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Showing 71 - 80 of 1186 matches filtered by 'Banking and finance'

  • Belgium: Directors of regulated firms can no longer be bound by an employment contract

    31/08/2021
    Until recently, directors of regulated firms were permitted to serve as directors on a self-employed basis and, at the same time, to perform their operational functions as employees. Those days are now over. This change has involved a number of stages. The first milestone in this reform was the adoption ...
  • New HM Treasury Consultation Response: changing the way financial promotions are approved for unauthorised persons

    02/08/2021
    On 22 June 2021, HM Treasury (“HMT”) published its response (the “Consultation Response”) to its earlier consultation (the “Consultation”) in July 2020, announcing changes to legislation and the regulatory framework for approving financial promotions for unauthorised persons. 1. Background Currently, authorised firms may approve the financial promotions that are made ...
  • UK Government explores AML reform for Open Banking payment service providers

    27/07/2021
    On 22 July 2021, HM Treasury published a consultation paper covering various proposed amendments to the UK’s anti-money laundering (AML) framework, including the potential removal of account information services (AIS) from the scope of the Money Laundering Regulations (MLRs). HM Treasury is also inviting feedback on the potential money laundering ...
  • New SM&CR for FMIs proposed by HM Treasury

    26/07/2021
    HM Treasury is proposing to introduce a Senior Managers and Certification Regime (“SM&CR”) for financial market infrastructures (“FMIs”) to encourage effective governance, incentivise good behaviour and ensure employees give adequate oversight to the areas for which they are responsible. The deadline for responses is 22 October 2021. The FMIs covered ...
  • The Wholesale Markets Review – fine-tuning the MiFID II regime?

    23/07/2021
    On 1 July 2021, HM Treasury published a consultation paper launching its Wholesale Markets Review, which is pitched as an opportunity to make the UK’s financial services rulebook “nimble and fit for purpose” following the UK’s departure from the EU. The consultation paper addresses a number of areas under the ...
  • 5 things to take away from the FCA’s Business Plan

    22/07/2021
    On 15 July, the FCA published its Business Plan and set out its key priorities for the year ahead. There is much talk about the FCA’s own internal transformation programme and how the organisation intends to become a forward-looking, proactive data-led regulator which is prepared to meet future disruption head ...
  • China Futures Law: netting, collateral and prudential requirements for banks

    ZH
    13/07/2021
    The Standing Committee of the National People’s Congress of the People’s Republic of China (the “NPC”) published a draft Futures Law in May. The main purpose of the Futures Law is to codify the law in relation to futures (being standardized exchange-traded derivatives). The Futures Law also regulates other markets, ...
  • Bitesize Briefings: FCA - Difficult Conversations

    29/06/2021
    FCA - Difficult Conversations Sometimes things don't go to plan and when that happens, firms may find themselves having difficult conversations with the FCA. Our bitesize breakfast briefings are packed with practical tips based on our collective experiences, designed to help you navigate those conversations and manage challenging situations. Episode ...
  • Cryptoassets and fraud – remedies available from English courts

    25/06/2021
    In ION Science Ltd v Persons Unknown and others[1], the English Commercial Court added to a string of recent judgments which offer effective remedies for dealing with frauds and thefts related to cryptoassets. The judgment further reinforces that cryptoassets can be treated as “property” under English law and is a ...
  • FCA’s findings into cryptoasset consumer research 2021 – what does the public think of crypto?

    22/06/2021
    On the 17th of June 2021, the Financial Conduct Authority (“FCA”) released a new publication covering insights gathered from research into consumer attitudes towards the ownership of cryptocurrencies.[1] This is the fourth study on this topic that the FCA has conducted since October 2018, examining potential harms and benefits to ...