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.
Government Regulation
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.
07/25/2023
Distributions, share purchases and redemptions under the BVI Business Companies Act
This guide examines the key aspects of distributions, share purchases and redemptions by a BVI company under the Act.
07/25/2023
No More Class Meetings for Hong Kong Listed PRC Issuers in Repurchasing or Issuing Shares
In response, HKEX maintained that the class distinction between domestic shares and H shares is removed following the repeal of the Special Regulations and the Mandatory Provisions.
07/24/2023
India Youth Mobility Scheme (YMS) Second Ballot – July 2023
Indian citizens between 18 and 30 years of age can enter the ballot, providing they meet the relevant criterion.
07/21/2023
The Rule in Houldsworth: Cayman Court weighs in on century-long debate regarding the admissibility of shareholder misrepresentation claims in a liquidation
In reaching this decision, the Grand Court departed from the decision of the House of Lords in Houldsworth v City of Glasgow Bank.
07/21/2023
SEC Adopts Amendments to Rules Governing Money Market Funds
The SEC’s actions are a response to the outflows experienced by certain types of MMFs in March 2020
07/20/2023
Letter highlights FCA’s concerns over ‘high-risk nature’ of cryptoassets
The FCA said it anticipated this being the method used by most cryptoassets businesses, but reminded cryptoassets firms that it is not its role to work with applicants to prepare their applications for registration.
07/20/2023
Proposed Irish Tax Measures to Apply to Outbound Payments
The proposals have been developed in the context of the OECD BEPS process and the recommendations of the European Commission that EU Member States take actions to reduce aggressive tax planning.
07/20/2023
UK government announces significant immigration fee rises
These fee changes should be taken into consideration by UK employers, who will need to reconsider their budgets for the recruitment of foreign workers.