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On October 9, 2019, the Department of the Treasury ('Treasury') published proposed regulations on the transition from interbank offered rates ('IBORs') to other reference rates (the 'Proposed Regulations').1 A broad [...]

The Canadian Securities Administrators (CSA) released final amendments to National Instrument 31-103, intended to 'enhance the client-registrant relationship'. The amendments will come into force on December 31, 2019 provided all [...]

MiFID II overhauled the way in which firms pay for, price and provide research - in large part, aiming to reduce conflicts of interests and ensure that firms are acting [...]

As you may remember, there were a lot of changes to the U.S. tax law at the end of December 2017. Those changes were enacted by the so-called Tax Cuts [...]

Following the decisions of the Council of Ministers dated 13th September 2016 and 21st May 2018 as amended on 13th February 2019 and 6th May 2019, the Cyprus Investment Programme [...]

The bulk of the new EU Prospectus Regulation 2017/1129 (the Regulation) took effect on 21 July 2019. The key aims of the Regulation are to modernise the EU prospectus regime [...]

On June 21, 2019, one year after it was tabled in the House of Commons, Bill C-82, An Act to implement a multilateral convention to implement tax treaty related measures [...]

As published in 'Accountancy Cyprus', the Journal of the Institute of Certified Public Accountants of Cyprus, March 2019 edition. Download >> IFRS 9 For Corporates: Is The Grass Greener On [...]

Byline: Michael Roddan and Ben Butler Jun 26, 2019 (The Australian - ABIX via COMTEX) -- The Australian Securities & Investments Commission's powers to ban financial products that are deemed [...]

The regulation of cryptoassets is a question that has been troubling lawmakers and regulators across the globe. This new phenomenon has had a small but significant effect on how financial [...]

On 29 March 2019, ESMA updated its Q&A on the Market Abuse Regulation (EU) 596/2014 ('MAR') to include clarifications on Article 17 of MAR and more particularly to clarify that [...]

In brief - offerors (including insurers) and distributors of financial products will now be responsible for determining the target market for products and appropriate distribution strategies The Government recently passed [...]

The European Parliament has recently reached a political agreement with the European Council and European Commission regarding the proposal for a regulation which will modify Regulation (EU) 2016/1011 on indices [...]

FINRA proposed new Rule 7640B ('Data Products Offered by NYSE'). The proposed Rule 7640B would: describe FINRA's practices with respect to the distribution of market data for OTC transactions in [...]

With the aim of protecting small investors, the European Securities and Markets Authority (ESMA) has temporarily banned the marketing, trading and selling of binary options. The decision was made after [...]

The Federal Reserve Board ('FRB') final amendments to a policy statement on the scenario design framework for stress testing were published in the Federal Register. In addition, the FRB stress [...]

On 31 January 2019, the bill of law n°7401 (the 'Bill') was issued on measures to be taken in relation to the financial sector in case of the withdrawal of [...]

CFTC Chair J. Christopher Giancarlo highlighted the importance of ensuring that America's derivatives markets remain 'open, orderly and highly liquid.' He emphasized that U.S. global competitiveness requires America's derivatives markets [...]

France Introduces New Replication Mechanism for Master Agreements Ahead of Brexit On Feb. 6, the French government put forth a statutory instrument (l'ordonnance n° 2019-75 du 6 février 2019, hereinafter [...]

The Ogier trusts team in Guernsey has been successful in its application on behalf of a Jersey trustee (the Trustee) to vary an order previously made by the Royal Court [...]

The Financial Conduct Authority ('FCA') published a press release explaining that claims management companies can now register for the temporary permission they will need to continue operating when the FCA [...]

Reference: CapLaw-2018-61The Financial Services Act (FinSA), which is expected to enter into force on 1 January 2020, will introduce a new registration duty for client advisers of Swiss financial service [...]

A hard Brexit will not only affect UK firms and gives rise to more issues than just market access.Much attention has been given to the problems which UK firms will [...]

SEC staff requested feedback on the impact of recent EU rules on research and three related SEC no-action letters. Comments must be submitted by January 31, 2019.To assist market participants [...]

On Tuesday, the SEC finally dredged up the 2015 proposal to implement section 955 of Dodd-Frank regarding hedging disclosure in proxy statements and, without an open meeting, voted-yes finally-to adopt [...]

On December 7, 2018, the U.K. FCA launched two consultations proposing to prohibit the sale, marketing and distribution of binary options to retail consumers and to restrict the sale, marketing [...]

A structure of a 'synthetic' loanThe term 'synthetic' loan is generally used to describe an artificial financial instrument where a loan is denominated in a base currency (X) but disbursed [...]

The FCA (Financial Conduct Authority) has made no secret of its concerns about binary options and CFD (contracts for difference) trading. It has now moved to restrict the marketing and [...]

On January 3, 2019, amendments to National Instrument 81-102 Investment Funds (NI 81-102) and its companion policy, as well as related national instruments available here will come into force. These [...]