The Regulatory 15/15: January 2021
Listen to our latest regulatory webcast.15 Jan 2021
Highlight
EU Regulator Warning on Post-Brexit Financial Services EU Access Exemptions
The European Securities and Markets Association has published a statement on reverse solicitation of clients by third country firms following Brexit and the end of the UK transition period on 31 December 2020. Its statement reminds firms of the MiFID II requirements on the provision of investment services to retail or professional clients by firms not established or situated in the EU.14 Jan 2021
Legal 500 Private Equity Guide 2021: Cayman Islands
This country-specific Q&A provides an overview of Cayman Islands private equity laws and regulations.14 Jan 2021
UK Government Announces Changes to DAC6 Post-Brexit - Impact for Ireland
In an unexpected move on 31 December 2020, at the end of the Brexit transition period, the UK Government published legislation that will narrow the scope of the UK's DAC6 reporting requirements.14 Jan 2021
Funding of Legal Services – Contingency Fees To Be Lawful in the Cayman Islands
This update covers the Private Funding of Legal Services Act, 2020 in the Cayman Islands.13 Jan 2021
International Data Transfers - Brexit and Schrems II: Impact for Funds
There have been several recent developments in connection with international data transfers. The most significant of these are the conclusion of the EU-UK Trade and Cooperation Agreement on 31 December 2020 and the European Court of Justice's "Schrems II" decision. This briefing considers the implications of both for investment funds.11 Jan 2021