09/13/2021
BVI enhances registered agent whistle-blower requirements
The revised section 54A came into force as of 19 July 2021.
Government Regulation
09/12/2021
The UK’s LIBOR safe harbour legislation: a missed opportunity?
The FSA 2021 makes amendments to the UK Benchmarks Regulation
09/12/2021
SEC committee recommends greater regulation of SPACs and Rule 10b5-1 plans
The committee also voted to approve recommendations that would impose greater restrictions on Rule 10b5-1 trading plans.
09/12/2021
Basel III implementation in the European Union
Introductory remarks by Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision and Governor of the Bank of Spain, Eurofi panel on Basel III implementation in the EU, Ljubljana, 10 September 2021.
09/12/2021
Watchdog hits Grant Thornton with £4m fine over Patisserie Valerie collapse
The Financial Reporting Council’s fine over the auditing of one of Britain’s best-known cafe chains could be announced as soon as this month, Sky News learns.
09/10/2021
New rules for investment firms remuneration policies as of 31 July 2021 in Luxembourg
Specific rules apply in case the investment firm benefits from extraordinary public financial support.
09/10/2021
German finance ministry raided in money laundering probe
Probe puts spotlight on financial crime ahead of elections
09/10/2021
FCA consults on Handbook and Enforcement Guide changes using new FS Act 2021 cancellation and variation power
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have published a joint Dear CEO letter setting out their expectations of firms when undertaking trade finance activity.
09/10/2021
Bermuda | Three Day Registration for Special Purpose Insurers Issuing Bonds
The BMA is a well-respected financial markets regulator, a reputation which extends beyond Bermuda, and has been earned in part through the BMA's ability to innovate and collaborate with market participants.
09/10/2021
BVI Court Orders Indefinite Committal Of Extra - Territorial Contemor
Where a party to BVI proceedings is found to be in contempt, the court has a discretion as to whether it will continue to hear the contemnor.
09/10/2021
Latham & Watkins Advises on India's First Sustainable AT1 Notes Issuance
The transaction is also Axis Bank’s largest ever single-tranche USD bond issuance to date.
09/09/2021
China's new personal information protection law setting new grounds
Unlike the Cybersecurity Law and Civil Code which focus on the data subject’s consent for PI handling, the PIPL authorizes the handling of PI in the absence of an individual’s consent
09/09/2021
UAE's anti-money laundering body endorses framework for virtual assets
In 2019, the financial crimes watchdog, the Financial Action Task Force, announced that cryptocurrency firms would be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering.
09/09/2021
SEC & CFTC Enforcement Update
Three of the CFTC’s four actions concerned commodity pool fraud.
09/08/2021
No phone zone: mobile phone bans to improve safeguarding and behaviour in UK
Although the majority of schools have policies in place limiting the use of phones in classrooms, rules and sanctions have not always been applied consistently.
09/08/2021
EU Foreign Subsidies and Antitrust: an ongoing quest towards certainty and clarity
In a nutshell, if the Commission considers that foreign subsidies might distort the internal market, it can investigate and impose redressive measures.
09/08/2021
Luxembourg: driving the EU’s historic recovery programme
Linklaters Luxembourg was appointed by Credit Agricole Corporate and Investment Bank, as arranger, to implement a programme of debt issuance for the EU and Euratom.
09/08/2021
European Commission Publishes New AML / CFT Action Plan
The proposals aim to facilitate effective and consistent cross-border application and implementation of EU AML / CFT rules and introduce a new more stringent enforcement framework in the EU.
09/08/2021
Financial Services & Banking News
The Parliament will consider the proposed Directive during its plenary session to be held from 18 to 21 October 2021.
09/08/2021
UAE Announces New Federal Data Law
The Data Law seeks to find harmony between privacy, cost, compliance and commerce.