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Showing 1 - 10 of 1186 matches filtered by 'Banking and finance'

Synthetic LIBOR update: 3 month synthetic sterling LIBOR to cease end March 2024 and FCA consultation on synthetic US dollar LIBOR settings
01/12/2022
On 23 November 2022 the Financial Conduct Authority (the “FCA”) announced that the 3 month synthetic sterling LIBOR setting will cease permanently at the end of March 2024. The FCA also launched a further consultation on proposals regarding synthetic US dollar LIBOR – proposing to publish 1 month, 3 month ...
English High Court hands down first judgment on the new ‘crypto’ service gateway
01/12/2022
The English High Court has granted an order requiring a number of crypto exchanges to provide a victim of fraud with information regarding some of their customer accounts and the whereabouts of the victim’s stolen assets. This is not the first time the English court has granted this type of ...
New code of conduct for ESG ratings and data providers
29/11/2022
The appetite for environmental, social and governance (ESG) focused financial products and services gathers pace. At the same time, financial services firms are under increasing scrutiny for "greenwashing", which refers to false claims of how "green" or socially-focused a financial product or service may be. Many firms are making their ...
ESG: A summary of the FCA’s Sustainability Disclosure Requirements (SDR) and investment labels consultation paper (CP22/20)
17/11/2022
The FCA’s long-awaited Consultation Paper setting out its proposals for the UK’s sustainability disclosure regime (CP22/20) was published on 25 October 2022. The updated proposals are materially different to those set out in the FCA’s November 2021 Discussion Paper (DP21/4), reflecting the strength of feedback on the Discussion Paper and ...
Dubai: Decrypting the new DFSA Crypto Regime
08/11/2022
In March earlier this year, the Dubai Financial Services Authority (“DFSA”) issued a consultation paper on the regulation of Crypto Tokens (“CP143”). CP143 set out the DFSA’s proposals for a regulatory framework overseeing crypto tokens, a link of which can be found here. On 17th October 2022, the DFSA provided ...
Financial Services & Markets Bill: A new beginning? UK financial services in a post-Brexit world
02/11/2022
On 20 July 2022, the Financial Services and Markets Bill (the Bill) was introduced into Parliament. The Bill is the largest piece of financial services legislation for over two decades and covers a wide range of topics. However, it contains very few surprises because all of its main proposals have ...
Changes to crypto regulation on the horizon
02/11/2022
On 20 July 2022, the Financial Services and Markets Bill (the Bill) was introduced into Parliament. The Bill is the largest piece of financial services legislation for over two decades and covers a wide range of topics. At that time, we published an article which mentioned that the Bill contains ...
Tokenised Funds Series: Paper 5 – Operational & Cyber Resilience Implications
21/10/2022
CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory considerations, and prospectus disclosures that may be necessary. This is the fifth paper in which we explore the implications for firms running tokenised funds from an operational and ...
ESMA Guidelines on suitability updated to take into account sustainability factors, risks and preferences of the clients
14/10/2022
On 23 September 2022, ESMA released an updated version of its Guidelines on certain aspects of the suitability requirements as provided for under Directive 2014/65 on Markets in Financial Instruments (“MiFID II”) (the “Guidelines”). These Guidelines aim to ensure a common, uniform and consistent implementation of the MiFID II requirements ...
The Law Commission’s consultation paper on digital assets (corporate law aspects) – Part 2
29/09/2022
In July 2022, the Law Commission for England and Wales launched its consultation proposals inviting comments and recognition for protection of digital assets (such as crypto-tokens, cryptoassets and non-fungible tokens (NFTs)). In Part 1 of this article we covered (1) the suggested creation of a third category of personal property, ...

Showing 1 - 10 of 1186 matches