A short briefing regarding the note issued by the UK's Financial Conduct Authority (FCA) setting expectations of applications for senior compliance roles in authorized and registered firms.
Learn about Dubai's new regulation of virtual assets, Law No. 4 of 2022 on the Regulation of Virtual Assets in the Emirate of Dubai (the “RVA”).
Learn about highlights of the Federal Republic of Nigeria's Money Laundering Act 2022, which expands and strengthens the 2011 Act combating money laundering.
Learn about recent developments in South African e-commerce developments, including a new Cybercrime Act, e-commerce warnings, regulation of crypto assets and Africa central bank digital currency.
On 27 July 2022, the Financial Conduct Authority (FCA) published a Policy Statement (PS22/9) and Finalised Guidance (FG22/5) setting out final rules and guidance on the new Consumer Duty (the Duty). The Duty sets higher expectations of the standard of care that firms give consumers.
FCA policy statement PS22/8 “Protecting investors in authorised funds following the Russian invasion of Ukraine” sets out emergency measures to deal with the impact of the Russian invasion of Ukraine on authorised funds and retail investors, and came into force on 11 July 2022.
Check out this whitepaper developed by Foley & Lardner LLP to learn more about the top twelve trends in the digital assets space.
On 28 February 2023, the Financial Conduct Authority (“FCA”) published its Regulatory Initiatives Grid updating the timeline of the Overseas Funds Regime (“OFR”), the new equivalence regime for retail investment funds and money market funds established outside the UK, which will allow recognised funds to be marketed to the public in the United Kingdom.
The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, No. 22 of 2022 places new obligations on Companies and other persons to register prescribed information regarding beneficial ownership following South Africa’s grey listing and recommendations made by the Financial Action Task Force.
Learn the rules regarding corporate groups' cash pooling, with this multi-country guide.