08/28/2020
Changes to Guernsey's beneficial ownership regime
The States of Guernsey has approved proposals to amend the legal framework relating to beneficial ownership.
Legal, Regulation & Compliance
08/27/2020
FCA open-ended funds review survey
During the coronavirus crisis, consumers may find themselves needing access to their savings in accounts with restrictions on access.
08/27/2020
Why Linklaters Says It Is Benefiting from Having Lawyers Working From Home
Linklaters said it is “encouraging open and continuous dialogues across the firm” on issues such as flexible start and finish times, modified daily ‘core’ hours and modified hours to allow for commitments outside of work.
08/27/2020
Further review of IHT by the APPG
The APPG paper proposes comparatively radical reforms to a system that it describes as having been criticised as complex, ineffective, riddled with anomalies, distortionary and unfair, unpopular and ripe for reform.
08/27/2020
FCA and TPR team up to tackle pension scams
Scammers wreck lives and no matter how big or small your savings are, every pot is a target.
08/27/2020
Migrating A Company Out Of Guernsey
Just like a person, a company can change its nationality.
08/27/2020
Covid-19: FCA proposes further support for mortgage borrowers
The majority of customers who have had a payment holiday are expected to resume full repayment.
08/27/2020
Govt to force schemes to publish climate risk reports
"These measures will ensure pension schemes are in an ideal position to drive change to a sustainable, low carbon economy which will benefit everyone.”
08/27/2020
Warning tax evasion policy can foil M&A deal at 'eleventh hour'
For advisers this means they would need to act if they found a client had undeclared assets on their books.
08/27/2020
EFAMA updates European Fund Classification Categories
EFAMA strongly encourages the adoption of the EFC by fund managers and distributors to contribute to a more integrated and competitive European fund market.”
08/27/2020
UK boutique wins equity mandate from Danish pension pool
Pension pool award fourth mandate of 2020 with latest selection based on the asset manager's quality focus and ESG approach.
08/26/2020
Ireland Update – Use of Electronic Signatures on Regulatory Documents and Forms
The Central Bank advised that it reserves the right to request a "wet ink" signature where the Central Bank deems it appropriate.
08/26/2020
FCA: LCF final report to be published in November
In the event of a 2022 decision by the FSB to discontinue the G-SII list, the FSB will review the scope of application of G-SII specific requirements in consultation with the International Association of Insurance Supervisors (IAIS).
08/26/2020
COVID 19 Ireland Update: Company Law Changes
The measures in the Act are operative for an 'interim period' until 31 December 2020, although they can be extended by the Government under the provisions of the Act.
08/26/2020
Bank employees association asks CS to freeze layoffs
In a statement, ASEB said the bank should pause layoffs at least until the end of the year.
08/26/2020
PRA statement on Covid-19: IFRS 9 and capital requirements – Guidance as Covid-19 specific payment deferrals come to an end
This statement clarifies the PRA’s approach to IFRS 9 and capital requirements in response to updated FCA guidance on retail mortgage payment deferrals.
08/26/2020
Banks told Covid-19 no excuse to delay beefing up EU Brexit hubs
Many institutions in the EU are too small to be viable and are not doing a lot of business yet as clients want to remain connected to deep liquidity in London
08/26/2020
Chyknell Hall: Sleepy hamlet wakes to royal scandal
Chyknell Hall near Bridgnorth has taken centre stage in the drama thanks to its prominent yet elusive resident
08/26/2020
Is It Time to End the Ban on Bank Dividends?
The dividend ban also helps ensure that lenders have enough capital to weather loan losses, and it improves their creditworthiness.
08/26/2020
Global Fund Delegation May Be Restricted
The regulator’s letter said the use of third country entities not directly supervised by Esma or an EU national regulator create “increased operational and supervisory risks” and raise “regulatory arbitrage and investor protection