08/03/2023
Deadline for new UKCA product marking extended ‘indefinitely’
Recognition of the CE marking will now continue indefinitely for many goods on the market in Great Britain
Government Regulation
08/02/2023
Home Office publishes new Statement of Changes to the Immigration Rules, effective from 17 July 2023
Only students on courses at degree level or above will be able to apply before course completion to switch to sponsored work routes, as long as their employment start date is not before their course completion.
08/01/2023
The Wait is Over - Vietnam's New Offshore Loan Regulations Will Take Effect on 15 August 2023
Despite banking community concerns that the revised lending regulations would significantly disrupt offshore lending
08/01/2023
Consumer Duty: ‘most significant change’ to UK financial services regulation in a decade comes into force
The duty requires financial firms to act in good faith, avoid foreseeable harm and enable and support their customers to achieve their financial objectives.
08/01/2023
Quarterly round-up of the recent investment funds updates in Guernsey
The Commission’s latest annual report highlights the increased risks faced by the financial services sector
08/01/2023
Does your college student need estate planning?
Everyone over the age of 18 should have a power of attorney for health care.
07/31/2023
Allen & Overy Warsaw launches new blog on employment law
Our employment law experts have extensive knowledge and expertise in various areas of employment law
07/31/2023
Supreme Court litigation funding ruling poses challenge for mass actions
The CAT ruled that the LFAs entered into by UKTC and RHA were not DBAs
07/31/2023
Businesses must review strike plans after agency worker ruling
The government introduced new regulations last year amid a wave of disputes over pay and conditions.
07/31/2023
The end of the road for retained EU law
The law will nevertheless make significant changes to the relationship between UK law and retained EU law
07/31/2023
Hong Kong cuts IPO settlement time
FINI will go live in October.
07/31/2023
Central Bank discussion paper on a macroprudential policy for investment funds
The purpose of this Paper is to advance the debate on a potential future approach to the development and operationalisation of a macroprudential framework for the investment funds sector.
07/28/2023
Domestic Abuse (Jersey) Law 2022 Comes into Force
The 2022 Law introduces the specific offence of “domestic abuse” to the Jersey statute book
07/28/2023
FCA consults on UK social media financial promotion guidance
The regulator is also consulting on extending its guidance to reflect the current ways social media is being used to advertise financial services and products.
07/27/2023
Amendments to the Disclosure (Bailiwick of Guernsey) Law, 2007
The introduction of GIMLIT could pose some real challenges for Guernsey, where proximity is close and finite resources means that MLRO's can often hold more than one appointment across groups/financial services businesses.
07/27/2023
Bond calls: taking action through emergency arbitrator proceedings
Emergency arbitration allows parties to seek urgent temporary interim and conservatory relief
07/27/2023
Risk retention requirements for securitisations finally there!
The long legislative process has led to some uncertainty in the market
07/26/2023
Systemic risk to drive FCA regulation of ‘critical third parties’
Principally this will be with the outsourcing firm, but we want to mitigate the potential systemic impact that could be triggered by a critical third party.
07/26/2023
HMRC barred from proceedings for failing to meet disclosure obligations
HMRC being barred from proceedings does not mean that these have come to an end: Ebuyer’s appeal against the VAT assessments can go ahead but HMRC is not allowed to participate any further in the proceedings.
07/25/2023
Hong Kong and mainland China sign Greater Bay Area data flow agreement
The Office of Privacy Commissioner for Personal Data visited the Shenzhen Data Exchange to discuss future collaboration.