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

Legal advice rights written into UK Russian sanctions law

Other clarifications made in the new regulations include to the definition of legal advisory services

EU policy businesses can expect to see this autumn

The Council of Ministers provided an insight into how this process might work in June

Cayman Islands beneficial ownership – Steps guide

In this case, the entity is not required to report its registrable beneficial owners and there is no need to continue with further steps in this guide.

Third Time Was the Charm: FinCEN Finalizes AML Compliance Requirements for Certain Investment Advisers

In this Legal Update, we discuss these differences and potential impacts to investment advisers in advance of the Final Rule’s January 1, 2026, compliance deadline.

A change in government, and a change in the Section 21 eviction timetable

The previous incumbent Conservatives had been content to acknowledge that something needed to be done

Illinois Passes Artificial Intelligence (AI) Law Regulating Employment Use Cases

The amendment also covers generative AI (i.e., AI that is capable of generating text, images, audio, videos, or other content that would otherwise be produced by humans).

Planned water law reform 'risks delaying environmental action'

The Bill sets out a raft of measures centred around addressing the risk of pollution of rivers, lakes and seas arising from the activity of water companies in England.

UK payment firms’ APP fraud compensation cap reduced to £85,000

The previous maximum reimbursement value of £415,000 proposed by the PSR was in line with the FOS’s maximum reimbursement limit at that time.

High Court will take pragmatic approach to protect crypto fraud victims

The court considered whether the claimant had a good reason for serving its claim

Four Months to Go: Key Steps to Implement DORA

Major’ ICT-related incidents must be reported to their relevant national competent authority within prescribed timeframes.

Saudi Arabia issues implementing rules on exporting personal data

Similar to the General Data Protection Regulation (GDPR) in the UK and EU, personal data can only be transferred to countries that provide an adequate level of data protection.

Dutch DPA fines US-based facial recognition company for GDPR breach

Clearview has also collected faces of UK citizens and has been fined for this by the UK data protection authority

ICLG Alternative Investment Funds 2024: Cayman Islands

Grant Dixon, Andrew Keast and Stephen Watler provide an analysis of the laws and regulations of alternative investment funds in the Cayman Islands.

New tokenisation guidance published by the Jersey Financial Services Commission

The Commission (JFSC) has also updated its guidance on initial coin / token offerings

Dutch Media Authority issues first fine to influencer over recognisability of ads

The Dutch authority’s decision also highlighted the fact that influencers cannot use the excuse of a “barter deal” for non-compliance with this requirement.

New Qatari enforcement law adds certainty for executing judgment debts

The enforcement court replaces the previous enforcement department under the Civil and Commercial Procedures Law.

UK Autumn Budget – What might happen to Capital Gains Tax?

Questions have been raised as to whether this £20bn hole was in fact a surprise, or whether it has been created by the new government's policies

How the UK public sector can avoid judicial review of its use of AI

The UK courts may step in to regulate these functions, where claims are brought under their judicial review jurisdiction.

Jersey Occupational Pension Schemes: Applications for Approval and Notice Requirements

The Comptroller will also give notice in writing when approval is not given to a scheme.

Constructs in industry loss cat bonds

ILS investors favour them because, unlike catastrophe bonds which use an indemnity trigger

Government Regulation