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

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.

Latham & Watkins and the Law Office of Salman M. Al-Sudairi advise on EIG Pearl Holding’s inaugural dual-tranche bond offering

An aggregator vehicle managed by EIG owns approximately 89% of EIG Pearl, while the remaining 11% is held by a wholly owned subsidiary of Mubadala Investment Company PJSC.

International Data Privacy Day 2022

Throughout the year, we saw significant changes to international data transfers

Financial Services & Banking News

The technical standards aim to ensure that stakeholders are well-informed about institutions’ ESG exposures, risks, and strategies and can make informed decisions and exercise market discipline.

Walkers (Bermuda) acts on BlockFi International's Digital Assets Business Licence

In addition, BlockFi will open a new office in Bermuda to be staffed by a combination of local talent and existing BlockFi staff.

The Right To Request Remote Work - Update For Employers In Ireland

The penalisation provisions as currently drafted can protect employees from day one.

Amendments to the constitutional documents for offshore companies listed in Hong Kong

The existing Hong Kong listed issuers are expected to ascertain that they are in full compliance with the Core Standard.

The Right to Request Remote Work - Update for Employers in Ireland

Employees with 26 weeks continuous service may make a request for remote working arrangements.

US Corporate Transparency Act proposed regulations published

A reporting company must file a corrected report within 14 calendar days of such reporting company becoming aware or having reason to know of the inaccuracy.

Changes To Luxembourg Reporting Requirements

The report must be submitted to the CSSF annually through the online e-Desk platform within six months of the financial year-end of the supervised entity.

New notification requirements for FCA regulated investment firms in groups

The notification needs to be made “immediately” on the relevant investment firm becoming aware of the notifiable change.

Five Things Employers in Ireland Need to Know About Changes to the Public Health Advice

Refresh and update Return to Work training for all employees

Restrictions on cryptoasset promotions tightened in Singapore, Spain and UK

The regulator plans a clampdown on inducements to high-risk investments, such as payments to new customers or ‘refer a friend’ bonuses.

Enforcement of foreign judgments - Bermuda (Kluwer Law International)

Bermuda is a British Overseas Territory and its legal system is derived from the English legal system.

Continuing obligations of Cayman Islands private funds

Once a private fund has received capital contributions from investors, following Part 3 of the PFA, it is required to comply with the requirements below.

Government Regulation