News & Analysis as of September 24, 2024

Virtual Currency › MiFID II

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

The implementation of the Fifth Anti Money Laundering Directive in German Law – Tighten the tight?

Orrick, Herrington & Sutcliffe LLP on 12/6/2019

In the course of the “Panama Paper” scandal, Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing – known as 4. Anti-Money Laundering...more

Blockchain Week in Review - January 2019 #4

Perkins Coie on 2/5/2019

Cboe Withdraws and Then Submits a Proposed Rulemaking for a Bitcoin ETF - On January 22, 2019, Cboe BZX Exchange (Cboe) withdrew its proposed rulemaking with the U.S. Securities and Exchange Commission (SEC). Had the...more

Corporate & Financial Weekly Digest, Featuring Articles on FINRA and the FCA Offering Guidance on Cryptocurrencies

Katten Muchin Rosenman LLP on 1/28/2019

BROKER-DEALER - FINRA Releases 2019 Annual Risk Monitoring and Examination Priorities Letter - On January 22, the Financial Industry Regulatory Authority (FINRA) issued its annual Risk Monitoring and Examination...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

Cryptoassets and ICOs: EU Regulators Show Their Hand

White & Case LLP on 1/15/2019

On 9 January 2019, the European Banking Authority (EBA)1 and the European Securities and Markets Authority (ESMA)2 published two reports with their advice on cryptoassets for the European Commission (EC) (and in ESMA's case,...more

Corporate & Financial Weekly Digest, Featuring Articles on SEC Disclosure Updates, a New Cyber Lexicon and Withdrawal Progress for...

Katten Muchin Rosenman LLP on 11/19/2018

BROKER-DEALER - SEC Approves New Supplement to Options Disclosure Document - On November 9, the Securities and Exchange Commission approved a new supplement (Supplement) to the Characteristics & Risks of Standardized...more

Corporate & Financial Weekly Digest, Featuring Articles on FCA Updates to Position Limits and Benchmark Regulations; HM Treasury...

Katten Muchin Rosenman LLP on 10/29/2018

BREXIT/UK DEVELOPMENTS - FCA Announces Launch of Green FinTech Challenge - On October 19, the UK Financial Conduct Authority (FCA) published a webpage announcing the launch of its “Green FinTech Challenge”, an...more

Corporate & Financial Weekly Digest, Featuring Topics on SEC/Corporate, Derivatives, CFTC, Digital Assets and Virtual Currencies,...

Katten Muchin Rosenman LLP on 8/13/2018

SEC/CORPORATE - SEC Division of Corporation Finance Issues C&DIs Regarding Notices of Exempt Solicitation - On July 31, the staff of the Division of Corporation Finance (the Staff) of the Securities and Exchange...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 6/8/2018

U.S. Financial Industry Developments - Economic Growth, Regulatory Relief and Consumer Protection Act - The "Economic Growth, Regulatory Relief and Consumer Protection Act," signed by the President on May 24, amends...more

Financial Regulatory Developments Focus - February 2018 #3

A&O Shearman on 2/23/2018

In this week's newsletter, we provide a snapshot of the principal U.S., European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more

2018: Business As (Un)usual – European Financial & Regulatory Developments into 2018

Broker-Dealer Compliance + Regulation on 2/5/2018

2017 in the UK and the rest of Europe seems to have been primarily a year devoted to implementation – both of political decisions already made and of legislation that had already been enacted. On the political front, Brexit...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 1/26/2018

SEC Division of Investment Management Letter on Cryptocurrency Related Investment Products; Joint Statement by SEC and CFTC Enforcement Directors Regarding Virtual Currency Enforcement Actions - On January 18, 2018, in a...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 1/12/2018

Chairman Giancarlo Statement on Virtual Currencies - On January 4, 2018, the Commodity Futures Trading Commission (CFTC) Chairman, J. Christopher Giancarlo, issued a statement on virtual currencies. "The CFTC's Market Risk...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 12/22/2017

CFTC Issues Proposed Interpretation on Virtual Currency "Actual Delivery" in Retail Transactions - On December 15, 2017, the Commodity Futures Trading Commission ("CFTC") announced a Proposed Interpretation concerning its...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 12/14/2017

As widely expected, the Fed affirmed the general strength of the US economy today by raising the benchmark interest rate again today—the 5th raise since the financial crisis....more

Financial Regulatory Developments Focus - November 2017

A&O Shearman on 11/16/2017

In this newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and...more

Asset Management Regulatory Roundup - November 2017 - Issue 10

Dechert LLP on 11/16/2017

A compact summary of the most recent regulatory developments relevant to the UK asset management industry. This issue includes details on the amendments to the European Venture Capital and Social Entrepreneurship Fund...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 11/7/2017

Breakingviews is raising an eyebrow at the news from yesterday about Broadcom’s unsolicited $105 billion offer for Qualcomm [the largest-ever proposed tech deal], especially in light of the “mountain of debt” Broadcom would...more

Expect the Unexpected: The Year Ahead for the Financial Institutions Sector

Hogan Lovells on 1/13/2017

With contributors across the sector and the globe, we've compiled a review of some of the developments that will affect financial institutions in 2017 and beyond. The one thing that 2016 taught us was to expect the...more

Corporate and Financial Weekly Digest - Volume XI, Issue 17

Katten Muchin Rosenman LLP on 5/2/2016

BROKER-DEALER - SEC Modifies and Extends Pilot Program for NMS Plan to Address Extraordinary Market Volatility - The Securities and Exchange Commission has issued an order that modifies and extends the National...more

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Virtual Currency › MiFID II

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