05/03/2023
NYC Proposes Biometric and Facial Recognition Prohibitions
New York City is the highest-profile city to consider a ban so far, though.
Government Regulation
05/03/2023
New EU proposals on FRAND patent licensing aim to resolve disputes out of court
SEPs are patents that protect technology believed to be essential to implementing a technical standard.
05/03/2023
Irish employers should prepare for new remote working laws
When the Act comes into force, employers will be obliged to consider remote working requests made by employees in accordance with it.
05/03/2023
Jersey LLCs – key points for US managers and investors
Jersey LLCs operate under similar rules and have similar advantages to the Cayman and Delaware models
05/02/2023
PRA sounds first significant note of caution over corporate pension deals
Data published by the Pensions Regulator (TPR) earlier this week suggests that 25% of UK corporate pension plans can now afford such ‘buyouts’.
05/02/2023
Meta anticipates EU-US data transfers suspension order
The company made the disclosure in reporting its first quarter 2023 financial results on Wednesday.
05/02/2023
Key regulatory considerations in wealth management M&A
In this series of articles, we look at a variety of aspects in M&A transactions which can affect value, for buyer or seller, and propose ways of addressing these in the commercial terms to enhance value.
05/02/2023
What is the revised scope of Jersey’s AML/CFT/CPF Regime and what are the options for those now in scope?
Exemptions from compliance with the AML/CFT/CPF Regime have previously been linked to exemptions available from conduct of business and prudential regulation (JFSC Regulation) by the Jersey Financial Services Commission (JFSC).
04/28/2023
Cayman Inspectorship – an exceptional remedy?
ADF’s central concern is the governance of the Company and the constitutional arrangements within the Company which have allowed the IM to have effective control and tenure.
04/28/2023
Global Registration Services Market Update Q1 2023
Whilst the FSMA will continue approving marketing communications towards retail investors in advance, the FAQ provides details of certain exceptions which may apply in case of very short marketing communications whereby prior approval may not be required.
04/28/2023
Forward-thinking jurisdictions welcoming VASPs
Once considered too risky to be adopted by larger financial services providers we see that new regulatory requirements relating to virtual assets are rigorous, but do not stifle innovation.
04/28/2023
FSOC Sets the Stage for New Designations by Issuing Two Proposals
The FSOC’s issuance of these two proposals signals a renewed effort by Treasury Secretary Janet Yellen, who chairs the FSOC, to reinvigorate the FSOC’s designation process for nonbank financial companies.
04/28/2023
Proposed changes in EU securitisation guidelines pose challenges to cross-border deals
The EBA’s existing guidelines on the STS criteria only concern ‘traditional’ securitisations: asset-backed commercial paper (ABCP) and non-ABCP transactions.
04/28/2023
Pensions disputes: cases highlight clear customer communication importance
Mr N complained to the provider that the discount should be applied to the income drawdown account.
04/27/2023
Public Consultation on Proposed Enhancements to Supervisory Powers within the Bermuda Investment Funds Act
These proposals include requiring Professional Class A, Class B and Closed Funds to prepare financial reports that contain audited financial statements.
04/27/2023
Key points to consider when handling personal data
A data controller is a person/entity who makes decisions about why and how personal data is handled.
04/27/2023
Dutch consumer regulator publishes P2B Regulation guidance
The 2020 P2B Regulation contains European rules for a fair and transparent online market where platforms behave responsibly.
04/27/2023
Hong Kong Monetary Authority Issued Two Circulars to Authorized Institutions Regarding Payment Cards
HKMA requires AIs to immediately step up their effort to bring customer awareness to card frauds and scams
04/27/2023
NLRB Requires Changes to Employee Severance and Other Agreements
The NLRB determined that such provisions have a reasonable tendency to interfere with, restrain, or coerce the exercise of employee rights under Section 7 of the NLRA.
04/27/2023
Japan to increase hydrogen supply sixfold by 2040
Japan has developed an action plan to increase cooperation between the relevant ministries and agencies responsible for renewable energy.