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

Court Dismisses Flawed Restrictive Covenants – Why Jersey and Guernsey Employers Should Review Contracts

The judge also declined to enforce the non-solicitation and non-dealing covenants on the same basis.

Latin American Investor Files Six-Figure Northstar (Bermuda) Fraud Claim Against Truist Investment Services

The claimant invested mostly in bank products and checking and savings accounts with SunTrust.

Remuneration disclosures improving among UK companies, research finds

“Many companies are going to have to do better if they want to ensure greater investor support for their directors’ remuneration report at their next AGM,” Benns said.

Scaling the climbing wall

Escalation and cascade in financial institutions

China bans financial, payment institutions from cryptocurrency business

China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.

The just and equitable winding up jurisdiction in Jersey: loss of substratum

The article explains how the Jersey courts have taken a commercially flexible, yet rigorous approach when considering applications to wind up a company on the ground of loss of substratum.

CBI Calls for UCITS Managers to Review Liquidity Risk Management Frameworks

Under the CSA NCAs undertook a two-stage assessment of compliance by UCITS managers with liquidity risk management rules.

Ireland Update: Industry Letter – UCITS Liquidity Risk Management

The Central Bank’s review formed part of the European Securities

Victoria joins renewable hydrogen certification scheme

The Zero Carbon Certification Scheme is a renewable hydrogen certification that was launched in December by the Smart Energy Council.

Snapshot: bearer share companies in the British Virgin Islands

Regulatory reforms to improve corporate transparency and crackdown on white collar crime prompted most offshore jurisdictions to reform their bearer share regimes.

BVI introduces data protection regime

The background to this is of course the drive for the BVI to become equivalent with the UK and European Union in this area, in particular under the EU’s General Data Protection Regulation.

Firms must change tack to meet financial regulators’ expectations on supplier risk

Currently, many firms treat outsourcing risk as a separate and distinct category from the broader one of third-party operational risk.

The rise in scams and the threat to a legitimate financial services industry

The FCA detected the promotion on the same day it appeared and started immediate inquiries.

Mourant Regulatory Update - Guernsey Corporate - Q1 2021

If you have any queries in relation to any of the topics raised, or if there are any areas you think it might be useful for us to cover, please don’t hesitate to get in touch.

Ireland's Implementation Plan to Tacle Economic Crime and Corruption

This is a further step towards the passing of new legislation to set up an independent Corporate Enforcement Authority which is intended to replace the existing Office of the Director of Corporate Enforcement.

FCA announces plans to stop CMC phoenixing

The CMC represented customers claiming more than £5m from the FSCS in claims against the husband’s former financial advice firm.

Road to Recover Class Action Proceeds Grows More Complex for Investors, Broadridge 2021 Global Class Action Annual Report Highlights

The Broadridge Global Class Action Annual Report offers an in-depth analysis of the 10 most complex class action recovery opportunities from 2020 involving financial instruments.

Government Regulation