September 2017

“Bitcoin is evil.” “Bitcoin is a pyramid scheme.” “Bitcoin is worthless.” These are just some of the comments that have been levied against cryptocurrency generally and Bitcoin specifically. Whatever views one might hold about whether these criticisms of cryptocurrencies are well-taken or not, these harsh statements by prominent and respected members of the financial community

The EU Market Abuse Regulation (MAR) came into effect on July 3, 2016. It replaced the EU Market Abuse Directive (MAD) and contains rules on insider dealing, unlawful disclosure of inside information and market manipulation that apply throughout the EU. In addition, the prohibitions and requirements set out in MAR apply to acts or omissions

On 26 September 2017, the Dutch Minister of Finance published a first draft of the Decree implementing the revised Payment Services Directive (PSD2) (Implementatiebesluit herziene richtlijn betaaldiensten, the Implementation Decree) for consultation. The Implementation Decree will amend the Decree on Conduct of Business Supervision of Financial Undertakings (Besluit Gedragstoezicht

On 28 September 2017, the Hong Kong Monetary Authority (HKMA) issued a circular on the Global Code of Conduct Standards and Practices for the Wholesale Foreign Exchange Market (the FX Global Code).

The circular notes that the Hong Kong Treasury Markets Association (TMA) has incorporated the FX Global Code into its Code of Conduct. In

The PRA has published Supervisory Statement 6/17: Compliance with the EBA’s Guidelines on disclosure (SS6/17).

Paragraph 122 of the European Banking Authority’s (EBA) guidelines on disclosure requirements under Part Eight of the Capital Requirements Regulation (CRR) allows Member State competent authorities to waive the requirement to disclose template ‘EU

The Regulatory Oversight Committee (ROC) of the Global Legal Identifier (LEI) System has issued a consultation report that proposes a limited update to the way relationships affecting funds are recorded in the Global LEI System (GLEIS), with the objectives of making sure that the implementation of relationship data is consistent

The European Central Bank (ECB) has published draft guidelines that amend earlier ECB guidelines on a Trans-European Automated Real-time Gross Settlement Express Transfer System (earlier ECB guidelines).

On 9 June 2016, the Governing Council of the ECB approved the harmonisation of the remuneration of the guarantee funds of financial market infrastructures

We are pleased to advise that the recording for our September 2017 MiFID II Academy webinar is now available. To access the recording, please click here