On 24 August 2020, the United Arab Emirates (UAE) Cabinet issued Cabinet Decision No. 58 of 2020 on Regulating the Beneficial Owner Procedures (the Regulations) replacing Cabinet Decision No. 34 of 2020 on the Regulations of Procedures Related to Real Beneficiaries.
On 7 October 2020, the Securities and Exchange Commission adopted new rule 12d1-4 and related amendments under the Investment Company Act of 1940 that it believes will streamline and enhance the regulatory framework applicable to fund of funds arrangements.
The Australian Government has announced a number of changes to its migration policies in September in response to the ongoing COVID-19 pandemic. This alert collates some of the recently announced changes that are most relevant to employers in Australia.
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