10/12/2021
Caribbean Regulatory Update - Q4 2021
The Financial Investigation Agency Act, 2003 has been amended to enhance the FIA's supervisory powers in relation to financial institutions
Government Regulation
10/12/2021
Cayman Islands funds: economic substance notification filings for partnerships
Notwithstanding this expansion, an investment fund structured as a Cayman Islands exempted limited partnership is exempt from the requirement to meet any economic substance test in Cayman
10/11/2021
Parliamentary group publishes 'fraud and theft within families' report
‘Tackle the elephant in the room’
10/11/2021
Guernsey's new bespoke private wealth structure
Trusts have long been the “go to” structure for the holding of family wealth for its protection and for passing it on to future generations.
10/11/2021
Talking point: Dubai Decree 34/2021 – implications for the DIFC-LCIA
The Decree comprises of 10 articles which set out the new vision for the consolidation of arbitration centres in Dubai.
10/10/2021
Post-Brexit push: FCA to market London's financial services sector abroad
With the Treasury now planning to respond to the report in autumn ministers have hinted that financial regulators could be required to factor Britain’s global position in the financial services sector into policy decisions.
10/10/2021
Pensions Regulator finalises criminal offences policy
We summarise below the key points for trustees and employers who sponsor defined benefit (DB) pension schemes.
10/08/2021
Financial Crime: analysis of firms’ 2017-2020 REP-CRIM data
A key approach of the FCA, as set out in the business plan, is collaboration and partnering with others, such as government and other authorities, including law enforcement, to achieve more in raising standards across the regulated sector.
10/08/2021
Heightened Cyber False Claims Risk: New DOJ Approach to US Government Contractor and Federal Grantee Cybersecurity Enforcement
DOJ formed the Civil Cyber-Fraud Initiative to address a concern that contractors may be failing to give required notice of cyber breaches.
10/08/2021
Nasdaq makes it more difficult for companies based in “restrictive markets” to list
Companies that are public in the United States are required to file audited financial statements with the SEC.
10/08/2021
Expect scope of UK climate change litigation to broaden
This claim is unique in that it is alleging that Santos has engaged in misleading and deceptive conduct in breach of Australian consumer law by claiming in its annual report and on its website that natural gas provides ‘clean energy’ and that
10/08/2021
A new dawn for FFP and the expected impact of the new rules
The new rules are expected to mark a step-change
10/08/2021
Saudi data protection reform to take effect in March 2022
The Saudi Data and Artificial Intelligence Authority (SDAIA) will supervise the implementation of the new legislation for the first two years.
10/08/2021
UK pensions industry aims for more say over managed assets
The taskforce makes the additional point that the governance and execution processes for stewardship of assets
10/08/2021
The BVI Common Law After Broad Idea
Although it is the usual situation, there is no requirement that the judgment should be a judgment against the respondent.
10/08/2021
Formal accounting: General considerations following entry into effect of bitcoin law
This article presents some general considerations that merchants required to comply with the “formal accounting” requirements under El Salvador’s commercial
10/08/2021
Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements
Progress Report on the implementation of the FSB High-Level Recommendations
10/08/2021
A “sea change” in attitudes towards third party litigation funding in Jersey
These old offences of champerty and maintenance were first decriminalised in England in 1967.
10/08/2021
Overview of joint and several liability notices for tax avoidance, tax evasion and repeated insolvency
This guidance is about the ‘Joint and several liability of company directors etc’ legislation
10/07/2021
Luxembourg: New Performance Fee Declaration
The declaration will be available from 30 September 2021 for all funds with a July to December 2021 financial year end and from January 2022 for all funds with a January to June 2022 financial year end.