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Guidance on UK charity banking

Charities should also remember to keep their details up to date, including changes to trustees, and to inform banks of any large or unusual transactions.

The Charity Commission for England and Wales sets out its 2024-25 business plan

The Commission's first priority will involve the regulator focusing on issues that present a risk to the sector

The 150 Year Rule Falls - Cayman Perpetuities Act Changes

One of the most notable points involved in the disapplication of the Rule is that a settlor now has the option to choose whether to disapply the Rule against perpetuities for a newly settled trust or not.

Upcoming changes to Australia’s anti-money laundering and counter-terrorism financing laws

The proposed reforms intend to extend the application of the travel rule beyond financial institutions, to remittance providers and digital asset service providers.

NSW ruling underscores strict requirements for interstate service of applications to set aside statutory demands

The question mainly turned on the statutory interpretation of the now repealed section 600G of the Corporations Act and its interaction with the interstate service requirements of SEPA.

ELTIF 2.0 - European Commission Adopts RTS Delegated Regulation

ELTIFs can be marketed to retail or institutional investors across the European Union.

UK Supreme Court rewrites the rules on retained EU case law

The ruling may prompt the EU to raise concerns with the UK government

South African Public Procurement Bill becomes law

The Act also imposes a requirement that officers take necessary steps to prevent non-compliance with the Act.

Recognition and Enforcement of Foreign Judgments in Guernsey

In Guernsey a foreign judgment may be enforced by one of two methods

Qatar's Social Insurance Law: recent decisions and its impact

These decisions, issued by the Council of Ministers and aligned with Qatar Law No. 1/2022

UK Consumer Protection: Compliance guidance on pricing, urgency and green claims

Businesses should keep an eye on these developments as they provide a helpful steer on what the CMA will consider compliant under the new consumer regime.

New UAE telemarketing rules to ensure businesses operate with transparency and integrity

New UAE Cabinet Resolution No. (56) of 2024 Concerning the Telemarketing Regulations will come into effect on 27 August.

A tale of two investment strategies: comparing the US and the UK VC environments

US investors also appear more aggressive in their negotiations

Security code requires supplier contract updates by UK mobile network operators

Providers face a raft of security obligations under this legal framework

Guernsey corporate and finance update Q2 2024

The investment fund world has been and continues to navigate considerable headwinds, the causes of which are wide ranging and much discussed.

Pensions disputes: Ombudsman will not interfere with reasonable business policies

The individual also complained to the trustee that communication from the scheme’s administrator had been poor.

French law mandating parent controls on device apps takes effect

Paris-based technology law expert Annabelle Richard of Pinsent Masons said the initiative is part of a wider drive by policymakers across Europe to enhance protections for children online.

Hong Kong audit regulator says it expects full compliance with laws and regulations

The interim provisions, which came into force on 1 July 2015, prevent foreign auditors from auditing mainland Chinese companies

Basel Committee on Banking Supervision consultation on principles for sound management of third-party risk

They address the increasing digitisation and rapid growth of financial technology, which has increased banks' reliance on third-party service providers.

Essential guide to the EU Artificial Intelligence Act and what it means for Guernsey

The regulation of high risk / unacceptable risk AI systems is to be welcomed to the extent that it safeguards the consumer and leads to greater transparency concerning its use.

Government Regulation