12/10/2021
FinCEN’S Broad Proposed Beneficial Ownership Reporting Requirements
Targeting “terrorists, criminals and kleptocrats”
Government Regulation
12/10/2021
Belgium: Draft bill including new tax regime for expatriates submitted to parliament
The company brought an administrative appeal against the order.
12/09/2021
EU launches major infrastructure investment strategy to underpin global recovery
These tools allow the EU to leverage public and private investment in priority areas.
12/09/2021
Ireland Update – CBI Dear CEO Letter on MiFID Suitability Requirements
The purpose of the Letter is to provide feedback to industry on the findings of the review and to outline the CBI’s expectations in relation to the application of the MiFID II suitability requirements.
12/09/2021
Global Data News
The Commission is also planning a Data Act which will fulfil a similar function to foster public/private sector data sharing.
12/09/2021
Dubai regulator fines fund manager for reporting breaches
DFSA accepts an Enforceable Undertaking from Equitativa to improve valuation practices
12/09/2021
The investment manager regimes in the Cayman Islands and BVI
There are no specific qualifications or other requirements on such overseas managers imposed by BVI or the Cayman Islands.
12/09/2021
UK QAHCs - Asset Holding made simple through Guernsey companies
Separately, the UK is considering the introduction of a corporate re-domiciliation/migration framework to encourage non-UK companies to relocate to the UK and take advantage of its competitive corporate tax system.
12/09/2021
Arbitration: BVI considers issues of enforcement upon a state
In May 2021, following a four day return date hearing, the BVI Commercial Division of the Eastern Caribbean Supreme Court set aside the Registration Order.
12/08/2021
SEC finalizes Holding Foreign Companies Accountable Act rules
The rule also establishes the process by which the SEC may impose trading prohibitions on the securities of these companies.
12/08/2021
Immediate changes to the UK Listing Regime to reduce barriers to listing
The changes implement certain proposals on which the FCA consulted in its July 2021 Primary Markets Effectiveness Review (the Review).
12/08/2021
FCA consults on the new Consumer Duty
The new rules are familiar from the previous consultation paper
12/08/2021
Dual class shares to be included in UK premium listing segment
The FCA has also increased the minimum market capitalisation threshold for both the premium and standard listing segments for shares in ordinary commercial companies from £700,000 to £30 million.
12/08/2021
UK VAT rules when selling goods through an online marketplace
We often find UK suppliers of goods choose to register for VAT in their customer’s country and charge the appropriate local VAT.
12/08/2021
SEC finalizes Holding Foreign Companies Accountable Act rules
The SEC also declined to provide a non-exclusive list of appropriate documentation.
12/08/2021
Ireland Update – Central Bank’s property fund proposals
The current proposal is to introduce a 50% limit on the ratio of a Property Fund’s total loans to its total assets and that this limit would apply on an ongoing basis. .
12/08/2021
Ireland Update: Central Bank’s property fund proposals
The Central Bank is seeking feedback on the proposals set out in the Consultation Paper by 18 February 2022.
12/08/2021
The private funds guide to SFDR
ESG data gathering and analytics is Intertrust Group’s first ESG product
12/07/2021
Cayman Islands Director 2022 Registration and Licensing
Ogier can provide a sample letter of resignation or more general assistance in completing the process if required.
12/06/2021
Financial Regulation: Daily Update
The Call for Evidence also gathers views on potential challenges to the safe operation of the AR regime and possible future reforms that might be considered to address those challenges.