Category Archives: Banking and Finance law

Banking and Finance Law news articles, reiews, notes and blog examples.

Corp Fin Director’s “Cheat Sheet” for Brexit Disclosure

It’s no surprise that the uncertainty surrounding Brexit continues to impact business – I blogged last month that it might be one of this year’s “top risks.” And in December, I wrote that the SEC is monitoring disclosure. In remarks late last week, Corp Fin Director Bill Hinman reiterated that the UK’s withdrawal from the European Union may be material not just to UK- and EU-headquartered companies – but to any company with extensive international operations – and explained how companies should be applying the SEC’s “principles-based” disclosure rules to Brexit’s evolving business risks (he also touched on sustainability disclosure, as noted in this blog from Stinson Leonard Street). Bill shared six topics for companies to consider as a starting point when assessing & drafting tailored Brexit disclosures. This Cooley blog highlights that these are the types of questions Corp Fin will be asking during….. To continue reading this legal news please click Read full information...

Posted in Banking and Finance law | Tagged , , , , , | Leave a comment

Canadian authorities roll out framework for regulation of crypto-asset trading platforms

By John Filar Atwood The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) are seeking public input on the appropriate way to regulate Canadian platforms that trade crypto-assets. The regulators offered a proposed regulatory framework, but are seeking feedback on core issues such as how to address custody and verification of assets, price determination, market surveillance, and clearing and settlement. The CSA and IIROC noted in a news release that crypto-asset trading platforms may be subject to securities and/or derivatives regulation depending on how they operate and the assets they make available for trading. They are concerned that the exiting regulatory system may not fully address the novel features and potential risks of crypto-assets. Where securities legislation applies to the platforms, the CSA and IIROC said that they are considering a tailored regulatory framework to address the novel features and risks.….. To continue reading this legal news please click Read full information...

Posted in Banking and Finance law | Tagged , , , , , , , | Leave a comment

CFTC and MAS Mutually Recognize Certain Derivatives Trading Venues in the U.S. and Singapore

  On March 13, the Commodity Futures Trading Commission (CFTC) issued an order exempting certain derivatives trading facilities regulated by the Monetary Authority of Singapore (MAS) from the requirement to register with the CFTC as swap execution facilities (SEFs), and MAS announced the issuance of regulations exempting certain derivatives trading venues regulated by the CFTC from the requirement to be a MAS-authorized approved exchange (AE) or recognized market operator (RMO) before establishing or operating an organized market. Press Release. CFTC Order of Exemption. MAS Order of Exemption... To continue reading this legal news please click Read full information...

Posted in Banking and Finance law | Tagged | Leave a comment

The Financial Services (Distance Marketing) (Amendment and Savings Provisions) (EU Exit) Regulations 2019

On 14 March 2019, there was published on legislation.gov.uk the made version of the Financial Services (Distance Marketing) (Amendment and Savings Provisions) (EU Exit) Regulations 2019, together with an explanatory memorandum. The statutory instrument comes into force on exit day, apart from Parts 1 and 2, which come into force on 14 March 2019. Our earlier blog explaining the purpose of the draft statutory instrument can be found here. You can track the financial services Brexit EU Exit statutory instruments (as well as gain access to our Brexit resources) on our Brexit Pathfinder hub. Registration is free via the NRF Institute portal. Conformed copies of the EU Exit statutory instruments are available exclusively through our PathfinderPLUS service. To gain access to PathfinderPLUS, please contact Jochen Vester or Simon Lovegrove... To continue reading this legal news please click Read full information...

Posted in Banking and Finance law | Tagged , , , , , , , , , | Leave a comment