04/06/2023
FCA releases 2023/24 Business Plan
In this blog, we extract key activities which the FCA has in plan for 2023/24 that are expected to have an impact on firms.
Government Regulation
04/05/2023
Employer Compliance – Spring Statement 2023 update & Reporting Employment Related Securities
Currently employers are required to notify HMRC within 92 days of grant – a deadline which can easily be missed but which HMRC take very seriously.
04/05/2023
Central Bank Updates its Q&A on Digital Assets for QIAIFs
The revised Q&A does not change the Central Bank’s position in relation to retail investor alternative investment funds
04/05/2023
Advocate general: German credit agency scoring breaches GDPR
The Administrative Court of Wiesbaden in Hesse, Germany, has referred three disputes involving SCHUFA to the EU’s highest court, which is expected to issue its judgment in the coming months.
04/05/2023
UK pensions regulator focuses on scheme diversity with new guidance
The new guidance will push the EDI requirements onto their agenda for this year”.
04/05/2023
Withers responds to the Charity Commission consultation on its draft social media guidance
The aim of the new guidance is to help trustees improve understanding in this area and to help build trustee confidence, as well as to encourage charities to adopt a social media policy.
04/05/2023
Channel Islands Funds Quarterly Update: Q1 2023
The deadline for registration in respect of existing circumstances passed on 1 September 2022
04/05/2023
Law Commission announces review of English commercial leasing rules
The Law Commission said it aims to publish a consultation paper on the review by December 2023.
04/04/2023
Jersey fund structures
A JLP/SLP/ILP consists of one or more general partners who are jointly and severally liable for all the debts of the partnership and one or more limited partners
04/04/2023
Guide on conducting an out-of-court workout in Asia
One way of dealing with insolvency is a private agreement between creditors — often just banks and bondholders — and the debtor to effect a restructuring.
04/03/2023
CP153: CBI Consults on Individual Accountability Framework as Act Becomes Law
The main requirements of the IAF Act will not come into force until after this consultation process has concluded.
04/03/2023
Dentons’ partners approve combination with PJS Law in the Philippines
Bringing together two firms that prioritize exceptional client care and are committed to inclusion and diversity
03/31/2023
Central Bank of Ireland Findings Following EU Review of Costs and Fees in UCITS
The Central Bank expects the letter will be reviewed by the boards of UCITS management companies (and AIFMs) and appropriate action taken without delay.
03/31/2023
First Reading of the Financial Services and Markets (Amendment) Bill 2023
At the heart of the proposed amendments is the provisions setting out the initial phase for COSMIC which will be on a voluntary basis.
03/31/2023
Developers can take confidence from latest UK nuclear policies
The NPS are documents that guide decision-makers on the application of government policy when determining applications for development consent for nationally significant energy infrastructure under the Planning Act 2008 regime.
03/31/2023
The UK updates its sanctions guidance on “ownership and control” and sets out its due diligence expectations
Under UK sanctions, asset freeze restrictions attach not only to expressly designated persons or entities but also to entities that the designated person “owns” or “controls”.
03/31/2023
Isle Of Man FSA Introduces A New Predominantly Industry - Funded fee model
The move to a PIFM will represent a substantial change to the FSA’s fee structure, where the FSA is currently funded by approximately 56% fee revenue and 44% Treasury contribution.
03/31/2023
A round-up of the recent updates affecting investment funds in Guernsey
The UK Government created the TRS in 2017 to ensure that the UK complies with its international obligations to counter money-laundering and terrorist financing.
03/30/2023
Management Equity Incentive Plans - Key Considerations
Equity plans can assist in attracting, motivating and retaining staff which are some of the critical challenges many businesses face.
03/30/2023
Eight CCUS projects progress to UK negotiations
A further round of funding via the HPBM and NZHF is to open later this year.