Regulation

The latest issue of our Global Asset Management Quarterly publication is now available.

In this issue we cover:

Europe

  • European update
  • EU/UK regulatory roundup

United Kingdom

  • The new regime for preferential taxation of qualifying asset holding companies

Luxembourg

  • Luxembourg update

Australia

  • Australian Federal Government commits to the new corporate collective investment vehicle (CCIV) regime with

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On 4 November 2021, the Financial Stability Board (FSB) issued a progress report on the implementation of its Principles for Sound Compensation Practices (Principles) and their Implementation Standards in financial institutions. The progress report focusses on:

  • The effectiveness of compensation frameworks. While in-year adjustments and malus are commonly used, the use

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On 4 October 2021, the ISDA issued a product table for RFR conventions and IBOR fallbacks.

The table is intended to help counterparties understand how the fallbacks would function in their legacy and new derivatives that reference IBORs. It sets out how fallbacks in ISDA’s amended documentation (without reference to the 2021 ISDA Interest Rate…

On 4 October 2021, the Organisation for Economic Co-operation and Development (OECD) published:

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On 10 July 2021, the G20 published a communiqué following the third Finance Ministers and Central Bank Governors meeting in Venice.

Among other things the communiqué:

  • Reiterates the commitment to a timely and effective implementation of the G20 Roadmap to enhance cross-border payments by relevant authorities. In particular, it looks forward to the Financial Stability

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On 7 June 2021, the Network for Greening the Financial System (NGFS) announced the following new documents:

  • A new set of climate scenarios. In this second vintage, the NGFS scenarios have been brought up to date, including by incorporating countries’ commitments to reach net-zero emissions. They have also been enriched with an expanded

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On 7 June 2021, the Task Force on Climate-Related Financial Disclosures (TCFD) issued two documents for public comment:

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The latest issue of our Global Asset Management Quarterly publication is now available.

In this issue we cover:

Europe

  • European update
  • EU/UK regulatory roundup

United Kingdom

  • Asset managers and the Task Force for Climate-related Financial Disclosures
  • UK funds regime review

Germany

  • German Draft Fund Jurisdiction Promotion Act

Australia

  • Greenwashing: International initiatives taken to address

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On 7 April 2021, there was published an official communique following the second meeting of G20 Finance Ministers and Central Bank Governors under the Italian G20 Presidency. During the meeting the discussion spanned from issues covering the global economy, efforts to push forward the economic recovery and promoting more sustainable growth, to supporting the most…

Throughout 2020 and 2021, financial services firms have had to respond and adapt to a number of regulatory challenges in an unprecedented fashion. Firms now have to navigate a diverging regulatory landscape as a result of Brexit, at the same time as continuing to respond to an array of pandemic-related risks that have arisen. Nevertheless,…