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

UK employers face complexities due to immigration sponsorship changes

The Home Office has also introduced changes to the job codes under which workers may be sponsored.

Working for Workers Act adds transparency to the hiring process

The legislation contains new requirements, including pay transparency, Canadian work experience, and disclosing the use of AI in the hiring process.

Not Quite QPAMDEMONIUM: DOL Issues Final Changes to the QPAM Exemption

Given its breadth and relative regulatory certainty, the QPAM Exemption is considered the “industry standard” prohibited transaction exemption and, thus, widely utilized by discretionary investment managers

The increasing costs under the Fees For Intervention regime

The HSE introduced the FFI scheme in October 2012.

CIMA's Rule and Statement of Guidance on Records for Company Management licensees

The Rule and SOG does not extend to regulated mutual funds and private funds.

Stricter payment rules for public contractors come into force

The prompt payment policy was first introduced in 2015 by the government to tackle late and unfair payment practices in both public and private sectors

‘Second staircases’ to be mandatory for new buildings above 18m in England

The guidance, setting out changes to Approved Document B, makes second staircases mandatory in all new residential buildings over 18m in England from 30 September 2026.

German Arbitration Institute issues new supplementary rules for third-party notices

This applied equally to arbitration proceedings conducted by the DIS and to proceedings conducted by other leading arbitral institutions.

Jersey Court creates a new exception to the revenue rule

The revenue rule still stands in Jersey

Demystifying Venture Capital investment: The HSBC Venture Capital Term Sheet Guide 2024

Understanding industry standards and being able to benchmark terms when negotiating your investment is paramount.

UK and US form new partnership on AI safety

The memorandum of understanding (MoU) agreed by the UK and US governments provides for closer ties between the UK AI Safety Institute and its namesake in the US.

BVI VASP approved!

These existing BVI VASPs were grandfathered in under the VASPA and were granted a six-month transition period, which ended on 31 July 2023.

Ruling sheds light on energy supplier and broker liability for ‘secret’ commissions

In this case, Utilitywise earned commission based on the unit price charged by Engie to Expert Tooling under five energy contracts between the companies.

UK consults on proposed carbon border adjustment mechanism

In this regard, businesses would have the option of providing information about the emissions associated with their CBAM goods

New supplemental guidance will help universities manage complex misconduct cases

It is important to remember that the guidance does not constitute legal advice and it remains crucial for each matter to be assessed

Promotion of foreign funds to UAE retail investors

Summary of the options for foreign funds to continue to access the UAE retail market and latest developments.

The third phase of UK Charities Act 2022 reforms

Trusts and unincorporated associations can now amend their governing documents using a new statutory power.

Central Bank's Regulatory and Supervisory Outlook Report 2004

The report was accompanied by a letter to the Minister for Finance

AIFMD II: Unveiling the timeline for the new loan origination regime

The implementation date for the AIFMD II rules will be the date of implementation in the Member State of the relevant AIFM.

Short term holiday lets in Jersey

The 2024 Order amends the General Development Order so that a dwelling (or part of it) can be used as accommodation for visitors without the need for planning permission

Government Regulation