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Luxembourg - A European hub for Islamic finance

The project required expertise from multiple legal practices and jurisdictions to be successfully executed.

Offshore electricity workplace safety duties harsher after rule changes

The rules also resolve uncertainty by clarifying that licence holders have a duty to consult their workers on work health

EDPB opinion spurs need for GDPR AI adaptability, say experts

The mere fact that an AI system is involved in processing personal data does not change the overall principles of data privacy.

Wrap up of key legal insights within the Real Estate sector in Belgium

Review the summaries of last year’s publications below, and be prepared to stay informed and to navigate a promising new year in real estate with us.

ESMA Publishes Consultation Paper on Regulatory Technical Standards (RTS) for Open-ended Loan-originating Funds

The RTS set out the requirements with which Loan-Originating AIFs are to comply in order to maintain an open-ended structure.

UK environmental watchdog calls for tougher regulatory action over sewage spills

The OEP was set up under the 2021 Environment Act to hold the government and other public bodies to account in England and Northern Ireland.

PRA finalises policy on solvent exit planning for insurers

The PRA’s new rules will come into force on 30 June 2026.

FCA consults on proposed PISCES rules

This briefing provides a summary of the key points from the FCA’s consultation.

Energy performance certificates reform must drive emissions reduction

Years of inertia by policymakers have slowed the UK real estate net zero journey and left property owners and occupiers operating in an uncertain environment.

Rights to inspect: The 'Proper Purpose' Test

There is no dispute as to how the provisions of section 127 CGL 2008 are to be applied, rather the question is 'what constitutes a 'proper purpose'?'.

The Evolving Role of the Third-Party Fund Administrator in European Asset Management

How the changing investment fund regulatory environment and the related operational complexity have elevated the role of the third-party administrator.

Fifth Circuit Vacates Nasdaq’s Board Diversity Requirements

Split panel’s ruling means Nasdaq-listed issuers do not need to make board diversity disclosures at year end

Rule-breaking employers to be banned from hiring overseas workers for at least two years

The Government has also said it will not wait until employers have committed serious breaches before taking action

Segregated Portfolio Companies: Cayman Courts Upholding the Segregated Principle

SPCs were introduced in the Cayman Islands in 1998 for certain insurance businesses and, from 2003, have been capable of being registered without restriction on the business undertaken.

Bill proposed to strengthen critical infrastructure cyber security in Hong Kong SAR

The Bill expands CIO designation criteria to include the “sensitivity of digital data controlled by the organization in respect of the infrastructure”.

Significant updates in Treasury's final energy credit regulations

The new ITC regulations do not apply to existing projects (unless a taxpayer elects to apply them).

Changes to Bermuda’s group supervision regime

There are seven separate proposals put forward by the BMA for consultation, although they follow the same key theme; the enhancement of the ability of the BMA to have control over the parent of the insurance group.

Ireland to prepare new AML legislation on crypto assets ahead of December EU deadline

Ireland has emerged as an attractive destination for crypto firms setting up their European operations.

UK’s DMCC Act imposes broader duty for protecting ‘vulnerable consumers’

The DMCC Act, which became law on 24 May 2024, will bring significant changes to the consumer law

Outsourcing in the BVI - when can a licensee outsource and what limits apply?

The guidance notes to the Regulatory Code stipulate that the service provider should normally be required to seek the consent of the licensee before entering into a sub-contract arrangement with respect to any outsourced activity.

Government Regulation