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

SMCR and COVID: Regulatory expectations and a "reverse holiday" rule? Just a thought.

Post the financial crisis in 2008 you will remember that the FSA effectively brought in a "two week holiday rule".

Implications of sustainability and ESG for the securitisation market

This movement within the securitisation context is aligned with the wider global and political commitment towards greater focus on the sustainability of investments and an increased investor interest in human rights considerations.

Irish WRC hearings must be public, Supreme Court rules

As amending legislation will be required, it will be necessary for the WRC to update its procedures in line with the legislation and policy when this is enacted.

Bond restructuring – overcoming structural bond impediments to effect a compromise

It should be noted that the restructuring in that case was by way of a plan of arrangement under the new English Part 26A of the 2006 Act, implemented by the Corporate Governance and Insolvency Act 2020, where cross-class cram downs are available.

ENSafrica’s Thierry Koenig nominated to sit on the Institute of Judicial and Legal Studies board

The IJLS plays a key role in the professional development of barristers, attorneys and notaries in Mauritius

Jersey: Return to the Office – Anxiety, Discrimination and Reluctant Employees

Businesses have been provided with specific guidance to make your RTW space as safe as possible.

Singapore Exchange Consults on Proposed Listing Framework for SPACs

The proposal covers broad admission criteria; conditions for founding shareholders, the management team, and controlling shareholders; and business combination requirements.

UK tax compliance and enforcement for wealthy individuals

Cases are chosen for the programme if there is a significant amount of tax at risk and it is thought that compliance interventions by the HRWP will add value.

Kenya proposes 'investor friendly' PPP law reforms

The bill also envisages a more robust project management and institutional framework through the establishment of a PPP Directorate and project implementation teams.

BCBS Issues Two Climate-Related Reports Highlighting Work Remaining

This Legal Update provides further detail on what the reports reveal regarding progress made in the assessment and quantification of climate-related financial risks by banks and their supervisors and comments on the further work that remains.

Walkers Acts on Kettle Limited's Bermuda Innovative Agent Licence

Walkers was led by Bermuda partners Peter Dunlop and Natalie Neto, supported by Senior Associate Rachel Nightingale.

AML systems and controls – an ever-increasing area of focus

Mr Steward addressed how seriously the FCA takes this crucial area of regulatory focus and reiterated the requirement for firms to have in place systems and controls that are purposeful and efficient in managing financial crime risk.

ADGM Introduces Regulations Governing SPVS and Foundations

The public consultation commenced against a backdrop of success in, and increasing demand for, incorporating SPVs and foundations in the ADGM.

Ferbrache & Farrell assist on first limited partnership migration out of Guernsey using new legislation

The application involved both Guernsey legal and regulatory aspects, as well as dealing with US Counsel in order to ensure the migration into Delaware.

Eversheds Sutherland advises NBIM on a first investment in renewable energy infrastructure

It manages assets worth more than €1.042 trillion. The fund is invested in international equity and fixed-income markets and in unlisted real estate.

Ridge Barker comments on the SEC's latest guidance on special purpose acquisition companies

Ridge adds that a slowdown in SPAC activity could last two months given the agency’s latest accounting advice.

Lock ‘em up? The Pensions Regulator’s new criminal powers

Anyone prosecuted by TPR for these offences faces up to seven years in prison and a potentially unlimited fine.

Ireland Update – Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021

These obligations are expected to come into further focus as the European Commission designates additional high-risk third countries in response to the FATF expanding its list of monitored jurisdictions.

Latham & Watkins Advises Financial Advisers in Coinbase Direct Listing

Latham represented the financial advisers to Coinbase in its direct listing with a capital markets team led by New York partners Marc Jaffe, Greg Rodgers, and Benjamin Cohen, with New York associates Brittany Ruiz, Jonathan Hernandez, and Darby Dietrich.

Walkers' Guernsey team advises Platinum Compliance on sale to Ocorian

Platinum Compliance's regulatory and compliance services will now be also offered by Ocorian as part of an integrated client service offering.

Government Regulation