09/05/2021
IBOR Transition
The purpose of the synthetic rates would be to support an orderly runoff of difficult-to-amend legacy contracts.
Government Regulation
09/05/2021
UK/EU: Looking beyond the Lugano Convention?
Having informed those institutions of that assessment, the communication then stated that the European Parliament and the Council of the EU would be given an opportunity to express their views before the Commission would inform the depositary accordingly.
09/03/2021
The Singapore Court of Appeal considers the UNCITRAL Model Law
A case involving the Singapore Model Law is ancillary to a primary restructuring proceeding brought outside Singapore.
09/03/2021
New Roadmap for Re-Opening Published - What Does it Mean for Employers?
The Irish Government has noted that during the interim period of 1 September to 22 October 2021, a careful and gradual approach should be taken to re-opening.
09/03/2021
UK data protection reform planned
The previous UK Data Protection Act implemented the 1995 EU directive and had been in force since 1998.
09/02/2021
SEC Committee Supports Chairman's Call to Reform Rule 10b5-1 Trading Plans
The IAC’s actions are expected to add momentum to SEC Chairman Gary Gensler’s recent direction to SEC staff to present recommendations to “freshen up” Exchange Act Rule 10b5-1 by tightening its restrictions.
09/02/2021
FCA ban on adviser convicted of child grooming upheld by tribunal
The FCA banned Jon Frensham from operating as an adviser in October 2020, more than three years after he was convicted for attempting to meet a child.
09/02/2021
Introducing IFD / IFR: A New Prudential Regime for Investment Firms
IFR and IFD entered into force on 25 December 2019.
09/01/2021
Mauritius: Amendments to Immigration Laws to Promote Investment and Increase Access to Non-Citizens
A non-citizen may, through the Economic Development Board, now apply for a family occupation permit
09/01/2021
The new PRC Personal Information Protection Law
The PIPL has a territorial reach that is similar to the EU’s General Data Protection Regulation (GDPR) in that it applies to both operations in China
09/01/2021
UK employers can expect wave of new data and AI guidance
The ICO is seeking views on the precise topics that employers want to see addressed in its new guidance but has said it intends to address the processing of personal data in the context of recruitment, selection and verification, employment records, monit
09/01/2021
National Treasury set to limit assessed tax losses: agricultural and mining sectors among those industries to bear the brunt
The current proposal is to limit the assessed loss to 80% of the “taxable income” derived in any one year of assessment.
08/31/2021
Swiss court finds German trader guilty in fraud case
The woman, whose lawyer has already announced the intent to appeal, was found guilty of several offences: multiple document forgery, fraud by trade and mismanagement.
08/31/2021
Property developers & banks face legal action
Although the property developers and banks have not been named, an English translation of the list of decisions taken by the CCPS can be found by clicking here.
08/31/2021
SEC Charges Eight Firms for Cybersecurity Shortfalls
According to the commission, the firms' faulty cyber policies and procedures didn't protect private client information after third parties fraudulently took over company email accounts.
08/31/2021
Cayman Islands Liquidation Proceedings - Officeholder Independence
The Court will take into account the subjective views of all stakeholders.
08/31/2021
Compliance and fund administration driving financial services pay growth in Jersey
Organisations that have struggled to source talent in the Island, despite offering more attractive packages, are now starting to look elsewhere or bring in off-Island talent to fill these roles.
08/29/2021
Financial Regulation Daily Update
A lack of adequate data and common standards remain key challenges to be overcome to drive ESG integration.
08/27/2021
New draft guideline in Germany to prevent greenwashing
If the investment terms of a fund were approved before 2 August, the fund will be exempt from the new rules.
08/27/2021
Banks and insurers licensed to exchange fraud data in the Netherlands
The licences granted by the AP only applies to processing activities taking place in the Netherlands.