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Insurance newsletter - May 2021 In this newsletter we look at: FCA consultation on a new Consumer Duty, Operational resilience, Amendments to insolvency arrangements for insurers, and Climate change – insurance developments. In this newsletter: FCA consultation on a ... Competition & Regulatory Newsletter (12 - 25 May 2021) General Court issues judgment in Amazon and Engie tax rulings cases General Court issues judgment in Amazon and Engie tax rulings cases On 12 May 2021 the EU General Court delivered two judgments; both in the context of State aid and tax rulings. The Ge... New Statutory Regime for Insurance Groups: AIA, FWD and Prudential In March 2021, the Hong Kong Insurance Authority was granted statutory powers to regulate insurance groups. The relevant groups are AIA, FWD and Prudential. On 29 March 2021, legislation came into operation which amended the Insurance Ordinance (Cap. 41)... Tax and the City Review for May 2021 Mike Lane and Zoe Andrews look at the decisions in Euromoney and M Group Holdings Limited; amendments to the Finance Bill; and updated HMRC stamp taxes guidance on submitting electronically. The FTT in Euromoney finds in favour of the taxpayer that &lsqu... Incentives Bulletin - May 2021 In this Bulletin, we look at the Financial Reporting Council’s report on directors’ remuneration reporting by listed companies, the FCA’s consultation on a new remuneration code for Collective Portfolio Management Investment Firms, PIRC&... Dutch Competition Authority leading the way on sustainability agreements ACM starts consultation on guidelines for assessing compatibility of sustainability agreements with antitrust law. blockquote { font-style: normal!important; border: none!important; } .quote--purple { background: #4e264f; } .quote { pos... DB Superfunds – “Unique opportunities and risks to members benefits” – The Pensions Regulator (“TPR”) publishes details of interim regime The Pensions Regulator has recently published details of the interim regime for DB superfunds. In this update we consider the detail of the interim regime and some of the key considerations for sponsors and trustees. Overview As can be seen from the abo... Hong Kong: Fintech laws and regulations 2020 An overview of the Hong Kong Fintech landscape and key legal and regulatory issues. Hong Kong, an international financial centre and gateway to Mainland China, has also established itself as a leading Fintech hub. Our Hong Kong chapter of the Internation... Hong Kong: Directors – personal liability for companies in financial difficulties This bulletin concentrates on the ways in which directors may find themselves personally liable for the debts of a company in financial difficulties. Summary As soon as directors become aware the company is in financial difficulties they should see... The slow but inevitable shift from the EU financial services rulebook Selmin Hakki discusses the limited visibility on the UK’s intentions for the post-Brexit regulatory framework for financial services