07/28/2021
The International Stock Exchange - new Listing Rules
In order to increase TISEA's competitive position in respect of bonds issued under programmes, lifetime fees will be charged which will vary according to specific circumstances.
Government Regulation
07/28/2021
Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes
The CBI has made a number of key changes to Chapter 6 on 'Governance', placing the main focus on the board's responsibility in ensuring effective governance and AML / CFT compliance.
07/27/2021
Consumer protection: UK proposals point to increased enforcement risk
The proposals form part of a broader package of reforms, which include a number of planned changes to the UK’s competition law regime.
07/27/2021
The UK competition and merger control frameworks are set to change
The government is now consulting on its proposals to take forward some of the recommendations raised previously.
07/27/2021
Updates to European Facilities Agent Requirements
As a result of the pending regulatory updates, this function can now be performed by a single entity, without the need to appoint multiple agents in each relevant member state.
07/27/2021
Laundering of funds misappropriated from the Russian Treasury: closure of proceedings and partial forfeiture of assets
The forfeiture of a sum equivalent to more than CHF 4 million has, however, been ordered.
07/27/2021
IOSCO consults on ESG Ratings and Data Providers
To inform its work, IOSCO undertook a fact-finding exercise that revealed, amongst other risks and challenges, a lack of transparency about the methodologies underpinning ratings or data products and an often uneven coverage of products offered across ind
07/27/2021
Pensions and Climate change: the Pensions Regulator’s draft guidance
The DWP consultation on this statutory guidance has prompted tPR to produce its own, covering both its monetary penalties policy (as applied to non-compliance with the Regulations) and on the steps tPR expects schemes to take and report on in their annua
07/27/2021
Trust Essentials: July 2021
The past year has been a difficult and unsettling one for many.
07/26/2021
Ireland Update: Gender Pay Gap Information Act 2021
These requirements are likely to apply from 2022.
07/26/2021
Enforcing English judgments in the EU following Brexit
The guide looks in particular at recognition of judgments of English courts given under both exclusive jurisdiction clauses
07/26/2021
CSSF clarifies MiFID application to Luxembourg investment fund managers
Should this not be the case, and an IFM delegates one or more functions included in the collective portfolio management to another authorised IFM, or to a third-party, this exemption will not apply, and the IFMs that delegate part of their functions shall
07/25/2021
Old dog, new tricks - Complaints under the OECD Guidelines for Multinational Enterprises
While recent years have seen the non-judicial grievance mechanism established to hear complaints against multi-nationals under the Guidelines become increasingly prominent, there is still room for stakeholders to improve awareness and understanding of the
07/25/2021
KPMG Regulatory Horizons
The outlook for financial services regulation.
07/25/2021
Cross-border distribution of collective investment undertakings: implementation in Italy of EU rules
Most of the collective investment undertakings are sold in the home country of establishment and cross-border distribution is still too limited.
07/23/2021
European Commission Proposed Green Bond Standard
The proposed Regulation aims to make the EU's financial system more sustainable by creating a 'gold standard' for green bonds that can be compared to, and potentially aligned with, other market standards.
07/23/2021
Almost Time for Term SOFR
The different reference sources, day-count conventions, and publication calendars for Term SOFR and SOFR Averages are explained, and recommendations are given regarding key loan conventions.
07/23/2021
Triple Point ruling clarifies rights to claim liquidated damages for delay
In the Supreme Court’s view, the Court of Appeal’s interpretation of the liquidated damages clause in the contract between PTT and Triple Point had been wrong.
07/23/2021
Singapore and the UK commit new financial services cooperation
The two countries signed two agreements
07/23/2021
Caribbean Cayman Regulatory Update - Q3 2021
The BVI have introduced a new package of legislation to provide a robust framework for anti-money laundering