07/19/2021
Finally, the CSSF has highlighted the non-application of the article 28-4 of the LFS to professionals carrying out activities whose taking up and pursuit are governed by special laws, including notably UCIs, SIFs, pension funds, SICARs and securitisation
07/19/2021
The Law Commission previously reviewed the law in this area in 2010 and found that there was "no pressing need for reform of the identification doctrine"
07/18/2021
The policy statement contains important messages for listed company boards and senior management on the regulatory expectations for those responsible for Listing Rule compliance.
07/16/2021
The Prospectus Regime Review consultation takes forward the UK Listing Review Report's recommendation that the government carry out a fundamental review of the UK's prospectus regime.
07/16/2021
This is particularly the case considering the issuance of the Bank of England’s, FCA’s and PRA’s joint discussion paper on diversity and inclusion in the financial sector in July 2021.
07/16/2021
The amendments move the BVI's trusts regime into line with, and in certain aspects ahead of, its competitor jurisdictions in the offshore trusts marketplace.
07/16/2021
The FCA intends to be more proactive at the edges of the so-called ‘regulatory perimeter’
07/16/2021
This guidance note will be useful for commercial lawyers and professionals involved in corporate transactions.
07/16/2021
Limited partnerships without legal personality should also prepare for the DPA as they may fall within scope by virtue of being 'established' in the BVI.
07/16/2021
This will commonly be some form of serious bad faith or impropriety on the part of the director, causatively linked to the applicant unnecessarily incurring costs in the litigation.
07/16/2021
For the avoidance of any confusion, it does not discuss the recent adoption of intra-EEA controller to processor standard contractual clauses under Article 28(7) of the GDPR.
07/16/2021
The SEC filed a separate litigated action against Kokorich.
07/16/2021
New ESMA guidance less strict than the established UK position on PFOF.
07/15/2021
This expansion of the regime’s scope necessitated amendments to certain key terms in the Schedule to the ES Act (e.g. broadening of the definitions of “entity” and “relevant entity”) and the addition of new terms.
07/15/2021
The changes will be introduced on a staggered basis, beginning with larger employers.
07/15/2021
This means that where an individual held shares in a company incorporated in the BVI, the grant of representation will be required in order to deal with those company shares.
07/15/2021
Other notable developments include the CSSF’s updated guidance on granting loans to the public and updates to its UCITS and AIFM FAQs, the publication of a Circular on remote working as well as further EU sustainable finance developments.
07/15/2021
The Taxonomy Regulation sets out a classification of economic activities as environmentally sustainable.
07/15/2021
The Revenue Service will now have the power to enter any business premises to inspect the premises and any documents therein.
07/14/2021
Legal persons providing crowdfunding services are now expressly excluded from the provisions of the Investment Services and Activities and Regulated Markets Law 2017, as amended.