LCD agency fails targets

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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 […]

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In brief: Abbey Life director

Abbey Life director Nick Temple joins Bournemouth-based Lester Aldridge. Before joining Abbey Life, where he was group legal director for Tetley Tea, Temple acted as a legal adviser to Westland. At Lester, he will introduce a commercial audit/health check system to selected clients. “The health check is designed to get to the commercial heart of […]

Work in progress tax to hit small firms

LAW FIRMS are being warn-ed to prepare for impending changes in the way they calculate profits for tax purposes. And the Law Society predicts smaller practices will lose out under the one-off adjustment fee. The changes contained in the Finance Act 1998 mean firms that calculate taxable profit on a cash or hybrid basis will […]

Kingfisher

Kingfisher is one of Britain’s most successful retail groups. It is best known for its high street trading subsidiaries – Woolworths, Comet, B&Q, MVC, Superdrug and, property business, Chartwell Land – which have a total of 2,000 sites around the UK. Kingfisher also has businesses based throughout Europe and internationally. The merging of B&Q with […]

Legal cowboys prey on desperate refugees

TAKE a firm of solicitors, employ an Albanian “interpreter” to recruit hundreds of Kosovan asylum seekers from major ports and stations, and promise them top-notch legal advice. Then do nothing for them, but swell the practice’s income by more than u1m a year through legal aid claims. This is the scam that has allegedly been […]

Share schemes 'inflexible'

EMPLOYEE benefits lawyers are calling for the Government to introduce more flexible rules for employee share ownership schemes. The call accompanies a survey by Norton Rose showing workforces lag behind senior executives in benefiting from the trend towards employee share options. David Cohen, head of Norton Rose’s employee benefits group, and chairman of the Share […]

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