On 19 December 2022 the Bank of England ("BoE") published its annual report on Financial Market Infrastructures' ("FMIs") supervision which sketches the BoE's work undertaken during 2021/22 and sets out its supervisory approach for 2022/23 ("Report"). Read more

The Upper Tribunal has issued its judgment in the case of Moneybrain Ltd v The Financial Conduct Authority. The judgment is relevant to cryptoasset businesses, particularly those dealing with tokens that have some (theoretical or practical) correlation to other assets, and the promotional material in respect of these tokens. Read more

Herbert Smith Freehills LLP has published an article in Butterworths Journal of International Banking and Financial Law on artificial intelligence (AI) and the Consumer Duty. Read more

The IP Division of the Court of Rome has issued a preliminary injunction to prohibit the minting and marketing of Non-Fungible-Tokens (“NFT”) that, unauthorised, reproduced well-known trade marks owned by the Juventus football club. Read more

Have you been keeping up to date with the latest virtual asset (VA) developments in Hong Kong? They continue to come thick and fast. We set out below a wrap-up of the most recent developments, including in relation to the new virtual asset service provider (VASP) licensing regime, warnings from the Securities and Futures Commission (SFC), amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), and what to expect in the new year. Read more

The Chancellor of the Exchequer has announced a set of reforms which, in tandem with the Financial Services and Markets Bill, the governments hopes will drive growth and competitiveness in the financial services sector. The Chancellor has made a written statement to Parliament on the measures proposed. Read more

Our Global FSR Outlook 2023 has been published.  In the Outlook, our Financial Services Regulatory (FSR) team surveys the regulatory landscape for 2023 and considers the challenges confronting firms and regulators. Read more

On 3 November 2022 the CMA published guidance for social media platforms, brands and content creators setting out how they should approach online advertising in order to ensure they comply with the relevant UK consumer protection legislation. Read more