01/16/2022
For the guidelines' purpose, transferability covers all the elements that will facilitate the transfer of an entity, a business line or a portfolio of assets, rights or liabilities to an acquirer (public or private company), a bridge institution or a
01/16/2022
This revised version reflects the changes to the regulatory framework for peer reviews introduced in December 2019
01/14/2022
a section on the corroboration of answers given by the supervised entity in scope in the context of the CSSF annual AML/CFT online survey
01/14/2022
These similarities may predict that, after a period of upheaval and significant cost, the worthy objective of establishing a higher level of consumer protection in retail financial markets and, importantly for firms and customers alike, greater consumer t
01/14/2022
Among the updates included in the AIFMD Q&A is a new Q&A on the use of non-discretionary investment advisors.
01/14/2022
The laws do not indicate the effective date of application of WHT to jurisdictions added to or removed from each updated version of the EU black list.
01/14/2022
According to French accounting rules, an enterprise’s goodwill (fonds commercial) is deemed to be a non-depreciable asset unless the enterprise can justify a foreseeable period of use.
01/14/2022
The law entered into force on the same day, upon its publication in the government gazette. Its key provisions are summarized below.
01/13/2022
These changes demonstrate an increasing emphasis on work-life balance and promotion of family-related leave for employees.
01/12/2022
The regulator wants to assess whether the RTS developed under the Markets in Financial Instruments Regulations, covering certain transparency and data reporting requirements, need to be amended in order to be effectively applied to securities issued, trad
01/11/2022
FinCEN Seeks Guidance on Applying Corporate Transparency Act Reporting Obligations to Trusts and Estates
In response, FinCEN recently released proposed regulations governing the CTA and has requested comments on how to apply the proposed regulations to certain kinds of trusts.
01/11/2022
SEC Issues Awards Totaling More Than $4 Million to Whistleblowers
"These awards highlight the importance of the SEC’s whistleblower program to the agency’s enforcement efforts and to its ability to maximize staff resources."
01/11/2022
FCA to review competition concerns in wholesale data market
By the end of the year, the FCA will launch a second market study to assess whether high charges for access to credit ratings data is adding costs to investors and limiting new market entrants.
01/11/2022
US and Malta agree joint crackdown on pension plan abuse
This came to light after both authorities found that US taxpayers with no connection to Malta were misconstruing the pension provisions of the Treaty to avoid income tax on the earnings of, and distributions from, personal retirement schemes established i
01/10/2022
Important update for owners of French property: changes to succession law in France
This changed in 2015 when the EU Succession Regulation came into force.
01/10/2022
The CBI also noted that the QIAIF’s prospectus should detail the role of the AIFM with respect to its ongoing oversight and review of services provided by such non-discretionary investment advisors.
01/07/2022
The rules will also increase transparency around the use of shell entities for tax authorities with greater information exchange protocols.
01/07/2022
The FCA was also requested to clarify how the MIFIDPRU rules
01/07/2022
Department of Justice is acting under new laws to intensify regulatory inspections of art traders and intermediaries
01/07/2022
Standard has proactively brought about operational changes in an effort to address the issues identified and the concerns of the Authority.