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Tax Exemptions Financial Regulatory Reform

BCLP

REIT reform in the UK - further modernisation

BCLP on

The Government has announced a further series of proposed changes to the UK REIT rules as part of the wider review of the UK funds regime and published draft legislation. This third set of changes are earmarked for...more

Dechert LLP

President’s Working Group on Financial Markets Issues Report on Money Market Fund Reform Options

Dechert LLP on

The President’s Working Group on Financial Markets (PWG) on December 22, 2020 released a report on potential reform options for money market funds (Report). The Report states that the significant outflows experienced by prime...more

Burr & Forman

FINRA Fines UBS for Muni-Interest Reporting Errors

Burr & Forman on

The Financial Institutions Regulatory Authority fined a UBS unit $750,000 for mistakenly reporting customers’ municipal-bond-account interest was tax-exempt, when the firm’s handling of the trades made it taxable instead....more

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