All Insights

Regulatory Outlook

Fintech, digital assets, payments and consumer credit | UK Regulatory Outlook September 2023

HM Treasury response to initial consultation on reform of Consumer Credit Act | HM Treasury consultation and call for evidence
Sanctions, ownership and related issues

UK OFSI issues first 'disclosure notice' censuring sanctions breach

Decision provides guidance on compliance as Financial Conduct Authority issues its own sanctions-compliance findings
Financial Services

New power for UK regulators over change of control in financial services firms

Legislation beefs up power to impose conditions on new controllers, putting lessons learned from Greensill into practice

Singapore’s central bank finalises regulatory approach to stablecoins

The regulations target issuers and intermediaries in Singapore and systemic stablecoin arrangement entities
Artificial intelligence

What risks need to be considered by a UK business using artificial intelligence?

An overview of the legal and regulatory risks arising from AI deployment published in our article in Compliance & Risk
Competition, antitrust and trade

Big Tech's expansion into UK financial services raises FCA concerns

The UK financial regulator and Digital Markets Unit will coordinate on competition law issues raised by the tech majors

Cryptocurrency tokens: should they be treated as a 'security' based on manner of sale?

A Singapore view on XRP and LUNA-UST tokens following two US judgments on Securities and Exchange Commission cases
Banking and finance

UK regulator's guidance for financial promotions on social media set for revamp

The overhaul aims to keep pace with the rapidly changing online landscape while tackling non-compliant and illegal ads
Financial Services

Singapore proposes regulation for digital payment token services

Asset segregation, lending and staking, and incentive restrictions are the main reforms raised in a recent MAS paper

Exploring the EU MiCAR crypto-asset transfer service

The new EU rules specify 10 crypto-asset services and our MiCAR 'deep dive' series opens with a look at transfer

Crypto-assets regulation in Spain and MiCAR

What are the next steps for crypto-asset service providers after the publication of MiCAR?
Financial Services

UK consults on reform to anti-money laundering supervision

Four potential models include a proposal for a single supervisor that would significantly impact financial service firms