05/31/2022
A "UK Listing": the FCA unveils proposals for a new-look UK listing regime to boost growth and competitiveness
As well as making these specific changes, the FCA initiated, as part of its July 2021 Primary Markets Effectiveness Review
Government Regulation
05/31/2022
The importance of carrying out regular independent AML audits
The importance and the benefits of carrying out regular independent AML Audits.
05/31/2022
Nigel Green fined and banned for five years in South Africa
The investigation revealed that Brite which was formerly known as deVere Investments South Africa (Pty) Limited, and deVere SA Acuma (Pty) Ltd, during the period 22 February 2010 to 1 August 2015 contravened various financial sector laws.
05/31/2022
Kuwait Insurance Executive Regulations to come into force June 2022
The Executive Regulations provide a transition period of 15 months until 30 June 2022
05/31/2022
FCA Review of AML failings at challenger banks
The use of innovative technology and non-traditional methods of identity verification (such as passport photo images and video selfies) have enabled customers to be onboarded quickly.
05/30/2022
DWF strikes Hong Kong affiliation agreement
Hauzen has five partners and one of-counsel, specialising in financial services regulation, contentious insurance and complex commercial matters, and arbitration.
05/30/2022
Addleshaw Goddard: Financial Services & Banking News
The FCA is continuing its discussion on how it can make the listing regime, the rules companies must follow to be allowed to list their shares in the UK, more effective, easier to understand and more competitive.
05/30/2022
US SEC Proposes Rules Regarding ESG for Certain Funds and Advisers
The amendment also seeks to clarify the rule’s application to derivatives investments by stating that, in applying the 80 percent requirement, a fund should use a derivative investment’s notional amount and not its market value.
05/30/2022
EU data protection guidance brings welcome news for UK suppliers
Businesses will no longer be able to rely on the 2004 or 2010 SCCs to transfer data to third countries from 27 December this year.
05/27/2022
Financial Services & Banking News
The FCA has also published the Grid in the form of an interactive dashboard and an Excel spreadsheet to help users interact with the underlying data.
05/27/2022
Ireland confirms ‘side pockets’ will be permitted for Russian-impacted funds
The UCITS must obtain investor approval before initiating the transfer, and must provide them with a clear description of the costs and fees associated with setting up the side pocket and any ongoing costs and fees.
05/26/2022
EU Commission proposes rules on freezing and confiscating assets of oligarchs violating restrictive measures and of criminals
They are helped by the existing legal loopholes, as the rules on breaches of EU restrictive measures vary across Member States.
05/26/2022
New disclosure rules for non-UK owners of UK land
The UK Government has stated that Companies House will work to implement the Register as quickly as possible.
05/26/2022
Addleshaw Goddard: Financial Services & Banking News
The BoE will engage with firms individually and collectively to help target efforts, and also share best practice.
05/26/2022
Ireland Update: GDPR Fourth Anniversary
This update looks at those common themes in Ireland and across Europe.
05/26/2022
The evolution of banks in Singapore: Things you need to know about the regulation of digital banks
The MAS hopes that competition and innovation from digital banks may be able to better serve the needs of society and the economy
05/26/2022
Central Bank Updates Fund Authorisation and Fund Service Provider Information
These updates to the Central Bank’s website are being made as part of a wider review of the Central Bank’s current authorisation processes for UCITS/RIAIFs and QIAIFs which is currently underway.
05/26/2022
Why use Jersey companies for acquisition and investment holding structures?
Jersey company law is founded on the same underlying principles as English company law
05/25/2022
The world's largest law firm to combine with Zaanouni in Tunisia
Dentons' combination with Zaanouni Law Firm and Associates ("Zaanouni") would further accelerate Dentons' momentum to become the leading Pan-African law firm owned and controlled by Africans, across 17 locations on the continent.
05/25/2022
Regulatory Insights – May 2022
Your source for the latest updates from the SEC, DOL and across the industry.