10/20/2021
CS receives $475m ‘tuna bonds’ fine
FINMA’s investigation focused on how the bank managed and controlled observations, which can involve significant legal and reputational risks.
Government Regulation
10/20/2021
Mozambique loans: FINMA concludes proceedings against Credit Suisse
Overall FINMA concludes that the Group’s risk management in connection with the Mozambique loans was seriously deficient.
10/20/2021
SPACs: what should be included in a Luxembourg prospectus?
This Public Statement has been supplemented by specific guidelines issued by the Luxembourg Stock Exchange (LuxSE) in August 2021.
10/20/2021
BVI and Nevis trusts case a 'dangerous game of double or quits' rules High Court judge
A few days later the UK company set up a remuneration trust (the First trust) for the benefit of its employees excluding Mr and Mrs Bhaur, to be funded by the transfer of the beneficial interest in the properties.
10/20/2021
Funds & Investment Management Update- Ireland And Luxembourg- Q3 2021
The Central Bank's approach in relation to cryptoassets will be kept under review
10/19/2021
Dutch regulatory authorities strengthen cooperation over regulation of digital activities
Martijn Snoep, chairman of the board of ACM added that a coherent and coordinated approach was needed to respond effectively to the rapid pace of new developments in the digital landscape.
10/19/2021
New operation to protect next generation EU recovery funds
Launched at Europol, Operation Sentinel will contribute to a concerted response to an expected fraud wave
10/19/2021
UK Outlines Beneficial Tax Treatment For Asset Holding Companies
The enhancements to the UK fiscal framework will aim to capitalise on the UK's strengths
10/19/2021
How stricter rules on foreign investment screening impact tech M&A in Europe
A study carried out by Pinsent Masons, the law firm behind Out-Law, in partnership with other firms in its European network, identified the trend as well as associated risks that must be navigated by European technology companies when involved in mergers
10/19/2021
Changes to SPACs regulation will impact European tech M&A
That is changing, though, with several countries, including the UK, embracing reform in the hope of encouraging greater investment to enable innovative businesses to grow.
10/18/2021
Uncertainty around Transfer of Assets Abroad regime increases following latest Fisher case judgment
The judgment has important implications for anybody advising on the Transfer of Assets Abroad regime
10/18/2021
Financial Regulation : Daily Update
The changes affect financial counterparties and non-financial counterparties that are, or may become, subject to the DTO.
10/18/2021
Recognition of Singapore's scheme moratorium in the UK: a bump in the road
The long arm of the Rule in Gibbs
10/18/2021
Collas Crill Advises on Authorisation of World's first tier one Bitcoin ETF
It is Jacobi’s intention to list the fund on Cboe Europe, one of the largest pan-European equity exchanges, subject to Financial Conduct Authority (FCA) listing approval.
10/18/2021
Walkers Cayman Acts on IHS Holding Limited's NYSE IPO
The Walkers team worked alongside Latham & Watkins' London and New York teams and was led by Cayman Islands partners Rolf Lindsay and Andrew Barker, with assistance from associate Sam Francis.
10/18/2021
Netherlands passes law for more gender equality in leadership positions
The new regulation replaces an earlier ordinance that was based on the 'comply or explain' principle and applied from 2013 to 2020
10/17/2021
FCA: Financial promotions quarterly data
This data includes statistics about how we review and act on certain non-compliant financial promotions.
10/17/2021
Adviser fined £116k by FCA for 'reckless and unsuitable' pension advice
The FCA found that Mr Hussein advised customers to switch their existing pensions when this was often unnecessary and not in their best interest.
10/17/2021
US Securities and Exchange Commission Increases Focus on Cybersecurity
These enforcement actions highlight the SEC’s attention to cybersecurity and its scrutiny of written documentation and disclosures following incidents.
10/15/2021
The UK Government is not a “competent local authority"
The Policyholders each run hospitality businesses including a variety of restaurants, cafes, bars and public houses.