Publication
Luxembourg watchdog issues new circular on investment services
The Luxembourg watchdog recently issued circular 19/716 on 12 April 2019 (the "Circular"). The purpose of the Circular is to lay out the different regimes that apply to third-country firms that wish to provide, in Luxembourg, investment services or perform investment activities together with ancillary investment services in accordance with Article 32-1 of the LSF (Luxembourg MiFID law), as amended.
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How a changing breed of investor in the UKCS has led to a re-modelling of legal services
Private equity's lean machines are demanding a shake-up of traditional legal service delivery – particularly in the margin-sensitive oil and gas sector. Stuart Carter, head of oil and gas at Fieldfisher, looks at how law firms are responding to the market's changing needs.
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What Will the Eagerly Anticipated Foreign Investment Law Bring About?
On March 15, 2019, the Foreign Investment Law of the People's Republic of China (hereinafter referred to as the "Foreign Investment Law") was adopted by the National People's Congress and will come into force on January 1, 2020.
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Fintech findings for 2019: Platforms, Open Banking and Cloud
As the fintech industry continues to set records for investment and growth, experts from across Fieldfisher's regulatory, litigation, finance, corporate and technology teams look at some of the common hitches catching out companies in the financing platform, Open Banking and Cloud sectors in the UK and Europe – and suggest how to avoid them.
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Cyber security and financial services: What businesses need to consider
Following a spate of high-profile cyber incidents at UK financial services providers, perhaps most enlightening of which was the 2016 Tesco Bank debit card fraud and subsequent 2018 fine, businesses which deal in financial data are starting to look more closely at their cyber resilience and to consider how changes in the regulatory landscape may affect them.
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The Business Contract Terms (Assignment of Receivables) Regulations 2018: still more to do?
Fieldfisher's Stephen Moller, Richard Todd and Richard Gibbard consider how the new regulations address some criticisms of prior legislation but also add more complexity to what is already a complicated area of the law.
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Complying with new Luxembourg legislation relating to UBOs
The new Luxembourg law of 13 January 2019, and related grand ducal regulation of 15 February, established a register of ultimate beneficial owners (UBOs), known as the RBE.
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Accessing the German Market
This briefing describes the possibilities for third country credit and financial services institutions which do not benefit from EU passporting rights to access the German market.
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Brexit: an update for Asset Managers
This briefing paper provides an update on Brexit planning matters which are of relevance to asset managers.
