Managers of Wealth

Proposals for a UK wealth tax

The report suggests that a one-off wealth tax should include all assets worth more than £3,000, valued at their open market value.

Which are the best Golden Visas to beat the Brexit roadblock

Acquiring UK citizenship will take investors between five and six years but for UK investors looking to maintain their EU status, there are some options that can provide residency or citizenship far quicker.

New guidance from Guernsey Finance will make it easier for family offices to embrace sustainable investing

Ogier has collated a series of illustrative clauses which can be implemented into a trust deed between a family and their family office.

Bulgarian criminal organisation: indictment filed against organisation members and Credit Suisse

To summarise the position, Credit Suisse AG in Zurich is thus accused of failing to take all the reasonable organisational measures that were required to prevent the offence of aggravated money laundering (Art. 305bis no. 1 and 2 SCC in conjunction with A

New types of green bonds bring transparency and finance to climate action

Continued demand for both issuances has enabled us to increase their size, with the climate resilience bond up to US$ 1.1 billion from an original US$ 700 million and the transition bond up to €625 million from €500 million.

UK alts boutique buys Irish firm to expand into Europe

The acquisition is part of the firm's strategic growth plan that includes distributing its funds to European investors.

Entry into force of the amendment protocol to DTA with New Zealand

The protocol implements the minimum standards for double taxation agreements (DTA).

Managing the Luxembourg voluntary liquidation process

Luxembourg also offers compelling structures. Its special purpose vehicles (SPVs), for example, have proven hugely popular with multinational private equity and real estate groups, offering huge potential for tax optimisation when they come to sell their

Financial Regulation Update

The regulator highlights that complaints volumes are at the lowest levels recorded since 2016 H2

CSSF publishes passporting requirements applicable to UK investment funds and fund managers after the end of the transition period

Following the departure of the UK from the EU on 31 January 2020

Commission becomes world’s first regulator to introduce a green insurance capital regime

The Commission’s proposal would enable insurers to purchase green assets in the knowledge that long-term green assets are considered suitable to meet long-term liabilities whilst maintaining policyholder protection.

FCA establishes Temporary Registration Regime for cryptoasset businesses

The FCA is advising customers of cryptoasset firms which should have applied to the FCA, but have not done so, to withdraw their cryptoassets or money before 10 January 2021.

Financial Regulation Update

The Statement may be subject to change in the event of a free trade agreement being reached and mutual equivalence decisions being taken.

FCA fines Barclays £26 million over treatment of customers in financial difficulty

Barclays has pro-actively redressed these customers, paying over £273 million to at least 1,530,000 customer accounts since 2017. The redress programme is close to completion.

Investing in policies for people will help shape a better economy for the postcrisis world

The virus has taken more than a million lives, and hundreds of millions more have been altered forever by rising poverty, massive job losses, and interruptions to education.

UK Immigration Post-Brexit

Those wishing to work or stay in the UK for longer will need to apply for a visa under the new immigration system.

UK Wealth Tax Report

A ‘wealth tax’ is broadly a charge on a person’s assets, in contrast to the majority of taxes that are charged when cash or assets move between parties.

Covid-19: FCA guidance consultation on proving Covid-19 presence in BI insurance claims

Feedback is requested by 18 January 2021.

Federal Council brings part of DLT bill into force

The amendments to the Code of Obligations, the Federal Intermediated Securities Act and the Federal Act on International Private Law that are envisaged in the DLT bill will now enter into force from 1 February 2021.

Lombard Odier becomes Signatory of the UN Principles for Responsible Banking

The Principles for Responsible Banking set out the banking industry’s role and responsibility in shaping a sustainable future

Legal,Regulation,Tax & Compliance