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

Trust Essentials: July 2021

The past year has been a difficult and unsettling one for many.

Ireland Update: Gender Pay Gap Information Act 2021

These requirements are likely to apply from 2022.

Enforcing English judgments in the EU following Brexit

The guide looks in particular at recognition of judgments of English courts given under both exclusive jurisdiction clauses

CSSF clarifies MiFID application to Luxembourg investment fund managers

Should this not be the case, and an IFM delegates one or more functions included in the collective portfolio management to another authorised IFM, or to a third-party, this exemption will not apply, and the IFMs that delegate part of their functions shall

Old dog, new tricks - Complaints under the OECD Guidelines for Multinational Enterprises

While recent years have seen the non-judicial grievance mechanism established to hear complaints against multi-nationals under the Guidelines become increasingly prominent, there is still room for stakeholders to improve awareness and understanding of the

KPMG Regulatory Horizons

The outlook for financial services regulation.

Cross-border distribution of collective investment undertakings: implementation in Italy of EU rules

Most of the collective investment undertakings are sold in the home country of establishment and cross-border distribution is still too limited.

European Commission Proposed Green Bond Standard

The proposed Regulation aims to make the EU's financial system more sustainable by creating a 'gold standard' for green bonds that can be compared to, and potentially aligned with, other market standards.

Almost Time for Term SOFR

The different reference sources, day-count conventions, and publication calendars for Term SOFR and SOFR Averages are explained, and recommendations are given regarding key loan conventions.

Triple Point ruling clarifies rights to claim liquidated damages for delay

In the Supreme Court’s view, the Court of Appeal’s interpretation of the liquidated damages clause in the contract between PTT and Triple Point had been wrong.

Singapore and the UK commit new financial services cooperation

The two countries signed two agreements

Caribbean Cayman Regulatory Update - Q3 2021

The BVI have introduced a new package of legislation to provide a robust framework for anti-money laundering

Sustainable Financing and ESG Investment

We examine key implications for asset managers and financial institutions of the EC’s Action Plan on Financing Sustainable Growth.

Jersey - the REIT choice for UK property investment

We have prepared this note in order to set out some initial information and considerations in relation to the use of a real estate investment trust (“REIT”) which will list on The International Stock Exchange (formerly known as the Channel Isl

Harneys Cayman office converts to limited liability partnership

The name of the firm remains the same

Uncertain tax positions: draft legislation published

There will be a £5,000 penalty for failure to notify, with an escalating penalty for repeated failures to notify across multiple notification periods.

Increase in UK regulation of cryptoassets anticipated

As we improve our technology and capabilities, we will be able to identify and make better, faster judgements about harm.

Hong Kong regulator announces new green finance measures

The CGSF aims to help the financial industry manage the risks and capture the opportunities of climate change, which will also serve as a storage for resources, data and analytics helping with transition to more sustainable development.

FCA charges Simon Day with one offence of money laundering

Mr Day is due to appear at Westminster Magistrates Court on 10 August 2021.

Do no harm

For people businesses, social factors are increasingly driving ESG agendas

Government Regulation