04/23/2021
£140000 fine against Standard Chartered Guernsey subsidiary
A licensee is expected, at all times, to comply with the requirements of the Regulations
Government Regulation
04/23/2021
Revision of the PIF Rules in response to industry consultation
The introduction of the two new routes for registration (neither of which require a Guernsey licensed manager) will be of particular interest to private capital
04/23/2021
Malta mired in golden visa scandal
Investigation reveals millionaires were given passports despite not meeting the conditions
04/22/2021
CP140: Consultation On New Cross-Industry Operational Resilience Guidance
Industry feedback on the proposals is sought, with the deadline for responses being 9 July 2021.
04/22/2021
European Commission publishes landmark Artificial Intelligence regulatory package
In Brussels today, the European Commission unveiled a much-anticipated new rulebook on Artificial Intelligence.
04/22/2021
Linklaters assists the UK Jurisdiction Taskforce on its Digital Dispute Resolution Rules
The rules follow the publication of the UKJT’s landmark Legal Statement on Cryptoassets and Smart Contracts in November 2019
04/21/2021
Upcoming amendments to BVI trust and estate laws
At present, pursuant to section 58 of the TA, the Court has power to approve variation of trusts on behalf of persons who are infant or under incapacity, contingent beneficiaries, unborn persons and beneficiaries under protective trusts.
04/21/2021
CIMA extends deadline for first filing of audited accounts and associated FAR form by Private Funds to 30 September 2021
The extension relates only to the FAR forms for Private Funds. For the avoidance of doubt, FAR forms relating to open-ended mutual funds registered under the Mutual Funds Act (Revised) must still be filed within six months of the relevant financial year e
04/21/2021
Earth Day: how impact investments can drive ‘net zero’ agenda
It said that “the timing of investments and the availability of clean energy solutions at the right time is of critical importance” and that “if innovation timelines can be aligned with net-zero emissions objectives, then this will unloc
04/21/2021
The risk of being unfamiliar with legal and regulatory requirements
The company asserted that they were unfamiliar with U.S. sanctions requirements and the laws and regulations administered by OFAC which caused its management to allow the apparent violations.
04/21/2021
The European Commission publishes market access offers of the EU-China investment agreement
China is a key trading partner for the EU with a fast growing domestic market of 1.4 billion consumers.
04/21/2021
Private Investment Fund Rules and Guidance 2021
The changes provide for two new categories of PIF, neither of which require a licensed manager.
04/20/2021
Financial Regulation Alerter: Straying into regulated territory – more guidance on investment advice and arranging activities
It is clear that the Financial Conduct Authority (the "FCA") is determined actively to police the regulatory perimeter – it was after all a party to proceedings in both of the cases discussed below.
04/20/2021
The UK's Fintech Strategic Review Series: National Connectivity
In our final article on the Kalifa Review, we look at how the Government can better support connectivity amongst the top UK fintech clusters
04/20/2021
SMCR and COVID: Regulatory expectations and a "reverse holiday" rule? Just a thought.
Post the financial crisis in 2008 you will remember that the FSA effectively brought in a "two week holiday rule".
04/20/2021
Implications of sustainability and ESG for the securitisation market
This movement within the securitisation context is aligned with the wider global and political commitment towards greater focus on the sustainability of investments and an increased investor interest in human rights considerations.
04/20/2021
Irish WRC hearings must be public, Supreme Court rules
As amending legislation will be required, it will be necessary for the WRC to update its procedures in line with the legislation and policy when this is enacted.
04/19/2021
Bond restructuring – overcoming structural bond impediments to effect a compromise
It should be noted that the restructuring in that case was by way of a plan of arrangement under the new English Part 26A of the 2006 Act, implemented by the Corporate Governance and Insolvency Act 2020, where cross-class cram downs are available.
04/19/2021
ENSafrica’s Thierry Koenig nominated to sit on the Institute of Judicial and Legal Studies board
The IJLS plays a key role in the professional development of barristers, attorneys and notaries in Mauritius
04/19/2021
Jersey: Return to the Office – Anxiety, Discrimination and Reluctant Employees
Businesses have been provided with specific guidance to make your RTW space as safe as possible.