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

UK watchdog issues warning about 111 unregistered crypto asset firms

This is a very real risk so we are worried about that.

Regulatory governance in private markets

Private markets have long been considered one of the most complex regulatory areas in financial services, preventing many wealth managers from entering this market altogether.

The EDPB’s uncompromising new recommendation on transborder dataflow

The Recommendation is uncompromising and intended to ensure the EU’s protective framework

Swiss Court Convicts Executive of Insider Trading

His prosecution is emblematic of far stricter enforcement of Swiss insider trading rules, which were buttressed more than ten years ago.

DFSA orders FFA Private Bank's Dubai arm to halt trading for certain clients

The prohibition will remain in place until FFA is able to demonstrate that it has addressed these weaknesses. FFA is cooperating with the DFSA to resolve the issues

How Bermuda's new cyber regulation will impact its insurance industry

A reasonable requirement is that such arrangements be subjected to a risk assessment and secured with appropriate controls.

Government publishes regulations and guidance on climate risk governance for pension scheme trustees

Accompanying guidance (‘Guidance’) published in June by the Department for Work and Pensions (‘DWP’), sets out how and when trustees must implement climate change governance measures

Return to work post-covid restrictions

In anticipation of Freedom Day, many businesses will have made preparations for employees to return to the office, be that full time or a hybrid working arrangement.

Fraud unravels everything – how the BVI Courts can assist

To secure assistance from the BVI Courts in tackling fraud, there must be a nexus to the BVI that engages the Court’s jurisdiction.

Uncertainties remain over UK’s IR35 rules

If the services are ‘fully contracted out’ of IR35, the client is the business engaging the PSC contractor as part of the wider supply of services.

Brexit: less than 10 days to request a new residency permit

Tick Tock! Reminder to British Citizens Living in Luxembourg: Less than 10 days remaining to request a new residency permit before 30 June 2021

English High Court rules on scope of its power to determine jurisdiction of arbitral tribunals

The defendant chartered a ship from the claimant on a standard form.

SEC charges three more defendants in alleged US$30 million ICO fraud

The SEC’s complaint charges Hamid, Gietz, and Page with violating, as well as aiding and abetting violations of, antifraud provisions of the federal securities laws and with violating securities registration requirements.

Guernsey Economic Substance Update: Scope Extended to Include all Partnerships from 30 June 2021

These new regulations consolidate all existing regulations issued to date regarding economic substance in Guernsey and also extend the scope to include all forms of partnership (general partnerships, limited partnerships and limited liability partnerships

Government Regulation