Regulatory

Blog

Regulatory

The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Cyprus and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.

Contributors

Aki Corsoni-Husain
Aki Corsoni-Husain
  • Aki Corsoni-Husain

  • Partner
  • Cyprus
George Apostolou
George Apostolou
  • George Apostolou

  • Partner
  • Cyprus
Chiara Deceglie
Chiara Deceglie
  • Chiara Deceglie

  • Partner
  • Luxembourg
Massimiliano della Zonca
Massimiliano della Zonca
  • Massimiliano della Zonca

  • Senior Associate
  • Luxembourg
Philip Graham
Philip Graham
  • Philip Graham

  • Partner
  • British Virgin Islands
Ayana Hull
Ayana Hull
  • Ayana Hull

  • Counsel
  • British Virgin Islands
Katerina Katsiami
Katerina Katsiami
  • Katerina Katsiami

  • Associate
  • Cyprus
Petros Kiteos
Petros Kiteos
  • Petros Kiteos

  • Associate
  • Cyprus
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Senior Associate
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Counsel
  • British Virgin Islands
Mirza Manraj
Mirza Manraj
  • Mirza Manraj

  • Counsel
  • Hong Kong
Elina Mantrali
Mirza Manraj
  • Elina Mantrali

  • Associate
  • Cyprus
Vanessa Molloy
Vanessa Molloy
  • Vanessa Molloy

  • Partner
  • Luxembourg
Andrea Moundi Savvides
Andrea Moundi Savvides
  • Andrea Moundi Savvides

  • Consultant
  • Cyprus
Marina Stavrou
Marina Stavrou
  • Marina Stavrou

  • Associate
  • Cyprus
Matt Taber
Matt Taber
  • Matt Taber

  • Partner
  • Cayman Islands
Carolynn Vivian
Carolynn Vivian
  • Carolynn Vivian

  • Senior Associate
  • Cayman Islands

BVI FSC’s virtual “Meet the Regulator”

On 3 June 2020, the BVI Financial Services Commission held its first virtual Meet the Regulator (MTR) meeting. The MTR focussed on issues related to the 30 June deadline for registration of closed-ended funds, such as private equity and venture capital funds, known in the BVI as “private investment funds”. Closed-ended funds in the BVI were not previously subject to regulatory oversight.

Philip Graham, Ayana Hull

ESMA aims at disparity in Europe over cost-oversight between UCITS and Alternative Investment Funds

On 4 June 2020, the European Securities and Markets Authority (ESMA) published a supervisory briefing (Briefing) aiming to reduce the risk of regulatory arbitrage and ensure equal levels of investor protection regarding cost-related regulations under the Undertakings for the Collective Investment in Transferable Securities (UCITS) regime and Alternative Investment Funds (AIFs).

Aki Corsoni-Husain, Vanessa Molloy

ESMA updates Q&As on MiFID II/MiFIR

On 28 May 2020, the European Securities and Market Authority (ESMA) updated its Questions and Answers (Q&A) on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/MiFIR).

Vanessa Molloy, Elina Mantrali

European regulators remind firms on conduct of business obligations under MiFID II amid Covid-19

On 6 May 2020, ESMA issued a public statement reminding firms of their obligation to act honestly, fairly and professionally in accordance with the best interests of their clients. Firms are also reminded to comply with all relevant MiFID II conduct of business and related organisational requirements, such as product governance, information disclosure, suitability and appropriateness.

Aki Corsoni-Husain

ESAs launch consultation on ESG disclosure standards

On 23 April 2020, the three European Supervisory Authorities (EBA, EIOPA and ESM, together the ESAs) issued a consultation paper seeking input on proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products, to enable investors to refocus their investments on products which respect the EU environmental objectives.

Victor Le Pape, Vanessa Molloy