07/03/2023
FCA review of price and value assessments under the Consumer Duty
Firms relying on this approach would be well advised to ensure they have the data to support the position
Government Regulation
07/03/2023
Has the UK just reintroduced its 1.5% stamp duty charge on share issues?
The UK set up its stamp duty legislation so that when shares in a UK company are traded in CREST 0.5% stamp duty is collected on each trade (pedants look away now, this blog is not going to distinguish between stamp duty and SDRT!).
06/30/2023
Practical Law Finance Global Guide 2023: Cayman Islands
Topics include forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements.
06/30/2023
Proceeds of Crime Law: Jersey's AML / CFT / CPF regime
This article explains what has changed and why, how to determine whether an entity is now within the scope of the regime and what an in-scope entity needs to do to comply with its obligations under the regime.
06/30/2023
Cayman Islands satisfies FATF's action plan
Removal from the so-called "grey" list would be a recognition that the Cayman Islands has a robust and effective AML/CFT regime in place.
06/30/2023
New Financial Services and Markets Act will establish UK’s post-Brexit regulatory framework
The Act enables the move to a so-called ‘comprehensive FSMA model’
06/30/2023
The EU goes for gold with its Green Bond Regulation
The prospectus will need to specifically designate the bonds as European green bonds
06/29/2023
Personal Information Protection Act Set to Come into Full Force in 2025
The significant sections of PIPA relating to obligations on organisations that use personal information, conditions for use, data transfers and rights for individuals, are not yet in force.
06/29/2023
U.S. Supreme Court rejects dangerous attempt to destroy democracy
The ruling in Moore v. Harper is a major victory for voters, given the potential the case had to shatter the checks and balances that serve as underpinnings of American democracy.
06/29/2023
Pensions risk transfer: the endgame strategy
The trustees’ preferred destination may not be the right result for the sponsor and the members may have a different view again.
06/29/2023
Pensions risk transfer: tricky benefits to insure
DC underpins raise matching adjustment issues for insurers.
06/29/2023
Alcohol licence holder duties in Scotland
The applicant must inform the licensing board of the conviction, including the nature of the offence and date of the conviction, within one month of the date of the conviction.
06/28/2023
Proposed legislation signals step change for major infrastructure projects in Wales
The Bill clearly uses the 2008 Planning Act, which already applies to certain projects in Wales, as a starting point for the proposed regime.
06/28/2023
Mayer Brown helps minority women entrepreneurs achieve ESG certification through B Lab partnership
The firm’s lawyers will assist companies with completing relevant portions of the B Impact Assessment
06/28/2023
Retained EU Law Bill set to become law after clearing House of Lords
The House of Lords, which had been scrutinising the Bill, withdrew its objections after the government pledged to carry out consultations before making significant reforms to retained EU law.
06/28/2023
Western Australia land law can benefit renewables and mining companies
As diversification leases are non-exclusive, they will not prevent access by third parties such as mining companies and will not extinguish native title rights or interests.
06/27/2023
Lending by Insurers
The Law is wide ranging and seeks to regulate many financing activities which are commonplace in Guernsey and were previously unregulated.
06/27/2023
Law enforcement agencies cracking down on cyber criminals
LockBit is the name of both a piece of malicious software and a group said to be behind criminal attacks on computer systems around the world.
06/27/2023
Ireland limits public access to register of beneficial owners
Under the directive, the register of beneficial owners must include the names, dates of birth and countries of residence of beneficial owners as well as the size of their interest in the relevant company.
06/26/2023
Important employment law reforms announced
This comes as part of news that the Government is intending to change its approach to retained EU law.