Tag Archives: Regulatory Reform

Hong Kong Insurance Authority prepares for direct regulation of insurance intermediaries in mid-2019 – what is the progress so far?

It is anticipated that in around mid-2019, the Insurance Authority (IA) will take over the regulation of insurance intermediaries from the three self-regulatory organisations (SROs). In preparation for the commencement of the new regime, the IA has launched several public consultations … Continue reading

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Filed under Hong Kong, Insurance

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 … Continue reading

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Filed under Announcements, Hong Kong, Regulatory Reform, Sector Updates by Herbert Smith Freehills

Corporate Crime Monthly Update September 2016

Welcome to the September 2016 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each jurisdiction, please click … Continue reading

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Filed under Bribery and Corruption, Corporate Crime, Europe, Investigations, JURISDICTIONS, Non-UK regulation, Regulatory Reform, Sanctions and Money Laundering

Final EBA Guidelines published: EBA continues to propose extending the bonus cap to all CRDIV firms

The European Banking Authority has published the final version of its updated guidelines on the CRDIV remuneration requirements.

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Filed under Banking, EU, European Guidance, European Regulation, Remuneration

Authorising third country insurance firms: has the Commission got it wrong?

Geoff Maddock, partner Email | Profile tel: +44 20 7466 2067 mobile: +44 7785 255016 By Geoff Maddock, corporate insurance partner Commission view on authorisation In July 2015 a Commission official expressed a controversial view on when third country insurance … Continue reading

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Filed under Europe, Insurance, UK, UK Legislation, UK Regulations, Uncategorized

Problems with unit-linked products

Unit-linked insurance products have recently given rise to a number of regulatory issues. These cover: mis-selling; the responsibility of the insurer on the one hand and the intermediary on the other; the impact of Solvency II on the calculation of technical … Continue reading

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Filed under Europe, European Regulation, FCA, PRA, Retail Banks, Uncategorized

UK: FCA and HM Treasury publish approach to UK implementation of MIFID II

The FCA and HM Treasury have published the first set of papers on the UK implementation of MiFID II: FCA discussion paper “Developing our approach to implementing MiFID II conduct of business and organisational requirements” (DP15/3); and HM Treasury consultation … Continue reading

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Filed under Banking, Consultations, EU, Europe, European Regulation, FCA, HM Treasury, UK

China plans to reshuffle foreign investment regulation

After a long wait, on 19 January 2015, China’s Ministry of Commerce (MOFCOM) released the draft Foreign Investment Law for public comment.  The draft Foreign Investment Law represents a significant step forward in China’s continuing reform and opening-up.  When it … Continue reading

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Filed under Asia, China, Funds, Investment banking

MiFID II: ESMA Technical Advice and Consultation

The European Securities and Markets Authority (ESMA) published the following MiFID II Level 2 materials on Friday, 19 December: ESMA’s final technical advice to the European Commission on delegated acts; and a Consultation Paper on draft technical standards The revised … Continue reading

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Filed under EU, Europe, European Regulation, Uncategorized

UK: The Davis Review: recommendations for improvement in FCA processes

On 10 December 2014 the FCA published the Davis Review in full together with the FCA’s formal response.   It provides a detailed account and analysis of the events leading up to and immediately after the publication of The Telegraph story … Continue reading

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Filed under FCA, UK