About the Regulatory Blog and our contributors
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, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
${totalItems} results
${customFilterHeading} Showing ${showingItems} of ${totalItems} results ${searchTerm}
${facet.Name} (${facet.TotalResults})
Cyprus regulators publicise Article 5r reporting guidance issued under EU Council Regulation 833/2014
In a key development towards supporting financial transparency, the European Commission, on 12 April 2024, issued a set of FAQs explaining reporting obligations under Article 5r of EU Council Regulation 833/2014, ie the EU’s set of trade sanctions on Russia. This anticipated EU guidance has been met with significant attention, particularly from entities navigating the details of compliance amidst heightened regulatory scrutiny.
02 May 2024
ESMA's response to the revised ELTIF Regulation: Proposed amendments and balancing investor interests
The revised European Long-Term Investment Fund Regulation mandates the European Securities and Markets Authority to develop draft Regulatory Technical Standards addressing various aspects such as compatibility of ELTIF's life with asset life cycles, redemption policy features, costs disclosure, and other criteria related to financial derivative instruments and asset disposal.
30 Apr 2024
Digital Services Act: Safeguarding online interactions in the EU
On 17 February 2024, the Digital Services Act (DSA) came into effect, applying to all online intermediaries operating within the EU. This comprehensive regulation aims to enhance online safety, fairness, and transparency for users.
24 Apr 2024
New guidance on Article 5r reporting requirements for outgoing transfers related to Russian-owned entities; Template reporting forms released
On 12 April 2024, the European Commission issued a set of much needed FAQs regarding reporting on outgoing transfers related to Article 5r under EU Council Regulation 833/2014.
19 Apr 2024
Breaking news – European Parliament approves AI Act: What you need to know
On 13 March 2024, the European Parliament officially approved the AI Act, the world’s first regulation on artificial intelligence, with an overwhelming majority. The AI Act is a set of regulations designed to govern the deployment and use of AI systems – its mission is to both recognise the transformative potential of AI across various sectors, including healthcare, transportation, manufacturing, and energy, while also acknowledging the need for robust oversight to ensure the technology's safe and ethical utilisation.
14 Mar 2024
EU list of non-cooperative jurisdictions for tax purposes has been updated
On 20 February 2024, the EU Council removed the Bahamas, Belize, Seychelles, and Turks and Caicos Islands from its list of non-cooperative tax jurisdictions, leaving 12 jurisdictions on the list.
07 Mar 2024
European Commission updates its FAQs on sanctions against Russia and Belarus
The European Commission has updated its Frequently Asked Questions on sanctions against Russia and Belarus.
05 Mar 2024
EDPB launches website auditing tool
The European Data Protection Board recently introduced a website auditing tool to improve compliance with the General Data Protection Regulation. This tool, developed within the framework of the EDPB Support Pool of Experts, is intended to be a pivotal resource for both legal and technical auditors at data protection authorities (DPAs), as well as controllers and processors looking to assess their own websites.
29 Feb 2024
EU adopts its 13th package of sanctions against Russia
On 23 February 2024, the Council of the EU adopted the 13th package of sanctions and restrictive measures against the Russian regime, marking the two-year anniversary of Russia's invasion of Ukraine.
27 Feb 2024