Weekly Newsletter Italy: rules governing a power of attorney granted overseas; FITs — retrospective cuts: government erring on side of caution

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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

Fall in cash use sees pressure to reduce card use costs for retailers, says Eversheds

Tim Buckingham, partner and financial services expert at firm Eversheds, has commented on The British Retail Consortium’s (BRC) report that cash use in the UK has fallen 14 per cent in five years.  He said: ‘While the BRC considers that banks are still levying “unjustifiably” high charges for using cards, there is a clear and fundamental difference between […]

Eversheds set to host 6th Annual UK Ports Conference

Eversheds has announced it will be hosting the 6th Annual UK Ports Conference, which will discuss the challenges facing port owners and operators and will provide essential updates on the policy and initiatives proposed by the European Commission and the UK government. Hosted at the Eversheds London office on 25 June 2014, delegates will hear from […]

Tui

A&O and Herbies advise as Tui merges with Tui

Allen & Overy and Herbert Smith Freehills (HSF) are advising German-headquartered travel group Tui AG and its UK subsidiary Tui Travel respectively on their £4.8bn merger. The all-share acquisition sees Tui AG acquire the outstanding 45.5 per cent of Tui Travel it does not already own. Allen & Overy’s team is led by Hamburg corporate […]

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