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Latest Briefings

Update on EC proposals to amend UCITS, AIFMD, EuVECA and ELTIF to facilitate cross-border distribution

On 12 March 2018, the European Commission issued a proposal for a new regulation (the Regulation) and a new directive (the Directive) concerning the cross-border distribution of collective investment funds amending inter alia UCITS (the UCITS Directive), AIFMD, EuVECA and EuSEF (the Proposals). Please find below a summary of the main changes under the Proposals. What will change under the Proposals?

MEES: What information is required to register an exemption?

By Maria Connolly Since 1 April, it has been unlawful for a landlord to let a property with an EPC rating of below E, unless an exemption has been registered on the PRS Exemptions Register. The government has released guidance on the evidence required to register an exemption on the PRS Exemptions Register…

Getting the Deal Through: Fund Management 2018, Luxembourg edition

Fund Management traces the regulatory and legislative obligations facing fund managers balancing the need to maximise investment returns whilst also ensuring adequate investor protections in an increasingly challenging regulatory environment. Topics are written by leading experts and include: authorities responsible for fund regulation; licensing processes; territorial scope of regulation; required authorisations of fund marketing activities; […]

Financial Regulatory News Updates – April 2018

The Financial Regulatory News Updates: an overview in which Loyens & Loeff’s Banking and Finance Practice Group highlights recent legislative developments and publications of supervisory authorities in the financial markets…

Dutch coal exit proposed by new draft bill

On 19 May 2018 the Minister of Economic Affairs and Climate Policy (hereinafter: ‘the Minister’) published its draft bill (in Dutch only) on the Prohibition of the use of coal by power producers for public consultation (hereinafter: ‘the draft bill’). The basis of the draft bill derives from international (the Paris Agreement in 2015) and national (the […]

Recommended

Foley launches in Shanghai with Weil raid

US firm Foley & Lardner intends to become the latest entrant to mainland China, poaching Weil Gotshal & Manges’ China IP head in preparation for a launch in Shanghai. The firm has applied for licence to open an office but has not yet secured it. The firm hired Catherine Sun, who is qualified in New […]

Law Soc slams Revenue as strike threatens thousands of lawyers

The Law Society has slammed Revenue and Customs for its strike today, warning that delays in handling tax applications could lead to fines for thousands of property lawyers. Law Society president Fiona Woolf received a letter on Monday from Her Majesty’s Revenue and Customs (HMRC) giving her just two days notice of the one-day strike. […]

Firms threatened with public scoldings

There is yet more activity in the world of… er… complaining about lawyers. The Solicitors Regulation Authority (SRA), which until this month was known as the Law Society Regulation Authority, is consulting the profession on whether to make its reprimands public. The SRA looks after education and training, indemnity insurance and ethics, and crucially is […]

AOL overhauls legal team following Carphone deal

AOL is set to complete the restructuring of its 22-lawyer in-house legal team by the end of February, coinciding with the financial close of the final leg of its three-part, $1.96bn (£1bn) European disposal. AOL European general counsel Tony Wales told The Lawyer that the company had been through “monumental change” over the past six […]

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Guernsey

Guernsey is looking at Jersey’s efforts in enacting its extradition law to benefit from its experience. By Alison Ozanne and Doug Hayter

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