Source: Financial Times There are ten things advisers should know about the European Union’s Packaged Retail and Insurance-based Investment Products (Priips) regulation. 1. Legal basics The regulation on key information documents for Priips, Regulation (EU) 1286/2014) will introduce a new product disclosure document, the key information document (Kid). In April 2017, the European Commission published […]

The Saudi Arabia Government has approved the final Kingdom of Saudi Arabia VAT Law and published the statute in the official gazette, Um Al Qura Edition 4681, on 28 July 2017. The highlights of the Law are: Effective date of implementation – Article 53 provides that the Law shall be effective from the beginning of the financial year following […]

On January 1, 2018, value-added tax (VAT) will come into effect for the first time in the UAE. Naturally, small businesses are concerned about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. While there will be implications for systems, infrastructure, skills and training, there […]

One of world’s leading universities in London was victim to a significant cyberattack. University College London (UCL) is one of London’s leading multidisciplinary universities. The attack targeted the institution’s IT systems, shared drives and management systems, affecting over 35,000 students and 11,000 staff. The ransomware attack started appearing through phishing emails. UCL email system of […]

Looking to the future – Steven Maijoor addresses FIA IDX conference, no more MiFID II delays • The chair of ESMA has pledged there will be no further delay on the implementation of MiFID II. • Speaking during the FIA IDX conference in London, ESMA’s Steven Maijoor eased concerns that the regulation would face further […]