Partner & Consultant Solicitor, specialising in online financial services, e-commerce, data protection and IT in the UK and Ireland/EEA
As ever, it's foolish to rely on "what other firms do" as a benchmark for your own regulated activity - always work on the basis of the rules and regulatory guidance to decide 'best practice': https://lnkd.in/eAjkr-u4
ESMA has recently issued a statement relating to the applicable requirements and corresponding good practices for issuers to consider when engaging in pre-close calls sessions with financial analysts. Our news item below delves into ESMA's statement and provides good practices to be adopted by issuers when engaged in pre-close call sessions to mitigate risks relating to disclosures of inside information.
ESMA's latest statement emphasizes best practices for issuers during pre-close calls to ensure compliance with the Market Abuse Regulation and prevent price-sensitive information leaks. Beppe Degiorgio and Jonathan Camilleri delve into this statement in their news item below. #MAR #ESMA #PreCloseCalls
Regulators are stepping up Reg BI enforcement. The number of FINRA actions have tripled in the last year alone. Understanding the regulation is becoming more important for your practice and your clients. So we've put together a guide that breaks down Reg BI's purpose, main requirements, and its impact on the industry. You can read the full article here: https://lnkd.in/gHSCYzCf
ESMA's latest statement emphasizes best practices for issuers during pre-close calls to ensure compliance with the Market Abuse Regulation and prevent price-sensitive information leaks. Beppe Degiorgio and Jonathan Camilleri delve into this statement in their news item below. #MAR #ESMA #PreCloseCalls
Regulatory Evolution of AISP and PISP: New Regulations and Their Impact on the Financial Sector
Partner, Head of Financial Institutions Regulatory Europe at PwC, FS Legal Leader Global Legal Network & FS Legal Leader Europe
BaFin has clarified its supervisory expectations on IFR/IFD i.e. WpIG firms and the respective minimum amount of directors and the resulting governance benchstrength. While this may seem trivial… once one applies the legal lens to look at the details it does actually have a big impact for certain TradFi and crypto-asset applicants. #financialservices #financialservicesregulation #BaFin #governance #pwclegal #EURegCORE https://lnkd.in/efK-56Fg
📃 The recently agreed Listing Act includes changes to the rules under the EU Market Abuse Regulation (#MAR) on share buy-backs, market soundings, issuer obligations, managers' disclosures and other matters. Many of the changes could take effect as early as the summer of 2024. Read the full blog 👉 https://lnkd.in/g_5eUYAF
REGULATION UPDATE: The financial advisory industry’s regulatory landscape has a profound impact on advisers’ choices, and the shift from a FINRA-member broker/dealer to the RIA model is driven by stark regulatory differences. FINRA, known for its stringent oversight, has traditionally operated under a suitability standard, providing investments’ appropriateness for clients. However, this standard did not explicitly require advisers to act in their clients’ best interests at all times. Recent years have seen FINRA adopt Regulation Best Interest (Reg BI), aiming to align recommendations with clients’ best interests. While well-intentioned, Reg BI compliance can impose heavy administrative burdens, complicating advisers’ adaptability to market changes.
Here is the latest edition of "Last Week Around the Region" - your snapshot of the most relevant news. Dive into the latest compliance and regulatory updates from the Asia-Pacific region. Stay informed with our concise coverage of crucial developments that impact the financial sector. 🔹 Australia: ASIC cancels JB Markets Pty Ltd's AFS license. 🔹 Hong Kong: SFC issues fraud warnings for CBEX Group and Bitget Pro. 🔹 Singapore: MAS imposes a 12-year prohibition order on a former financial adviser. 🔹 Japan: Proposed regulatory reforms to boost asset management and market transparency. Ensure you're always in the loop! Have a read and subscribe now. #Compliance #RegulatoryUpdates #FinancialServices #AsiaPacific #ASIC #SFC #MAS #JFSA #ComplianceNews #StayInformed #aroundtheregion #newsletter
Stay Ahead with the Latest Regulatory Updates! Subscribe to Our “Last Week in Australia” Newsletter! Don’t miss out on the most crucial highlights from the Australian financial sector! Our weekly newsletter, “Last Week in Australia,” delivers concise, impactful updates that keep compliance officers and financial industry professionals in the know. Get the latest news on regulatory changes and enforcement actions. Understand what the changes mean for your business. From ASIC rulings to market trends, we’ve got you covered. Stay compliant and ahead of the curve with insights that matter. #Compliance #Finance #Newsletter #RegulatoryUpdates #FinancialServices #ASIC #Australia #PCnews #lastweekinaus Don’t miss out on essential updates—subscribe today and ensure you’re always in the loop.
The Financial Conduct Authority (FCA) has formally questioned 20 ‘finfluencers’ as part of its crackdown on the illegal promotion of financial services online. Find out more here ⤵️ #tech #news #fca #finfluencers