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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.

Cyprus Beneficial Owners regime- Factsheet

To the extent that they are registered with the Department of Companies and Intellectual Property

European Commission approves German hydrogen import programme H2Global

The EU Commission also said that in the future H2Global should help to meet the expected hydrogen demand not only of Germany but also of the EU, since the EU Commission expects demand to increase significantly.

Future UK IP rights exhaustion regime decision delayed

As a result, it has not been possible to make a decision based on the criteria originally intended.

US FTC/DOJ Launch Process to Potentially Rewrite Merger Guidelines

The agencies’ questions for public comment ask about every aspect of the merger review process.

Singapore sets out corporate climate and board diversity disclosure requirements

According to Singapore Exchange (SGX), climate reporting will be made mandatory for listed businesses

Hong Kong Monetary Authority provides update on proposed regulatory framework for payment-related stablecoins and upcoming crypto-asset guidance

The HKMA considers that certain key functions in a typical stablecoin arrangement may not be captured by the proposed enhancements to the AMLO

UK imposes broad new rules and restrictions on promotions in the crypto industry

The government consulted on extending the financial promotions regime to the crypto industry in 2020.

Conditional fee arrangements now permitted in Singapore

CFAs were prohibited in Singapore before the recent amendment.

MiFID II: FCA to review competition concerns in wholesale data markets

The feedback statement does not identify ultimate outcomes which the FCA may take should it decide to address any of the above concerns.

Pension funds: hedging longevity risk

Board meetings are held in Guernsey and a majority of the directors are Guernsey residents in order to ensure that the mind, management and control of the incorporated cell remains at all times in Guernsey.

US regulators must provide more clarity on crypto rules, says BNY Mellon CFO

Portney's comments highlight growing frustration among banking industry executives as U.S. President Joe Biden's regulators have taken a cautious approach to digital assets.

Daily Legal Update

FCA looks to strengthen financial promotion rules for high risk investments

FCA cancels 4 European firms post-Brexit permissions

European firms wishing to remain in the temporary permissions regime (TPR) need to meet the FCA’s standards to continue operating in the UK.

Bermuda amends Insurance Act

The Act which became operative on the 23 December 2021, amends the Insurance Act 1978 to make provision for supervisory requirements relating to the administration of internationally active insurance groups in Bermuda.

Economic Substance for Jersey Funds

The purpose of this note is to provide some information about the impact of the economic substance regime on Jersey’s funds industry.

Government Regulation