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Hong Kong audit regulator says it expects full compliance with laws and regulations

The interim provisions, which came into force on 1 July 2015, prevent foreign auditors from auditing mainland Chinese companies

Basel Committee on Banking Supervision consultation on principles for sound management of third-party risk

They address the increasing digitisation and rapid growth of financial technology, which has increased banks' reliance on third-party service providers.

Essential guide to the EU Artificial Intelligence Act and what it means for Guernsey

The regulation of high risk / unacceptable risk AI systems is to be welcomed to the extent that it safeguards the consumer and leads to greater transparency concerning its use.

Bermuda: Securing Regulatory Compliance

Since coming into force in December 2019, the Economic Substance Act 2018 (ESA 2018) requires Bermuda registered entities that carry on certain ‘relevant activities’

UK Changes Rules for Mergers and Introduces Digital Markets Regime

Additional changes impact other sectors.

Stronger competition penalties prompt CMA policy review

The CMA is legally required to publish a statement of policy setting out its approach to imposing administrative penalties

Irish Central Bank tests for ‘fitness and probity’ clarified

The review also touches on the tone of interviews, stating that they should be conversational and non-confrontational, with a suggested time limit of 90 minutes.

King’s Speech: GB Energy 'will help secure UK energy independence’

The UK government said, in the King’s Speech announcing its legislative programme, that a new publicly owned energy company, GB Energy, will “own, manage and operate clean power projects” across the UK.

Singapore ruling sheds light on early dismissal procedures under SIAC rules

As the arbitration community seeks to promote efficiency of arbitral proceedings, early determination proceedings such as the application for early dismissal are likely to become more prevalent.

Regulation or Prohibition? This Is How AI Should Work in Education

Mr. Romero highlighted that the use of AI in the educational framework has the potential to reduce technological gaps between countries.

King’s Speech: Labour’s ‘missions’ shape ‘packed’ UK legislative agenda

The measures were trailed in the King’s Speech – a set-piece parliamentary event during which the UK head of state outlines the UK government’s legislative agenda for the next parliamentary session.

Australian employers must consider new obligations ensuring workplace delegates’ rights

This means that all employees covered by a modern award will have the right to be represented by a union delegate in a range of workplace matters.

Guernsey poised to benefit from new LSE rules to boost growth and innovation

The introduction of new listing rules to boost demand for listing activity in the UK is expected to directly benefit Guernsey as the leading domicile of choice for non-UK companies listing on the London Stock Exchange.

Does the UK Online Safety Act regulate AI?

ChatGPT, like other AI technologies, is subject to a variety of legal and regulatory frameworks, though it may not be regulated by specific laws targeting AI directly.

Asia-Pacific employers must consider diversity, equality and inclusion requirements

Employers should ensure they have a comprehensive and up-to-date list of protected attributes which apply for the purposes of anti-discrimination laws

UK Government Lifts Ban on Onshore Wind

The new government has now revised the NPPF so that these two footnotes no longer apply.

CMA issues draft compliance advice for trader recommendation platforms

The draft guidance builds on the CMA’s ongoing work around greenwashing, online choice architecture, and online pressure selling tactics.

Updated criteria makes SCARP an option for a larger number of Irish companies

SCARP, which was introduced in 2021, aims to provide a cost-effective restructuring option for viable but insolvent companies.

Embracing the Future: Seychelles Introduces the Virtual Asset Service Providers Bill, 2024

The Virtual Asset Service Providers Bill, 2024, marks a significant milestone in Seychelles’ journey towards a secure, transparent, and innovation-friendly virtual asset ecosystem.

Malaysia’s anticipated open access power grid regime could pose challenges

Open access will also impact the pricing mechanism for the current Corporate Green Power Agreements

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