Popular, MiFID II

Cadwalader Climate - June 2024 #2

Cadwalader, Wickersham & Taft LLP on 6/11/2024

In this week’s edition, we discuss the U.S. government’s proposed guidelines for the ever-controversial voluntary carbon markets. In the EU, ESMA published a report of its findings on greenwashing in the marketing materials...more

Regulation Round Up - December 2023

Proskauer Rose LLP on 1/4/2024

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in December 2023: 21 December - UK / Swiss Regulatory...more

Horizon Scan for Private Investment Funds: Key Recent and Expected Funds, Regulatory, and Tax Developments to Look Out For

Goodwin on 10/3/2023

Welcome to the third edition of our Horizon Scan, where we focus on some of the principal recent and expected developments and changes that we expect to be of interest to those in the private funds and investment management...more

European Union Mandates IT and Cybersecurity Resilience Requirements for Investment Managers and Firms with Enactment of DORA

Akin Gump Strauss Hauer & Feld LLP on 3/2/2023

The European Union (EU) adopted Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (the “DORA Regulation”) in January 2023. The DORA Regulation seeks to establish a harmonised digital...more

EU Distributed Ledger Technology Pilot Regime Published

A&O Shearman on 6/15/2022

The EU has published in the Official Journal of the European Union its Regulation on a pilot regime for market infrastructures based on distributed ledger technology. The pilot regime will permit certain DLT market...more

Key Regulatory Topics: Weekly Update 9 - 15 July 2021

A&O Shearman on 7/27/2021

This week, among other highlights, Committee on Payments and Market Infrastructures, BIS Innovation Hub, International Monetary Fund and the World Bank issued a joint report for the G20 on the use of Central Bank Digital...more

ESG: New Disclosure Rules for Investment Managers

Akin Gump Strauss Hauer & Feld LLP on 11/25/2020

1. New EU and UK disclosure requirements - The new disclosure requirements for investment managers and advisers with respect to their environmental, social and corporate governance (ESG) policies will apply in the European...more

International Organization of Securities Commissions Publishes Guidance on Conflicts of Interest in Debt Capital Raising

A&O Shearman on 10/13/2020

The International Organization of Securities Commissions has published guidance on how to address potential conflicts of interest and associated conduct risks for intermediaries involved in the issuance of debt securities....more

Boosting Blockchain: Germany to Introduce Electronic Securities

Jones Day on 9/2/2020

The Situation: The requirement for a paper-based note for issuing securities under the German law has been an obstacle for the use of security tokens in Germany. With the release of a draft bill (the "Bill") permitting the...more

Financial institutions M&A: Sector trends - February 2020: Asset/Wealth Management

White & Case LLP on 2/24/2020

Financial institutions M&A sector trends: asset/wealth management — H2 2019 and outlook for 2020 - Industry consolidation continues at pace. Rigorous fee transparency requirements under MiFID II, rising operating costs and...more

ESMA reports on FinTech firm licensing regimes across Europe

White & Case LLP on 7/17/2019

On 12 July 2019 the European Securities and Markets Authority (ESMA) reported on the status of FinTech firm licensing regimes across the EU, based on two ESMA surveys of EU national competent authorities (NCAs). ESMA's report...more

EU Sustainable Finance Regulation

White & Case LLP on 6/5/2019

The EU sustainable finance market has developed organically, guided by voluntary but universally accepted principles. According to recent research, climate change could cost up to 19 per cent. of Global GDP by the end of...more

EU Technical Advice on Incorporating Sustainability Factors Into EU Regulation

A&O Shearman on 5/16/2019

The European Securities and Markets Authority has published its final report and technical advice to the European Commission on incorporating sustainability risks and factors into European regulation. The European Commission...more

Accountable for the ‘Black box’: A Primer on the Regulation of AI in Financial Services

Kramer Levin Naftalis & Frankel LLP on 5/2/2019

We recently discussed the topic of risk management as it relates to artificial intelligence (AI) in financial services, and suggested certain tips for the financial services sector. This article is the first of a series that...more

Key Regulatory Topics: Weekly Update 22 March - 28 March 2019

A&O Shearman on 4/2/2019

BREXIT - Final EBA Outsourcing Guidelines: Impact on firms’ Brexit contingency plans - The EBA has published final guidelines on outsourcing (the EBA Guidelines), which will replace the guidelines issued by its predecessor,...more

Financial Regulatory Observer – March 2019: FRO in-depth: The future of cryptoassets regulation

White & Case LLP on 4/1/2019

Partners Julia Smithers Excell and Stuart Willey, and associate Laura Kitchen of global law firm White & Case take a deep dive on the latest publications from EU and UK regulators aimed at providing supervisory clarity on the...more

Key Regulatory Topics: Weekly Update 22 February to 28 February 2019

A&O Shearman on 3/5/2019

BREXIT- Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 made On 28 February, the Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 were...more

Investment Funds Update – Europe: Legal and regulatory updates for the funds industry from the key asset management centres and...

Dechert LLP on 2/6/2019

Law amending Financial Market Laws to Regulation (EU) 2017/2402 and Regulation (EU) No 575/2013 as amended by Regulation (EU) 2017/2401 published in the Federal Law Gazette - The Law amending Financial Market Laws to...more

Update on the Status of Initial Coin Offerings in Europe

White & Case LLP on 2/1/2019

With crypto-currencies on the rise and technological developments providing great opportunities in the financial services sector, Initial Coin Offerings ("ICO") provide an innovative way of raising capital. They are...more

A Bid for a US Publicly Traded Crypto Exchange, Institutional Investments, International Regulatory and Enforcement Actions

BakerHostetler on 1/28/2019

2018 Cryptocurrency Recap, Developments in Cryptocurrency Exchanges and Payment Providers - According to a recent report, despite a lower price compared to the previous year, bitcoin’s total trade volume for 2018 is $2.2...more

Financial institutions M&A: Sector trends - January 2019: Market infrastructure—deal-making bucking the doom and gloom of Brexit

White & Case LLP on 1/24/2019

Payments - Payment services M&A retains its spark on the financial services landscape. Overview - Competition for innovative technology is fierce. Financial sponsors, big banks and, of late, fashion moguls are driving...more

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