Articles

Search Filters

Advanced Search Advanced Search
Date range:

Showing 41 - 50 of 978 matches filtered by 'Banking and finance'

  • Online Platforms: "Walking" the line between legal and financial services compliance (Part 1 of 5)

    05/08/2019
    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

    01/08/2019
    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

    22/07/2019
    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

    19/07/2019
    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

    11/07/2019
    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

    10/07/2019
    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

    01/07/2019
    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

    14/06/2019
    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 ...
  • The overdraft market - a new era

    12/06/2019
    Described as the “biggest overhaul to the overdraft market for a generation”, the FCA has announced the introduction of reforms to address what it sees as a dysfunctional overdraft market. This follows on from their consultation paper which, alongside the repeat use remedies (mentioned below), will come into force on 18 December 2019.
  • Brexit news for financial services firms - from 25 May 2019 to 7 June 2019

    10/06/2019
    1. FCA/AFM: JOINT AGREEMENT FCA and the Dutch Authority for the Financial Markets (AFM) met on 3 June 2019 and have signed a joint agreement of cooperation (the text of which has not been published). FCA notes that, in addition to building cooperation and information sharing post-Brexit, the agreement also ...