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Showing 1 - 10 of 1188 matches filtered by 'Banking and finance'

  • English High Court grants summary judgment in cryptoasset fraud claim

    08/12/2022
    The English High Court has recently granted summary judgment in favour of Mr Gary Jones, who brought claims against the First Defendant (the persons unknown who transferred Mr Jones’ cryptocurrencies to other accounts) and Second Defendant (the persons unknown who owned or controlled the accounts into which the cryptocurrencies were ...
  • NFTs as property – Singapore and the UK

    07/12/2022
    Janesh s/o Rajkumar v Unknown Person (“CHEFPIERRE”) [2022] SGHC 264 was a landmark case where the Singapore High Court granted a worldwide freezing injunction preventing the sale or transfer of a non-fungible token (“NFT”). The case sets a significant precedent for the recognition of NFTs as legal property in Singapore, ...
  • Synthetic LIBOR update: 3 month synthetic sterling LIBOR to cease end March 2024 and FCA consultation on synthetic US dollar LIBOR settings

    01/12/2022
    On 23 November 2022 the Financial Conduct Authority (the “FCA”) announced that the 3 month synthetic sterling LIBOR setting will cease permanently at the end of March 2024. The FCA also launched a further consultation on proposals regarding synthetic US dollar LIBOR – proposing to publish 1 month, 3 month ...
  • English High Court hands down first judgment on the new ‘crypto’ service gateway

    01/12/2022
    The English High Court has granted an order requiring a number of crypto exchanges to provide a victim of fraud with information regarding some of their customer accounts and the whereabouts of the victim’s stolen assets. This is not the first time the English court has granted this type of ...
  • New code of conduct for ESG ratings and data providers

    29/11/2022
    The appetite for environmental, social and governance (ESG) focused financial products and services gathers pace. At the same time, financial services firms are under increasing scrutiny for "greenwashing", which refers to false claims of how "green" or socially-focused a financial product or service may be. Many firms are making their ...
  • ESG: A summary of the FCA’s Sustainability Disclosure Requirements (SDR) and investment labels consultation paper (CP22/20)

    17/11/2022
    The FCA’s long-awaited Consultation Paper setting out its proposals for the UK’s sustainability disclosure regime (CP22/20) was published on 25 October 2022. The updated proposals are materially different to those set out in the FCA’s November 2021 Discussion Paper (DP21/4), reflecting the strength of feedback on the Discussion Paper and ...
  • Dubai: Decrypting the new DFSA Crypto Regime

    08/11/2022
    In March earlier this year, the Dubai Financial Services Authority (“DFSA”) issued a consultation paper on the regulation of Crypto Tokens (“CP143”). CP143 set out the DFSA’s proposals for a regulatory framework overseeing crypto tokens, a link of which can be found here. On 17th October 2022, the DFSA provided ...
  • Financial Services & Markets Bill: A new beginning? UK financial services in a post-Brexit world

    02/11/2022
    On 20 July 2022, the Financial Services and Markets Bill (the Bill) was introduced into Parliament. The Bill is the largest piece of financial services legislation for over two decades and covers a wide range of topics. However, it contains very few surprises because all of its main proposals have ...
  • Changes to crypto regulation on the horizon

    02/11/2022
    On 20 July 2022, the Financial Services and Markets Bill (the Bill) was introduced into Parliament. The Bill is the largest piece of financial services legislation for over two decades and covers a wide range of topics. At that time, we published an article which mentioned that the Bill contains ...
  • Tokenised Funds Series: Paper 5 – Operational & Cyber Resilience Implications

    21/10/2022
    CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory considerations, and prospectus disclosures that may be necessary. This is the fifth paper in which we explore the implications for firms running tokenised funds from an operational and ...