Managers of Wealth Fintech

Fintechs receive Saudi banking licenses for the first time

The new licences continue SAMA’s efforts to further its financial sector development programme.

Regulatory Challenges of Wealth Management in Asia

In Hong Kong, the Securities and Futures Commission has set out a product due-diligence regime that requires distributors to have a clear understanding of an investment’s features before marketing and distributing it to a client.

Fight for Worldwide Digital Tax in Crucial Phase

In total, Google and Amazon underpaid taxes to the EU in the amount of about €5.5 billion from 2013 to 2015.

Regulation of digital securities evolves in the Abu Dhabi Global Market

For the purposes of the guidance, a ‘digital security’ is defined as types of digital assets that possess the features and characteristics of a security.

Despite US-French truce on DSTs, prospects for broader OECD tax pact remain uncertain

The result at the end of the week appeared to be a ratcheting down of tensions between the US and France

Citi partners with Invesco’s Jemstep to launch robo-adviser

Citi Wealth Builder will be free for clients with at least $50,000 at the bank

Ogier advises gaming operator on £490 million software developer takeover

The consideration for the transaction comprised of cash and new JPJ shares.

Singapore’s new payments law welcomes crypto firms

In particular, solution providers will only need one license to conduct specific payment services.

Digital Assets: What to Do When the SEC Comes Calling

Below is a series of comments shared by the legal experts that participated in the WSBA/Linklaters forum on SEC investigations.

Chris Hemsley's speech at the Westminster Business Forum - 23 January 2020

This is the text of the speech as drafted and may differ from the delivered version.

European Commission seeks public consultation on an EU framework for cryptoassets

The European Commission (EC) published a consultation document in search of opinions on a regulatory framework for markets in cryptoassets.

State Street partners with alts fintech platform iCapital Network

A strong partner with a solution that addresses the needs of the investor, fund manager and investment advisors and distributors is critical.

UK Opens $130,000 Contract to Catch Crypto Tax Evaders

HMRC is one of the UK’s largest organizations, with 60,000 full-time equivalent staff working to collect taxes.

Developments in online-only bank licensing in Asia

The Financial Services Commission has also issued a third preliminary digital licence to a consortium led by Toss

British Prime Minister, African Leaders urge Investors to accelerate Economic Role on the Continent

African Development Bank President Akinwumi Adesina announced a new $80 million Bank-DFID infrastructure financing partnership .

Cayman Islands: FinTech Comparative Guide

The sectors which CIMA regulates are banking services, insurance, trust, securities, mutual funds, cooperative and building societies, corporate services, and money services business.

Broadridge to Acquire FundsLibrary

Acquisition to help asset managers meet UK and EU regulatory requirements

UBS sells B2B fund distribution platform to Clearstream

As part of the transaction, UBS and Clearstream will enter into long-term commercial cooperation arrangements for the provision of services to UBS's Global Wealth Management and Asset Management business divisions

FINRA 2.0

FINRA will also continue to focus on the challenges that the increasingly broad array of digital communications

Consumer warning of 'profiling for profit' by fintechs

The Financial Rights Legal Centre and Consumer Action Law Centre says the enhanced privacy protections in the government's consumer data right legislation are crucial to protect customers

Legal,Regulation,Tax & Compliance