Focus Insight

New regulations enable BVI companies to trial innovative fintech products

The British Virgin Islands recently introduced new regulations relating to products and services in the innovative fintech space, reaffirming its…

31 July 2020

Proposed amendments to the European Benchmark Regulation address “tough legacy” IBOR Contracts

The European Commission has today published a draft regulation to amend the Benchmark Regulation (“BMR”), in respect of (i) the exemption of certain…

24 July 2020

Government consultation on broadening the regulation of cryptoassets

On 20 July 2020, HM Treasury released a consultation paper regarding cryptoasset promotions (the "Consultation"). In this alert, we briefly review the…

22 July 2020

A single financial services regulator for the UAE

The UAE has announced that the regulation of the financial services sector will be undertaken by one unified regulator, and that the two existing…

15 July 2020

FATF report to the G20 on stablecoins

Stablecoins have attracted much regulatory attention lately. The G7 working group on stablecoins, the International Organization of Securities…

14 July 2020

SWITZERLAND: FINMA brings more clarity to transition regimes for financial service providers

The new Financial Services Act and Financial Institutions Act came into force on 1 January 2020 together with their implementing ordinances. These…

14 July 2020

FCA finalised guidance for payments firms: safeguarding customer funds and Covid-19

The FCA recently issued its finalised guidance for payments and e-money firms on safeguarding customer funds and Covid-19. The guidance is designed…

14 July 2020

PRA sets expectations for managing climate risk

On 1 July, Deputy Governor of Prudential Regulation and CEO of the Prudential Regulation Authority Sam Woods wrote to regulated banks and…

08 July 2020

Blockchain Bites: Bank of Canada CBDC analysis, ASX delays CHESS replacement, Digital assets on the agenda at the CFTC and FCA, Telegram and SEC settlement

Canada’s central bank, the aptly named Bank of Canada (or Banque du Canada for our Québécois readers) (BOC) has released a set of comprehensive staff…

07 July 2020

Bank of Russia simplifies procedures for issuing securities and disclosing information

On 11 May 2020, a new Bank of Russia Regulation* “On Standards for the Issuance of Securities” (the “Regulation on Issuance Standards”) came into…

02 July 2020

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