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Promotion of cryptoassets to UK consumers to be regulated by the UK Financial Conduct Authority

United Kingdom - February 28 2022 As expected, the UK Government has announced, in its January 2022 consultation response ("the Response"), that the promotion of cryptoassets to UK…

Struan Clark, Gareth Rees KC, Chloe Kearns

New UK Insolvency Regime for Payment and Electronic Money Institutions

United Kingdom - June 29 2021 On 8 July 2021, the Payment and Electronic Money Institution Insolvency Regulations 2021 (the Regulations) will come into force in the UK and…

Howard Morris

Basel Committee and IOSCO Suggest Delay in Final Implementation Phases of Margin Requirements for Non-Centrally Cleared Derivatives

Global, USA - April 22 2020 On 3 April 2020, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) announced…

Peter J. Green, James E. Schwartz

Brexit Withdrawal Agreement Receives Royal Assent

European Union, United Kingdom - January 24 2020 Following the result of the UK’s referendum in 2016 on leaving the European Union, the Withdrawal Agreement negotiated between the United Kingdom and…

Peter J. Green, Alistair Maughan, Howard Morris

The UK’s Implementation of the EU’s Fifth Money Laundering Directive: What You Need to Know

European Union, United Kingdom - January 9 2020 On 10 January 2020, updates to the UK anti-money laundering and counter-terrorist financing (together “AML”) laws come into force that bring the UK…

Saqib Alam, Yulia Makarova, Chiraag Shah