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Showing 21 - 30 of 1160 matches filtered by 'Banking and finance'

  • SFDR continues to evolve: more granular disclosures to be proposed on investments’ exposure to fossil gas and nuclear energy activities

    11/05/2022
    Financial products with exposures in fossil gas and nuclear energy are likely to have more granular reporting requirements under the Sustainable Finance Disclosure Regulation (“SFDR”). The European Commission has tasked the European Supervisory Authorities (the “ESAs”) to propose SFDR amendments to the information disclosed in pre-contractual documents, on websites and ...
  • Tokenised Funds Series: Paper 3 - Prospectus Disclosures

    11/05/2022
    CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory and disputes considerations, and prospectus disclosures that may be necessary. This is the third paper in which we look at the considerations firms should make regarding prospectus disclosures ...
  • Tokenised Funds Series: Paper 2 - Regulatory Considerations

    04/05/2022
    CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory and disputes considerations, and prospectus disclosures that may be necessary. In this paper, we explore the regulatory considerations associated with tokenised funds. The first paper explores the basics ...
  • Tokenised Funds Series: Paper 1 - What, why and how

    27/04/2022
    CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory and disputes considerations, and prospectus disclosures that may be necessary. This is the first paper in which we explore the basics of tokenised funds: what they are, why ...
  • Spain: Preliminary draft bill for the creation of an independent administrative authority for financial services consumer protection

    19/04/2022
    On April 5, 2022, the Spanish Council of Ministers approved the Preliminary Draft Bill for the Creation of an Independent Administrative Authority on Financial Services Consumer Protection (hereinafter, the “Draft Bill”), to apply a set of changes to the relationship dynamic of financial institutions with their clients. The public hearing ...
  • Luxembourg: The ESAs published a revised Supervisory Statement on the application of SFDR

    08/04/2022
    I. Background Despite Level 1 of the Sustainable Finance Disclosure Regulation (SFDR) being applicable for over a year, the Level 2 requirements, set out in the draft Regulatory Technical Standards (RTS) are expected to be applicable on 1 January 2023. During the interim period prior the RTS, the application of ...
  • UK announces multiple developments to make the UK a global hub for cryptoassets – April 2022

    06/04/2022
    On 4 April 2022, key announcements were made regarding the development of the UK cryptoasset sector with the aim of making it a global hub for cryptoassets. HM Treasury (“HMT”) published a response to its January 2021 consultation and call for evidence confirming HMT’s intention to take steps in this ...
  • Ring-fencing review: what next?

    23/03/2022
    The final report of the independent panel for the Ring-fencing and Proprietary Trading review was published on 15 March 2022. The report, based on submissions and evidence submitted by a number of stakeholders to the panel, concludes that the ring-fencing regime has helped to improve the resilience of UK banking ...
  • Belgium: Registration requirements for virtual asset service providers

    22/03/2022
    Following the previously published newsletter regarding the new law that will require virtual asset service providers to comply with the anti-money laundering legislation, the Royal Decree setting out the registration requirements for both the providers of exchange services between virtual currencies and fiduciary currencies, and the custodian wallet providers (both ...
  • The Wholesale Markets Review – no “big bang”

    18/03/2022
    On 1 March 2022, HM Treasury published its response to its consultation on the Wholesale Markets Review (WMR), which closed on 24 September 2021. A relatively large number of organisations from across the industry participated in the consultation and the response engages in some detail with the feedback received. The ...