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
Jermaine Case
Jermaine Case
  • Jermaine Case

  • Associate
  • British Virgin Islands
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
Andrew Knight
Andrew Knight
  • Andrew Knight

  • Partner
  • Luxembourg
Evi Koutsioumpa
Evi Koutsioumpa
  • Evi Koutsioumpa

  • Associate
  • Luxembourg
Joshua Mangeot
Joshua Mangeot
  • Joshua Mangeot

  • Senior Associate
  • 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

  • Associate
  • 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

Extradition post-Brexit: What we know

The growing uncertainty of the relationship between the United Kingdom and the European Union following Brexit expands to issues of judicial cooperation between EU Member States and the UK, something which the Court of Justice of the EU has recently been called on to address. The Council Framework decision 2002/584/JH introduced the European Arrest Warrant regime, setting out the extradition procedures between Member States, which has significantly shaped the domestic legal framework of the extradition process and obligations in the UK.

Aki Corsoni-Husain, Marina Stavrou

EU Financial Regulators highlight the risks of a no-deal Brexit in the EU Financial System

On 12 September 2019, the Joint Committee of European Supervisory Authorities published the latest report on the risks and vulnerabilities to the EU financial system in the event that the UK and EU fail to reach a withdrawal deal on Brexit. The report highlights that the EU’s banking, insurance, pensions and securities sectors continue to face a significant risk.

Aki Corsoni-Husain

CSSF’s mandatory notification for UK firms in the context of Brexit

The Commission de Surveillance du Secteur Financier (CSSF) issued a press release on 15 July 2019: businesses that are currently authorised under CRD, MiFID II, PSD 2 or EMD in the UK will be considered “third-country” firms and will lose the benefit from their existing passporting rights under the relevant EU Directives from the date the UK leaves the EU without concluding a withdrawal agreement based on Article 50(2) of the Treaty on European Union (hard Brexit). The CSSF would like to emphasise that the provision of regulated services in Luxembourg without a proper authorisation is illegal and thus subject to sanctions.

Vanessa Molloy