From Lexology

AUSTRALIA: New Bill to introduce regulations for digital assets activities

Senator Andrew Bragg has released the Digital Assets (Market Regulation) Bill 2022 for consultation. The Bill seeks to protect consumers and promote…

20 September 2022

VARA announces rules on marketing of crypto currencies and other virtual assets

The issue of the Dubai Law No. 4 of 2022 regulating Virtual Assets in Dubai (VA Law) issued in March 2022 created a lot of buzz and further…

17 September 2022

Future of financial services regulation - PRA's approach to policy

Following the introduction of the Financial Services and Markets Bill to parliament on 20 July 2022 (see our post), the PRA has published a…

15 September 2022

ISRAEL: New Regulations for the Supervision of Financial Services (Regulated Financial Services) (Exemption from the licensing obligation) 2022

We would like to bring to your attention that on the 7th of September, the Finance Committee of the Knesset approved new Regulations for the…

14 September 2022

Outsourcing in Luxembourg: CSSF Consolidates Regulations for Financial Institutions

The financial services regulations relating to outsourcing by Luxembourg-headquartered financial institutions have been significantly simplified by…

09 September 2022

UK Financial Services and Markets Bill - what it means to technology providers and users in the financial services sector

The UK Financial Services and Markets Bill (“FSMB”) and the accompanying explanatory notes were published on 20 July. The FSMB signals upcoming…

08 September 2022

Bank Directors and the Art of Serving Multiple Masters

The banking environment is somewhat unique for directors in providing an always-perplexing issue: Who is my constituency…

08 September 2022

Explained (UAE): Is it legal to claim unclaimed account funds from international banks?

In the United Arab Emirates, there are rules which regulate the handling of dormant accounts and unclaimed balances. These regulations are called the…

07 September 2022

US: Proposed regulation ZZ’s LIBOR transition rules for tough legacy contracts

The London Interbank Offered Rate (“LIBOR”) has been the dominant interest rate benchmark around the globe for some time. Following the financial…

06 September 2022

The UK FCA’s CryptoSprint: a race to regulate cryptoassets?

The UK’s Financial Conduct Authority (the FCA) held its first CryptoSprint in May 2022 involving over 100 participants from the crypto industry…

06 September 2022

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