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

A key US watchdog wants officials to set up a ‘regulatory perimeter’ for cryptocurrencies

Officials around the world worry that the crypto boom is sucking in amateur traders who could get badly burned.

FCA publishes speech on the rise in scams and the threat to a legitimate financial services industry

Mr. Steward noted that there has been an increase in the number of investment scams over the past year, which is expected to continue rising.

Proposed New Framework for Business Taxation in the European Union

BEFIT will replace the long pending but never agreed EU proposal for a Common Consolidated Corporate Tax Base across the EU.

Reduction in rent could help to revive UK cities

There may be a tsunami of legal cases as landlords seek to recover rent owed from the pandemic, analysts have warned.

The MDR is here - Regulatory changes and their impact on liability

To name but a few, the MDR inter alia introduces stricter requirements for product safety and documentation, provides for new mandatory, patient-facing information mechanisms and adds more stringent rules for the designation of Notified Bodies.

'Your Future, Your Super' exposure draft regulations – what they mean for the super industry

Much anticipated draft regulations for the 'Your Future, Your Super' Bill contain some surprises

CySEC extends deadline for 2020 annual fees due to Covid

The extract from the CIFs audited financial statement with the total turnover of the corresponding year.

A welcome change to the Special Purpose Fund in Mauritius

In the last years, Mauritius has emerged and positioned itself as being an international financial centre of excellence, choice and repute.

Green still the colour of money

The emissions revolution that rocked Exxon Mobil is also stirring up California

Timely new rescue process announced for small and micro businesses in Ireland

SCARP is designed to supplement the pre-existing examinership process in Ireland which is typically availed of by larger companies.

Ireland Update: Funds Costs & Fees – Regulatory Spotlight

With this increased focus on costs and fees at both a European and national level, it is useful to consider the existing requirements, regulatory expectations and next steps for fund management companies.

EU court asked to rule on right to online anonymity

The right to online anonymity is to be tested in a case to be referred to the EU’s highest court.

Funds Costs & Fees - Regulatory Spotlight

Ireland Exercises National Discretions Under IFD/IFR

The Irish Department of Finance, as the department responsible for drafting the domestic legislation which will transpose IFD into Irish law, issued a public consultation on the national discretions under IFD in May 2020.

Malta: improvement in fighting money laundering and terrorist financing

As a result of assessment in 2019, Malta was requested to report to MONEYVAL under the enhanced follow-up procedure.

European Parliament expresses doubts about UK adequacy

The proposals are for MSPs to be required to meet the current Cyber Assessment Framework, 14 cybersecurity principles which currently apply to operators of essential services under the NIS Regulations.

404 Beneficial Owner Not Found: Are EU Public Registers in Place & Really Public?

Delays in establishing public registers & accessibility barriers undermine EU’s progress in ending kleptocratic abuse of anonymous companies

Moving to the Cayman Islands

The first two categories, which require an investment in real estate, are the most common and straightforward routes to residency.

Digital dispute resolution rules to facilitate rapid and cost-effective resolution of disputes involving novel digital technologies

The Rules acknowledge that “automatic dispute resolution processes” are relied upon in digital transactions from time to time, with disputes being resolved by peer-to-peer or community voting systems. However, where a dispute is not resolved i

Greenwashing - Product Development Considerations for Financial Services Firms

These trends are a continuation of risks that are driven by new products and opportunities.

Government Regulation