With fintech being a rapidly developing and increasingly regulated area, we have created a timeline of key UK and EU regulatory milestones to watch out for over the coming months and years.
Tag: regulation
The rise of the crypto hedge fund: opportunities and challenges
The extraordinary returns generated by cryptocurrencies have led to a frenzy of investment activity and interest from investors. Several new crypto hedge funds have emerged, and cryptocurrency is fast establishing itself as a mainstream asset class.
However, numerous operational and regulatory concerns remain. While regulators are increasing oversight, established players and startups are moving to address the current gaps in infrastructure, control and compliance.
Read our latest article for Regulation Asia to learn more about overcoming the challenges to make the most of the opportunities of this new asset class.
Key contacts
Hannah Cassidy
Partner, Hong Kong
+852 2101 4133
Grace Chong
Registered foreign lawyer (Singapore), Hong Kong
+852 2101 4138
HKMA publishes open API framework for Hong Kong banking sector and launches own open API
On 18 July 2018, the HKMA announced that it had concluded a consultation on its intended approach to open application programming interface (API) for the Hong Kong banking sector, and had published its final framework and implementation plan. Continue reading
Fintech regulation – what is in the pipeline?
Here is our latest timeline covering key UK and EU regulatory developments in the pipeline. Continue reading
REGULATION IN THE AGE OF CRYPTOCURRENCIES
Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies Continue reading
Open Banking catching the eye of global regulators: Developments in Hong Kong, Singapore and Australia
The banking industry has undergone rapid change in recent years with the rise of virtual currency, fintech and digital innovation challenging the status quo. One of the key developments emerging in the last couple of years is the concept of Open Application Programming Interfaces (APIs) for use in the banking industry, or Open Banking. Continue reading
Fintech regulation – what to expect
With increasing regulation in the fintech space, we have created a timeline of key UK and EU regulatory milestones to expect over the coming months and years. Continue reading
Further developments in Distributed Ledger Technology
On 15 December 2017, the Financial Conduct Authority (FCA) published the Feedback Statement (FS) to its April 2017 Discussion Paper (DP) DP17/03 on Distributed Ledger Technology (DLT). Continue reading
Singapore’s MAS issues Guide to Digital Token Offerings
On 14 November 2017, the Monetary Authority of Singapore (MAS) issued a guide during the first day of the Singapore FinTech Festival to provide general guidance on the application of the securities laws administered by the MAS, namely the Securities and Futures Act (SFA) and the Financial Advisers Act, to offers or issues of digital tokens in Singapore.
This follows the MAS’s clarification on 1 August 2017 that an offer or issue of digital tokens would be regulated if these tokens constitute products which are regulated under the SFA. Our e-bulletin in August 2017 regarding the clarification can be accessed here.
In our recent bulletin, we highlight the key points in the MAS guide and set out our observations. If you wish to discuss this further, please do not hesitate to reach out to our Asia team (below) or your usual Herbert Smith Freehills contact.
Key contacts
Will Hallatt
Partner, Hong Kong
+852 2101 4036
Siddhartha Sivaramakrishnan
Partner, Singapore
+65 6868 8078
Hannah Cassidy
Partner, Hong Kong
+852 2101 4133
Herbert Smith Freehills LLP is licensed to operate as a foreign law practice in Singapore. Where advice on Singapore law is required, we will refer the matter to and work with licensed Singapore law practices where necessary.
Fintech regulation – what is on the horizon?
With fintech becoming such a fast-moving and increasingly regulated space, we have created a timeline of key UK and EU regulatory milestones to watch out for over the coming months and years. Continue reading