US: SEC fines Broker for improper handling of ADRs
www.sec.gov/news/press-release/2018-211 See also: www.findknowdo.com/news/06/18/2019/broker-dealer-settles-sec-charges-improper-handling-adrs?utm 0
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UK: Banking, Insurance and other Financial Services if there’s no Brexit Deal
www.macfarlanes.com/insights/2018/investment-management-update-12-september-2018/#Brexit www.mcguirewoods.com/client-resources/Alerts/2019/3/preparing-for-a-no-deal-brexit?p=1 www.gov.uk/government/publications/banking-insurance-and-other-financial-services-if-theres-no-brexit-deal/banking-insurance-and-other-financial-services-if-theres-no-brexit-deal 0
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India: Revised KYC and eligibility framework for Foreign Portfolio Investors
Click to access Khaitan%20&%20Co-Ergo-Newsflash-27Sept2018.pdf See also: www.ssrana.in/Admin/UploadDocument/IP%20Updates/India-tightens-noose-Mauritius-based-FPI.htm www.dilloneustace.com/publications/investment-by-irish-regulated-fund-in-indian-securities 0
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Mexico: Possible Tax Amnesty for 2019
www.jdsupra.com/legalnews/posible-amnistia-fiscal-en-mexico-para-80667/ www.e-consulta.com/opinion/2018-07-30/proyecto-de-amnistia-fiscal 0
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Brazil: Project of new regime on Taxation of Investment Funds
Click to access 20180829165709_bji—taxation-of-investment-funds-the-new-intended-regime.pdf 0
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UK: Crown Dependencies commit to EU Initiatives of imposing economic Substance Requirements on Resident Companies
www.alliottgroup.net/practice-management-resources-for-owner-managed-firms/offshore-centres-improve-approach-to-taxation/ goo.gl/P5HzXe www.boodlehatfield.com/the-firm/articles/new-economic-substance-requirements/ Update: www.applebyglobal.com/insights/insights-2019/draft-guidance-on-economic-substance-requirements-in-the-crown-dependencies.aspx Click to access further-clarity-on-economic-substance-issues-for-channel-islands-fund-managers-(amended).pdf Click to access more-detailed-guidance-issued-on-economic-substance-for-channel-islands-companies-(amended).pdf www.macfarlanes.com/what-we-think/in-depth/2021/economic-substance-update/ 0
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Risk Management: Financial firms using Cloud cause data privacy concerns
www.finextra.com/pressarticle/75398/data-privacy-key-concern-as-financial-firms-move-businesses-to-the-cloud See also: Treasury reports on risks to financial firms adopting cloud services | Buckley LLP Infobytes Blog (buckleyfirm.com) 0
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US: IRS Passport Revocation – 260,000 and Counting…
www.jdsupra.com/legalnews/irs-passport-revocation-260-000-and-89090/ www.irs.gov/newsroom/irs-urges-travelers-requiring-passports-to-pay-their-back-taxes-or-enter-into-payment-agreements-people-owing-51000-or-more-covered See also: goo.gl/WWScuK goo.gl/5Z25zq www.duanemorris.com/alerts/us_citizens_federal_tax_debt_may_be_unable_travel_abroad_0419.html Update: bambridgeaccountants.com/us-expat/2020/10/29/americans-continue-giving-up-citizenship-at-record-levels 0
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Canada: OSFI releases final updated Corporate Governance Guideline
www.stikeman.com/en-ca/kh/insurance-law/OSFI-Releases-Final-Updated-Corporate-Governance-Guideline goo.gl/ciyMRm www.osler.com/en/blogs/risk/february-2019/new-guidance-from-osfi-on-technology-and-cybersecurity-incident-reporting blg.com/en/News-And-Publications/Publication_5425?utm_campaign=Pith%20%26%20Substance&utm_medium=email&utm_source=Revue%20newsletter 0
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Brazil: Amendments to RERCT regime published (Port)
goo.gl/UfaS6m goo.gl/nc8iod fatelcontabilidade.com.br/noticias/tecnicas/2018/09/25/receita-federal-atualiza-regras-do-regime-especial-de-regularizacao-cambial-e-tributaria.html normas.receita.fazenda.gov.br/sijut2consulta/link.action?visao=anotado&idAto=95102 legislacaoemgeral.blogspot.com/2018/09/instrucao-normativa-rfb-n-18322018.html#!/2018/09/instrucao-normativa-rfb-n-18322018.html 0
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