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

SEC Proposes Amendments to Form PF and Enhanced Reporting for Private Fund Advisers

Market participants and the general public are invited to comment on the proposed amendments.

Lasting Powers of Attorney Set to Come into Force in Guernsey

The States of Guernsey's decision to introduce and implement the Capacity (Bailiwick of Guernsey) Law, 2020, in several phases was made some time ago, with emphasis being placed on the introduction of LPAs in the first instance.

Shoosmiths signs pledge committing to greener arbitration

Shoosmiths is committed to a net zero emissions future with a target for its operations to achieve this by 2025.

Jersey Resolution Authority goes live

The JRA will set the strategic direction of work on bank resolution, oversee the exercise of its legal duties and obligations, and help raise the international profile of Jersey among international counterparts.

Forthcoming financial services regulatory developments – February and March 2022

In this blog post, we round-up key forthcoming developments in the UK and at EU and International levels in financial services regulation which are expected to happen in February and March 2022.

New UK regulations to promote and facilitate pensions advice

The “stronger nudge to pension guidance” measures, which will come into force on 1 June 2022, will require occupational pension schemes to give customers guidance as a routine

Dutch ultimate beneficial owner registration deadline looms

Businesses face potential fines from the Economic Enforcement Office – a unit within the Dutch tax authority – if they fail to meet the deadline for registration or submit incomplete or inaccurate information.

Ireland to introduce the right to request remote working

The Bill is expected to be finalised and implemented later this year, with plans to develop a code of practice to provide guidance to employers, employees and their representatives on the general principles that apply.

Property Litigation Team in Supreme Court for Key Electronic Communications Appeals

This litigation is therefore significant for both landowners who host, or may be required to host, electronic communications apparatus on their land, as well as Operators themselves.

MiFID - ESMA consults on opinion on the trading venue perimeter

ESMA also reiterates the position it stated in the Final Report that a system that “pre-arranges" transactions for execution on a trading venue is not itself multilateral, now taking the view that the pre-arranging firm acts as 'an extensi

New standard contracts for transfers of personal data from the UK to be approved

Similarly, the IDTA requires data exporters to undertake a transfer risk assessment to consider the local laws, practices, and risks which might render the protections provided by the IDTA insufficient.

UK Immigration: new scale up visa launching spring 2022

The new Scale Up visa system aims to encourage innovation by streamlining the process for ‘Scale Up’ businesses to bring those who are “very highly skilled” and “academically elite” to the UK.

Key developments in environmental law in 2021 and what to look for in 2022

As we move into 2022, we look back at some of the key developments in environmental law in 2021 and look ahead to what is coming up in 2022

Financial Regulation Daily Update

The letter sets out the FCA's expectations of insurers and insurance intermediaries as part of the wider industry, including with regard to consideration of leaseholders.

ESMA Guidance On Funds' Marketing Communications

Guidelines aim at aligning the marketing communications regime applicable to Managers with the regime currently applicable to MiFID

Much-Anticipated Federal Reserve Report Signals That a CBDC Is a Long Way Off

The Report requests comments on a series of questions to help the Federal Reserve improve its understanding of the potential benefits and risks of a CBDC.

FCA regulation around high-risk investments to be stiffened

On the ‘consumer journey’ plans, the FCA wants to bolster risk warning requirements and ban inducements to invest in high-risk investments.

‘Real risk’ of reputational damage to retailers amid fashion industry ‘greenwashing’ probe

It comes after the watchdog announced a crackdown on retail fashion firms that make misleading claims about their environmental credentials, known as ‘greenwashing’, and warned that brands could face enforcement action if they are found to hav

The Move Towards Transparency in Financial Remedy Proceedings

In this article we consider the drive for transparency in the family justice system and the potential impact for clients on their privacy.

Getting your IP in order: protecting confidential information

A business must ensure that both trade secrets and confidential information are properly protected from loss and misuse.

Government Regulation