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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

In brief: LCD consults on immunity against costs

The Lord Chancellor’s Department has published a consultation document considering the provisions on awards of costs against magistrates and other officials such as coroners. The move follows a number of recent cases in which costs have been awarded against magistrates, and concern has been expressed that they could, in theory, be asked to pay. The […]

In brief: Polo tax scheme gets the all-clear

East Anglian firm Mills & Reeve’s £5 million corporate sponsorship scheme for polo matches has been backed by a leading firm of tax analysts. The contracted exit EIS Polo Scheme sells licences for polo matches and tournaments at Ascot Park so investors can get a return from sponsorship and media rights as well as substantial […]

Splitting the Law Society. Regulator or union – the choice is yours

Solicitors in England and Wales will shortly be balloted on the possibility of splitting the Law Society’s twin roles of representing and regulating the profession. What would be the likely outcome in parliamentary terms if the majority recommended such a split? It is hard to find anyone who is entirely happy with the current complaints […]

Westminster makes clean sweep of illegal traders

Helen Sage reports A clamp-down on illegal street trading has been the focus of Westminster City Council’s drive to clean up the streets of central London. The council obtained three injunctions against persistent licence evaders and set up an undercover operation to trap the operators of a mock auction racket in Oxford Street. Central London […]

Law Soc goes back to the drawing board on leaflets

ONE HUNDRED thousand Law Society public advice leaflets on how to instruct solicitors, which caused a storm of protest over their constant reference to costs, are to be pulped and rewritten at a cost of thousands of pounds. Controversy surrounding the leaflets, ‘Working with your solicitor’, flared up shortly before the Law Society’s elections when […]

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