Managers of Wealth Fintech

DIFC is a top priority for UK data transfer “adequacy” status

The UK has formally announced that it is assessing the DIFC as a “top priority” for an “adequacy” decision for personal data transfers.

PRIIPs KID – Commission publishes its proposed Level 2 RTS

The European Commission has formally adopted its proposed Level 2 measures regarding the content of the PRIIPs KID along with a delay to their application.

The risks of token regulation

Speech by Charles Randell, Chair of the FCA and PSR, to the Cambridge International Symposium on Economic Crime.

SRD II: Transforming Global Proxy Voting And Shareholder Disclosure

Investor communications is a core competency, at the heart of Broadridge.

UK data protection reform planned

The previous UK Data Protection Act implemented the 1995 EU directive and had been in force since 1998.

MAS Orders Binance Halt

Binance must stop offering services in Singapore

Milbank Advises General Atlantic on Joint Venture

General Atlantic will serve as one of four partners in the venture, supporting the group with its international expertise in the field of digital marketplaces.

MAS Joins BIS Trial for CBDC Use in International Settlements

The project will work with multiple partners to develop technical prototypes on different distributed ledger technology platforms.

Dawning of a New Era: China’s Personal Information Protection Law

Data controllers remain responsible for supervising the entities to whom they have entrusted the processing of personal information (i.e. the equivalent of a data processor under the GDPR) (data processor).

SEC Charges Eight Firms for Cybersecurity Shortfalls

According to the commission, the firms' faulty cyber policies and procedures didn't protect private client information after third parties fraudulently took over company email accounts.

SEC to Monitor Illicit Activity on DeFi Platforms

Agency Contracts With Blockchain Firm AnChain.AI; Experts Weigh In

Banks back tougher payments laws as tech giants welcome the scrutiny

Governor Philip Lowe said in early August this would give the central bank more “flexibility” to regulate global technology giants entering the financial sector.

ANZ, Citi, HSBC and Standard Chartered in the running for MAS digital currency prize

The proposals from the finalists sought to address multiple problem statements through a variety of technology approaches including hardware wallets, digital identity and asset tokenisation.

Chinese Regulators Target Finance-Related Online Content

Commercial websites and platforms will be ordered to clean up finance-related posts and close accounts

Complying With CASS rules in the Insurance Industry

This is a key regulatory requirement for in-scope CASS 5 firms and those firms must be able to show evidence of compliance with the FCA CASS rules.

Latham & Watkins Advises Hg on Acquisition

German-led team advised the leading software investor on the transaction.

Developments in the Mauritius Fintech Sector

Should such applicant meet the required eligibility criteria and satisfy the set requirements

Off‐Shore Crypto Exchange to Pay Up to $100 Million to Resolve Enforcement Action with U.S. Regulators

Civil enforcement actions and criminal charges against BitMEX’s founders are pending.

Hogan Lovells advises Bitfield NV

In this quickly growing and dynamic environment

Asia Data Protection Update

The key issue is how the these new laws will affect the transfer of data out of mainland China.

Legal,Regulation,Tax & Compliance