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FCA fines auditor for failing to flag fraud suspicions

This is the first time the FCA has fined an audit firm.

UK competition law investigations: What are the CMA's new powers?

Where the CMA provides investigative assistance to an overseas regulator, the general principle to be applied is that the CMA must use the powers it would normally exercise in relation to its own functions.

EU sanctions extended to non-targeted persons and aligned with US ‘ownership’ test

The guidelines are important for EU operators in the complex landscape of sanctions compliance.

Luxembourg: A Flexible EU Securitisation Regime

Luxembourg has long been a preferred jurisdiction for securitisation transactions with one of the more flexible frameworks in the European Union (“EU”)

Ogier Global's new CSSF Fund Administration licence and its impact

The acquisition of this licence should bring many benefits to Ogier Global.

Anti-greenwashing: UK firms gearing up for new FCA rules and guidance

Moreover, wealth managers, planners and financial advisers must also ensure that, when engaging with clients, the sustainability-related claims they make are clear

Pentagon Releases Key CMMC Contracting Rules

The new rule will amend the Defense Acquisition Regulations Supplement (DFARS) to include a provision about CMMC

Cayman Permits Disapplication of Rule Against Perpetuities

STAR trusts have never been subject to the rule against perpetuities and that will remain the case.

Processor fine proposed in UK GDPR first

The ICO’s said in its statement that no conclusion should yet be drawn that there has, in fact, been any breach of data protection law

Delaying UK APP fraud compensation scheme ‘may be considered prudent’

Earlier this month, the PSR reported there were 252,626 cases of APP scams across the UK’s 14 largest banking groups

European Commission adopts Regulatory Technical Standards on the ELTIF Regulation

The Commission's adoption of the RTS follows a public consultation and ESMA's final report on the draft RTS in 2023.

Cayman Islands exempted companies - Directors' duties and liabilities

The Cayman Islands Monetary Authority has also issued various regulatory measures which are instructive for directors of Cayman Islands regulated funds.

UK proposes New Cyber Security and Resilience Bill to Boost the UK’s Cyber Defences

The King’s Speech also addressed the UK Government’s intentions towards establishing legislation to regulate the development of artificial intelligence (AI).

EU Governments Sign-off Proposed Reforms to GDPR Procedural Rules and Council Reaches Common Member States’ Position

The proposed reforms, first tabled in July 2023, are designed to streamline and improve the efficiency and harmonisation of GDPR enforcement actions.

Privacy and Data Protection Compliance in Bermuda

Conyers is here to assist you with privacy and data protection matters to ensure your organisation’s compliance with PIPA in advance of this deadline.

Irish competition authority to play EU Data Governance Act role

Last month, the European Commission announced that it had opened infringement proceedings against Ireland in respect of its compliance with the EU Data Governance Act (DGA).

Ropes & Gray’s Investment Management Update June – July 2024

Therefore, for investment advisers, compliance with the Rule is now especially salient.

German Federal Fiscal Court Confirms Tax Treatment of Carry Income as Disproportionate Profit Allocation

Historically, the beneficial taxation was acknowledged by German tax authorities strictly within the limits of Section 18

Is your organisation PIPA ready?

The Privacy Commissioner has been responsible for developing and maintaining Bermuda’s data privacy regime.

UK crypto firm fine highlights regulatory agreement breach perils, say experts

Jonathan Cavill and Sébastien Ferrière of Pinsent Masons were commenting after the FCA fined CB Payments Limited (CBPL) more than £3.5 million.

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