Regulation
Brexit, 1 June, 2017
ESMA sets out principles for Brexit among EU member states
The European Securities and Markets Authority (ESMA) has released guidance on achieving a common approach to supervision among EU member states following Brexit.
Criminal Finances Bill, 28 April, 2017
Criminal Finances Bill receives Royal Assent
A Bill to extend the powers of enforcement agencies to recover the proceeds of crime, tackle money laundering, tax evasion and corruption, and combat the financing of terrorism, has received Royal Assent.
Regulation and law, 27 April, 2017
Companies are at risk from failing to invest in compliance, research shows
Annual survey finds compliance officers are not attending all board meetings, while half of companies have ethics and compliance committees.
UK limited partnerships, 6 April, 2017
Update to UK limited partnership law will allow for PFLPs
A new form of limited partnership is introduced in the UK, in a bid to modernise the law in this area and to allow private fund limited partnerships to be established.
Corporate responsibility, 30 March, 2017
France: large firms face new ‘duty of care’ on risk management
Large French corporates now face new legislation that places a “duty of care” on them, in order to improve risk management and protect human rights, health and safety, and the environment.
European regulation, 30 March, 2017
Legal & Regulatory Roundup – Europe
Legal and regulatory roundup from around the UK and Europe: EU tax, tightened money laundering legislation, gender pay gap regulation in the UK, review of governance codes in Germany and the UK, and Belgian FSMA guidelines.
Asian regulation, 21 March, 2017
Legal and regulatory roundup: Asia
Legal and regulatory roundup from the Far East: new stewardship code in India, Hong Kong money-laundering measures, Singapore reviews governance code, China beefs up anti-corruption laws.
Indian stewardship, 20 March, 2017
India to reform stewardship code
The Financial Stability and Development Council of India, a body chaired by the country’s Union finance minister, has proposed that a panel of financial regulators be formed to develop a new stewardship code for investors.
Hong Kong governance, 11 March, 2017
Hong Kong beefs up anti-money laundering and corporate disclosure laws
As Hong Kong’s anti-money laundering and corporate disclosure laws come under the spotlight, financial crime experts predict an exodus of billions of dollars from the island.
Chinese anti-corruption, 5 March, 2017
China to enhance anti-corruption legislation
China will move forward its anti-corruption legislation by drafting a national supervision law, with the revised version scheduled to be submitted to the NPC Standing Committee for review within the year.