On 19 May 2017, the Cyberspace Administration of China (the “CAC“) released a revised draft of its Security Assessment for Personal Information and Important Data Transmitted Outside of the People’s Republic of China Measures...more
On 30 June 2016, the industry self-regulating body, the Asset Management Association of China published what, on the face of it, appeared to be a fairly innocuous document entitled Questions and Answers regarding the...more
The numbers - Outbound M&A transactions collapse -
In the wake of record levels of outbound direct investment ("ODI"), a currency under downward pressure and diminishing foreign exchange reserves, the Chinese government...more
On 11 April 2017 the Cyberspace Administration of China published a circular calling for comments on its draft Security Assessment for Personal Information and Important Data Transmitted Outside of the People’s Republic of...more
4/21/2017
/ Critical Infrastructure Sectors ,
Cross-Border ,
Cybersecurity ,
Data Protection ,
International Data Transfers ,
MOFCOM ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Public Comment ,
Telecommunications
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
4/13/2017
/ Authentication ,
Banking Sector ,
BSA/AML ,
CCPs ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Financial Services Industry ,
Interchange Fees ,
MLD4 ,
Mobile Payments ,
Money Laundering ,
Money Transfer ,
Payment Systems ,
PSD2 ,
RTS ,
UK Payment Systems Regulator
On 12 January 2017, China's State Council issued the Expansion of Liberalization and the Active Utilization of Foreign Investment Circular Several Measures.
The State Council Liberalization Measures set out framework...more
On 11 January 2017, the People's Bank of China ("PBOC"), China's central bank, issued the People's Bank of China Circular on Matters relating to the Full Bore Macroprudential Administration of Cross-Border Financings ("New...more
On 30 June 2016, the industry self-regulating body, the Asset Management Association of China published what, on the face of it, appeared to be a fairly innocuous document entitled Questions and Answers regarding the...more
3/23/2017
/ CEPA ,
China ,
China Securities Regulatory Commission (CSRC) ,
Financial Institutions ,
Financial Markets ,
Foreign Investment ,
Foreign-Owned Corporations ,
Investment Funds ,
Investment Management ,
Joint Venture ,
MOFCOM ,
Private Funds ,
Regulatory Oversight
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
3/7/2017
/ Agricultural Sector ,
Court of Justice of the European Union (CJEU) ,
EU ,
Farms ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Interchange Fees ,
MasterCard ,
Payment Systems ,
PSD ,
PSD2 ,
RTS ,
SEPA ,
Technology ,
UK
On 4 February 2017, the Cyberspace Administration of China issued a draft of the Network Products and Services Security Review Measures (“Draft Measures“) for public comment: the Draft Measures remain open for comments until...more
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
1/18/2017
/ Africa ,
Banking Sector ,
Banks ,
Blockchain ,
BSA/AML ,
Consumer Financial Products ,
Credit Cards ,
EU ,
European Banking Authority (EBA) ,
Facebook ,
Financial Fraud ,
Financial Institutions ,
Financial Markets ,
FinTech ,
France ,
Germany ,
India ,
Indonesia ,
Italy ,
Malaysia ,
MasterCard ,
Mobile Apps ,
Mobile Banking ,
Money Transfer ,
Payment Services Directive ,
Popular ,
Prepaid Payment Products ,
PSD2 ,
Regulatory Oversight ,
Reporting Requirements ,
RTS ,
Scams ,
Stock Exchange ,
Technology ,
Third-Party ,
UK ,
Visa Inc ,
Western Union
On 25 November 2016, the Ministry of Industry and Information Technology, China’s telecommunications and Internet regulator, issued a draft Circular on Regulating Business Activities in the Cloud Services Market for public...more