Africa

Competition Amendment Bill 2018 aims to protect market participation of non-dominant firms
SA poised to follow suit in utilisation of non-competition merger control to protect State security in foreign mergers
New comparative guide on state of bank recovery and resolution laws in Africa
Asset management in South Africa – Ten things to know

Asia

Hong Kong: HKMA publishes Open API Framework
Norton Rose Fulbright Hong Kong contributes to pioneering ASIFMA report on Best Practices for Digital Asset Exchanges
Hong Kong: HKMA publishes a revised guideline on Virtual Banks
SFC publishes consultation conclusion on disclosure requirements for discretionary accounts

Australia

Australian financial services and sanctions law
In the age of disruption, ASIC is a pioneer for cross-border regulation
ASIC calls on retail OTC derivatives issuers to lift standards and address regulatory concerns
ASIC consults on its proposal to repeal and replace the ASIC class orders for Foreign Financial Services Providers with modified licensing regime

Canada

OSFI issues final corporate governance guidelines
CSA confirms position on bail-in implications
Canadian Cannabis and Money Laundering Risks for UK Business
OSFI proposes changes to the leverage requirements guideline

Italy

ESMA opinion on amendments to systematic internalisers’ quote obligations under MiFIR RTS
ECON draft reports on regulatory proposals on cross-border distribution of collective investment funds
ECB guide to on-site inspections and internal model investigations
ESRB Recommendation amending 2015 Recommendation on EU macroprudential policy measures published in OJ

Germany

ESMA opinion on amendments to systematic internalisers’ quote obligations under MiFIR RTS
ECON draft reports on regulatory proposals on cross-border distribution of collective investment funds
ECB guide to on-site inspections and internal model investigations
ESRB Recommendation amending 2015 Recommendation on EU macroprudential policy measures published in OJ

The Netherlands

ESMA opinion on amendments to systematic internalisers’ quote obligations under MiFIR RTS
ECON draft reports on regulatory proposals on cross-border distribution of collective investment funds
ECB guide to on-site inspections and internal model investigations
ESRB Recommendation amending 2015 Recommendation on EU macroprudential policy measures published in OJ

United Kingdom

ESMA opinion on amendments to systematic internalisers’ quote obligations under MiFIR RTS
ECON draft reports on regulatory proposals on cross-border distribution of collective investment funds
ECB guide to on-site inspections and internal model investigations
ESRB Recommendation amending 2015 Recommendation on EU macroprudential policy measures published in OJ

United States

Latest issue of Global Asset Management Quarterly now available
New York State Department of Financial Services again sues OCC over bank charter for fintechs
US federal banking agencies issue final regulations promulgating use of municipal obligations for LCR compliance
CFPB finalizes GLBA privacy rule exemption
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