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

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.

UK litigation funding bill delayed until summer 2025 at the earliest

Lord Ponsonby, parliamentary under-secretary for the Ministry of Justice, confirmed the position in a recent answer to a question posed in the House of Lords.

Private Capital – Moving into Calmer Waters?

Small-state IFCs continue to play a pivotal role in attracting a large share of private capital cross-border business due to implementing several strategic measures

An introduction to the Cayman AML/CFT/CPF regime

Failure to comply with the requirements of Sections 2B or 2C of the PFPA is an offence

Update on changes to the beneficial ownership regime in the Cayman Islands

Many Legal Persons that were previously out of scope or exempt will now need to identify their registrable beneficial owners

Universities face uncertainty as ‘freedom of speech’ act put on hold

Once the Act is in force, higher education institutions (HEIs) in England will face increased obligations

Queensland case underscores regulators’ powers in work health and safety investigations

Inspectors are free to seize any information they can while investigating suspected safety breaches.

Government Regulation