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

Colluding bidders for UK public contracts risk debarment in 2025

The debarment regime provides for the notification of businesses of the intention to designate them as ‘excluded’ or ‘excludable’ suppliers

BVI Approved Managers and Approved Funds: Upcoming Filing Deadline – 31 January 2025

BVI Approved Managers are required to file an annual return with the BVI Financial Services Commission (the “Commission”) by 31 January 2025

The Legal 500 Real Estate Country Comparative Guide - Jersey

Once passed before the Royal Court, the contracts are registered in the Public Registry of Jersey and are thereafter available for public inspection.

HMRC reminds charities of VAT treatment for non-business income

HMRC acknowledged in its letter that “this can be a complex area of tax”. It suggested that charities “may want to ask an adviser for help”.

Beneficial ownership information developments in the BVI

With the new requirements in effect from 2 January 2025, there is now a statutory obligation for all BVI companies

Carbon credits, crypto, cannabis and defence tech: Navigating regulatory challenges for investing in sensitive assets in Jersey

Jersey has a good track record in considering and granting approvals in respect of fund vehicles

2024 Amendments to the BVI Business Companies Act

The Amendment Act clarifies the definition of beneficial owner

Irish third country investment screening regime takes effect

It is a criminal offence to complete or take steps to complete a notifiable transaction prior to the minister issuing a clearance decision

UK financial services will see a year of change in 2025

Some of the changes will merely pull former EU law properly into UK regulatory rulebooks with minor tweaks, but other proposals are new and significant and include a number of new regulated activities.

Update on BVI Business Companies (Amendment) Act and BVI Business Companies and Limited Partnerships (Beneficial Ownership) Regulations

Certain of these Amendments are to be amplified in BVI Business Companies Regulations to be brought into effect at a later date.

Italy - Amendments to the Web Tax

During the discussions on the 2025 Budget Law, the Italian legislator initially proposed removing these thresholds, raising concerns among small and medium enterprises.

Mourant FinReg Update - Guernsey October to December 2024

The UK Takeover Panel has published a draft amended Takeover Code

Using Jersey for your UK REIT

Jersey's Companies Law is more flexible in certain aspects than its UK counterpart

Jersey Private Fund Regime - Key Requirements and Eligibility

Funds qualifying under the JPF regime will receive approval within 48 hours

BVI Business Companies Act and Beneficial Ownership Regime Changes in Force 2 January 2025

The Amendments came into force on 2 January 2025 and a six-month transitional period applies for existing BVI companies.

Ireland’s CCPC confirmed in EU Data Governance Act role

Legislation has now been implemented in Ireland to designate the CCPC as its competent authority under the DGA.

Skills England must deliver the change UK employers need

The government’s plans for an overhaul of the existing apprenticeship levy system comes at a time of growing scrutiny of the current levy.

Qatar arbitration boosted with QICCA rules update

This update aligns with the trend towards greater transparency in international arbitration

FCA plans product information reforms for consumer composite investments

Regulations to underpin the operation of the new CCI regime were made on 21 November 2024.

Changes to the BVI business companies regime in force

Changes to the BVI business companies regime introduced, the BVI Business Companies (Amendment) Act

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