09/25/2023
FCA sets out priorities for life insurance to 2025
The FCA published recent guidance to support firms in getting closer to the advice/guidance boundary in an effort to support customers.
Government Regulation
09/25/2023
Privy Council provides update on setting aside judgments and settlements for fraud
The Privy Council stressed that a party to new proceedings should not be permitted to raise in those new proceedings matters which should and could have been raised in earlier proceedings.
09/22/2023
Peers seek balanced policies on development and the environment
Planning law experts Robbie Owen and Jan Bessell of Pinsent Masons provided evidence to the inquiry.
09/22/2023
Sunak softens UK policy amidst ‘cost’ of delivering net zero
The policies had been outlined as part of a broader package of measures with a view to supporting the UK’s transition to a greener economy.
09/22/2023
Home Office publishes new Statement of Changes to the Immigration Rules, effective from 28 September 2023
Various changes have been made
09/22/2023
Doron Goldstein featured in the Wall Street Journal
Though the SEC isn't the only regulatory or governing body with rules around incident reporting, their rules are likely to be more comprehensive.
09/22/2023
The UK’s Online Safety Bill: what next for online service providers
The legislation is controversial, but it is now here to stay and requires business action.
09/21/2023
Cayman Islands’ Corporate Governance Rule and Internal Controls Guidance and Rule
Conyers will be able to advise further actions to be taken where gaps or deficiencies are identified.
09/21/2023
PFAS: businesses advised to input into chemicals regulation consultation
In essence, the proposed restriction would ban the manufacture, placing on the market and use of PFAS above a set concentration limit
09/21/2023
US biotech wins preliminary patent injunction in UPC first
Any appeal brought by NanoString Technologies would be before the UPC Court of Appeal in Luxembourg.
09/20/2023
New FCA gateway for firms approving financial promotions in the UK
Under the new regime, an approver will be required to file regular notifications to the FCA and all approvers will be subject to bi-annual reporting requirements.
09/20/2023
The Commercial Entities (Substance Requirements) Act, 2023
CESRA mandates that all Registered Agents must submit this report to the Ministry of Finance within nine (9) months of an entity’s fiscal year-end.
09/19/2023
UK and Ireland strengthen energy cooperation with new agreements
Under the terms of both MOUs, the UK and Ireland will hold bi-annual meetings, with their respective ministers periodically convening to assess progress and discuss challenges.
09/18/2023
Irish competition regulator warned six firms of obligations in 2022
But competition law enforcement activity was limited to those six warnings and an ongoing investigation into alleged bid-rigging of tenders for school transport.
09/18/2023
GDPR fine imposed on TikTok
The DPC’s investigation looked at how TikTok’s settings were configured for child users, the company’s age verification procedures, and the information it provided for children.
09/18/2023
The potential of Collective Defined Contribution pension schemes
This collective investment management means that trustees of the fund have more freedom to invest in high-risk assets which may provide higher investment returns.
09/18/2023
The rule in Hastings-Bass under Cayman Islands’ statute
The Court will intervene to protect the interests of the innocent beneficiaries of the trust by setting aside the exercise, whether or not the beneficiaries might also have causes of action against the trustees or their advisers.
09/18/2023
SIAC commences consultation on revisions to its arbitration rules
The Consultation Draft proposes significant changes to the existing 6th Edition of the SIAC Rules.
09/18/2023
UK GDPR fines could be linked to NCSC engagement
Davey said that it is important for businesses to understand the full implications involved in making a ransom payment
09/15/2023
Updated Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing in the Cayman Islands
The Updated Guidance Notes replace the previous version issued by CIMA on 5 June 2020, as supplemented in February 2021 and May 2021.