06/06/2022
Expansion of Russian Sanctions Regime in Bermuda
Appleby is actively tracking these developments, and is advising clients on the legal and practical impacts of these measures.
Government Regulation
06/06/2022
Non-fungible tokens: a fiduciary, tax and legal snapshot
NFTs are traded on specialized NFT marketplaces, such as OpenSea and Nifty Gateway, which are platforms on which people link crypto wallets and exchange NFTs for the types of cryptocurrencies supported in the respective marketplace.
06/06/2022
Complexity around directors’ duties owed to Irish insurers
The duties which apply to an Irish director were codified in the Companies Act and were the subject of a lot of market commentary at the time.
06/06/2022
The Economic Crime (Transparency And Enforcement) Act 2022: An Isle of Man Perspective
The Act will apply to all Isle of Man entities that are treated as legal persons under Isle of Man law.
06/06/2022
The Financial Services Commission Confirms Processing Fees and Licensing Criteria
The FSC is confident that the Processing Fees Regulations will foster early bird applications for the VASP licences and registration of initial token offerings
06/06/2022
Finally, interim measures in Italian arbitration
It remains to be seen how, and in what form, the new legal principles will, in practice, be implemented by legislation.
06/03/2022
ESMA Consultation on Notifications for Cross-Border Marketing and Management of Funds
The ITS and RTS will also clarify the procedure for the communication of the relevant notification file by the relevant home NCA to the host NCAs of the Member States where these activities are envisaged.
06/02/2022
How financial institutions can manage third-party risk in material non-outsourcing contracts
There are a number of ways that financial institutions can apply some flexibility in how they implement third party risk regulatory requirements within material non-outsourcing contracts.
06/02/2022
SEC Proposes Amendments to Rule Governing Fund Naming Conventions, Including Use of ESG Investing Practices
Depending on the circumstances and the type of fund name, an 80% Investment Policy may be fundamental or non-fundamental.
06/02/2022
AIFMD Rapporteur proposes widening of ‘professional investor’ definition under AIFMD
These individuals do not currently fall within the definition of professional investor.
06/01/2022
Mourant Trusts Forums 2022
Attendees heard discussions on whether traditional trust structures were still fit for purpose in the modern era and discussions on panellists' experiences with fund-like and collective investment vehicles in a private client context.
06/01/2022
CASS governance: four factors for compliance
That’s why, in this blog, we break down the key factors that underpin effective CASS governance.
06/01/2022
ESMA Provides Supervisors With Guidance On The Integration Of Sustainability Risks And Disclosures In The Area Of Asset Management
This work will help combat greenwashing by establishing common supervisory criteria for National Competent Authorities (NCAs), to effectively supervise investment funds with sustainability features.
06/01/2022
Guernsey legal and regulatory update June 2022
Together with the Guernsey Green Fund, this new designation would allow Guernsey funds a choice of complementary sustainability designations based on globally agreed environmental standards.
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
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.