03/06/2022
Financial Regulation: Daily Update
The documents aim to mitigate the limited risk of data truncation in CHAPS that will occur between November 2022 and April 2023.
Government Regulation
03/06/2022
Law modernising the Luxembourg 2004 securitisation law
The Law contains some targeted adaptations to the securitisation regime under the 2004 Law with the aim to clarify certain elements to enhance legal certainty and to ensure continuing flexibility of the Luxembourg securitisation regime adequate for the ma
03/04/2022
SFC fines HSBC Securities Brokers $6.3m
The SFC found that between September 2018 and September 2021, HCCB failed to ensure compliance with the Rules of the Exchange of the Stock Exchange of Hong Kong Limited
03/04/2022
The FSCA releases draft strategy for supporting transformation in the financial sector
The purpose of such engagement will be to assess current levels of transformation within the financial sector
03/04/2022
Irish Central Bank issues guidance on insurers’ use of service companies
The guidance is applicable to both insurance and reinsurance undertakings.
03/03/2022
Economic Crime Bill to introduce long-awaited register of foreign beneficial owners of UK land
The Bill also contains provisions to beef up the system of unexplained wealth orders.
03/03/2022
The new economic crime bill – greater transparency of property ownership in the UK?
Whilst the Bill is introduced in the context of Russia's attack on Ukraine, its impact will not be limited to Russian entities or persons but will affect all non-UK entities operating in the UK.
03/03/2022
Government authorises use of dormant pension assets to 'change people's lives for the better'
The UK Government has now announced an expansion of the scheme, which will be expanded to cover pensions, insurance, investment and wealth management accounts.
03/03/2022
Global labor law update
Keeping up to date of new legal developments and maintaining visibility of those on the horizon continues to be critical for those planning and managing people strategies.
03/03/2022
No Stone Unturned: Tools of the trade available to the asset recovery lawyer in Guernsey
The application must not be merely for the purpose of obtaining pre-trial discovery of what a witness might say if called at trial
03/03/2022
BVI open-ended funds
This guide focuses on BVI business companies and BVI open-ended investment funds, and it aims to provide an overview of the different types of open-ended investment funds in the BVI and the regulatory requirements and obligations that these funds are subj
03/03/2022
BVI Approved Managers Regime
The application process for approval is generally quick and straightforward making it an appealing and popular option for both start-up and existing qualifying investment managers and advisors.
03/03/2022
Charities aspects of the Levelling Up White Paper in the UK
Access will provide urgent financing to over 1,000 charities and social enterprises in the more deprived areas of England.
03/03/2022
Financial firms should monitor FCA's AR consultation ‘carefully’
There are currently around 40,000 ARs in the UK, with around 16,000 ARs operating in the retail lending industry, and around 12,000 in general insurance and protection.
03/03/2022
UK ports face Russia sanctions compliance challenge
Francis Tyrrell of Pinsent Masons was commenting after the UK government introduced new legislation aimed at preventing Russian vessels from entering UK ports.
03/02/2022
Borrowers beware – HMRC's new DeFi guidance
But the new guidance looks likely to disrupt the DeFi market in ways that crypto investors and users may see as disadvantageous.
03/02/2022
Foreign direct investment in the EU
Even under the new Regulation, the member states largely remain autonomous in their approach on how to deal with FDI.
03/02/2022
UK to boost sanctions enforcement and corporate transparency
The UK government has announced a significant package of sanctions in the wake of the invasion.
03/02/2022
SEC Reporting Changes: Accelerated Settlement Cycles
These changes are “designed to protect investors, reduce risk, and increase operational efficiency.
03/01/2022
SEC Proposal Significantly Impacts Private Fund Advisers and Investors
The SEC stated that the Proposal is intended to address activities harmful to private fund investors