12/11/2023
Regulatory uncertainty persists for listed investment funds in the UK
It said that any future changes will be informed by consumer research, so as to deliver a regime that meets the needs of consumers.
Government Regulation
12/07/2023
A guide to JPUTs (Jersey Property Unit Trusts)
A Jersey Property Unit Trust (JPUT) is a legal structure whereby legal ownership of assets (primarily non-Jersey real estate) is vested in one or more trustees
12/07/2023
FCA consults on ‘long awaited’ overseas funds regime
The paper sets out details of the streamlined process and the way the FCA intends to use the powers provided by the regime.
12/06/2023
FCA to require investment advisers to set aside funds for redress liabilities
The proposals require firms to quantify an overall amount for all the potential redress liabilities they have identified, and to set aside sufficient capital resources to cover these liabilities.
12/06/2023
Full-steam Ahead for Mainland-Hong Kong Cooperation Mechanism to Recognise and Assist Insolvency Proceedings in Pilot Areas and Beyond
The petitioner then issued a summons to seek a letter of request for recognition and assistance pursuant to the Cooperation Mechanism.
12/06/2023
Migration to the Cayman Islands and the SEC private fund adviser rules
This update provides an overview of the types of entities that can be migrated into the Cayman Islands
12/06/2023
Guernsey funds legal and regulatory update December 2023
The States of Guernsey Policy and Resources Committee has issued guidance (here) on the application and scope of the new requirements.
12/06/2023
UAE adopts broad-ranging new e-commerce law
Its scope includes trading on websites, platforms, smart phone applications, social media, virtual stores and blockchain based platforms, and it places digital consumers’ rights and obligations at the centre of the new law.
12/06/2023
Public bodies and foreign policy in the UK
The effect of the Bill includes prohibiting procurement and investment decisions
12/06/2023
UK Government announces five-point legal migration plan
The Government have confirmed that this will not affect applications in the Health and Care visa route.
12/05/2023
HKEX proposes to end market closures during severe weather conditions from July 2024
The HKEX proposes that a SWT day will be a “business day” for the requirements and operations under the Listing Rules
12/05/2023
Construction firms must prepare for next wave of building safety reform
A new regulatory ‘gateway’ system for progressing new ‘higher-risk’ building projects through the planning, construction, and occupation phases is also now in place.
12/04/2023
The Corporate Transparency Act – Implementation for Investment Funds and Structured Finance
The CTA will have a significant impact on how most US and non-US entities are formed
12/04/2023
FCA proposes guidance on financial services anti-greenwashing rule
The guidance is set to provide clarification of its expectations for firms that makes claims about the sustainability of a product or service.
12/04/2023
Isle of Man Trusts and Trustees Act 2023 Update
Where a trustee is entering into a transaction with a third party as a trustee, and has informed that third party in writing that it is transacting as a trustee, then the trustee’s liability is limited to the value of the trust property.
12/04/2023
Guernsey funds legal and regulatory update December 2023
The Registry has issued a template for LP Incs to use when submitting their particulars of governance
12/01/2023
European Commission allocates €800 million for first Hydrogen Bank auction
The Innovation Fund has also opened its 2023 call for proposals with a €4 billion budget available for cutting-edge decarbonization technologies in various sectors, including CleanTech manufacturing.
12/01/2023
FCA publishes rules on sustainability disclosures
The Policy Statement covers investment labels, naming and marketing requirements as well as requirements for distributors in addition to the anti-greenwashing rule.
12/01/2023
Cooley Ranked #5 Overall on Law360 Law Firm Leaderboard
Firm ranked among top five for third consecutive year
11/30/2023
A Vision for Family Justice in England and Wales – we are at a crucial turning point
It's time to reconfigure our family justice system to suit all families facing relationship breakdown and to provide families with broader support, not just legal advice and advocacy.