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Envoyé: 12 December 2018
The Cayman Islands has published a Bill which will require certain businesses to satisfy local economic substance requirements in order to meet international tax standards.
On 19 November 2018, the Irish tax authority (the Revenue Commissioners or Revenue) issued a guidance note on the tax treatment of Islamic finance transactions (the Guidelines).
Envoyé: 11 December 2018
Issue 129 of this regular bulletin summarising significant legal and regulatory developments of relevance to the fund management and investment banking communities.
Dernière révision: 11 December 2018 / Envoyé: 23 November 2018
Brexit: Draft framework law. When this law is approved, the French government will be able to provide legal certainty for a number of situations linked to a “no deal” Brexit.
On 10 December 2018, the UK Government’s Department for Business, Energy & Industrial Strategy (BEIS) published a feedback document, “Limited Partnerships: Reform of Limited Partnership Law. The Government response to the consultation” (the Response), setting out the policy decisions it has taken following its April 2018 consultation paper in which it proposed certain reforms to the law on limited partnerships (LPs).
Envoyé: 10 December 2018
On 07 December 2018, in a revised version of its Collective Investment Schemes (Amendment etc) (EU Exit) Regulations 2019 (the draft SI), HM Treasury provided the welcome confirmation that a sub-fund of an umbrella EEA UCITS would be able to take advantage of the UK’s temporary permissions regime (TPR) even if the sub-fund is notified to the FCA after Exit Day, so long as the umbrella fund is already in the TPR.
New Commission established to tackle poor-quality design of homes and places 20 years after the Urban Task Force was established for a similar purpose.
Envoyé: 06 December 2018
At a meeting held on 03 December 2018, the European Parliament’s Economic and Monetary Affairs Committee (ECON) adopted the amendments it would wish to see to the proposals of the European Commission (Commission) for the cross-border distribution of investment funds.
Issue 128 of this regular bulletin summarising significant legal and regulatory developments of relevance to the fund management and investment banking communities.
Envoyé: 04 December 2018
On 27 November 2018, a number of regulatory bodies within the UAE announced that they had reached an agreement to facilitate the licensing of funds domiciled in each other’s respective jurisdictions. This article summarises the implications of the agreement.
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