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

Pensions Regulator finalises criminal offences policy

We summarise below the key points for trustees and employers who sponsor defined benefit (DB) pension schemes.

Financial Crime: analysis of firms’ 2017-2020 REP-CRIM data

A key approach of the FCA, as set out in the business plan, is collaboration and partnering with others, such as government and other authorities, including law enforcement, to achieve more in raising standards across the regulated sector.

Heightened Cyber False Claims Risk: New DOJ Approach to US Government Contractor and Federal Grantee Cybersecurity Enforcement

DOJ formed the Civil Cyber-Fraud Initiative to address a concern that contractors may be failing to give required notice of cyber breaches.

Nasdaq makes it more difficult for companies based in “restrictive markets” to list

Companies that are public in the United States are required to file audited financial statements with the SEC.

Expect scope of UK climate change litigation to broaden

This claim is unique in that it is alleging that Santos has engaged in misleading and deceptive conduct in breach of Australian consumer law by claiming in its annual report and on its website that natural gas provides ‘clean energy’ and that

A new dawn for FFP and the expected impact of the new rules

The new rules are expected to mark a step-change

Saudi data protection reform to take effect in March 2022

The Saudi Data and Artificial Intelligence Authority (SDAIA) will supervise the implementation of the new legislation for the first two years.

UK pensions industry aims for more say over managed assets

The taskforce makes the additional point that the governance and execution processes for stewardship of assets

The BVI Common Law After Broad Idea

Although it is the usual situation, there is no requirement that the judgment should be a judgment against the respondent.

Formal accounting: General considerations following entry into effect of bitcoin law

This article presents some general considerations that merchants required to comply with the “formal accounting” requirements under El Salvador’s commercial

Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements

Progress Report on the implementation of the FSB High-Level Recommendations

A “sea change” in attitudes towards third party litigation funding in Jersey

These old offences of champerty and maintenance were first decriminalised in England in 1967.

Overview of joint and several liability notices for tax avoidance, tax evasion and repeated insolvency

This guidance is about the ‘Joint and several liability of company directors etc’ legislation

Luxembourg: New Performance Fee Declaration

The declaration will be available from 30 September 2021 for all funds with a July to December 2021 financial year end and from January 2022 for all funds with a January to June 2022 financial year end.

Platinum Sponsor Appleby to Speak on Regulatory and Digital Assets Panels at Bermuda Tech Summit

Appleby is pleased to be a Platinum Sponsor of the 2021 Bermuda Tech Summit which is taking place virtually 13-15 October. The conference is presented by the BDA (Bermuda Business Development Agency).

Fund finance: Guernsey perspective and updates

Often an acceptable approach is for a notice to be delivered to the corporate administrator acting for and on behalf of each investor and the general partner of the fund to upload the investor notice to the fund's investor portal, and to then provide

Standstill agreements in 1975 Act claims – stop losing the plot!

All litigation involves risk analysis.

Registration of overseas entities

There will be a new requirement for the Land Registry to enter a restriction on the title of land owned by an overseas entity

Deputy Judge President’s warnings regarding urgent applications

The DJP reminded practitioners that the ultimate test as to whether a matter is urgent, is whether irreparable harm is apparent if an order is not granted in that week.

The International Trade Law Review: UK Customs and Trade

A declaration may be made by any person established in the UK who is able to present the goods in question

Government Regulation