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

Immigration and Nationality fee increases to begin October 2023

The new fees come into effect from 4 October 2023.

EU Removes the Cayman Islands from EU AML List: Considerations for Clients

The Regulation will come into force on 7 February 2024, resulting in the official de-listing of the Cayman Islands from the EU AML List on such date.

Bitcoin ETF approvals come with stark warning from SEC Chair

Cryptocurrency enthusiasts hope this decision signals a broader adoption of cryptocurrency in the United States.

Ruling confirms conditions for planning permission severability

It can be advantageous for developers to have planning permission that is severable

Crown Dependencies Retain Data Protection Adequacy Status

The adequacy decisions under review were initially made on the basis of data protection legislation preceding the GDPR

Central Bank of Ireland Letter on 2022 ESMA Common Supervisory Action on Asset Valuation

The Letter should be brought to the attention of the boards of FMCs and appropriate action taken without delay.

Cohabiting couples: is reform on the horizon?

The current legal position for cohabitating couples can leave one party at a significant disadvantage and vulnerable on separation.

Supporting clients to seize Korea’s substantial opportunities

Through the JV, the team will be able to provide integrated Korean and cross-border transactional and advisory legal advice to clients

Housing policy must better reflect economic and social reality in 2024

The current broad framework promoting housing delivery is primarily shaped around the concept of home ownership.

UK Pensions Regulator’s new code of practice offers more flexibility for schemes

The changes will likely take time to implement

EU court rules on VAT treatment of director fees

The VAT authorities already open the door for introduction of claim to obtain the reimbursement of the VAT wrongly paid.

ESMA consults on EU securitisation disclosure templates

UK regulators the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), previously consulted on new UK rules for securitisation transactions

New CIETAC arbitration rules aim to improve ‘effectiveness and efficiency’

Jurisdiction rules have been expanded by the 2024 update.

Allen & Overy advises lenders on the Damietta port project in Egypt

The port of Damietta is strategically situated close to the Suez Canal, with direct road connections to Cairo, Alexandria, and the Nile Delta

EU Data Act entering into force ‘should spur business action’

The Data Act provides for both business-to-consumer and business-to-business data sharing in respect of data obtained, generated, or collected by connected products or from related services.

UK advertising regulators issue update on body image and enhancement review

The CAP and BCAP will confirm this spring whether the existing protections offered by current codes and guidance adequately address the possible harms arising from digitally altered body parts and proportions depicted in advertising.

2023: Review of the Guernsey property market

It is important to remember that, owing to the more limited stock, prices on the Open Market are subject to greater fluctuation than the local market

IT incident reporting rules updated for Luxembourg financial services

Luxembourg-based technology law expert Aurélie Caillard of Pinsent Masons said more incidents will be reportable under the new rules

Irish High Court quashes regulator’s decision implementing EU clean energy regulation

The High Court ultimately concluded that the SEM Committee had “overreached its role as regulator and took a misguided approach to implementing the Regulation”.

EU Advocate General: Austrian anti-doping committee GDPR compliant for publishing decision

Although an AG's opinion is not binding, it will often be followed by the CJEU.

Government Regulation