07/07/2021
GCC Quarterly Review Q2 2021
The UAE Central Bank has issued two new regulations as to capital requirements.
Government Regulation
07/07/2021
Agents should prepare for an increase in AML legislation due to Brexit
The UK recently decided to opt out of transposing the EU’s 6th Anti-Money Laundering Directive (6MLD) due to many of its requirements being already covered by existing UK law.
07/07/2021
Diligend and eVestment Align to Automate the Due Diligence Process
The platform enables one-to-one, periodic and ad-hoc data collection efforts which can be difficult to manage as the information is often tied to individual, static documents.
07/07/2021
China Considers Closing Loophole Used by Tech Giants for U.S. IPOs
Securities regulator working to change overseas listing rules
07/06/2021
Corporate Insolvency and Governance Act 2020 (CIGA)
A key measure, introduced by CIGA, was the restriction on using the winding-up process.
07/06/2021
Non-fungible Tokens: what’s all the fuss?
The blockchain solution represents the back-end technology that tracks the NFT and who owns it.
07/06/2021
Cooperation Arrangement for Cross-border Corporate Insolvency and Debt Restructuring Proceedings Established between Mainland China and Hong Kong
Corporate insolvency administrators from the Mainland may also apply to the High Court of Hong Kong for recognition of corporate insolvency proceedings in the Mainland.
07/05/2021
New disclosure rules for Jersey sustainable investments
The JFSC has just announced that, from 15 July 2021, or 17 January 2022 for existing funds and Jersey investment businesses, new disclosure requirements will be introduced into the Codes of Practice for Certified Funds
07/05/2021
Regulatory change brings even more transparency to doing business in Switzerland
The new trust law, due to be published for consultation this summer following approval, will make it possible to settle a trust in Switzerland under Swiss law.
07/05/2021
Regulation: The solution to Bitcoin’s risks and unrealized benefits
Distributed ledger technology is key to the promotion of cryptocurrencies like Bitcoin, which was launched in 2008.
07/05/2021
Changes to Takeover Code on Conditions to Offers and Offer Timetable
There is now a single “unconditional date” for the satisfaction of all conditions
07/02/2021
A UK MiFID II “Quicker Fix”: UK Quick Fix SI amends UK MiFID II regime from 26 July 2021
The changes are summarised below, alongside an initial view on divergences from the EU MiFID II Quick Fix.
07/02/2021
Guernsey Economic Substance extended to certain partnerships as from 1 July 2021
As with companies, the Regulations do not apply to collective investment vehicles structured as partnerships, unless they are self-managed.
07/02/2021
A UK MiFID II “Quicker Fix”: UK Quick Fix SI amends UK MiFID II regime from 26 July 2021
Reacting to changes made by the EU MiFID II Quick Fix to the EU MiFID II regime, the FCA consulted (in CP21/9) on certain changes to the UK rules on inducements relating to research and on best execution reporting.
07/02/2021
EU Securitisation Repository reporting now required
Pending the registration of a securitisation repository, SECR required the reporting to be performed via a website satisfying the requirements set out therein.
07/02/2021
Cayman Islands regulator to investigate scope of Binance activities
The Authority is currently investigating whether Binance, the Binance Group, Binance Holdings Limited or any other company affiliated with this group of companies has any activities operating in or from within the Cayman Islands
07/02/2021
Saunders v Vautier where the beneficial class is not closed - The Debate goes on
It is settled law nowadays that this principle also extends to discretionary trusts, at least where the beneficial class is closed.
07/02/2021
Cayman Islands Debt Restructuring
Cayman Islands restructuring provisional liquidation is a powerful debt restructuring tool.
07/02/2021
New contribution notice powers under the Pension Schemes Act 2021
The Pension Schemes Act 2021 includes several changes relating to CNs.
07/01/2021
SEC Increasingly Turns Focus Toward Strength of Cyber Risk Disclosures
This Legal Update provides background on the new SEC chairman and the SEC rulemaking process, the SEC’s prior guidance on cybersecurity disclosures