02/24/2023
EBA publishes final draft RTS on homogeneity of underlying exposures in on-balance-sheet STS securitisations
The Final RTS will be sent to the European Commission.
Government Regulation
02/24/2023
Dutch DPA threatens passenger data processing ban over ‘unlawful’ implementation
The court clarified that the system introduced by the PNR Directive can only cover clearly identifiable and circumscribed information listed in its Annex I
02/23/2023
Stats suggest value of HMRC penalties for export breaches is increasing
HMRC has indicated that the enforcement of export controls is a high priority, and the rise in value of recent compound penalties evidences that priority.
02/23/2023
Investment Business Amendment Act 2022 – Application Deadline
Existing entities brought into scope by the Amendment Act of the requirement to be registered or licensed under the IBA will need to apply to the Bermuda Monetary Authority
02/23/2023
Licensing under the new lending, credit and finance law
Any business activity that is within scope of the LCF Law is not permitted without a licence
02/23/2023
GDPR guidance for automated driving systems provided in Germany
The Baden Württemberg data protection authority said it had visited Mercedes-Benz and inspected an automated driving system it has developed that uses a range of technologies
02/23/2023
English football awaits detail on new regulator
It is a delicate balancing act that the government will have to strike, but implemented successfully
02/22/2023
FCA publishes new Discussion Paper on updating and improving the UK regulatory regime for asset management
The DP does not provide any detailed recommendations for discussion, but flags at a high level possible directions of travel across a broad range of areas.
02/22/2023
Experts warn UK businesses of imminent changes to anti-money laundering regulations
For dealings with trust entities, businesses subject to the MLRs will have to comply with checks of the trust registration service (TRS) that is maintained by HM Revenue and Customs (HMRC).
02/21/2023
Singapore to launch new tax incentive scheme for donors with family offices
The MAS will provide more details by the end of June.
02/21/2023
Disputes arising from the energy transition will be many and varied
As requirements are updated and new standards set, and as environmental, social and corporate governance (ESG) issues become more important factors in investor decision-making
02/21/2023
Germany ratifies UPC Agreement ahead of 1 June 2023 court start date
The project has been the subject of significant delays, not least due to legal challenges brought against German ratification previously and, more recently, IT issues posed by the court’s electronic Case Management System.
02/21/2023
Player contracts: antitrust regulators sharpen tools against no-poach and wage-fixing agreements
National competition authorities in the EU have also launched investigations into no-poach cases and issued fines.
02/21/2023
‘Digital pound’ proposals imagine new wave of disruption in UK payments
Based on the proposals on which they are consulting, the UK payments market could be set for a significant shake-up.
02/20/2023
Trade Union Act Amendment Bill
If the Amendment Bill is passed during the National Assembly plenary session in June of this year, it is expected to introduce significant modifications to labor relations.
02/20/2023
Bill to amend the Danish Aliens Act to strengthen international recruitment now proposed
The bill also proposes to expand the positive list for higher education graduates to include more job titles and make it more predictable.
02/20/2023
Updated consumer law guidance for higher education providers welcomed
It said revisions would update the guidance’s references to consumer law and to stakeholders but added that much of the original advice will remain unchanged.
02/17/2023
UK government outlines reforms to thirty-year-old cybercrime law
Cyber risk expert Stuart Davey of Pinsent Masons raised questions over the enforcement of the proposed changes, given the international nature of CMA offences.
02/17/2023
The United States and United Kingdom Issue Historic Joint Cyber Sanctions
This action is the latest effort by Western nations to crack down on Russian hacking operations, which have surged in the past year as a result of the Russian-Ukraine conflict and heightened tensions with the West.
02/17/2023
Doing business in the UAE: corporate migration and redomicilation
Redomiciliation, or corporate migration, is a legal process which allows a company to transfer its seat of incorporation from one jurisdiction to another whilst continuing the same legal entity.