01/25/2022
Financial Regulation Daily Update
In case the draft CDA criteria are adopted, the Platform has formulated specific recommendations on the disclosure obligations for corporations and financial products.
Legal, Regulation & Compliance
01/25/2022
New notification requirements for FCA regulated investment firms in groups
The notification needs to be made “immediately” on the relevant investment firm becoming aware of the notifiable change.
01/25/2022
How Can Financial Institutions Achieve Efficient Regulatory Reporting?
When the accountholders provide their information to a financial institution, they expect that the institution will use their information to comply with the law.
01/25/2022
Cyprus Beneficial Owners regime- Factsheet
To the extent that they are registered with the Department of Companies and Intellectual Property
01/24/2022
Brussels faces threat of legal challenge over sustainable finance rules
Austria and Luxembourg say they will pursue lawsuit over so-called green ‘taxonomy’ rules
01/24/2022
European Commission approves German hydrogen import programme H2Global
The EU Commission also said that in the future H2Global should help to meet the expected hydrogen demand not only of Germany but also of the EU, since the EU Commission expects demand to increase significantly.
01/24/2022
Future UK IP rights exhaustion regime decision delayed
As a result, it has not been possible to make a decision based on the criteria originally intended.
01/24/2022
Fraudster duo jailed over £2.5m boiler room investment scam
The defendants were part of an organised criminal group which has been sentenced after a series of four separate trials, involving two separate frauds.
01/24/2022
FCA staff to vote on strike action following regulator refusal to negotiate
CEO Rathi dismissed concerns as ‘noise’
01/21/2022
UK imposes broad new rules and restrictions on promotions in the crypto industry
The government consulted on extending the financial promotions regime to the crypto industry in 2020.
01/21/2022
Cyprus: Overview of procedures and requirements for submission of beneficial ownership data
In accordance with the law, a beneficial owner is defined as any natural person(s) who ultimately owns or controls the "obliged entity" and/or the natural person(s) on whose behalf a transaction or activity is being conducted and includes at lea
01/21/2022
Financial Services & Banking News
The cryptoasset promotion requirements will apply from the date qualifying cryptoassets are brought within the financial promotion regime.
01/21/2022
Financial Regulation: Daily Update
ESMA initiates supervisory action on valuation of UCITS and open-ended AIFS
01/21/2022
FCA review finds evidence of growing competition in retail banking
Greater competition in retail banking is driving choice and lower prices for consumers and small businesses, despite the financial impact of the pandemic.
01/21/2022
Standard Bank fined by Isle of Man regulator over serious regulatory failings
In this case, the Authority said it was assured that the failings were isolated in nature rather than being systemic across the business.
01/21/2022
Financial Services & Banking News
ESMA announces launch of CSA with NCAS on valuation of UCITS and open-ended AIFS
01/20/2022
Carey Olsen's Russell Clark named in 2022 eprivateclient 50 Most Influential
It is the third year in a row that Russell has been named on the list, and he remains the only Guernsey-based lawyer to be included.
01/20/2022
Financial Regulation: Daily Update
The FCA has published a new webpage on the borrowers in financial difficulty (BiFD) project.
01/20/2022
Three ways the FCA wants to tackle high risk investments
The FCA’s draft rules also proposed restrictions on the marketing of cryptoassets, in preparation for the government bringing the promotion of these high-risk investments under the regulator's remit.
01/20/2022
FCA to strengthen financial promotions rules to protect consumers
Under the proposed rules, the FCA would ensure firms that approve and communicate financial marketing have relevant expertise and understanding of the investments being offered