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

Changes to UK electricity generator levy welcomed

The draft legislation also includes new details on how the tax will apply to joint ventures and groups, and a clarification on the practical consequences of paying the levy.

Expanding Singapore companies can hire more S Pass, work permit holders

The scheme is called Manpower for Strategic Economic Priorities (M-SEP) and was launched by Singapore’s Ministry of Trade and Industry (MTI) and the Ministry of Manpower (MOM).

New developments for E-1 and E-2 investors from Portugal and citizenship by investment passport holders

The E-1 is a nonimmigrant visa that allows a national of a treaty country to engage in international trade with the United States.

What next for public registers of beneficial owners?

The Channel Islands have carefully monitored these arguments for decades and have a strong history of meeting international standards relating to beneficial ownership.

Further OECD consultations on BEPS Pillars One and Two

The OECD has announced further consultations, including on the terms of a draft multilateral convention for the removal of domestic digital service taxes.

Pro Bono Client Receives Clemency — Just in Time for the Holidays

All-women team succeeds in achieving clemency for a 60-year-old survivor of domestic violence.

Dentons extends Trainee Principal role to include responsibility for Apprentices

Dentons also furthers its commitment to apprenticeships by participating in Legal Apprenticeships Pledge

Latham & Watkins Advises Terns Pharmaceuticals in Pricing of US$75 Million Public Offering

A capital markets team advises the clinical-stage biopharmaceutical company in the offering.

UAE central bank to launch instant payment platform

The CBUAE also emphasised the importance of financial institutions and eligible payment services providers to ensure their readiness to adopt the IPP in accordance with the approved action plan.

Regulator consults on overhaul of DB pension scheme funding regulation

Although the intervening period has brought pressure for TPR to change its approach in the light of unforeseen economic challenges – notably from Covid-19 and war in Ukraine – TPR has refused to be blown off course.

UK Pensions Regulator consults on new defined benefit funding code

The draft code, fast-track parameters and proposed regulatory approach have been released for industry feedback

IFC Investment to Boost Access to Finance for Green Housing in Romania

In Romania, access to housing finance is still limited, and IFC's financing will help develop the green housing loan market.

Proposed Reforms to the UK Securitisation Regulatory Framework

Although the regulators’ exact rulemaking approach is still under development, the majority of the rules currently in the UKSR are expected to be maintained in the FCA and PRA rules.

Brussels briefing paper: European Commission issues guidance on merger control submissions under Article 22 EUMR

For merging parties, the change raised the prospect of the Commission intervening in transactions that competition regulators in the EU would not have previously reviewed at all.

Cayman schemes – where are we now?

The scheme of arrangement of China Vast was approved by the Cayman Court and became effective on 5 December 2022,

FINRA Issues Targeted Exam Letter Regarding Crypto Asset Retail Communications

FINRA defines Crypto Assets as assets that are issued or transferred using distributed ledger or blockchain technology, and includes virtual currencies, coins and tokens.

‘Increased rigour’ in HMRC export controls enforcement since Brexit

The committees also said that data on criminal convictions for export control breaches should be published in the government’s strategic export controls annual reports in future.

FCA proposes overhaul of UK PRIIPs disclosure regime

These proposals, which formed part of the wider ‘Edinburgh Reforms’ package, would give the FCA formal responsibility for designing and developing new disclosure rules.

UK Treasury consults on Consumer Credit Act reforms

The move is part of a wider package of measures dubbed the ‘Edinburgh Reforms’ which the Treasury is proposing to take to streamline financial services regulation and promote investment and growth.

Tales from the Oriente: the first appointment of restructuring officers in the Cayman Islands

The Company is the parent company of a group (the "Group") which operates a leading financial technology platform providing alternative sources of credit to traditional retail banks for the unbanked and underbanked population of Southeast Asia,

Government Regulation