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Middle East data protection update

Vin Bange and Adnan Chida look at recent developments in data protection and cybersecurity in Qatar, Saudi Arabia and UAE.

A Guide to Blockchain and Cryptocurrency Regulation 2022 (GLI chapters): Bermuda, Cayman Islands and Jersey

The Carey Olsen chapters provide analysis and commentary on blockchain and cryptocurrency regulation in Bermuda, the Cayman Islands and Jersey.

Anti-discrimination law update – votes, votes and more votes

Update on the Guernsey proposals for protection from discrimination for individual religious or philosophical beliefs

Building owners and Victorian government given more time to take legal action on cladding

The changes extend the limitation period for cladding building actions which would have otherwise expired on or after 16 July 2019 but before 1 December 2023.

Hong Kong SFC disciplines first manager-in-charge

The SFC imposed a fine of HK$3.3 million on Fulbright Securities Limited

Key Challenges of Regulatory Reporting

As this conversation continues to unfold, firms will need to pay close attention if they are to enhance their regulatory reporting and avoid enforcement action.

New TCFD guidelines change greenhouse gas reporting requirements

The TCFD’s guidelines were published in 2017 and say that companies should undertake scenario-planning for different levels of global warming and should disclose medium and long term emissions targets.

FCA’s data lead sets out the regulator’s data agenda

The speech provided a useful round-up of the FCA’s focus on data across its operations and activities.

UK considers new IP right for AI

The expansion of the existing text and data mining exception to copyright is also under consideration, which could have significant impacts on the use of big data in the future.

Cybersecurity safeguards introduced for wireless devices sold in Europe

The commission said the cybersecurity of these exempt devices was already guaranteed by existing pieces of EU legislation.

Towards net zero: mandatory corporate climate-related financial disclosures

Subject to Parliamentary approval, the new rules will come into force in respect of financial periods starting on or after 6 April 2022.

How to manage IP contracts effectively

Whilst the natural impulse after a lengthy negotiation is to put the contract away and never think of it again, it is really useful to prepare a summary of its core features while they are still fresh.

Cayman Islands Funds and Regulatory Update: Q3 2021 (English) Cayman Islands Funds Area Update: Q3 2021

We are also pleased to report that Ogier recently received the recognition of Best Offshore Law Firm at this year's Hedgeweek Americas Awards for the second year in a row.

EU regulators ease reporting demands in MiFID 2 "Quick Fix" Directive

From a high-level perspective, the changes are focused on reducing the administrative burden on affected firms with operations in the EU, including exemptions from ex ante cost and charges reporting plus some product governance requirements.

IHS Markit's Compliance Solutions for Crypto Providers

Regulators and supervisory agencies are responding by updating current rules and proposing new ones.

CRD6 could shut out cross-border financial services into the EU

In any case, it seems that the proposals would end national cross-border licences and exemptions which enable cross-border services into EU Member States.

FCA acts to help investors make more informed ESG investment decisions

The FCA is committed to helping investors put environmental, social and governance (ESG) matters at the heart of their investment decisions.

Regulatory grid gives insight into future UK financial services policy

Details of the initiatives that UK authorities active in the financial services sector will work on in the next 24 months were outlined in an updated regulatory grid.

EU Commission designates replacement rates for CHF LIBOR and EONIA

The CHF LIBOR is the rate of interest at which large multinational banks access the wholesale, unsecured funding market to fund themselves in Swiss francs.

Definitions of “Benefit” - Jersey’s Royal Court offers Useful Guidance on Trusts and Non-Financial Benefits

The Court confirmed in this regard that the interpretation of “benefit” applies equally to an application to vary a trust as it does to an appointment of income or capital.

Government Regulation