12/15/2023
Future financing – made in Germany – final
The standard provided for in the RegE for assessing the appropriateness of a chosen spending amount is incorporated into the law word for word.
Government Regulation
12/14/2023
Guernsey investment funds update - Q4 2023
Directors subject to the Director Registration Regime were required to register by 1 October 2023
12/14/2023
The new UK Fundraising Levy review
The proposed changes are expected to come into effect in September 2024 to give charities some time to prepare.
12/14/2023
Auld Lang Syne and Other Important End of Year Administration for BVI Business Companies
The restoration of a dissolved company can be an expensive process requiring an application to the BVI Court.
12/14/2023
Report calls for changes to arbitration appointments to avoid bias
The common biases in this context include stereotyping, recency bias – a cognitive bias that favour recent appointments over historic ones; affinity bias
12/12/2023
The British Virgin Islands and the Common Reporting Standard
The Global Forum has already completed its assessment of the AEOI legal frameworks
12/12/2023
EU AI Act deal reached by lawmakers
Limitations to and exclusions on the scope of the legislation have been agreed by the law makers
12/11/2023
UK financial regulators set out plans for ‘critical third parties’ regime
The paper builds on a policy paper issued by the UK Treasury last year.
12/11/2023
Hogan Lovells Caribbean Desk partners with Caribbean Council for successful business mission to the Bahamas
International trade and foreign direct investment are strategic priorities for the government
12/11/2023
IRS Warns About Employee Tax Credit Abuse
The rise in criminal actions due to abuse has led the IRS to seek whistleblowers and take enforcement seriously.
12/11/2023
Managing corporate crime risk under the Economic Crime and Corporate Transparency Act 2023
This guide provides a summary of the reforms and their significance.
12/11/2023
Government net migration plans ‘squeeze’ legal immigration routes
The outlines plan also includes tighter rules for health and care visa workers who will no longer be able to bring dependants to the UK.
12/11/2023
FCA publishes credit report proposals to ‘increase transparency’
The proposed changes follow a long running study that examined how the credit information market operates
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.
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.