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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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VWF claims 'need fast resolution”

THE STEERING group handling a multi-party action against British Coal over the industrial disease Vibration White Finger has called for a speedy resolution of compensation claims. Last week The Vibration White Finger Litigation Solicitors’ Group celebrated a High Court ruling which could lead to more than 100,000 compensation claims from sufferers of the disease, which […]

In brief: Group aims to cut waste in justice system

The Trials Issues Group has been formed to cut waste in the Criminal Justice System. The inter-agency group, launched by the Lord Chancellor’s Department last week, will oversee a number of initiatives to improve the quality of service to victims, witnesses and other court users. Projects include new-style case files, increased technology and joint performance […]

Asylum seekers costs row

A challenge is now pending in the High Court to moves by Parliament to withdraw financial benefits from asylum seekers. Two London authorities, Westminster City Council and Hammersmith and Fulham Borough Council, have won the right to seek judicial review of the moves. They are challenging them on the basis that withdrawal of funding from […]

Firm makes apology after advert in Gazette

A WEST End firm has publicly apologised to a north London neighbour after it put out a call for former clients of the firm to get in touch with its own staff. Harris, Rosenblatt & Kramer has acknowledged that the call for ex-Nicholas & Co clients to contact it may have created the unintended impression […]

Canadian firm powers to success in Hungary

CANADIAN firm Stikeman Elliott has successfully completed a US$1.3 billion Hungarian electricity privatisation operation. The practice, which opened an office in Budapest in 1993, believes the privatisation is one of the largest yet to take place in Central and Eastern Europe. Under the privatisation scheme, the Hungarian Privatisation and State Holding Company sold off a […]

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