An Eversheds Sutherland Resource - Keeping you up to speed: Russian and Belarusian sanctions updates
This briefing summarises the key developments from 1 July 2022.
This briefing summarises the key developments from 1 July 2022.
On 19 July 2022, the UK Government issued legislation which changed the definition of a “relevant firm” to now include crypto-asset exchange providers and custodian wallet providers (“Crypto Firms”). As such Crypto Firms will now have reporting obligations under UK sanctions legislation.
The European Commission announced two proposals which aim to strengthen sanctions compliance and effectiveness across the EU.
On 27 July 2022, the Financial Conduct Authority (FCA) published a Policy Statement (PS22/9) and Finalised Guidance (FG22/5) setting out final rules and guidance on the new Consumer Duty (the Duty). The Duty sets higher expectations of the standard of care that firms give consumers.
International shipping rates are at all-time highs, and continuing parts shortages (e.g., semiconductors) could lead to disruptions lasting until 2023, meaning companies in the sector will need to tighten up the management of their supply chains.
FCA policy statement PS22/8 “Protecting investors in authorised funds following the Russian invasion of Ukraine” sets out emergency measures to deal with the impact of the Russian invasion of Ukraine on authorised funds and retail investors, and came into force on 11 July 2022.
This issue-spotting checklist is designed to aid with identifying key considerations associated with determining whether a severance arrangement is exempt from Section 409A of the Internal Revenue Code or is required to comply with it. Section 409A is complex and is advisable to confirm any determinations with legal counsel.
This checklist is intended to be a useful informative tool to help the buyer company identify potential issues and liabilities associated with the target company’s benefit plans so that those issues and liabilities can be effectively managed, minimized or eliminated. However, each acquisition is unique and will require an individualized assessment. This checklist is a starting point and guide in conducting such an assessment.
This is a sample audit document collection checklist that covers: Qualified Retirement Plans, Specific Plan Documents, Defined Benefit Plans, Union Plans, Group Health, Dental, and Vision Plans, Other Welfare Arrangements, etc.
Sample Retention Incentive Agreement Contract