08/16/2023
Key takeaways from draft data regulation issued by China’s CB
PBOC issues the draft Regulation on Data Security Management for PBOC Business Areas for public consultation until 24 August 2023.
Government Regulation
08/16/2023
New UK securitisation framework demonstrates new approach to rulemaking
The creation of a new UK securitisation regulatory regime under the FSMA model means that the bulk of the firm-facing provisions will sit within PRA and FCA rules, alongside the new UK Securitisation Regulation.
08/16/2023
Procurement standstill letter feedback set to increase under new draft regulations
The draft regulations propose that contracting authorities should be required to provide each bidder who has submitted a tender with an assessment summary that contains “detailed reasons”
08/16/2023
UK product safety review likely to precede reform
Both consultations are open to feedback until 24 October 2023.
08/15/2023
Overview of the New Cayman Islands Restructuring Officer Regime
With the benefit of the breathing space under the new regime, it allows corporate entities to promote and implement a restructuring
08/15/2023
Migration of foreign limited partnerships into Jersey
The Regulations permit a foreign limited partnership to continue in Jersey as a limited partnership under the Limited Partnerships (Jersey) Law 1994, provided certain conditions are met.
08/15/2023
Trustees and other fiduciaries – consideration of Guernsey's lending, credit and finance law
As a reminder, the purpose of the LCF Law is to regulate consumer credit and finance business
08/15/2023
South Africa’s energy ‘one-stop shop’ to tackle its energy crisis
These plans include speeding up the release of regulatory approvals and permits that energy developers are required to obtain prior to commencing with the development of an energy project.
08/14/2023
Tribunal finds unallowable purpose rule is expansive in its prevention of tax avoidance
The structure adopted by JGI involved substantial debt interest arising in JTI UK.
08/14/2023
India Airport INFRA (formerly Cliffton Limited) Offers To Purchase Its Outstanding 6.25% Senior Secured Notes Due 2025
DIAL holds a solid market position as the developer and operator of India’s largest and busiest airport which is Indira Gandhi International Airport (Airport) in New Delhi, India, according to the Airports Authority of India.
08/14/2023
Athletics Integrity Unit’s work vital as World Championships loom
Its work, together with the work of national anti-doping agencies, helps to ensure that athletes who seek to gain an advantage through doping are detected.
08/14/2023
Project Financing a Power Project in Tanzania
Power projects in Tanzania typically secure funding through a combination of debt and equity,
08/14/2023
Bermuda launches consultation to consider introduction of OECD's Pillar Two Framework
As part of an initial public consultation period, the Government has issued a public consultation paper to get public feedback on its current considerations in response to the OECD Pillar Two initiative, based on all of the advice received to date.
08/14/2023
Japan and Middle East sign hydrogen cooperation agreements
The two countries intend to work together on mineral resources supply chains and attracting more participants on the plan.
08/14/2023
Compliance Dates for SEC’s New Cyber Disclosure Rules Confirmed
As discussed in greater detail in that alert, the new rule requires U.S. public companies to report material cybersecurity incidents on Form 8-K within four business days of their determination that a material cybersecurity incident has occurred.
08/14/2023
DIFC issues further data protection guidance for DIFC businesses
The DIFC Data Protection Law allows for the transfer of personal data outside the DIFC in certain circumstances.
08/11/2023
Cayman Court reaffirms requirements for sanctioning a scheme of arrangement
The purpose of the scheme was to privatise and de-list the Company from the Hong Kong Stock Exchange.
08/11/2023
Fire safety deadline looms for premises in England
Under the new rules, all fire risk assessments will need to be recorded in full – the obligation will no longer be limited to disclosure of significant findings and to premises where five or more employees work, for example.
08/11/2023
Regulatory & Risk Advisory Review: Cayman Islands – May to July 2023
We have also included some recent articles from the wider Conyers team which provide further insight into industry trends and market news.
08/11/2023
Hong Kong SFC Concludes Consultations on Proposed Amendments to Enforcement-related Provisions of the Securities and Futures Ordinance
Suspension of the two proposed amendments has been well received by the industry.