Liechtenstein

#MAR_bitesize

New Market Abuse powers for the FCA   The Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 On 29 June 2016, the Government adopted the Financial Services and Markets Act 2000 (Market Abuse) Regulations 2016 (the "regulations").  This left … Continue reading

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Filed under Estonia, EU, Europe, European Regulation, FCA, France, Germany, Italy, Liechtenstein, UK Regulations, Uncategorized

Market abuse update – April 2016

This will be our last quarterly Market Abuse update before 3 July 2016, the date when both the new Market Abuse Regulation and the Criminal Sanctions (Market Abuse) Directive come into application across Europe. Some significant pieces of the regulatory … Continue reading

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Filed under Americas, Asset management, Australia, Banking, Estonia, EU, Europe, European Regulation, France, Germany, Insurance, Investment banking, Investment Funds, Italy, Liechtenstein, Spain, Ukraine, Uncategorized, US

Finding a data compromise: what the EU Data Protection Regulation compromise says

After almost four years of debate, the European Commission, Parliament and Council finally reached political agreement on the proposed General Data Protection Regulation (the "GDPR") in December 2015.

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Filed under Asset management, Banking, Estonia, European Regulation, France, Germany, Insurance, Investment Funds, Italy, Liechtenstein, Spain

The EU publishes amended guidance on financial sanctions

The Council of the European Union recently published a revised version of the EU Best Practices for the effective implementation of restrictive measures.  The guidance it contains provides some clarification of the many issues which arise in practice for both Member States … Continue reading

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Filed under EU, France, Germany, Liechtenstein, Sanctions and Money Laundering, Spain, UK

OECD Foreign Bribery Report

The Organisation for Economic Cooperation and Development (OECD) released its Foreign Bribery Report (Report) this week.  The Report is the OECD’s first ever analysis of foreign bribery on a global scale.  It analyses 427 legal cases involving companies (164 cases) and … Continue reading

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Filed under Africa, Americas, Asia, Australia, Bribery and Corruption, British Virgin Islands, Cambodia, Cayman, China, Dubai, Estonia, EU, Europe, Finland, France, Germany, Hong Kong, India, Indonesia, International, Italy, Japan, JURISDICTIONS, Korea, Latin America, Liechtenstein, Macau, Malaysia, Myanmar, Pakistan, Philippines, Russia, Singapore, Spain, Thailand, UAE, UK, Ukraine, US

The new EU market abuse and inside information regime – ESMA consults on draft implementing measures

ESMA has published two Consultation Papers setting out proposed draft secondary measures under the Market Abuse Regulation (“MAR”).  These ESMA Consultation Papers follow the Discussion Paper  issued last November, which set out initial views on the policy approach to implementing MAR, and … Continue reading

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Filed under Asset management, Estonia, EU, Europe, European Regulation, France, Funds, Germany, Insurance, Investment banking, Investment Funds, Italy, Liechtenstein, Spain

EEA: EFTA Court rules that a provision requiring specification of basis for suspicion in the context of an information request would be incompatible with the Market Abuse Directive

In Hellenic Capital Market Commission (HCMC) (Case E-23/13), the Court of the European Free Trade Association (EFTA) took the view that a provision which required a competent authority making an information request of another competent authority to specify the facts … Continue reading

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Filed under Europe, European Regulation, Liechtenstein