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Proposed changes to UK aggregates levy exemptions

There are considerable tensions over the scope and application of aggregates levy between the aggregates industry and those undertaking infrastructure projects.

Why use a regulatory hosting umbrella?

This means that the unregulated firm can carry out regulated activities prior to obtaining direct authorisation by the FCA.

UAE central bank sets up 'whistleblowing' portal for misconduct, unethical practices

Public, financial institutions, vendors can report wrongdoings anonymously

What will happen to the Britcoin? Here’s what you need to know

One of the biggest risks of a digital pound, the bank said, would be the potential for digital money to undermine confidence in money and payments and in the financial system as a whole.

Due Diligence Insights Virtual Conference for Alternative Investment Operations

Rachael's session will be an "on demand" session covering Fund Liquidations.

New EU standard contractual clauses adopted

There will be a limited period of three months during which businesses can still enter into new contracts using the Old SCCs. However, these contracts will also need to be updated to the New EU SCCs within the 18-month period.

European Commission Clarifies Obligations of Financial Institutions as to Frozen Funds

The Commission, emphasizing the requirement to prevent a change that would enable the use of the funds

EU: New Standard Contractual Clauses – From theory to practice

Most large companies have complex webs of data transfers to hundreds, if not thousands, of overseas recipients, many of which will depend on SCCs.

Supporting smart contracts under English law

It recently closed a call for evidence, to which Linklaters submitted its views.

Data reps not liable for actions of data controllers, says UK judge

Tasks of the designated representative include liaising with data subjects and regulators. The obligation to appoint a representative does not apply to public sector bodies.

UK guide on data transfer codes and certification anticipated

The legislation also provides for the endorsement of industry-drafted codes of conduct that are "intended to contribute to the proper application" of the law.

New Foreign Arbitral Institutions enter the Russian arbitration market

In May 2021, two more foreign arbitral institutions obtained the PAI status: the International Court of Arbitration of the International Chamber of Commerce (“ICC”) and the Singapore International Arbitration Centre (“SIAC”).

Transposition of ECN+ Directive into French law

Not all provisions of the ECN+ Directive had to be transposed into French law since some of the provisions were already in force in France.

Latham & Watkins Advises Aon in Agreements to Sell US Retirement Business and Aon Retiree Health Exchange Business

Multidisciplinary deal teams are advising on the transactions that provide further momentum on the path to close Aon’s pending combination with Willis Towers Watson.

Imposition of Secondary Liability on Relevant Parties for Breaching Hong Kong Listing Rules to Take Effect 3 July 2021

This proposal relates to the imposition of secondary liability on 'Relevant Parties' for Rulesi breaches, which we will discuss in more details in this Legal Update.

Crypto firms fall short on anti-money laundering rules, UK watchdog says

The cryptocurrency world has been plagued through its 12-year life by lax standards on money laundering and other illicit activities.

EU to Force Multinationals to Report Revenue in Each Country

Rules apply to companies with revenue over 750 million euros

BVI – revised Registry fees effective 1 July 2021

The Registry will only issue digital certificates as standard going forward: an additional US$50 fee will be payable where an original paper certificate is required.

EU Cross-Border Fund Distribution Rules - Are You Ready?

Despite the looming August 2021 deadline, to date, there has been quite a low level of local implementation across EEA Member States.

Supreme Court clarifies law on tax ‘discovery’ assessments

In 2009 HMRC opened an enquiry into Mr Tooth's loss claim under one statutory provision.

Government Regulation