07/17/2020
Switzerland and Malta sign protocol of amendment to their double taxation agreement
The cantons and the business circles concerned have welcomed the conclusion of the protocol of amendment.
Legal, Regulation & Compliance
07/17/2020
Carey Olsen partners contribute Cayman, Guernsey and Jersey chapters to latest edition of International Estate Planning: A Reference Guide
It is also testament to our standing among offsore law firms in this practice area that Keith and I were chosen to provide both chapters for the Channel Islands and Bernadette was selected to do the same for the Cayman Islands.
07/17/2020
Treasury Committee to investigate options for raiding the piggy bank
Rishi Sunak will be looking at what is necessary, but also what is palatable to his party and what can be legislated for and implemented in good time.
07/17/2020
Baker McKenzie announces London Office move to the heart of the City
Moving into the heart of the City of London represents our long-term commitment beyond COVID-19 to retaining an office base in what is an incredibly important financial centre to the Firm.
07/17/2020
State Aid: Commission recommends not granting financial support to companies with links to tax havens
The aim of the recommendation is to provide guidance to Member States on how to set conditions to financial support that prevent the misuse of public funds and to strengthen safeguards
07/17/2020
CP86 compliance: can you prove it?
Strong governance is undoubtedly in the fund industry’s best interest; few would argue otherwise.
07/17/2020
Year 'dominated' by FCA shortcomings as 205 complaints made
The commissioner received 205 complaints against the FCA in the year 2019/20, 29 of which alleged it had failed to regulate the financial services industry properly.
07/17/2020
Financial services legislation under the EU (Withdrawal) Act 2018
This work involves making statutory instruments (SIs) under the European Union (Withdrawal) Act to prevent, remedy or mitigate any failure of EU law to operate effectively after the UK leaves the EU.
07/16/2020
ECB’s pledge to encourage bank mergers is falling on deaf ears
M&A rumours make for good gossip but lenders are better off focusing on self-improvement
07/16/2020
Technical consultation: Fifth Money Laundering Directive and Trust Registration Service
A significant majority of respondents agreed with the list of trusts that were proposed to be out of scope of registration
07/16/2020
Landmark Pension Schemes Bill proceeds to House of Commons
Measures to protect savers and the climate are at the heart of the government’s Bill.
07/16/2020
Covid-19: FCA updates guidance and rules on motor finance, HCSTC, RTO, BNPL and pawnbroking
The FCA has also updated its webpages entitled 'Dealing with financial difficulties during coronavirus: information for consumers' and 'Coronavirus: information for consumers on personal loans, credit cards, overdrafts, motor finance and ot
07/16/2020
UK Government welcomes announcements by eight Overseas Territories to tackle illicit finance
Foreign Secretary welcomes the move by the Overseas Territories as a major step to improve corporate transparency.
07/16/2020
Feifa partners with asset manager for European ESG push
Members will get a discount on its 0.4% annual management charge
07/16/2020
Italian Banca Ifis enters the German market in partnership with Raisin
The partnership enables Banca Ifis to extend its banking offers across borders and into Germany, diversifying its funding streams, thanks also to the use of an already operational digital retail banking infrastructure.
07/16/2020
Shareholder Rights Directive – Your Questions Answered
There are several key sections for intermediaries to focus on when preparing for compliance with SRD II.
07/16/2020
Foreign Investment Screening: UK National Security and Investment Bill – Striking a delicate balance
The Government announced the National Security and Investment Bill in December 2019 and it is soon to be published.
07/15/2020
Harneys recognised as “the obvious choice” in Chambers HNW Guide 2020
Another offshore source noted “they are a very reputable firm and you know you will be in good hands with them; they are a very well-known name in the offshore world and carry real clout."
07/15/2020
Online quiz launches reform of capital gains tax
The OTS has also been asked to identify simplification opportunities relating to administrative and technical issues affecting individuals, partnerships and unincorporated or single-entity owner-managed companies.
07/15/2020
CPMI report identifies steps to enhance cross-border payments
Cross-border payments suffer from a number of frictions - they can be slow, expensive, unreliable and unavailable in some countries.