Europe

ESG / Sustainability

Thai SEC Signs New Financial Services MoU with UK

By Editors | 11/01/2023

The MoU will focus on developing the FinTech sector, promoting sustainable finance, and increasing awareness of sustainable investment in Thailand and other ASEAN countries.

Market Infrastructure

BaFin Orders Deutsche Börse Entities to Remedy Deficiencies

By Editors | 10/01/2023

Business organisation and risk management deficiencies were identified at Eurex Clearing, Clearstream Banking and Clearstream Holding.

Crypto / Digital Assets

ECB Seeks Experts to Help Draft CBDC Rulebook

By Editors | 09/01/2023

The Rulebook Development Group will commence work in February 2023, comprising Eurosystem staff and market representatives with relevant experience.

Crypto / Digital Assets

UK Adds Cryptoassets to Investment Manager Exemption

By Editors | 08/01/2023

Global investors using UK investment managers will not be subject to UK tax if they include cryptoassets within their portfolios.

Market Infrastructure

RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

By Mark Johnston | 05/01/2023

The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

AML / KYC

Dutch Banks Start Charging Customers for AML Checks

By Editors | 04/01/2023

Companies, associations, charities and churches, among others, are being charged a monthly levy to cover the rising cost of AML checks.

Market Infrastructure

China, Switzerland Mutually Recognise Audit Standards as Equivalent

By Editors | 02/01/2023

The equivalence decision is expected to reduce audit costs, improve audit efficiency, and deepen Sino-Swiss economic, trade and financial cooperation.

AML / KYC

Isle of Man, Guernsey, Jersey Pause Work on UBO Registers

By Editors | 30/12/2022

Further legal advice is needed following the November judgment by the EU Court of Justice, which found public access to UBO information interferes with the right to privacy.

Securities / Derivatives

UK Court Dismisses Case Seeking LME Disclosures on Cancelled Nickel Trades

By Editors | 30/12/2022

The lawsuit sought disclosures from the LME regarding its March decision to cancel nickel trades. The court said the merits of the case were “weak”.