03/19/2020
Sweden ditches amortisation requirement in response to Coronavirus
The requirement has been designed in such a way that banks and borrowers can agree on an exemption from the requirement given special grounds.
Legal, Regulation & Compliance
03/19/2020
FCA sets diversity example
Looking internally, the FCA has a number of targets for diversity on their senior leadership team.
03/19/2020
FCA statement on property fund suspensions
Suspensions can be used by managers of open-ended funds
03/19/2020
ESMA opinion on French short selling ban
The ban applies to transactions executed both on a trading venue or over the counter.
03/19/2020
BVI Norwich Pharmacal relief: an international problem resolved
In the first written judgment on the issue delivered on 10 March 2020, Wallbank J declined to follow the recent English decisions and confirmed the availability of this relief in the BVI.
03/19/2020
COVID-19 – Immediate actions for pension scheme sponsors and trustees
To help sponsors and trustees address these challenges we have included a checklist of immediate issues to be addressed.
03/19/2020
SJP and Quilter on working practices during Covid-19
SJP’s partners are very used to using technology in their day-to-day business and tailoring how they operate to the requirements of their individual clients, so will continue to remain flexible in what they can offer, including remote and telephone
03/19/2020
Implementation of Cape Town Convention in Bermuda
The Bermuda International Interests in Mobile Equipment (Cape Town Convention) Act 2016 (the Cape Town Convention Act) gives effect to the Cape Town Convention in Bermuda and came into force along with the convention on 1 January 2018.
03/19/2020
Senate approves coronavirus stimulus: Next stop – White House
The JCT has also released a technical explanation of the credit provisions.
03/18/2020
Chancellor announces additional support to protect businesses
The Chancellor Rishi Sunak today announced unprecedented support for business and workers – to protect against the economic emergency caused by the coronavirus.
03/18/2020
Government’s remote working push is no excuse for funds to underperform
Technology set to aid fund managers during coronavirus isolation, although idea generation could suffer
03/18/2020
Chancellor to issue £330bn backed loans to help businesses amid coronavirus
Sunak said people who are in financial difficulty due to coronavirus, mortgage lenders will offer a three-month mortgage holiday.
03/18/2020
FCA notice: Temporary prohibition of short-selling; statement on notification changes
This measure is effective immediately on 17 March 2020 until the end of the trading day on 17 March 2020.
03/18/2020
COVID-19: FCA information for firms
Our rules give firms the ability to consider their arrangements and customers’ circumstances.
03/18/2020
Janus Henderson suspends property fund as Covid-19 takes toll
The firm’s UK Property fund becomes the second Coronavirus casualty.
03/18/2020
ESMA and CSSF guidance on the impact of COVID-19 on financial markets
Both ESMA and the CSSF have stressed the importance of maintaining an ongoing and active cooperation between national and European competent authorities.
03/18/2020
Second property fund suspended amid Covid-19
Janus Henderson said: “Given this uncertainty, the board...has decided to temporarily suspend dealings in the Janus Henderson UK Property fund and its associated feeder fund to protect the interests of all investors.
03/18/2020
PFS warns of Mifid 'workload pressure' under coronavirus
Markets have seen some of their biggest daily declines in 30 years as countries close borders and introduce lockdowns to curb the coronavirus crisis.
03/18/2020
Mourant named 'Best Offshore Law Firm' by Private Equity Wire
"We’re honoured to have been named the leading offshore law firm for private equity work, and we're proud that our fully-integrated global team’s consistent strength and capability has been recognized by industry peers.”
03/17/2020
EU shuns UK call for quick agreement on financial services
The fresh row highlights the City's fears its bankers could be blocked from conducting business in Europe after Brexit.