marketing.hsf.com Open in urlscan Pro
134.213.80.13  Public Scan

Form analysis
0 forms found in the DOM

Text Content

 

VIEW A WEB VERSION OF THIS EMAIL HERE

CONTACTS

SHARE



For the full update on each jurisdiction, please click on the name of the
jurisdiction. Below we provide a brief overview of what is covered in each
update.



THIS WEEK AT A GLANCE

Week ending 23 September 2022 | London

UNITED KINGDOM

 * FCA: Multi-firm review of GI brokers -  assessing liquidity for orderly
   wind-down
 * FCA: Financial Resilience Survey - new iteration in October
 * FCA: PS on general insurance pricing practices - update
 * PRA: CP on depositor protection
 * HMT: Policy paper on the Growth Plan 2022 
 * FCA: CP on guidance on the trading venue perimeter
 * FOS: Complaints data for H1 2022 
 * Retained EU Law (Revocation and Reform) Bill
 * Economic Crime and Corporate Transparency Bill
 * FCA: Report on potential interventions to reform multi-occupancy buildings
   insurance market
 * PRA CP on changes to the regulatory regime for credit unions
 * FSSC: Insight Paper on socioeconomic background data
 * BoE: CP on fees regime for FMI supervision 2022/23
 * BoE: Speech on trends in the life insurance sector and risk management

--------------------------------------------------------------------------------

EUROPE

 * ESMA: Final Report on Guidelines on certain aspects of the MiFID II
   suitability requirements
 * ESMA: Letter to EC on developments in energy derivatives markets 
 * ESMA: Updated Q&As
 * EBA launches 2022 EU-wide transparency exercise
 * ESMA: CP on draft RTS on business reorganisation plans under CCPRRR
 * EIOPA publishes SS on exclusions related to systemic events and the
   management of non-affirmative cyber exposures 
 * Adoption of CRR 'quick fix', changes to SRB policy for MPE banks
 * OJ: RTS supplementing the CRR – emerging markets and advanced economies
 * EBA: Final draft RTS specifying the performance-related triggers under SR
 * SRB holds its seventh annual conference on European banks' resolvability
 * EP/ECON: Study on prudential treatment of equity exposures under Solvency II

--------------------------------------------------------------------------------

ASIA-PACIFIC

AUSTRALIA

 * Financial services companies admit liability and are fined $14.5 million for
   fees for no service  
 * Superannuation fund provider penalised $7.2 million for breaches of best
   interest obligations

HONG KONG

 * HKGFA publishes report on key potential use cases of CGT in Hong Kong and
   rest of GBA
 * Sanctions updates
 * HKMA sets out policy stance and next steps on retail CBDC (e-HKD)
 * SFC updates FAQs relating to open-ended fund companies
 * FSTB, SFC and Invest Hong Kong exchange viewpoints with industry leaders to
   foster development of STOs in Hong Kong
 * Covid-19: HKMA and HKMC Insurance Limited announce extension to Pre-approved
   Principal Payment Holiday Scheme and principal moratorium arrangement under
   SME Financing Guarantee Scheme respectively
 * HKEX publishes FAQs No. 102-2022 to 117-2022 on SPACs

SINGAPORE

 * MAS MD delivers keynote at SuperReturn Asia
 * MAS and IFSCA sign FinTech Co-operation Agreement

MALAYSIA

 * SCM Chair addresses IIC-SIDC Corporate Governance Conference 2022
 * BNM Deputy Governor addresses Cagamas Developing and Financing Green Housing
   in Asia Conference

THAILAND

 * BoT Assistant Governor delivers opening remarks at TB-CERT seminar
 * SECT consults on draft regulations – REIT assets
 * BoT Governor addresses Budapest Eurasia Forum 2022

INDIA

 * RBI Governor addresses Mumbai FinTech Festival
 * RBI issues circular on UCB compliance functions and the role of the CCO
 * IFSCA and MAS announce FinTech Cooperation Agreement

--------------------------------------------------------------------------------

UNITED STATES

 * SEC charges a CEO and former President with insider trading
 * SEC orders crypto company to pay $35 million to harmed investor fund for
   unregistered crypto asset offering
 * Treasury seeks input on illicit finance, national security risks posed by
   digital assets
 * CFTC obtains order against defendants in a $6.6 million scheme that defrauded
   binary options pool participants
 * Treasury publishes reports on digital assets

--------------------------------------------------------------------------------

INTERNATIONAL

 * GFANZ: Consultation on development of NZDPU

--------------------------------------------------------------------------------

Insights from Herbert Smith Freehills

 * An evolving role, demanding commercial and political expertise: General
   Counsel in Tech
 * HSF explains: The Merge - a green crypto revolution or more hype?
 * UK Government Paper on its proposed approach to regulating AI - our key
   takeaways
 * A new regime for critical third party providers to UK financial services
   firms is on the horizon

An archive of our Financial Services Regulation Weekly Updates, covering
regulatory developments in the UK, APAC region, Europe, US and at a global level
is available on our FSR and Corporate Crime Notes blog here

--------------------------------------------------------------------------------

Ukraine-related sanctions measures

Regular updates on sanctions and other developments that may impact businesses
with interests or operations in Ukraine and/or Russia are available on our FSR
and Corporate Crime Notes blog here.

Back



LATEST THINKING

Global perspectives and local insights from our legal experts

READ MORE

 


FIND OUT MORE

WEBSITE

OUR EXPERTISE

OUR PEOPLE

WHERE WE WORK

HUBS

BLOGS


STAY CONNECTED



 


CONTACT US

If you would like further information about the items featured in this update,
please email the FSR team

 

 

 

 

 

 



MANAGE SUBSCRIPTIONS

 

UNSUBSCRIBE

The contents of this publication, current at the date of publication set out
above, are for reference purposes only. They do not constitute legal advice and
should not be relied upon as such. Specific legal advice about your specific
circumstances should always be sought separately before taking any action based
on this publication.

© Herbert Smith Freehills LLP 2023

Privacy: Herbert Smith Freehills respects the privacy of your personal
information. For more information on how we process personal information, please
see our Privacy Policy and Cookie Policy.

This message is sent by Herbert Smith Freehills LLP, Exchange House, Primrose
Street, London EC2A 2EG, United Kingdom, Tel: +44 20 7374 8000.

這個信息是由史密夫斐尔律師事務所發出。地址:Exchange House, Primrose Street, London EC2A 2EG, United
Kingdom,電話：+44 20 7374 8000。

不希望接收本电子报
如阁下不希望接收本电子报，请点击此处。

史密夫斐尔律师事务所尊重您的個人隱私。 有關我們如何處理個人資料，請參閱我們的隱私政策和Cookie政策。



© Herbert Smith Freehills LLP 2023