Europe

Securities / Derivatives

SIX Swiss Exchange Lists First Chinese A-Shares as GDRs

By Editors | 28/07/2022

The listings mark the official launch of the China-Switzerland Stock Connect programme. More than ten other companies have disclosed plans to issue GDRs in Switzerland.

AML / KYC

UK, EU Introduce Additional Sanctions Against Russia

By Manesh Samtani | 28/07/2022

The UK announced 42 new designations. The EU extended its sanctions and added 54 more individual and 10 more entity designations.

Fintech / Regtech

UK Regulators Progress Work to Transform Data Collection

By Editors | 28/07/2022

The BOE and FCA will delivering a more “intuitive” form design across regulatory returns that will make data submission “simpler, faster, and more valuable”.

AML / KYC

UK: Most Crypto Firms Simply Withdrew Their FCA Applications

By Mark Johnston | 26/07/2022

The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.

AML / KYC

UK Requires Crypto Firms to Report Sanctions Breaches

By Editors | 26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Big Picture

ECB Calls Out Crypto Assets for ‘Outsized Carbon Footprint’

By Editors | 24/07/2022

The ECB calls on investors and financial institutions to evaluate whether crypto undermines their ESG objectives and climate strategy.

Enforcement

UK FRC Scrutinises Audit Firms’ Exam Cheating Controls

By Editors | 24/07/2022

The UK Financial Reporting Council asked 7 audit firms to detail the controls that are in place to prevent and detect cheating in professional exams.

Crypto / Digital Assets

UK Gov Publishes Financial Services and Markets Bill

By Editors | 22/07/2022

The bill establishes HM Treasury’s authority to make regulations for digital assets including stablecoins.

Securities / Derivatives

LME Delays New Reporting Requirements to 5 September

By Editors | 19/07/2022

Market participants expressed concerns regarding their ability to ensure data is properly and accurately reported by the implementation date, earlier set for 18 July.