In line with the EU action plan for financing sustainable growth, the Cyprus Securities and Exchange Commission (CySEC) has confirmed its commitment to comply with sustainable finance standards.
Legal & Regulation
Asset managers face ‘significant’ compliance costs to adapt to the new EU Sustainable Finance Disclosure rule which starts to take effect from 10 March, a new report published by Bloomberg Intelligence (BI) says.
Institutional investors in the US are increasingly planning to adopt ESG in their portfolios, swayed by recent evidence of sustainable investments’ outperformance.
Financial services firms have planned to move an estimated GBP1.3 trillion in assets from the UK into the EU since the Brexit referendum, according to the latest estimates from EY’s Financial Services Brexit Tracker.
There are now only 30 days left for Irish-domiciled UCITS, structured as SelfManaged Investment Companies (SMICs), and Internally Managed AIFs to finalise and approve their action plans detailing how they will address the substance requirements set out in the Central Bank of Ireland’s Letter of 20 October 2020.
A GBP3.2 trillion investor coalition against modern slavery, including Aberdeen Standard Investments, Church of England Pensions Board, Legal & General and Rathbones, has put pressure on 22 laggard companies on the FTSE 350 to comply with the UK’s modern slavery laws.
Carey Olsen has been confirmed as the leading legal adviser to Jersey's investment funds sector in the latest edition of independent industry research group Monterey Insight's annual Jersey Funds Report.
The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has responded to the EU’s proposals for a Digital Operational Resilience Act (DORA) for Financial Sectors.
Carey Olsen has been confirmed as the leading offshore law firm for London Stock Exchange (LSE) clients for the 15th year running in the latest edition of the Corporate Advisers Rankings Guide (CARG), which shows the firm now advises 91 LSE clients - 80 more than in 2005 when the guide was first published.
The ID Register has been licensed by the Guernsey Financial Services Commission to carry on Controlled Investment Business. As a global hub for investor onboarding and registration, regulation supports the ID Register's single-sign-off service for investors, funds and service providers alike.