Legal & Regulation

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Barrister says Unexplained Wealth Orders likely to apply to political rather than criminal elements

Barrister says Unexplained Wealth Orders likely to apply to political rather than criminal elements

Unexplained Wealth Orders came into force on 31 January, designed to enable law enforcement agencies such as the SFO and NCA to apply to Court for an Order necessitating people, including foreign politicians and their family members, to identify any interest in an asset that is worth over GBP50,000, giving information about how it was obtained without having to give recipients notice.

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Luxembourg: Hub of European fund industry

Luxembourg: Hub of European fund industry

The days of thinking about single jurisdictions are long gone. When structuring a large private equity fund, for example, it is likely going to contain international investors (the US, Europe, Asia) and is, in effect, a commercial deal between all interested parties to draw down the money. The reality is, different investors have different preferences. 

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A solution for fund disclosure requirements under MiFID II and PRIIPs

A solution for fund disclosure requirements under MiFID II and PRIIPs

By Jean-Florent Richard (pictured) & Pilar de Terry – Next year sees the introduction of two major pieces of regulation both of which will have implications for how asset managers distribute their investment funds across Europe. Simply put, MiFID II will apply to investment firms manufacturing and/or distributing financial instruments while the PRIIPS regulation applies to all unit-linked funds, structured products and retail investment products.