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Showing 21 - 30 of 960 matches filtered by 'Banking and finance'

  • New Rules on Material Related Party Transactions for Premium and Standard Listed Companies

    The purpose of the Shareholders Rights Directive II (“SRD II”) is to encourage long-term shareholder engagement and transparency between traded companies and investors. These changes came into force on 10 June 2019 and Member States have transposed the SRD II's provisions into national law. These require UK companies with shares admitted to trading on a regulated market in the UK or EU to have safeguards...
  • Online Platforms: "Walking" the line between legal and financial services compliance (Part 2 of 5)

    Regulatory permissions Under the Financial Services and Markets Act 2000 (“FSMA”) a person cannot carry on any “regulated activities” unless they are authorised by the FCA, or unless it falls within an exemption or exclusion.  Any contravention of this prohibition is a criminal offence.
  • Online Platforms: "Walking" the line between legal and financial services compliance (Part 1 of 5)

    The proliferation of online platforms in financial services has created a new mechanism for distributing financial services.  This article sets out the legal and regulatory challenges faced by an online financial services platform. 
  • FCA Publishes Finalised Guidance on Cryptoassets

    On 31 July 2019, the UK’s Financial Conduct Authority (the “FCA”) released policy statement PS19/22 : Guidance on Cryptoassets setting out the FCA’s final guidance on cryptoassets and their treatment within the FCA’s regulatory remit (the “Guidance”).  The Guidance follows the consultation paper CP19/3 (see our previous article from February 2019) released in January and the Cryptoassets Taskforce’s...
  • Brexit news for financial services firms - from 6 July 2019 to 19 July 2019

    1.  HMT: LAUNCH FINANCIAL SERVICES FUTURE REGULATORY FRAMEWORK REVIEW HM Treasury has launched the first phase of the Financial Services Future Regulatory Framework review. This phase will look at how coordination between the regulatory authorities could be improved. Future phases will look at what adaptation is needed as the UK leaves the EU. The review is seeking submissions in relation to the...
  • Crowdfunding: Not only equity but also debt instruments. Proposals for amendment to the Consob Regulation under consultation until 20 July 2019

    The 2019 budget law introduced certain amendments to the specific Italian law on crowdfunding (Crowdfunding Regulation no. 18592/2013), in order to extend the provisions on crowdfunding, bonds and debt instruments issued by small-medium enterprises (“SME”).
  • Brexit news for financial services firms from - 21 June 2019 to 5 July 2019

    SWISS- EU RELATIONS: SWITZERLAND LOSES STOCKMARKET EQUIVALENCE The EU failed to renew its trading venue equivalence decision for Switzerland under MiFID/MiFIR. The previous short term decision expired at the end of June. The Swiss Federal Department of Finance (FDF) responded with measures announced in their press release here.  The Financial Times reported on market reaction in its article of 30...
  • Brexit news for financial services firms - from 10 June 2019 to 21 June 2019

    PRA:PS5/19 THE BANK OF ENGLAND'S AMENDMENTS TO FINANCIAL SERVICES LEGISLATION UNDER THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 An updated version of this PS has been published. The updated version can be found here.
  • Crowdfunding: The Council for the EU publishes the next step towards an EU Crowdfunding Regulation

    On 26 June 2019, the Council for the European Union published a compromise proposal in relation to the European Commission’s draft framework to regulate crowdfunding platforms in the EU (the "Crowdfunding Regulation"). The proposed regulation is part of the Council’s efforts to improve access by investors and businesses to new financing sources.  The compromise proposal published follows the European...
  • PRA Dear CEO Letter to Fast Growing Firms

    On 12 June 2019 the PRA published a new ‘Dear CEO’ letter summarising the regulator’s findings from a review of 20 non-systemic deposit taking firms that it has undertaken over the past year. The firms reviewed are mostly growing faster than the market as a whole, so the PRA refers ...