Our outsourcing and financial services teams have just published a client briefing exploring how the UK’s proposed operational resilience regulatory framework will impact contractual relationships between regulated firms operating in the financial services sector and their service providers. The online briefing is here.
Singapore FinTech Festival 2019 – key takeaways
Partners from our global FinTech team flew in from Hong Kong, Vancouver, London, Dallas, Johannesburg and Melbourne to join our Singapore team at the SFF 2019 (Singapore FinTech Festival) 11-13 November. The SFF is the world’s largest annual FinTech conference, bringing together over 45,000 FinTech enthusiasts to explore, collaborate and discuss the future of FinTech.
South Africa: POPI regulations published for comment
The South African Information Regulator published draft regulations under the Protection of Personal Information Act 2013 (POPI) for public comment by 7 November 2017.
The regulations cover various procedural items, including:
- the manner of objecting to the processing of personal information;
- requests for correction or deletion of personal information;
- the application form for industry codes
South Africa: Comment on the Cybercrimes and Cybersecurity Bill extended to 10 August 2017
A revised draft of the Cybercrimes and Cybersecurity Bill was tabled in Parliament in February 2017. See our previous post on the major changes to the original draft published for public comment in August 2015.
At the beginning of July 2017, the portfolio committee on justice and correctional services called for public comments on the
South Africa: Is Bitcoin money?
Cryptocurrencies are unregulated in most jurisdictions and their legal nature has not yet been determined by legislation or case law.
Virtual or digital currencies display certain key features of money:
- They represent value and some (like Bitcoin) can be purchased or exchanged for a real currency equivalent.
- They can be used to make payment for
South Africa: Can Bitcoin be insured?
As the use of cryptocurrencies like Bitcoin increases, so will the demand for insurance to protect against the risks associated with them. A number of global Bitcoin storage providers offer their customers insurance for storage vault failure. At least one US insurance group offers Bitcoin holdings insurance as an endorsement to existing crime policies.
Given