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KENYA: Regulation of Digital Lenders

The Act also provides that the CBK will make regulations necessary to give effect to the Act.

S&C Advises BNP Paribas on $16.3 Billion Sale of Bank of the West

Bank of the West is a California-chartered bank with approximately $105 billion in assets and a footprint in 24 states.

FCA extends climate-related disclosures to include standard listed companies and introduces new guidance

In-scope companies will have to include a statement in their annual financial report

UK nuclear third party liability laws updated from January 2022

The type of claims that can be made have also been expanded under the new regime.

SEC Proposes Rules on Insider Trading

Notably, these proposals only have a 45-day comment period, which is shorter than the more customary 60- or 90-day comment periods.

Compliance deadline set for cyber security regulations in Bahrain

Businesses offering financial services have until March next year to fully comply with new Central Bank of Bahrain (CBB) regulations

Dubai Courts begin decriminalising bounced cheque cases

Criminalisation is limited to cheques issued in bad faith

UK publishes ‘comprehensive’ cyber security strategy

Cyber risk expert Laura Gillespie of Pinsent Masons said that the government’s plans called for “a ‘whole society’ approach” to cyber security.

Offshore Perspective: Updates to HK Listings Rules

The Core Standards are intended to be applied in a unified manner across all listed companies, and so derogation from any of the Core Standards will not ordinarily be available.

UAE Central Bank fines an exchange house for compliance failure

The banking regulator imposed a total penalty of $95,847 against the business

Insolvency Service gains powers to investigate directors of dissolved companies

The legislation also rules out Covid-19 related changes as grounds for material change of circumstances business rate appeals.

Daily Legal Update

The final impact assessment estimates likely costs, benefits and wider impacts of the amendments and will be published alongside the amendments to PPER 1992 on legislation.gov.uk.

New measures to combat the Covid-19 pandemic in the workplace introduced in Luxembourg

Until close of play on 14 January 2022, the Covid-check remains optional for employers.

UK fine for bank over liquidity reporting

The regulator had raised concerns about a “heightened risk” of US dollar liquidity outflows and instructed the bank to achieve and maintain certain metrics in respect of its US dollar liquidity in response.

Reforms to insolvency regulation in Britain proposed

Currently, there is no firm-wide regulation of insolvency practice in Britain.

Germany to explore digital justice tools for citizens

It delivers a prototype that has already been adapted to the needs of future users through user feedback.

Central Bank Of Ireland Publishes Cross-Industry Outsourcing Guidance

The Guidance supplements existing sectoral legislation, regulations and guidance on outsourcing, which apply to specific firms.

UK passes LIBOR transition legislation

The UK government hopes the rules will minimise disruption for contracts referencing one, three and six-month sterling and yen LIBOR for which the counterparties have not managed to agree to move to a replacement reference rate before LIBOR ceases at the

Overhaul of UK financial promotions exemption regime proposed

The government said these changes included the development of the online retail investment market, price inflation, and pensions freedoms, which have eroded the value of the HNWI exemption thresholds.

FCA extends mandatory climate disclosure requirements

The FCA has acknowledged that there is a balance to be struck on achieving perfect methodologies and disclosures and ‘getting started

Government Regulation