11/09/2021
The Affiliate Program Letter poses a challenge for foreign banks with New York branches, agencies or representative offices that is less likely to exist for US-based financial groups that are subject to comprehensive regulation in the United States.
11/04/2021
Whilst the natural impulse after a lengthy negotiation is to put the contract away and never think of it again, it is really useful to prepare a summary of its core features while they are still fresh.
11/03/2021
From a high-level perspective, the changes are focused on reducing the administrative burden on affected firms with operations in the EU, including exemptions from ex ante cost and charges reporting plus some product governance requirements.