Tag: Sanctions

FCA CP22/08: Protecting investors in authorized funds following the Russian invasion of Ukraine

On 28 April 2022, the Financial Conduct Authority (FCA) published Consultation Paper 22/08: Protecting investors in authorised funds following the Russian invasion of Ukraine (CP22/08). The FCA has published CP22/08 in light of the significant impact that Russia’s invasion of Ukraine is having on financial markets. Many investments have been affected both by the events … Continue Reading

The Russia (Sanctions) (EU Exit) (Amendment) (No. 9) Regulations 2022

On 27 April 2022, there was published on the legislation.gov.uk website The Russia (Sanctions) (EU Exit) (Amendment) (No. 9) Regulations 2022. These Regulations amend the Russia (Sanctions) (EU Exit) Regulations 2019 (the 2019 Regulations) by adding new trade sanctions to Part 5 (Trade). These amendments will introduce new trade sanctions measures relating to internet services … Continue Reading

EBA statement on financial inclusion in the context of the invasion of Ukraine

On 27 April 2022, the European Banking Authority (EBA) issued a statement setting out what financial institutions and their supervisors can do to provide access to refugees from Ukraine to the EU’s financial system. It also sets out what financial institutions and supervisors can do to protect vulnerable persons from abuse by criminals and calls … Continue Reading

Australian financial services and sanctions law

“Sanctions” have been in the news quite often lately. The United Nations has adopted, and many of its member-states have imposed, trade and economic sanctions against North Korea to pressure its regime to give up nuclear weapons. Similarly, recent political developments surrounding the so-called “Iran Nuclear Deal” have been all about re-imposing sanctions in relation … Continue Reading

FINRA’s National Adjudicatory Council revises Sanction Guidelines for misrepresentations and suitability rule violations

FINRA’s National Adjudicatory Council (“NAC”) has revised its Sanction Guidelines that outline particular securities industry rule violations and the range of disciplinary sanctions that may result from such rule violations.  The revised Sanction Guidelines involve violations of misrepresentation and suitability rules and take effect immediately.  These revisions are part of the NAC’s periodic review of … Continue Reading
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