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As a result of the United Kingdom ( UK ) exiting the
European Union ( EU ) on 1 January 2021, a number of
financial institutions in the UK lost their exclusive
right of access to utilize the European Economic Area
( EEA ) passporting rules.
1 These changes have also been felt
by financial institutions based in Gibraltar.
Back in 2016, it was reported around 5,500 UK companies with
licensed activities which have passported their authorization
(
i.
e., a licensed activity) into the EEA are
impacted as a result of the UK exiting the EEA bloc.
On Monday, May 10, 2021, Department of Homeland Security (DHS) Secretary Alejandro Mayorkas withdrew from the Federal Register, the rule proposed by the Trump Administration in May 2018.
The Paycheck Protection Loan program created by the CARES Act thrust the U.S. Small Business Administration's complicated size standards into the spotlight for many companies that .
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The Decree of the President of the Republic of Uzbekistan
“On Measures for Further Development of the Capital
Market” No.УП-6207 dated on 13 April 2021 (the
“Decree No.УП-6207”) defined the main
directions of development of the capital market.
The Decree No.УП-6207 has the following main
objectives:
increasing the total volume of free securities in the GDP of
the country to 5%;
increase capital market capitalization to UZS 45 trillion by
2023;
increasing the availability of market capital;
target 40,000 people by 2023 in support of upgrading the
knowledge and skills of capital market participants.
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Over the last decade, Canadian tax and private client
practitioners have faced an ever-increasing amount of international
and cross-border inquiries. Canada s rapidly changing
demographics are partially responsible for this trend. The
country s largest city, Toronto, and the region surrounding it,
is the most ethnically diverse place in the world. Roughly half of
the Toronto area s population is foreign born and belongs to a
visible minority group. Similar demographic shifts are also at play
in other major Canadian urban centres, including Montreal and
Vancouver.
Unlike Canada s neighbour to the south, the country is not a