02/17/2022
Update on the EU AML List
Limited Impact for the Cayman Island
Government Regulation
02/17/2022
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.
02/17/2022
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.
02/17/2022
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.
02/17/2022
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
02/16/2022
FINRA Publishes 2022 Report on Its Examination and Risk Monitoring Program
FINRA adds new topics for 2022 and new material to previously covered topics.
02/16/2022
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.
02/16/2022
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.
02/16/2022
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.
02/16/2022
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
02/15/2022
SEC Proposals Would Significantly Impact Private Fund Advisers
The SEC also proposed amendments to the current rules governing the books
02/15/2022
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
02/15/2022
SEC Proposes New Rules For Private Fund Advisers
Several of the Proposed Rules will also apply to investment advisers not registered with the SEC, including venture capital fund advisers, smaller private fund advisers and many non-US advisers.
02/15/2022
Key developments in Jersey’s corporate insolvency regime
Key among those changes is the creation of a new insolvent company winding-up regime, referred to as a “court ordered creditors’ winding-up”
02/15/2022
A major development of the creditors' winding up regime in Jersey
The Amendments enhance and protect the interests of creditors and are based upon principles and practices widely recognised in other insolvency regimes.
02/15/2022
Data Protection Law issued in Oman
All businesses operating in Oman should immediately begin assessing their activities and making changes to corporate policies and procedures to align with the PDPL.
02/15/2022
Guernsey's Court of Appeal Law – The Changes
Whilst these amendments are mostly procedural and do not drastically alter the substance of the Law, they helpfully aim to ensure the proper administration of justice.
02/14/2022
Team Moves: Poached and Poacher
Whilst we await the Government’s consultation response on the future of non-competes in the UK
02/14/2022
Ferbrache & Farrell welcomes new Capacity Law
Ferbrache & Farrell warmly welcomes the development of the new Lasting Power of Attorney regime
02/14/2022
Former Redcentric directors convicted for misleading investors
Estelle Croft, the firm’s former finance director, had already been sentenced to three years’ imprisonment, having pleaded guilty to charges of making false statements and false accounting, including to Redcentric’s auditors, PwC.