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Government Regulation

12/07/2022

Update on s.21 gateway: FCA consults on introducing gateway for firms which approve financial promotions for unauthorised persons

Firms which approve financial promotions for unauthorised firms should review and consider these proposals carefully.

12/07/2022

EU GDPR Rules for intra-group international data transfers updated

The guidance is entitled “Recommendations 1/2022 on the Application for Approval and on the elements and principles to be found in Controller Binding Corporate Rules (Art. 47 GDPR” (the “Recommendations”).

12/06/2022

European Court of Justice Decision on Public Beneficial Ownership Registers

The means utilized to achieve these aims often interfere with and/or provide exceptions to the enforcement of individuals’ rights to privacy and confidentiality, as are recognized in democracies across the globe.

12/06/2022

IT issues delay Unified Patent Court start to June 2023

The UPC is being set up to provide a dedicated judicial system for litigating new unitary patents.

12/06/2022

Singapore’s platform workers will get more protection in work

Platform workers are generally not classified as employees in Singapore.

12/06/2022

SEC Staff Grants Temporary Relief from Compliance with Rule 15c2-11 for Rule 144A Fixed Income Securities

Participants in the Rule 144A fixed-income security market, who have been grappling with how to ensure compliance with the Rule, now have an additional two years to consider the issue.

12/06/2022

Rulings on Irish directors’ obligations should give directors ‘pause for thought’

Keenan said both cases demonstrated the importance of the obligation on directors to act in good faith in what they believe to be the best interests of the company.

12/06/2022

Court backs cryptocurrency exchange bid to trace alleged fraudsters

The six cryptocurrency exchanges have also been ordered to explain

12/05/2022

Grand Court confirms successor protector following resignation

The brief background was that in July 2020, the protector wrote to the trustee to tender her resignation with immediate effect but failed to appoint her successor.

12/05/2022

ECJ Rules Public Access to Beneficial Ownership Information Invalid

The introduction of publicly accessible Ownership Registers gave rise to concerns from an invasion of privacy perspective.

12/02/2022

UK government set to publish Digital Markets, Competition and Consumer Bill

The Bill, which will be likely to result in important reforms to consumer protection and competition law, will also give the Digital Markets Unit (DMU) legislative powers to enforce a new regulatory regime.

12/02/2022

Bird & Bird Diversity and Inclusion Endowment Fund joins forces with Droit comme un H! association to promote lawyers with disabilities

The association detects talent from the Bachelor's degree onwards, searches for potential employers, promotes disability in the legal professions through visibility and lobbying actions.

12/01/2022

New OfS enforcement deal raises consumer law compliance pressure on universities

The deal between the OfS and National Trading Standards illustrates both the OfS’ commitment to sector wide consumer law compliance, but also perhaps its lack of internal resource to regulate

12/01/2022

DORA approval brings operational resilience in financial services to fore

The DORA package, proposed by the European Commission in September 2020, consists of both a regulation and a directive.

12/01/2022

Guernsey funds legal and regulatory update

An overview of Guernsey funds legislative and regulatory developments for the period 1 September to 30 November 2022.

12/01/2022

Federal Council sets third-country work permit quotas for 2023

The quotas have not been fully utilized, especially in 2020 and 2021 due to the pandemic.

12/01/2022

Linklaters partners with Architects of Life on social impact initiative to overcome stigma and empower ex-offenders in Singapore

Empowering people to improve their lives is one of the key strands of Linklaters’ global Social Impact strategy

12/01/2022

Linklaters advises BNP Paribas as arranger, on the first car fleet securitisation of Virtuo, the reference alternative to private cars

This financing is then securitized to senior, mezzanine and junior investors via a fonds commun de titrisation.

12/01/2022

Importance of construction workforce wellbeing highlighted

The Taskforce said ensuring worker health, safety and wellbeing is core to addressing the industry skills shortage.

11/30/2022

Meta GDPR fine levied over data protection by design and default

The enforcement action taken by the Data Protection Commission (DPC) also includes an order for Meta to bring its personal data processing into compliance with the requirements.

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