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Depository Institutions’ Issuance of Payment Stablecoins The RFIA would permit depository institutions (i.e., insured banks, thrifts and credit unions) to hold and issue digital assets. [read post]
7 Feb 2022, 11:00 pm by Shawn Barnett (ZA)
  Financial Sector Conduct Authority (FSCA) General Notice 3 of 2020 exempts the following persons from the requirements of the Joint Standard probably because these entities are regulated in this regard by their own laws: authorised financial services providers, other than authorised financial service providers that are also eligible financial institutions or managers of collective investment schemes; credit rating agencies; friendly societies; pension fund organisations; financial product… [read post]
17 Jan 2022, 1:28 am by Laura Hodgson (UK)
The Prudential Regulation Authority (PRA) has published a ‘Dear CEO’ letter written by Anna Sweeney and Charlotte Gerken, co-Executive Directors for Insurance Supervision at the PRA. [read post]
7 Jan 2022, 8:55 pm by Simon Lovegrove (UK)
The FCA notes that as part of the Financial Services Act 2021, Parliament legislated to extend the Undertakings for the Collective Investment in Transferable Securities (UCITS) exemption in The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation (as enacted in retained EU law) by 5 years – from 31 December 2021 to 31 December 2026. [read post]
29 Dec 2021, 12:00 pm by Kevin LaCroix
The US experience, as shown by securities class actions such as Owens Corning v National Union Fire Insurance Co [6], indicates that the construction of exclusions is not a simple issue. [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
Square, the digital payments company Dorsey co-founded and remains at the helm of, announced on Wednesday that it is rebranding as “Block. [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
Square, the digital payments company Dorsey co-founded and remains at the helm of, announced on Wednesday that it is rebranding as “Block. [read post]
18 Oct 2021, 5:45 am by Laura Hodgson (UK)
Resolution authorities will take a co-ordinated response to firms in financial distress through the operation of resolution ‘colleges’ Next steps It is now for the Council and the European Parliament to consider the two legislative proposals. [read post]
7 Oct 2021, 12:18 pm by Silver Law Group
(CRD#:8174) of Weehawken, NJ, and Prudential Securities Incorporated (CRD#:7471) of New York, NY. [read post]
13 Jul 2021, 9:56 pm by Annsley Merelle Ward
He also noted that Instance v Denny was later supported by the Court of Appeal in Prudential Assurance Co Ltd v Prudential Insurance Co of America [2003] EWCA Civ 1154. [read post]
22 Dec 2020, 1:21 pm by Patty Tan and Hannah McAslan (UK)
Dimitris Papoutsisdimitris.papoutsis@neo.law Tel +357 25 110145 Elias Neocleous & Co LLC Denmark No temporary permissions regime that would enable UK firms to provide cross-border services. [read post]