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

Package designed to ensure financial market development and investor protection in the market

Changes regarding the tender offer to subscribe for the sale or exchange of shares in a company

Jersey Private Funds – Use by Family Offices

In the last 12 months we have seen increased use of JPFs by family offices created by high net-worth and ultra high net-worth families.

Disclosure of Beneficial Ownership in 2021 – Luxembourg Perspectives – Alert 5 of the Series

The Luxembourg Beneficial Ownership regulatory framework has been completed first with the issuance on February 15, 2019

Financial Regulation: Daily Update

This would mean that short-term liabilities owed to these firms will continue to be exempt from bail-in under the Banking Act.

WhatsApp fined €225m for GDPR transparency failings

The final fine imposed of €225m is much greater than the DPC had originally proposed to serve WhatsApp.

German state-owned bank fined for Angolan loan exposed in Luanda Leaks

KfW-Ipex-Bank, an import-export bank, had loaned more than $55 million through an Angolan bank to a brewery controlled by Isabel dos Santos.

Lloyds taken to court over mortgages tied to property values

The case is against the Bank of Scotland, which Lloyds merged with back in 2008 as part of a £12bn deal during the financial crisis to create the UK’s largest retail bank.

SRD II: Transforming Global Proxy Voting And Shareholder Disclosure

Investor communications is a core competency, at the heart of Broadridge.

Luxembourg Plans To Give Its Business Registry More Teeth

The move comes six months after a group of international journalists, coordinated by OCCRP, published their OpenLux investigations, revealing how the country’s opaque financial system allows criminals and the corrupt to avoid taxes and launder their

IBOR Transition

The purpose of the synthetic rates would be to support an orderly runoff of difficult-to-amend legacy contracts.

UK/EU: Looking beyond the Lugano Convention?

Having informed those institutions of that assessment, the communication then stated that the European Parliament and the Council of the EU would be given an opportunity to express their views before the Commission would inform the depositary accordingly.

The Singapore Court of Appeal considers the UNCITRAL Model Law

A case involving the Singapore Model Law is ancillary to a primary restructuring proceeding brought outside Singapore.

New Roadmap for Re-Opening Published - What Does it Mean for Employers?

The Irish Government has noted that during the interim period of 1 September to 22 October 2021, a careful and gradual approach should be taken to re-opening.

UK data protection reform planned

The previous UK Data Protection Act implemented the 1995 EU directive and had been in force since 1998.

SEC Committee Supports Chairman's Call to Reform Rule 10b5-1 Trading Plans

The IAC’s actions are expected to add momentum to SEC Chairman Gary Gensler’s recent direction to SEC staff to present recommendations to “freshen up” Exchange Act Rule 10b5-1 by tightening its restrictions.

FCA ban on adviser convicted of child grooming upheld by tribunal

The FCA banned Jon Frensham from operating as an adviser in October 2020, more than three years after he was convicted for attempting to meet a child.

Introducing IFD / IFR: A New Prudential Regime for Investment Firms

IFR and IFD entered into force on 25 December 2019.

Mauritius: Amendments to Immigration Laws to Promote Investment and Increase Access to Non-Citizens

A non-citizen may, through the Economic Development Board, now apply for a family occupation permit

The new PRC Personal Information Protection Law

The PIPL has a territorial reach that is similar to the EU’s General Data Protection Regulation (GDPR) in that it applies to both operations in China

UK employers can expect wave of new data and AI guidance

The ICO is seeking views on the precise topics that employers want to see addressed in its new guidance but has said it intends to address the processing of personal data in the context of recruitment, selection and verification, employment records, monit

Government Regulation