By Tobias Niehl | Max Welbes | Loyens & Loeff In its press release 18/02 of 5 January 2018 (the Press Release), the Luxembourg supervisory authority for the financial sector (Commission de surveillance du secteur financier – CSSF) informs about a change of policy regarding Luxembourg UCITS investing in other UCI (the Non-UCITS).1 According to the past CSSF policy, Luxembourg UCITS were allowed to invest in a non-UCITS ETF if the Luxembourg UCITS ensured that the non-UCITS ETF effectively complied with the...

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By Houthoff Regulatory Team | +31 (0)10 217 26 29 |regulatory@houthoff.com This overview provides a selection of relevant legal developments regarding financial services regulation including the new rules on PRIIPs, the commencement of the MiFID II regime and amendment of the remuneration rules. Retail Start of PRIIPs regulation As of 1 January 2018, the so-called PRIIPS regulation applies. This regulation introduces the obligation for manufacturers, sellers and advisers of packaged retail and insurance-based investment products (or PRIIPs) to provide retail investors with...

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By Laurence Buchanan | Woody Driggs  | Tony Qui | Ernst & Young Resolution 1: Instill a sense of urgency Yes, the word disruption is likely overused, which could explain why some executives might be covering their ears each time the word comes up. That’s a mistake, because the potential to disrupt or be disrupted is a clear and present danger for businesses in every industry, and every part of the world. Changes that could disrupt your business are happening now,...

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By Melissa A. Bailey  (Washington DC) | Aaron Wilensky  (Washington DC) | Ogletree Deakins The Trump administration continues to look for ways to lessen the regulatory burden on employers. As a result, the Occupational Safety and Health Administration’s (OSHA) electronic recordkeeping regulation continues to be whittled down. OSHA’s latest Regulatory Agenda sets out new changes to the already beleaguered rule. Specifically, OSHA intends to propose to amend the Electronic Recordkeeping rule to eliminate the requirement that establishments with 250 or...

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By Stout More Record Growth in 2017 Stout's Investment Banking group just concluded another exciting year. We added 13 new professionals, executed over 40 engagements, and achieved more than 60% revenue growth for the second consecutive year. Our momentum has continued into 2018, with as many as five transactions expected to be announced this month. New Senior Talent in Key Sectors We broadened our industry expertise with the hiring of Managing Directors John Calcagnini and Steve Rathbone . Based in Los Angeles,...

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By Revinax From a worldwide first in mixed reality to outer space After being the worldwide first to introduce mixed reality in the OR, the Revinax team is very excited to announce that we’ve been selected by the European Space Agency to develop immersive tutorials to train and help astronauts. Our patented tutorial technology was a top candidate in the ESA-BIC Incubator Program of ESA’s competitive cluster Aerospace Valley.  Even though the ESA counts 16 other incubators in Europe, ESA-BIC Sud France is its...

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By Michelle A. White | Associate | Miami, FL |mawhitelittler.com |(305) 400-7549 | Littler According to a news report,1 the Department of Homeland Security (DHS) is considering ending the ability to extend H-1B visas beyond the six-year limit of authorized stay.  Historically, the extensions have been possible pursuant to the American Competitiveness in the Twenty-First Century Act (AC21), which previous administrations have interpreted as allowing such extensions.  The current administration is reconsidering this interpretation in light of the administration’s “Buy America, Hire American” initiative. ...

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By Revinax Dr. Ros becomes member of French Academy of Surgery The Revinax team continues to reap in the distinctions at this end of year. On December 6th, our CEO, Dr Maxime Ros, was elected Associate Member of the French National Academy of Surgery, l’Académie Nationale de Chirurgie. He was awarded this distinction for his work on how immersive 3D virtual reality can contribute to teaching and training surgeons. The National Academy of Surgery, a prominent institution. The National Academy of Surgery...

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By Dennis L. Cohen | Co-Chair, Tax | Philadelphia |(215) 665-4154 | dcohencozen.com | Cozen O'Connor This Alert, which is one of a series from Cozen O’Connor dealing with the recently enacted federal tax reform legislation, summarizes the salient provisions of the new law affecting tax-exempt organizations. Perhaps most noteworthy are the proposals that did not survive the legislative process. For example, none of (i) repealing the income tax exemption of interest on § 501(c)(3) bonds; (ii) imposing the unrelated business income...

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By Bannockburn Global Forex LLC   The USD fell back towards the end of December against the majors despite the passage of the US tax reform, which is expected to provide a modest boost to US growth through 2018 and beyond. The USD weakness towards the end of the month did not have an obvious trigger, and may be best ascribed to seasonal factors, which do tend to weaken the USD towards the end of the year. However, the EUR did...

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