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Recent Articles

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    03/06/2024
    United Kingdom

    Ancillary Activities Exemption – a change in approach for commodity derivatives and emission allowances firms

    On 29 May 2024, the Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) (Amendment) Order 2024 (SI 2024/719) (the “2024 Order”) was published alongside an explanatory memorandum. The 2024 Order omits prospective amendments to the UK regulated activities perimeter, with the effect that the planned changes to the ancillary activities regime for firms trading commodity derivatives or emission allowances have been indefinitely delayed. This followed significant concerns from industry that moving to a qualitative approach to determining whether firms require...
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    03/06/2024
    Belgium

    The Belgian Competition Authority accepts Telenet’s commitments relating to the broadcasting rights for cyclo-cross races

    FR
    In 2015, Telenet, Belgium’s largest television cable provider, and the V.Z.W. Verenigde veldritorganisatoren (V.V.) and the Union Cycliste Internationale (U.C.I.), both owners of cyclo-cross races broadcasting rights, concluded an exclusive agreement on broadcasting rights for, respectively, the Superprestige and the UCI World Cup cyclo-cross races for a duration of five years.Following a complaint by Proximus, in November 2015 the Competition College of the Belgian Competition Authority imposed interim measures on Telenet and the V.V., confirming a prima facie infringement of competition...
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    03/06/2024
    Turkiye

    Türkiye drafts long-awaited regulations on cryptoassets

    On 16 May 2024, the newest version of the highly discussed draft regulations for cryptoassets (Draft) was submitted to the Presidency of the Grand National Assembly of Türkiye.The Draft proposes regulating certain crypto activities and the cryptoasset service providers (Service Providers) under the Capital Markets Law No. 6362 (Law), specifying that provisions of the Law that does not explicitly refer to Service Providers will not apply to them. According to the explanatory memorandum accompanying the Draft, the regulations emphasise an approach that avoids hindering the development of blockchain...
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    03/06/2024
    United Kingdom

    Navigating the final frontier: RHC’s report on The Future Regulation of Space Technologies

    The Regulatory Horizons Council (“RHC”) has published an independent report titled “The Future Regulation of Space Technologies: Plugging the gaps in space”. The report concludes that the regulatory landscape for space innovation is mostly ‘missing in action’, whilst technologies are racing ahead. Without robust regulations on space activities, there is a heightened risk of conflict, harm to the space environment, and missed opportunities for innovation. The RHC calls upon the UK government to lead in championing the protection, safety, and fair use of the space...
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  •  
    03/06/2024
    China

    Chinese Tax Regulation Update - May 2024

    The latest development in China Tax Regulation mainly includes:Announcement [2024] No. 3 jointly released by the Ministry of Finance (“MOF”) and the State Administration of Taxation (“SAT”)Announcement [2024] No. 2 jointly released by the MOF and the SATSAT Announcement [2024] No. 5Please click here to read the full article.
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    31/05/2024
    Scotland

    Blockchain technology in the Scottish food and drink sector: against the grain?

    IntroductionScotland’s food and drink sector is reported to be a c. £15 billion industry. However, while the importance of the sector to the Scottish (and wider UK) economy is unlikely to change, the technology available to producers in terms of how they run their businesses is constantly evolving. In this Law-Now, we outline various ways in which businesses operating in the food and drink industry may be able to make use of fintech to maximise the potential of this vibrant sector. Use casesGiven the current success of the Scottish food and drink sector, producers may question...
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