08/24/2021
Frenkel Topping enters fifth joint venture
Mark Holt, managing director of Frenkel Topping Limited, said: "We have known and worked with the Pattinson Brewer team for many years."
Government Regulation
08/24/2021
BMA seeks more Seamless Marketplace with ILS Process Enhancements.
To discuss the changes and what this means for both ILS market participants and the Bermuda marketplace, Artemis spoke with Adderley, who has been working with the BMA on this matter.
08/24/2021
SEC sanctions company for hypothetical cyber risk factor when the company already had an incident
The SEC alleged that both the SEC filing and the media statement were misleading, including because they characterized a known harm as a hypothetical risk.
08/23/2021
Business as usual is over. Get ready for transformational change.
What you need to know about the IPCC's latest climate report and how to respond
08/23/2021
FinCEN and CFTC assess $100 million penalty on cryptocurrency derivatives exchange
Notably, the three BitMEX co-founders were also charged with one count of violating the BSA and one count of conspiracy in October 2020.
08/23/2021
Continuity of access to FMI services (FMI intermediaries) for firms in resolution: Framework for information from FMI intermediaries to support resolution planning
Access to FMI services is essential for banks to be able to continue performing their critical functions or critical services under all circumstances, including in cases where banks need to be resolved.
08/22/2021
Financial Regulation Daily Update
This decision follows on from the FCA's Consultation Paper 21/3 (CP21/3) earlier this year.
08/22/2021
UAE Securities and Commodities Authority's new licensing regime
What you need to know about the UAE Securities and Commodities Authority's new licensing regime.
08/22/2021
Disclosure of Beneficial Ownership in 2021 – Italy Perspectives – Alert 4 of the Series
Transposal of EU Beneficial Ownership Regulation into Italian law
08/20/2021
Proposed Reforms to Australia's Sanctions Regime to Target Corruption, Cyber-Crime, Human Rights Violations
The Australian Government has announced plans to implement a targeted, Magnitsky-style sanctions regime by the end of 2021.
08/20/2021
Business as usual is over. Get ready for transformational change.
What you need to know about the IPCC's latest climate report and how to respond
08/20/2021
Settlement agreements in the DIFC
Other features of the DIFC regime which distinguish it from the rules operating in the ‘onshore’ Dubai courts include the recognition of the “without prejudice” principle, and automatic confidentiality bestowed on settlement agreem
08/20/2021
Expect proactive FCA enforcement in coming year
Not only is the FCA looking to assert itself within its established remit with respect to wholesale and retail markets, it is also looking to assert itself in and around the perimeter of its powers.
08/20/2021
Singapore to temporarily loosen hiring rules for foreign workers
All work passes in the CMP sectors including high-skilled S passes and employment passes, will get in-principle approval for validity extensions of up to one year, if the pass holders are unable to enter Singapore because of Covid-19 border restrictions.
08/20/2021
Isle of Man issues AML guidance tailored for tax advisors and accountants
The new guidance covers the unique money laundering and financing of terrorism risks faced by the sectors and provides further guidance in respect of approaches to customer due diligence.
08/20/2021
First mid-market restructuring plan sanctioned by High Court
The process for a restructuring plan is very similar to the well-established "scheme of arrangement" regime, with stakeholders split into classes in respect of both their treatment under the proposal and for voting purposes.
08/19/2021
LIBOR transition and Islamic finance in the GCC – accelerating the transition
While the transition away from the use of LIBOR towards risk-free rates (RFRs) or other benchmark rates has made great strides in the US, UK and some European markets
08/19/2021
Time Waits for no MLRO: GFSC Thematic Review on Reporting Suspicion
The two largest groups in the pool of 29 firms that took part in the thematic review comprised banks and fiduciaries, in line with the risk weightings attributed by the Bailiwick's National Risk Assessment (NRA).
08/18/2021
Cyprus Securities and Exchange Commission publishes its directive on crypto-asset service providers
The CASP Directive sets out detailed requirements on entities seeking registration in CySEC’s CASP register
08/17/2021
JFSC Consults on Widening Civil Financial Penalty Scope and Streamlined Decision-Making Process
The changes are set out in two consultation documents, and are summarised below.