08/02/2022
Disharmony and mistrust top key concerns for Trustees
With Trust Companies often having to manage competing demands and expectations, respondents were asked to identify the primary source of beneficiary disputes.
Government Regulation
08/02/2022
Final EU standards on sustainable finance disclosures published
The RTS supplement the 2019 Sustainable Finance Disclosure Regulation and provide guidance at a time when, in particular, ESG-branded financial products are coming under increased scrutiny.
08/01/2022
Fund managers urged to revisit distribution agreements over marketing
The new guidance provides clarification around where responsibility sits for ensuring that marketing communications comply with the requirements set out in the respective directives in cases where a third-party distributor, and not the fund manager itself
08/01/2022
The Law Commission digital assets consultation – a proposal for property rights reform
The Law Commission considered and dismissed a potential fourth criterion of “divestibility” – being capable of being transferred or disposed of – which characteristic they determined to be common but not critical among data objects
08/01/2022
The well-mannered whistleblower: what if blowing the whistle is part of your role?
A whistleblower who hacks their employer’s computer systems to demonstrate their vulnerability to attack, for example, will not have statutory protection.
08/01/2022
Ruling highlights evidence disclosure duties in South Africa
EY was willing to withdraw from the project to allow Transnet to re-tender, but Transnet rejected this option and asked EY to prepare a revised work plan.
08/01/2022
Resumption toolkit for suspended issuers in Hong Kong
In the past several years, a number of suspended issuers were delisted by the Stock Exchange of Hong Kong (the “ Exchange “) as a result of their failure to secure a resumption before the expiry of the 18 months remedial period.
07/29/2022
Global Registration Services Market Update Q2 2022
Italy introduces a new Category of Non-Professional Investors for AIFs
07/29/2022
Fund managers urged to revisit distribution agreements over marketing
The guidance was provided by the European Commission in updated ‘Q&A’ documents published by the European Securities and Markets Authority
07/29/2022
Ruling offers lessons on drafting and managing collaborative agreements
Long-term contracts may start out collaboratively.
07/28/2022
New eligibility guidance released for the charity sector and overseas aid organisations
Note that charities have a duty to make a referral to the DBS when it believes a person has caused harm or poses a future risk of harm to vulnerable groups, including children.
07/28/2022
Charity Commission publishes "Public Trust in Charities 2022" report
In less welcome reading, the report refers to “a stubbornly persistent scepticism regarding how charities use their money and how they behave”.
07/28/2022
UK secondary fundraising rules to be relaxed
Other conditions on such secondary fundraising include consultation with major shareholders
07/27/2022
Mutual funds in the Cayman Islands
As at June 2022, there were 12,935 investment funds (predominantly hedge funds) registered with the Cayman Islands Monetary Authority under the Mutual Funds Act (as amended).
07/27/2022
South African ruling shows how oral agreements can be binding
The issue reached the South African courts for a ruling after the ANC failed to pay invoices it had been sent by Ezulweni in relation to the banners supplied.
07/27/2022
Singapore to end employer salary cut notification requirement
MOM first introduced a rule requiring employers with over 10 workers to notify the ministry if they take any cost-saving measures that affect their employees’ salaries in March 2020.
07/27/2022
Dentons launches platform to help Ukrainian refugees and employers
For employers, the platform outlines key information on the employment of Ukrainian refugees.
07/27/2022
‘No fault’ evictions ban to boost supported living tenant protections
Most private tenants in England have an AST, and these are also commonly used in supported living arrangements where adults with learning difficulties share a house.
07/27/2022
Trust Essentials: July 2022
The scope and application of established principles and approaches are also being put to the test
07/27/2022
Cayman Islands Funds and Regulatory Update: Q2 2022
Once the FATF removes the Cayman Islands from its list of jurisdictions under increased monitoring, the EU will initiate its steps to delist the Cayman Islands from its AML/CFT list.