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

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

Norton Rose Fulbright LLP and Save the Children launch global strategic partnership

Save the Children operates in more than 100 countries including the UK.

FCA Consults on Post-Brexit Changes to PRIIPS Regulation

UK rules will diverge from the much-criticised EU framework.

Central Bank of Ireland publishes findings of MAR compliance review

This briefing summarises the main findings of the CBI and the steps that market participants should take now to address their obligations and to achieve the standard of compliance expected by the CBI.

European Commission outlines plan for carbon border adjustment mechanism

The plan is part of a ‘Fit for 55’ package of proposals as part of the EU’s ‘green deal’ designed to reduce net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.

UK FCA tackles ‘greenwashing’ fund mis-selling risks

Its findings will be helpful to firms challenging themselves to assess where regulatory systemic problems may exist within their operations.

FCA secures conditional resolution of proceedings against Park First and its senior management

The FCA brought proceedings against chief executive, Toby Scott Whittaker, director John Slater and a number of companies involved or connected to the Park First Scheme.

Welfare fraud and errors cost UK a record 8 billion pounds during pandemic

The NAO said nearly all the increase in fraud was linked to Universal Credit, Britain’s main method of supporting those out of work or on low incomes.

Proposal for a regulation laying down harmonised rules on Artificial Intelligence - Impact on the healthcare sector and the medical device industry

The proposal follows a risk-based regulatory approach, laying down a methodology to define "high-risk" AI systems that pose significant risk to the health and safety of natural persons.

Government Regulation