- Managers of Wealth - Legal - Wealth, private banking and asset management news and opinion

New Roadmap for Re-Opening Published - What Does it Mean for Employers?

The Irish Government has noted that during the interim period of 1 September to 22 October 2021, a careful and gradual approach should be taken to re-opening.

UK data protection reform planned

The previous UK Data Protection Act implemented the 1995 EU directive and had been in force since 1998.

SEC Committee Supports Chairman's Call to Reform Rule 10b5-1 Trading Plans

The IAC’s actions are expected to add momentum to SEC Chairman Gary Gensler’s recent direction to SEC staff to present recommendations to “freshen up” Exchange Act Rule 10b5-1 by tightening its restrictions.

FCA ban on adviser convicted of child grooming upheld by tribunal

The FCA banned Jon Frensham from operating as an adviser in October 2020, more than three years after he was convicted for attempting to meet a child.

Introducing IFD / IFR: A New Prudential Regime for Investment Firms

IFR and IFD entered into force on 25 December 2019.

Mauritius: Amendments to Immigration Laws to Promote Investment and Increase Access to Non-Citizens

A non-citizen may, through the Economic Development Board, now apply for a family occupation permit

The new PRC Personal Information Protection Law

The PIPL has a territorial reach that is similar to the EU’s General Data Protection Regulation (GDPR) in that it applies to both operations in China

UK employers can expect wave of new data and AI guidance

The ICO is seeking views on the precise topics that employers want to see addressed in its new guidance but has said it intends to address the processing of personal data in the context of recruitment, selection and verification, employment records, monit

National Treasury set to limit assessed tax losses: agricultural and mining sectors among those industries to bear the brunt

The current proposal is to limit the assessed loss to 80% of the “taxable income” derived in any one year of assessment.

Swiss court finds German trader guilty in fraud case

The woman, whose lawyer has already announced the intent to appeal, was found guilty of several offences: multiple document forgery, fraud by trade and mismanagement.

Property developers & banks face legal action

Although the property developers and banks have not been named, an English translation of the list of decisions taken by the CCPS can be found by clicking here.

SEC Charges Eight Firms for Cybersecurity Shortfalls

According to the commission, the firms' faulty cyber policies and procedures didn't protect private client information after third parties fraudulently took over company email accounts.

Cayman Islands Liquidation Proceedings - Officeholder Independence

The Court will take into account the subjective views of all stakeholders.

Compliance and fund administration driving financial services pay growth in Jersey

Organisations that have struggled to source talent in the Island, despite offering more attractive packages, are now starting to look elsewhere or bring in off-Island talent to fill these roles.

Financial Regulation Daily Update

A lack of adequate data and common standards remain key challenges to be overcome to drive ESG integration.

New draft guideline in Germany to prevent greenwashing

If the investment terms of a fund were approved before 2 August, the fund will be exempt from the new rules.

Banks and insurers licensed to exchange fraud data in the Netherlands

The licences granted by the AP only applies to processing activities taking place in the Netherlands.

PRA remit could change for UK investment firms regime

The FCA opened its third consultation on proposed IFPR rules, covering changing prudential standards, earlier this month.

Settlement agreements in the DIFC

The DIFC court rules (RDC) do not expressly require parties to attempt to settle their dispute before commencing legal proceedings.

Philippine Bankers back proposed law vs money muling, phishing

The proposed legislation under House Bill No. 9615 punishes major offenses, such as money muling

Government Regulation