Events listed in information
Consultation Paper on Proposed Regulatory Measures for Digital Payment Token ...
ID 25916
The Monetary Authority of Singapore (MAS) has published a response paper to its consultations on proposed rule amendments to implement business conduct, consumer access, technology, and cyber risk management requirements on Digital Payment Token Service Providers (DPTSPs) to enhance investor protection and market integrity (please see EventID 22060 for more details in this matter). In this response paper, MAS summarizes the feedback it has ...
Organisatiegegevens up-to-date
ID 25911
The DNB published an article in its News sector discussing the use of „Mijn DNB“ by institutions, emphasizing the “Organizational Data” service (Organisatiegegevens). This service allows institutions to view and partially manage their data held by DNB, as well as upload relevant documents. The use of technology and data-driven supervision aims to enhance efficiency, relying on institution-provided data. **Regularly reviewing, updating, and promptly processing ...
Changes to data protection laws to unlock post-Brexit opportunity
ID 25907
Various UK government agencies recently published a statement in which they announce targeted amendments to the Data Protection and Digital Information Bill. The bill contains provisions to adjust the UK data protection rules and regulations to the needs of the UK following Brexit with the aim of simplification and moderation. While most provisions of the bill and modifications thereto are irrelevant for financial market ...
Financial promotion exemptions for high net worth individuals and sophisticated ...
ID 25905
Following a consultation in 2021 on proposed revisions to the „financial promotion orders“ as regards the exemption of high net worth individuals and sophisticated investors, the HM Treasury has now published a corresponding response paper. In this response paper, the Treasury summarizes the responses it has received to its consultation and the way forward in this matter. #### Background In 2021, the Treasury proposed ...
Consultation on the Digital Securities Sandbox
ID 25904
Following the launch of a consultation on a Digital Securities Sandbox (DSS) in July this year, the HM Treasury has now published a corresponding response paper. In this response paper, the Treasury outlines the feedback it has received to its consultation and presents its way forward in this matter. To recall, the sandbox will allow companies to provide trading and settlement infrastructures for digital ...
International Joint Statement on the Crypto-Asset Reporting Framework
ID 25903
On November 10, 2023, various nations, including – among others – Germany, Switzerland, Italy, Singapore, the U.S., and the UK, have published a joint statement in which they commit to the implementation of the „Crypto-Asset Reporting Framework“ (CARF), an international standard for the automatic exchange of information between tax authorities on financial transactions involving digital assets, including crypto-assets. The framework was developed by th ...
Pension trustee skills, capability and culture: a call for evidence
ID 25902
Following the launch of a „call for evidence“ on „pension trustee skills, capability and culture“ in the summer 2023, the Department for Work and Pensions (DWP) and the HM Treasury have now published their response to the consultation. In this response, the regulators briefly summarize the feedback they have received and outline the way forward on the issue. To recall, in the „call for ...
Pensions value for money
ID 25898
The Financial Conduct Authority (FCA) has published a statement to provide an update to pension fund trustees, managers, and scheme members on the government’s efforts to increase value for money for pension savers. In this context, the FCA notes the following: The FCA, in collaboration with the Department for Work and Pensions (DWP) and The Pensions Regulator (TPR), is creating a new Value for ...
Myanmar/Burma: New consolidated versionof Council Regulation (EU) No 401/2013 ...
ID 25894
A new consolidated version of Council Regulation (EU) No 401/2013 relating to sanctions measures in light of the situation in Myanmar/Burma was published in the Official Journal (OJ) of the EU. This consolidated version includes a revised table under Annex IV – which contains a „List of natural and legal persons, entities and bodies subject to asset freezing measures* – resulting from the entry ...
Amendments to the Payment Practices and Performance Regulations 2017
ID 25892
Following a consultation earlier this year on proposed amendments to the Reporting on Payment Practices and Performance Regulations 2017 and the extension of the regulations beyond April 6, 2024, the Department for Business, Energy & Industrial Strategy (BEIS) has published a corresponding consultation outcome paper. To recall, the 2017 regulations specify reporting requirements for all companies meeting certain thresholds as regards their payment policies, ...