All Insights

International Funds Legal Update | 19 April 2024

Fri, 19 Apr 2024 10:58:41 +0100

<[CDATA[

UK authorised funds rules amends and tokenisation progress, and EU marketing, disclosure and investment rules updates

]]>

Fintech, digital assets, payments and consumer credit | UK Regulatory Outlook February 2024

Wed, 28 Feb 2024 10:09:13 +0000

<[CDATA[

BoE and HM Treasury respond to consultation on case for digital pound | ESMA consults on draft guidelines under MiCA

]]>

DORA – New EU cybersecurity law for Crypto

Wed, 31 Jan 2024 14:21:12 +0000

Crypto-assets are digital in their nature, but in many ways resemble traditional assets. In line with the EU's Regulation on Markets in Crypto-assets ("MiCAR"), crypto-assets are digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar (DLT).

As the economic value of crypto-assets is stored directly "on-chain”, embedded within the DLT tokens, security of the distributed ledger technology and related digital services gains critical importance. This does not go unnoticed by the regulators.

In this piece we will take a look at the newest EU regulation on cybersecurity in the financial sector – the Digital Operational Resilience Act ("DORA") – and its impact on the crypto-assets market.

Fintech Digital Assets Payments Consumer Credit | UK Regulatory Outlook January 2024

Thu, 11 Jan 2024 10:09:13 +0000

<[CDATA[

Reforms to the financial promotions regime | Designation of critical third parties to the financial sector | Regulatory work on account closures

]]>

International Funds Legal Update | December 2023

Tue, 12 Dec 2023 09:39:15 +0000

<[CDATA[

Greenwashing, SDR, sustainability finance framework, fund disclosure rules and more

]]>

International Funds Legal Update | 16 November 2023

Thu, 16 Nov 2023 11:17:06 +0000

<[CDATA[

Venture Capital Investment Compact, FSCS coverage for LTAFs, and funds tokenisation

]]>

New rules on marketing cryptoassets in the UK suffer teething issues

Fri, 03 Nov 2023 11:21:45 +0000

<[CDATA[

Regulator warns firms on compliance, flags common problems with crypto financial promotions, and issues guidance

]]>

Fintech, Digital Assets, Payments and Consumer Credit | UK Regulatory Outlook October 2023

Tue, 31 Oct 2023 12:49:47 +0000

<[CDATA[

New rules on marketing cryptoassets to UK consumers now in force | Payment service contract termination rule changes | FCA reveals GFIN Greenwashing TechSprint winners

]]>

What is the impact of the recast EU Transfer of Funds Regulation on crypto-assets transfers?

Thu, 26 Oct 2023 10:57:20 +0100

<[CDATA[

The recast regulation extends the application of the Travel Rule to transfers of crypto-assets in a significant step in the fight against money laundering

]]>

What are the EU's white paper requirements in MiCAR and do they apply to Bitcoin?

Wed, 04 Oct 2023 15:39:00 +0100

<[CDATA[

The ground-breaking Markets in Crypto-Assets Regulation will apply across the EU, but what will its impact be on established crypto-assets?

]]>

UK OFSI issues first 'disclosure notice' censuring sanctions breach

Tue, 19 Sep 2023 09:48:41 +0100

<[CDATA[

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

]]>

Electronic Trade Documents Act paves way for digitalised trade in the UK

Tue, 12 Sep 2023 12:13:17 +0100

<[CDATA[

A new era of paperless international trade could enhance the UK economy by £1bn over the next decade, says government

]]>

Singapore’s central bank finalises regulatory approach to stablecoins

Thu, 31 Aug 2023 10:16:53 +0100

<[CDATA[

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

]]>

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

Mon, 14 Aug 2023 11:42:49 +0100

<[CDATA[

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

]]>

Singapore proposes regulation for digital payment token services

Mon, 07 Aug 2023 12:59:36 +0100

<[CDATA[

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

Mon, 07 Aug 2023 09:19:49 +0100

<[CDATA[

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

]]>

Law Commission report positions UK as a centre for digital asset disputes

Fri, 14 Jul 2023 17:02:27 +0100

<[CDATA[

Long-awaited paper identifies the strength of English common law in addressing legal issues arising from digital assets

]]>

What are the implications of the EU Data Act for smart contract operators?

Fri, 07 Jul 2023 08:59:21 +0100

<[CDATA[

EU policymakers finalise long-anticipated new data rules that have far-reaching significance for smart contracts

]]>

Marketing cryptoassets in the UK? Prepare for new rules this autumn

Wed, 28 Jun 2023 15:09:35 +0100

<[CDATA[

The UK regulator has confirmed near-final rules governing how firms can promote cryptoassets from 8 October 2023

]]>

HMRC consults on proposals to change the tax treatment of lending and staking tokens in the UK

Thu, 15 Jun 2023 14:54:30 +0100

<[CDATA[

Changing the tax treatment of decentralised finance lending and staking of cryptoassets could bring welcome certainty for VC and PE funds, but questions remain

]]>

Defending claims against crypto exchanges in English law: the surprising benefit of turning up

Wed, 24 May 2023 12:37:27 +0100

<[CDATA[

High Court decision raises hurdle for crypto-fraud victims when tracing into the pooled assets of 'bona fide' exchanges

]]>

MiCAR – the final scope of a long expected (future-proof) framework at Union level for crypto

Mon, 15 May 2023 11:49:11 +0100

<[CDATA[

Is MiCAR fit for the digital age?

]]>

EU's Markets in Crypto-Assets Regulation establishing regulatory framework is approved

Fri, 21 Apr 2023 15:04:16 +0100

<[CDATA[

Yesterday, the European Parliament approved the Markets in Crypto-Assets Regulation, setting new game-changing rules for the cryptocurrency industry

]]>

UK government moves to regulate promotion of cryptoassets

Thu, 30 Mar 2023 15:41:28 +0100

<[CDATA[

Marketing of in-scope digital assets will be subject to restriction long familiar to wider financial services sector

]]>

Financial Conduct Authority lays down clear priorities for UK payments sector

Thu, 23 Mar 2023 14:48:27 +0000

<[CDATA[

UK financial services regulator warns of 'unacceptable risk' that some payments firms pose to customers and the financial system's stability

]]>