07/26/2022
The new failure to prevent money laundering offence: what are Jersey businesses required to do?
It is therefore important that businesses consider the adequacy of their AML systems and controls now and on an ongoing basis.
Government Regulation
07/26/2022
Snapshot: how does the JFSC gather information - and is it protected?
This briefing summarises various ways in which the JFSC gathers the information it needs, and outlines the extent of the protections afforded to that information.
07/26/2022
Snapshot: being open and cooperative with the JFSC - what does it involve and why does it matter?
The significance that the JFSC places on compliance with the duty of candour is clear from various disciplinary outcomes over time, and it is therefore important that firms have a good understanding of what this duty requires of them.
07/25/2022
Financial Services and Markets Bill introduced to Parliament
The UK Government sets out its stall for a significant revamp of the regulation of financial services in the UK following Brexit.
07/25/2022
The UK’s register of overseas entities
The overseas entity cannot transact with their UK property on or after 1 February 2023 until they are registered in the ROE.
07/25/2022
Frenkel Topping forms Joint Venture with CFG Law
The joint venture sees CFG Law, part of the Client First Group, provide services jointly with Frenkel Topping’s independent financial advice division, under the trading name CFG Financial Services Limited (“CFGFS”).
07/25/2022
FCA moves to boost US-UK crypto asset regulation
Rathi said the FCA would maintain a “laser focus” on the quality of the data it collected, adding that the regulator’s decision to move some of its core systems to the cloud
07/25/2022
Effective Date for Amendments to Investment Business Act 2003
The Bermuda Monetary Authority has now confirmed the effective date for such amendments will be 27 July, 2022.
07/22/2022
Slaughter and May Advised Standard Chartered on the Update of its U.S.$77.5 Billion Debt Issuance Programme
Standard Chartered PLC and Standard Chartered Bank have the ability to issue notes to be listed and traded on the London Stock Exchange.
07/22/2022
Bill to reshape UK financial services regulation published
“The Bill includes provisions that would amend the UK Securitisation Regulation to introduce a new equivalence regime for non-UK ‘Simple, Transparent and Standardised’ (STS) securitisations,” McCaw said.
07/22/2022
Legal professional privilege tensions require caution in UK audit market
The UK government recently confirmed that it will not press ahead with plans to give the new Audit, Reporting and Governance Authority (ARGA) statutory powers to override audit clients’ LPP, for now at least.
07/22/2022
ESMA updates its Q&As on the AIFMD and UCITS Directive
ESMA updates its AIFMD and UCITS Q&As in respect of depositories and delegation.
07/22/2022
Cross-border data transfers between Hong Kong and mainland China - what do we need to know?
The law surrounding data protection has continued to evolve globally and cross-border data transfer could happen in any context.
07/21/2022
UK Data Protection and Digital Information Bill: in detail
The Data Protection and Digital Information Bill, introduced into parliament on Monday, is the product of a major consultation the government held last year on reforming the UK GDPR and other privacy legislation that has its origins in EU law.
07/21/2022
UK designs framework: Government paves way for future consultation
The Government has now released its response to the feedback received in respect of both the Survey and the Call for Views, summarising the views of respondents and setting out areas to be considered for future consultation.
07/21/2022
Patent description amendments at the EPO (2)
The requirement to amend the description of European patent applications before grant is continuing to cause challenges for applicants.
07/21/2022
Ireland's New Corporate Enforcement Authority
The powers and functions of the CEA, which include the investigation of suspected breaches of company law by companies and their officers and enforcement, including by the prosecution of offences, are materially the same as those of the ODCE.
07/21/2022
MOrsel: Draft Prevention of Discrimination (Guernsey) Ordinance, 2022 submitted to the Legislation Review Panel
A few important amendments have been made to this latest draft
07/21/2022
Judicial Review in the Cayman Islands
This guide examines the framework for judicial review proceedings in the Cayman Islands.
07/20/2022
The World’s Most Powerful Passports have the Least Travel Freedom
This figure is far behind the global trend where markets in Europe and North America have recovered to around 60% of pre-crisis travel mobility levels.