Managers of Wealth

Coronavirus: Federal Council extends COVID certificate requirement and launches consultation on new entry rules

The measure expires on 24 January 2022.

Clifford Chance advises Cinven

The transaction will position Cinven and True Potential to benefit jointly from a growing market in the UK wealth management and technology sector, and to further develop an industry-leading investment technology platform.

Everything You Need to Know About PRIIPs Disclosure Rules

The new PRIIPs disclosure rules, as amended by the FCA, are effective January 1, 2022.

Regulatory governance in private markets

Private markets have long been considered one of the most complex regulatory areas in financial services

Film investment scheme reaches settlement with HMRC

Investors will now not need to pay £1.6bn in ‘dry tax’

24 lords placed under investigation over financial interests

Probe by the Standards Commissioner follows openDemocracy revelations of ‘shocking lack of transparency’, in one of the widest-scale breaches ever exposed

China to tighten regulation over wealth management units to prevent contagion risks

The rules will help urge companies to enhance liquidity management of WMPs and better prevent risks from spreading across the markets and products, CBIRC said.

HMRC to repay £45m in ‘follower notice’ penalties?

Taxpayers in receipt of one ‘should take action without delay’

Have European banks left tax havens? Evidence from country-by-country data

We consider three minimum tax rates—15%, 21%, and 25%—and in each case compute the extra tax owed per bank and tabulate results by headquarter country.

Disclosure of Beneficial Ownership in 2021 – Luxembourg Perspectives

The Luxembourg Beneficial Ownership regulatory framework has been completed first with the issuance on February 15, 2019

SRD II: Transforming Global Proxy Voting And Shareholder Disclosure

Investor communications is a core competency, at the heart of Broadridge.

Luxembourg Plans To Give Its Business Registry More Teeth

The move comes six months after a group of international journalists, coordinated by OCCRP, published their OpenLux investigations, revealing how the country’s opaque financial system allows criminals and the corrupt to avoid taxes and launder their

IBOR Transition

The purpose of the synthetic rates would be to support an orderly runoff of difficult-to-amend legacy contracts.

Credit Suisse and Sanjeev Gupta Extend Stillstand

This means it will take another six months before CS can go after Gupta's business assets.

Pilatus wants compensation, alleges corruption in MFSA’s choice for liquidation lawyers

Pilatus Bank owners file World Bank arbitration claim for damages in shuttering of bank in 2019, and claims choice of law firm Mamo TCV was to the benefit of incoming MFSA chairman John Mamo

Should Swiss Banks Worry About EU Asset Register?

A tender for a feasibility study by the bloc on a potential asset register has sparked fears about the prospect of citizens having to account for every last cent.

Hong Kong Develops System to Prevent Archegos Repeat

Earlier this year, Wall Street experience one of the most spectacular collapses from up to $50 billion of highly leveraged bets from Archegos

US billionaires’ tax-saving ploys are giving others ideas, as politicians take note

An exposé provides a how-to guide for the aspirationally wealthy across America

Milbank Advises General Atlantic on Joint Venture

General Atlantic will serve as one of four partners in the venture, supporting the group with its international expertise in the field of digital marketplaces.

Indian Swiss tycoon could owe $137m amid Isle of Man trust tax probe

A prosecutor then told tax authorities that Hinduja still resided in Geneva, despite claims of residency in Monaco since 2007.

Legal,Regulation,Tax & Compliance