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UK to require pension trustees to report on climate change commitments

DWP said the proposals would help inform trustees’ investment decisions, stewardship and voting, and reflected industry calls for methodological flexibility.

Scrutiny of the U.S. Art and Antiquities Markets Intensifies

While the scale of the problem is unknown, experts agree that a number of factors make the art and antiquities markets particularly susceptible to financial crime.

The new UK Long-Term Asset Fund

The FCA will be consulting in the first half of 2022 on the potential for widening the distribution of the LTAF to a broader range of retail investors.

FATF publishes guidance for regulation of cryptocurrency industry

The guidance provides relevant examples and potential solutions to implementation obstacles.

UK Charity Commission publishes details of whistleblowing disclosures made in 2020 to 2021

The majority of disclosures were received from employees and ex-employees (50.8%), however the proportion of reports from other sources (including Trustees) has increased.

UK Budget 2021: Comments on the Government's infrastructure spending plans

A budget to deliver an infrastructure revolution?

Mauritius Exits the grey list of the Financial Action Task Force

Appleby Mauritius in a concerted effort with the various regulators which included amongst others the Attorney General’s Office, The Financial Intelligence Unit, the Financial Services Commission and the Bank of Mauritius actively participated in fu

Coronavirus and rent enforcement in England and Wales

The courts are prioritising the most serious cases such as where there are allegations of fraud, or alleged arrears equal to at least 12 months’ rent.

US Treasury guidance sets out sanctions compliance duties for virtual currency industry

The sanctions compliance guidance (28 page / 2.13MB PDF) reminds the industry that compliance obligations apply equally to transactions involving virtual currencies and those involving fiat currency.

Cayman Islands to introduce a dedicated 'restructuring officer'

Under the Amendment Bill, the filing of a petition for the appointment of a restructuring officer would trigger an automatic global moratorium on claims against the company, giving it the opportunity to seek to implement a restructuring.

Daily Legal Update

New rules, in force on 15 November

Extension to Global Citizen Concierge Program

The annual fees are relatively low and a successful applicant will pay US$1,500 per annum for their Certificate (a fee which includes one dependant), with fees of US$500 for each additional dependant.

The Anti-Money Laundering Act of 2020

Congress also increased penalties for violating the BSA.

DFSA introduces regulatory framework for Investment Tokens

Forms the first of two phases of the DFSA's Digital Assets regime

Extension to Global Citizen Concierge Program

Revision of fiduciary regulatory legislation

The New Fiduciary Law will be complemented by revised rules, codes and guidance coming into force on the same day

Design in haste, repent at leisure

The news that just hours after it was launched, a security flaw was discovered in Jersey's digital covid-19 certificate is disappointing but probably not surprising.

Daily Legal Update

Fully vaccinated passengers and most under 18s arriving from non red-list countries can use a lateral flow test on or before day two of their arrival in England.

Investment Firms Prudential Regime final rules published

It will refocus requirements and expectations away from the risks that firms face, to also consider and look to manage the potential harm firms can pose to consumers and markets.

The Ministry of Finance announces new measures to attract foreign investment and enhance business activity in Cyprus

The permits will be issued immediately within one month and will have a duration of up to three years.

Government Regulation