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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

A&O partner heads for Warsaw

ALLEN & Overy partner Stephen Denyer has moved from his London base to head the firm’s Central and Eastern European practice in Warsaw. Denyer, who has controlled the practice from the UK for the past five years, officially takes over in Poland next month. Graham Donnell is returning from Warsaw to rejoin the London corporate […]

Scores of police clerks fail exam

SIGNIFICANT numbers of experienced police station clerks are failing the new Law Society exams, latest figures reveal. Formal training becomes compulsory next month for police station representatives acting for legally-aided clients. But one of the main training organisations reveals that scores of advisers are failing the exam because their portfolios – assessing real cases – […]

Guy Harvey questions a ban on prisoner visits to lawyers' offices

“Must try harder” could be seen by many as the mid-term report on beleaguered Home Secretary Michael Howard. However, in the view of this solicitor he has recently tried a little too hard in one respect. Last November the Home Secretary issued the innocuous sounding ‘Instruction to Governors Number 70 of 94’ which said: “Prisoners […]

Disclosure puts firms ahead

Michael Kavanagh Life offices are warning solicitors to be guided by the quality as well as cost of investment advice, following the introduction of hard disclosure on commissions and charges on investment products. Andy McNeill, business development consultant at Prudential, suggests that lawyers could gain the edge over other financial advisers as their practice of […]

City firm Beachcroft Stanley's IT development and systems manager, Jon Gould (above), has moved to Cripps Harries Hall in Tunbridge Wells

Fennell Betson reports City firm Beachcroft Stanley’s IT development and systems manager, Jon Gould (above), has moved to Cripps Harries Hall in Tunbridge Wells. “I welcome the opportunity to see a successful firm into the next stage of its IT development. It is an exciting time to join Cripps,” says Gould, who was with Beachcroft […]

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