11/23/2021
FSB Statement to Support Preparations for LIBOR Cessation
Active transition of legacy contracts remains the best way for market participants to have control and certainty over their existing arrangements.
Legal,Regulation,Tax & Compliance
11/22/2021
Revolut taps regtech Cube for global regulatory intelligence support
It’s not easy keeping compliant when you’re a global super app.
11/21/2021
FCA confirms recognition of the revised FX Global Code and the Global Precious Metals Code
The FCA expects firms and individuals to consider both the spirit and letter of code provisions to make sure they fully meet ‘proper standards of market conduct’.
11/19/2021
Ashurst to partner with The 6th Annual FinTech Awards to celebrate innovation in FinTech
This year's awards have been expanded reflecting the growth of fintech covering a new award including "Best Crypto or Digital Asset platform/product" with Ashurst again sponsoring the Ashurst FinTech Startup of the Year award.
11/19/2021
SEC proposes update to electronic recordkeeping requirements
The proposed amendments would add an audit-trail alternative.
11/18/2021
Broadridge's SRD II Solution Wins Industry Recognition
Global Proxy Voting and Shareholder Disclosure Solution Win Prestigious Asset Servicing Times Award
11/18/2021
UK government publishes guidance on security rules for tech takeovers
National Security and Investment Act 2021 give ministers power to halt M&As
11/17/2021
Dentons and K&E advise KKR and Global Infrastructure Partners on US$15 billion acquisition of CyrusOne
This all-cash transaction valued at approximately US$15 billionincluding the assumption of debt, is expected to close in the second quarter of 2022
11/16/2021
SS&C to Bolster SoFi Securities’ Compliance Monitoring and Reporting
SS&C’s Risk & Compliance Intelligence Platform to power SoFi’s anti-money laundering and compliance reporting
11/15/2021
SEC rejects bitcoin-based ETF
The Securities and Exchange Commission has rejected a bid to list a bitcoin-based exchange-traded fund.
11/14/2021
FPC: Cloud Adoption
The regulators have now taken an action to review the need for additional policy measures
11/12/2021
CNPD publishes new guidelines on cookies
Cookies can be used for different purposes, i.e. to recognize a user's language choice or the products that the user had placed in his/her basket during a previous shopping session.
11/12/2021
Security intervened in the field of financial technology after the acquisition of part of the British company Monumentally Bank
“At the same time, it represents an opportunity to access the latest technologies and high standards in digital financial services,” the executive added.
11/11/2021
FCA selects Aiimi’s Insight Engine for three year contract
Artificial intelligence and machine learning capabilities offered by the Engine, will identify and alert the FCA to risks before recording and learning from the findings via data training models.
11/11/2021
UK: Lloyd v Google – Game over for privacy class actions?
Together with the decisions in Rolfe and Warren (discussed below), it is likely significantly to curb some of the momentum that had been building around potential scope for opt-out claims in data breach cases.
11/10/2021
Asia Data Protection Update
Proposed security assessment mechanism for transferring data outside of China
11/09/2021
MAS Enhances FinTech Regulatory Sandbox with Sandbox Plus
The Regulatory Sandbox, which is fully bespoke, was enhanced with Sandbox Express in 2019 to provide firms with a faster option for market testing in pre-defined environments.
11/09/2021
The use of data to improve buying decisions from a net zero carbon perspective
The ultimate aim should be a state where suppliers are willing and able to commit to contractual terms under which they are obliged to meet robust carbon reduction targets, and suffer financial or other sanctions if they fail to do so.
11/08/2021
OFAC Reaffirms Focus on Virtual Currency With Updated Sanctions Law Guidance
This update highlights the government’s continued movement toward subjecting the virtual currency industry to the same requirements, scrutiny and consequences in cases of noncompliance as applicable to traditional financial institutions.
11/08/2021
Weaponised Chinese 'GDPR' now launched
Our China team looks at the third and final draft of the PRC Personal Information Protection Law.