vaccination mandates coming to a workplace near you
Specifically, President Biden has required all federal workers as well as employees of federal contractors to be vaccinated against Covid-19.
09/13/2021
Award-winning cyber security expert to speak at Mourant Trusts Forums
David’s keynote will discuss how cyber criminals operate, the way criminals exploit businesses and their data, and what firms can do to guard against cyber crime.