This edition includes - FCA Launches Campaign to Encourage Individuals to Report Wrongdoing, PRA Publishes Statement on Expectations to Outsourcing and Third-Party Risk Management, ESMA Updates Q&As, ESMA Updates Q&As, FCA Fines and Prohibits Trader for Market Abuse.
This edition includes - DIFC Embraces the Future of Finance with Tokenisation of Digital Assets, ADGM Enacts the Data Protection Regulations 2021 and Joins the Global Privacy Assembly, UAE Central Bank Issues Stored Value and Electronic Payment Systems Regulatory Framework, FATF Publishes the “Grey” and “Black” Lists.
The ADGM Data Protection Regulations 2021 (“DPR”) are now in force and are the most comprehensive yet. Whilst the extent of the requirements may differ from firm to firm, this high-level checklist will help you to get started.
This edition includes: FCA Webpage on Regulatory Changes After End of Transition Period, SM&CR Forms Update, ESMA Consults on Appropriateness and Execution-only under MiFID II, FCA on Financial Crime Systems and Controls During COVID-19, FCA Launches High Court Proceedings Against Paul Steel and Jacqueline Foster.
The Abu Dhabi Global Market (“ADGM”) has introduced the Data Protection Regulations 2021 (“DPR”). This article looks at the key points that your firm should be aware of.
This edition includes - FCA Webpage on Regulatory Changes After End of Transition Period, SM&CR Forms Update, ESMA Consults on Appropriateness and Execution-only Under MiFID II, FCA on Financial Crime Systems and Controls During COVID-19.
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.