CSSF: UK deemed equivalent for the purpose of the national third-country regime under MiFIR

Ahead of the end of the post-Brexit transitional period the Luxembourg Financial Sector Supervisory Authority (the CSSF) has, as of 1 January 2021, included the United Kingdom on the list of jurisdictions which are deemed equivalent for the application of the national third-country regime under MiFIR.

Related briefings

Snapshot: starting civil proceedings in Guernsey

Civil litigation procedure in Guernsey is governed by The Royal Court Civil Rules 2007 (“RCCR”). All commercial disputes with a value over £10,000 will be heard in The Royal Court of Guernsey, disputes with a lower value, known as Petty Debts, are dealt with in the Magistrate’s Court.

How offshore law firms have stepped up to the challenges of 2020

In this interview, excerpts of which originally appeared in Asian Legal Business, Ogier partner and head of ESG Funds in Hong Kong Kate Hodson discusses how offshore law firms have stepped up to meet this changing business landscape, the ramping up of regulations, and the growing momentum around ESG.

Cayman Islands Funds Update: Q4 2020

Despite the beginning of 2020 being marked by a large number of new regulations in the Cayman Islands, the number of changes to laws and regulations that impact or may impact funds constituted in the country was significantly lower in the last quarter of 2020 than verified previous quarters. Specifically, the regulatory bodies and competent authorities focused on receiving clarifications and refinements to the existing regimes, which continued to occur in January 2021.

PRI’s new reporting framework – are you ready?

On 12 November 2020, Principles for Responsible Investment (PRI) issued significant updates to the reporting framework (RF) for signatories. The new requirements are more focused on “real world” outcomes meaning signatories needs to show how environmental, social, and governance (ESG) factors are integrated into investment analysis and execution.

Advance healthcare directives under Cayman law

An advance health care directive is also known as a living will. It is actually not a new concept but is new to being recognised in the Cayman Islands. In 2019 the Health Care Decisions Act was implemented in the Cayman Islands.

Latest Briefings

What does the Budget 2021 mean for residential property?

As anticipated, the Chancellor in his 2021 Budget has extended the current Stamp Duty Land Tax (SDLT) holiday and has also introduced additional measures in the hope of boosting the property market. Our Residential Property team provide an overview.

How voice-based document production helps your firm win more business

Throughout the lifecycle management of a client, a great deal of correspondence and documentation is produced. This briefing explains how a speech-to-text document production process can transform client responsiveness and help the firm win more business.

The advantages of Freeports examined following Budget 2021

Businesses operating Freeports will benefit from more generous tax reliefs, customs benefits and wider government support, bringing investment, trade and jobs, but what exactly are the advantages businesses can expect to gain from operating in a Freeport?

Budget 2021: The employment implications

Rishi Sunak has announced the much-awaited budget for 2021 hailing protection for the “jobs and livelihoods of the British people”. Outlined below are the key elements impacting employers and their wider workforce.

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scotland

Four firms added to £8.7m Scottish Enterprise panel

CMS Cameron McKenna Nabarro Olswang and Addleshaw Goddard are among the four firms that have been added to Scottish Enterprise’s new £8.7m panel. The public body has appointed Scottish firms Brodies and Burness Paull to the panel, as well as CMS and Addleshaws. Shepherd and Wedderburn, which was on the former panel running from 2016 […]

antisemitism

Campaign Against Antisemitism seeks inaugural GC

Campaign Against Antisemitism (CAA) is recruiting its first in-house general counsel to bolster its capacity to pursue private prosecutions and other legal strategies. The British non-governmental organisation said that the hire is in response to resurgent antisemitism, which it says has not been tackled sufficiently by the criminal justice system. According to CAA’s Antisemitism Barometer […]

Beijing China

A&O’s China JV expands in Beijing with disputes team  

Allen & Overy’s Chinese joint operation firm Shanghai Lang Yue has launched a Beijing office with the hire of a dispute team from red circle rival Fangda Partners. The team heading Lang Yue’s Beijing office is led by Melody Wang, a seasoned litigator and investigations lawyer. Wang joins from Chinese red circle firm Fangda Partners’ […]

MoFo commences UK redundancy process

Morrison & Foerster is undertaking a redundancy consultation, in which it expects to cut 4 per cent of its US staff along with a number of roles in the UK. The US firm said that 38 non-lawyer roles are affected by the review in the US and the UK. Of those affected, it added that […]

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