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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

Law Soc reneges on promise to survey number of masons

The Law Society is retreating from a promise to find out how many council members are freemasons, because it says MPs have already published their report on masons in the police and the judiciary. In February, Derek Sands, chair of the Law Society’s criminal law committee, agreed to a request by the Home Affairs committee […]

SPG talks to First American

The Solicitors Property Group is to meet the title insurance giant First American to discuss the group’s plans to establish a network of solicitors property centres. The move follows the announcement that a second US title insurance company, Stewart Title, has joined forces with marketing firm Conquest Legal Marketing in a bid to establish a […]

A matter of convenience

re: “Solicitor who ‘broke any law that was convenient’ struck off” (The Lawyer, 8 April). If the former partners of Freeses did, indeed, break “any law that was convenient” what, one wonders, did they do when up against the many inconveniences with which Parliament has obstructed those of fraudulent intent? Stephen C Miller Harper Macleod

In brief: Keep minimum salary says committee

The Law Society training committee is to recommend to the next council meeting in June that a £10,000 minimum salary for trainee solicitors should remain. The decision, announced in last Thursday’s council meeting, follows a letter by five former Trainee Solicitors’ Group (TSG) chairs to Law Society president Tony Girling, in which they threatened to […]

Jersey warns lawyers of laundering threat

Lawyers and accountants are being targeted by money launderers, Jersey’s senior finance civil servant has warned as he unveiled proposals for a tough new anti-money laundering law for the island. Colin Powell, States of Jersey chief adviser, warned a conference of 350 financiers in Jersey last week that money launderers were turning to lawyers, accountants […]

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