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

Family Offices Receive Increased Regulatory Scrutiny

Review of the family office exemption could be addressed in several ways.

BMA Introduce 'May 2021 Guidance' for Digital Asset Business

The Bermuda Monetary Authority (BMA) recognizes the importance of actively monitoring its laws and regulations to ensure harmony with the undertakings which it regulates.

New independent group to help tackle ‘greenwashing’

The Green Technical Advisory Group (GTAG) will provide independent, non-binding advice to the Government on developing and implementing a green taxonomy in the UK context.

EU standard contract clauses bolstered for international data flows

The SCCs can be inserted into commercial contracts.

European Commission adopts new tools for safe exchanges of personal data

The Commission can adopt standard contractual clauses for the relationship between controllers and processors, as a tool to help to demonstrate compliance with the GDPR.

DBS issues first tokenised bond on digital exchange

DBS' current transaction combines existing legal and tax infrastructure requirements with a direct issuance on the digital exchange in smaller lot sizes, according to a report.

Subscription Line Finance – Irish Funds

This article sets out an overview and comparison of the most common regulated and unregulated Irish fund types

Climate Change: A Board Level Consideration

In this update we consider the duties of Guernsey directors in relation to climate change as part of Guernsey Green Finance's Sustainable Finance Week 2021.

HMRC confirms that donations made by waiving a refund or loan repayment are eligible for Gift Aid

HMRC has now made a further important update to its detailed guidance notes in relation to what it considers a donation, and what types of donation are eligible for Gift Aid.

Five steps to business continuity in UK financial services – managing third party risk

When disruption occurs, it is important for effective crisis communication measures to be put in place

ASIC permanently bans Sydney financial planner

To prevent future harm to clients of financial services businesses.

Well Connected

The most recent development — which spans across personal data protection, investor protection and mitigates against money laundering, should be taken into careful consideration by those who plan to make use of the Wealth Management Connect scheme.

AML and Brexit: golden opportunity or time to close the vault?

Lawyers are encouraged to undertake risk assessments for each client, basing their judgement on a holistic consideration of multiple factors.

Gibraltar regulator restructures amid surge in financial firm applications

This is the latest step in our approach to improving stakeholder engagement."

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.

Government Regulation