The South African Law Reform Commission has issued a lengthy paper on the investigations into medico-legal claims with proposals for the reform of the law in connection with those claims.
The paper discusses the current situation and the legal principles underlying claims for damages for medical negligence, state liability, the basis for payment of compensation
On 25 July 2017, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published the results of a consumer survey it held with respect to the regulations that are applicable to crowdfunding platforms (the Evaluation Report). The Evaluation Report describes the most important findings from two consumer surveys
On 24 July, the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has published updated drafts of the Ordinance on the Examination of Investment Services Enterprises (Wertpapierdienstleistungs-Prüfungsverordnung – WpDPV) and of the Securities Trading Act Employee Notification Regulation (WpHG-Mitarbeiteranzeigeverordnung – WpHGMaAnzV). A consolidated Version of the WpHGMaAnzV can
In November 2016, we blogged that the PRA had published Supervisory Statement 16/16: The minimum requirement for own funds and eligible liabilities – buffers and Threshold Conditions (SS16/16). In SS16/16 the PRA set out its expectations on the relationship between the minimum requirement for own funds (MREL) and both the capital
The International Organization of Securities Commissions (IOSCO) has published a final report that sets out the findings from its thematic review into the progress jurisdictions have made in adopting legislation, regulation and other policies in relation to IOSCO’s Recommendations Regarding the Protection of Client Assets (the Principles).
The review found that a
The European Central Bank (ECB) has published a consultation paper on draft guidance to on-site inspections and internal models investigations. The objective of the guidance is to provide a useful reference document for supervised entities and other legal entities for which the ECB has decided to launch an on-site inspection, as well as
The European Banking Authority (EBA) has published a final report on guidelines on major accident reporting under the revised Payment Services Directive (PSD2). The guidelines set out the criteria, thresholds and methodology to be used by payment service providers (PSPs) to determine whether or not an operational or security
The European Parliament (EP) Brexit Steering Group has published a statement following the second round of negotiations between the EU and the UK. The members of the EP Brexit Steering Group noted:
“If we want negotiations to succeed within the limited time we have, progress on more detailed content will have to
There has been published on the legislation.gov.uk website, a draft of the Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (Order) which has been laid before Parliament.
The Order will allow service providers to systemically important payment systems to be supervised by the Bank of England (BoE), if recognised
The Legal Entity Identifier Regulatory Oversight Committee (LEIROC) has published a consultation paper on corporate actions and data history in the global legal entity identifier systems (GLEIS).
In 2016, LEIROC formed a working group, under its Committee on Evaluation and Standards, to evaluate how corporate actions affect the legal entity reference