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Tanzania: introduction of UBO registration requirements

Going forward, the UBOs’ particulars shall be submitted annually together with the annual returns, failing which the annual returns will not be deemed as being filed.

Harneys closes two Hong Kong pharmaceutical IPOs

It was one of the top ten private traditional Chinese medicine healthcare service providers in China in 2020.

Ogier's real estate team act for lender in financing of Jersey's IFC6

Finance firm Aztec has confirmed it will lease 75% of the 68,000sq-ft office building, the construction of which is due to start immediately and with proposed completion targeted by November 2023.

Financial Regulation: Daily Update

The PRA and FCA expect firms to carry out systemic reviews of their equity finance businesses and the risk management practices and controls deployed in those businesses benchmarked against the finding set out in the annex.

EBA Report On The Application Of The Guidelines On The Remuneration Of Sales Staff

To that end, the EBA conducted a survey amongst a sample of 70 financial institutions from 12 Member States.

FinCEN Issues Proposed Rule for Beneficial Ownership Reporting to Counter Illicit Finance and Increase Transparency

FinCEN strongly encourages all interested parties, including those that would be affected by the proposed beneficial ownership information reporting rule, to submit written comments.

Fact Sheet: Beneficial Ownership Information Reporting Notice of Proposed Rulemaking (NPRM)

Few jurisdictions in the United States require legal entities to disclose information about their beneficial owners—that is, the people who actually own or control a company—or the persons forming them.

Joint letter to banks operating in the UK

Our observations include weaknesses in the holistic management of risk across business units

New transfer rules for combatting pension scams

The new requirements (and everything in this article) only apply to statutory transfers.

Online Harms: What is the global state of play?

The fast moving legal landscape raises operational and compliance challenges for tech companies that operate globally.

The UK Online Safety Bill: Harmful (But Legal) Content and What’s Next?

The lengths to which internet service providers can (or even should) be required to go in order to improve online safety remains one of the greatest challenges and uncertainties arising from this legislation and will be one of the key areas of focus as th

Luxembourg Business Register - new requirements for private individuals

A specific procedure allowing the sole registration or creation of a Luxembourg national number for a natural person registered with the RCSL will also be available on the RCSL portal.

Daily Legal Updated

The Committee’s inquiry on the retail energy market follows unprecedented surges in wholesale energy prices since the summer and with a number of firms going out of business, including Bulb, Britain’s seventh-biggest supplier with 1.6 million

FinCEN’S Broad Proposed Beneficial Ownership Reporting Requirements

Targeting “terrorists, criminals and kleptocrats”

Belgium: Draft bill including new tax regime for expatriates submitted to parliament

The company brought an administrative appeal against the order.

EU launches major infrastructure investment strategy to underpin global recovery

These tools allow the EU to leverage public and private investment in priority areas.

Ireland Update – CBI Dear CEO Letter on MiFID Suitability Requirements

The purpose of the Letter is to provide feedback to industry on the findings of the review and to outline the CBI’s expectations in relation to the application of the MiFID II suitability requirements.

Global Data News

The Commission is also planning a Data Act which will fulfil a similar function to foster public/private sector data sharing.

Dubai regulator fines fund manager for reporting breaches

DFSA accepts an Enforceable Undertaking from Equitativa to improve valuation practices

The investment manager regimes in the Cayman Islands and BVI

There are no specific qualifications or other requirements on such overseas managers imposed by BVI or the Cayman Islands.

Government Regulation