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FCA review of MiFID II product governance rules

The FCA selected a case study product from each asset manager – all products assessed were UK authorised CISs available to retail investors on both an advised and non-advised basis.

Cayman Islands economic substance requirements - an overview

Entities which claim tax residency outside the Islands must submit an annual return declaring their Relevant Activities

Treasury Committee publishes BoE response to inquiry into future of financial services in the UK

The Financial Policy Committee (FPC) is ‘committed to the implementation of robust prudential standards in the UK.

Proposed new responsible lending laws pass the House of Representatives

The Committee received 112 submissions.

Economic Substance Update Q1 2021

The amended forms came into effect on 15 December 2020 for all new registrations, and all declarations due by 31 January 2021 would have been submitted in the new format.

Cayman Islands alternative investment fund structuring and regulatory considerations

Once the appropriate form of AIF vehicle has been determined, the liquidity rights will define the appropriate path to registering the AIF

The implementation period for any rules arising from CP20/19

In reaching this decision, we have sought to balance ensuring firms have sufficient time to put the changes into effect and acting quickly to address consumer harm.

SRB publishes approach to the eligibility of UK law instruments without bail-in clauses after Brexit

This exemption shall apply until 28 June 2025.

Major Updates to the BVI's Trusts and Probate Laws

These amendments are set to enhance further the BVI's standing as a leading jurisdiction for trusts and private client business.

Coinbase slapped with $6.5 million fine by CFTC

According to the order, between January 2015 and September 2018, Coinbase recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets

A fundamental change to doing business in the UAE: The new Economic Substance Regulations

This new legislation was sufficient for the EU to remove the UAE from the EU blacklist in late 2019.

Pensions Regulator issues draft guidance on new criminal powers

What it means for restructuring activity

Cyprus regulator comments on new EU Sustainable Finance Disclosures Regulation

he SFDR forms part of a package of regulations on the Union’s Environmental, Social and Governance (ESG) policy.

ICDR Introduces 2021 Rules Amendments

In an effort to promote transparency regarding ICDR decision-making on arbitrator challenges and other administrative determinations, the 2021 ICDR Rules introduces a new Article 5

Follow up: The Federal Government’s perspective on an employer’s mandate to vaccinate

Employers should continue to monitor the Guidance Materials and review the particular circumstances of their workplace.

“Put scams in the Online Safety Bill, or leave millions of vulnerable people at risk of financial harm”, warns Martin Lewis charity

This is in part due to the impact of common symptoms of mental health problems — such as low mood, reduced concentration or impulsivity — which can make it harder for people to control online sending or spot potential scams online.

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