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Luxembourg Corporate: unregulated securitisation vehicles

As a leading hub in Europe for securitisation and structured finance transactions, Luxembourg offers a pragmatic and secure legal and tax

Cloud data transfers and employee monitoring to get CNIL 2022 focus

The CNIL said its work in relation to cloud services is part of broader coordinated enforcement activity it is involved in undertaking under the auspices of the European Data Protection Board.

UK ruling referred to CJEU in post-Brexit first

According to state aid and trade law specialist Dr. Totis Kotsonis of Pinsent Masons,this case raises a number of interesting points.

Hong Kong SFC’s New Rules on Bookbuilding & Placing Activities: What Intermediaries Need to Know

This Legal Update elaborates on the context and scope of the new requirements and provides recommended next steps for intermediaries to prepare for the new requirements in coming months.

Russia/Ukraine crisis: New sanctions regulation in force in Guernsey

In January, the US also introduced a bill to facilitate the imposition of sanctions in the event of a Russian invasion of the Ukraine, in the form of the Defending Ukraine Sovereignty Act of 2022.

Accelerating Charitable Efforts Act

Charities that receive more than one-third of their support from “public” sources will qualify as public charities.

Amendments Introduced to Bermuda's Segregated Accounts Companies Act

Also of note are the changes to the requirements related to the appointment of a segregated account representative ("SAC Rep"), which in almost all cases now require the SAC Rep to be a 'regulated person'.

Ogier introduces most expansive family leave benefits in the offshore world

Permanent employees are entitled to this benefit from their first day with Ogier, as continuous service requirements were removed from the Ogier maternity leave policies in 2021.

Update on the EU AML List

Limited Impact for the Cayman Island

Assessment of Risks to Financial Stability from Crypto-asset

Direct connections between crypto-assets and systemically important financial institutions and core financial markets, while growing rapidly, are limited at the present time.

Romance Fraud - A Callous Financial Fraud

Once the victim is drawn in the fraudster begins to ask the victim for substantial sums of money using various spurious excuses to extract funds from them.

Derivatives trading: Commission plans to expand EU-based clearing capacity

A CCP is an intermediary in derivatives trading that buys derivatives from one party and resells them to the other.

FCA launches consultation on pension provider dashboard rules

It follows a similar consultation published at the end of last month by the Department for Work and Pensions

FINRA Publishes 2022 Report on Its Examination and Risk Monitoring Program

FINRA adds new topics for 2022 and new material to previously covered topics.

EU reviewing Annex II: Potential inclusion of BVI and Bermuda

Inclusion on the list means that the EU monitors for progress towards addressing the recommendations by the required deadline.

Luxembourg Parliament Adopts the Bill to Amend Luxembourg Securitisation Law

The amended Law brings increased flexibility to Luxembourg securitisation vehicles by introducing a series of major changes and was adopted much earlier than originally anticipated.

Update: Expansion of the Jersey Insolvency Toolkit

The adoption of the Companies (Amendment No. 8) (Jersey) Regulations 2022 (Regulations) [last week] brings welcome changes to Jersey’s insolvency toolkit.

SEC Charges 12 Additional Financial Firms for Failure to Meet Form CRS Obligations

With today’s actions, the SEC has now charged forty-two financial firms for failing to meet the obligations that are required

SEC Proposals Would Significantly Impact Private Fund Advisers

The SEC also proposed amendments to the current rules governing the books

EU guidance on data subject access requests clarifies search obligations

The GDPR stipulates that organisations must respond to SARs "without undue delay and at the latest within one month" unless extensions can be justified and sets out further requirements in relation to the information that must be provided in res

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