This edition includes - DIFC Hosts Outreach Session for Cyber Risk Management Guidelines, ADGM Holds Online Workshop on Cryptocurrency and Counter Proliferation Finance, SAMA Issues Rules for Practising Debt Crowdfunding Activities, FATF Reflects on the Changing Money Laundering and Terrorist Financing Risk Landscape.
CCL Collates Industry Response to DFSA Consultation Paper on the Regulation of Retail OTC Leveraged Products
In response to the release of CP135, CCL formed the OTC Derivative Broker Forum which is made up of existing OTC Derivative DIFC Firms and OTC Derivative Firms considering establishing in the DIFC. CCL’s role in the Forum is to administer meetings and act as its spokesperson and in doing so, documented the Forums response to CP135 which was subsequently submitted to the DFSA.
This edition includes - FCA Reminds Firms to be Ready for End of Transition Period, PRA Evaluation of the Senior Managers and Certification Regime, ESMA Updates EMIR Q&As, FATF Publishes Update on COVID-19 Related Money Laundering and Terrorist Financing Risks, FCA Fines Barclays over Treatment of Customer in Financial Difficulty.
This edition includes - DIFC Issues its First Licence to Provide Money Services in the DIFC, ADGM to Amend the Application of English Law Regulations 2015, Oman CMA Creates a New Department Against Money Laundering and Terrorist Financing, IOSCO Publishes Report on Education of Retail Investors Regarding Risks of Crypto-Assets.
This edition includes - DFSA Issues a Consultation Paper on Regulation of Retail OTC Leverage Products, ADGM Commences Public Consultation on Proposed New Data Protection Regulations, IOSCO’s GEMC Publishes a Report on the Development of Emerging Markets, Thematic Review on Consistency in Implementation of Money Market Reforms, DFSA Sanctions Upheld Against Dr Mubashir Sheikh for Serious Misconduct.
This edition includes - FCA Statement on Workplace Arrangements and Travel, ESMA Publishes Q&A on SFTR Reporting, FX Options Broker Fined for Misleading Information to Clients, FCA Charges Individual with Offence of Money Laundering.
The UAE Israeli Boycott Repeal Law now allows individuals and companies in the UAE to enter into agreements with Israeli firms, citizens, and residents, as part of commercial, financial operations or dealings. Read about the key takeaways here.
This edition includes -FCA Further Extends and Amends Temporary Measures for Depreciation Notification, FCA Policy Statement on Extending the Certification Regime and Conduct Rules, ESMA Updates Statements on the Impact of Brexit on MiFID II/MiFIR, FCA Fines ARCM for Breaches of Short Selling Disclosure Rules.
This edition includes - DIFC Becomes Region’s First Fully Accredited Member of Global Privacy Assembly, ADGM Publishes Consultation Paper on Amendments to Application of English Law Regulations 2015, UAE Merges Insurance Authority with Central Bank, FATF Issues Update to “The FATF Recommendations”, Goldman Sachs International Fined £96.6m for Risk Management Failures in Connection with 1MDB.
This edition includes - DFSA Issues a Dear SEO Letter and a Markets Brief on the Transition From IBOR, ADGM Begins Public Consultation on Proposed Electronic Transactions Regulations, FSB RCG MENA Group Discusses the Economic and Financial Market Development, UAE Issues Cabinet Decision Concerning Economic Substance Requirements.
This edition includes -FCA Extends Deadline to Publish Fund Reports and Accounts, First Firms to Move to New Data Collection Platform, RegData, PRA Letter on the Operational Readiness of the Temporary Permissions Regime, FCA Publicly Censures Former CEO for Market Misconduct.
This edition includes - FCA Updates on Firm Handling of Complaints During COVID-19, FCA Consults on Extension of Annual Financial Crime Reporting Obligation, Wolfsberg Group Publishes Statement on Developing an Effective AML/CTF Programme.