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Showing 121 - 130 of 963 matches filtered by 'Banking and finance'

  • Brexit update for financial services firms - week ending 20 July 2018

    23/07/2018
    The week in outline: Following the publication of the White Paper last week Her Majesty's Government’s preparations for Brexit continue. A number of draft Statutory Instruments (SIs) relating to financial services (FS) have been introduced under the European Union (Withdrawal) Act 2018 (see “other publications” below). Most notable was the ...
  • Brexit update for financial services firms - week ending 13 July 2018

    19/07/2018
    The week in outline: Her Majesty’s Government (HMG) published its long awaited White Paper ‘The future relationship between the United Kingdom and the European Union’ on July 12. In summary, and as expected, HMG announced a major policy change with a new bifurcated approach to the trading relationship: HMG now ...
  • Brexit update for financial services firms - week ending 6 July 2018

    11/07/2018
    The week in outline: The week was dominated by domestic UK politics and the cabinet's Brexit 'away day' at Chequers. The cabinet statement (see document 1 below) released on Friday night confirmed the anticipated approach of HM Government (HMG). This high-level document is due to be followed by the publication ...
  • Brexit update for financial services firms - week ending 29 June 2018

    03/07/2018
    The week in outline: The European Union (Withdrawal) Act 2018 (the ‘EU(W)Act’) received Royal Assent. HMT published an overview (document 2 below) which provides a summary of the legislative preparations on the UK side for a ‘no-deal’ scenario (under the EU(W)Act). These include the ‘no-deal scenario’ transitional measures which the ...
  • Brexit update for financial services firms - week ending 22 June 2018

    28/06/2018
    The week in outline: The week was dominated, again, by the EU (Withdrawal) Bill. The bill has completed the parliamentary process and now only awaits the formality of Royal Assent. The Act will repeal the European Communities Act 1972 and provide the mechanism for the domestication (or ‘on-shoring’ or ‘porting’) ...
  • Switzerland adopts new laws on Financial Services and Financial Institutions

    25/06/2018
    On 15 June 2018, the Swiss Parliament passed the Swiss Financial Services Act (FinSA) and the Swiss Financial Institutions Act (FinIA) in a final vote on both pieces of legislation. FinSA specifies the rules of conduct that financial service providers must adhere to. The law also contains prospectus obligations, and ...
  • Brexit update for financial services firms week ending 15 June 2018

    20/06/2018
    The week in outline: The week was dominated by the debates in the HoC and amendments to the EU (Withdrawal) Bill. UK Parliamentary committees continue to raise issues in the FS sector. In our last update, we looked at the UK’s position during the proposed transition period under the draft ...
  • Brexit update for financial services firms week ending 8 June 2018

    13/06/2018
    The week in outline: Verena Ross of ESMA has emphasised that Brexit requires ESMA to strengthen the Capital Market Union and reform third country treatment. This begs the question whether the EU is toughening its third country regime in financial services as a negotiation strategy and a failsafe against a ...
  • EU temporary measures on CFDs and binary options

    13/06/2018
    On 22 May 2018, the European Securities and Markets Authority (“ESMA”) adopted two decisions implementing temporary product intervention measures. These decisions restrict the marketing, distribution and sale of contracts for difference (“CFDs”) and binary options to retail clients in the European Union. These decisions only apply for a period of ...
  • SMEs about to get facilitated access to financing: a new prospectus exemption

    12/06/2018
    The Belgian government recently endorsed a series of legal initiatives jointly tabled by the Minister of Economic Affairs and the Minister of Finance. One of the main objectives is to make it easier for SMEs to raise funds through public offerings. A company wishing to raise less than EUR 5 ...