ADVERTISEMENT
Europe
UK FCA Proposes New Guidance to Tackle Unlawful Social Media Promotions
By Editors | 18/07/2023
The guidance discusses how the use of ‘finfluencers’ and memes on social media could potentially breach the FCA’s rules on financial promotions.
AML / KYC
EU Commission Takes Action Against Cyprus for 5AMLD Implementation Failures
By Editors | 18/07/2023
The European Commission says it has identified multiple instances of incorrect transposition of 5AMLD, despite Cyprus declaring full compliance with the directive.
ESG / Sustainability
UK Lawmakers Launch Inquiry into Sexism in Finance
By Editors | 17/07/2023
The inquiry will examine the progress made in removing gender pay gaps, and measures to combat sexual harassment and misogyny in the industry.
Sanctions
UK Issues Sanctions Over Forced Deportation of Ukrainian Children by Russia
By Mark Johnston | 17/07/2023
The UK has imposed 14 new sanctions on Russian officials for their role in the forced deportation of Ukrainian children to Russia-based re-education camps.
Crypto / Digital Assets
ESMA, EBA Issues First Consultation Packages Relating to MiCA
By Mark Johnston | 17/07/2023
ESMA’s consultation covers conflicts of interest and consumer complaints. EBA’s consultation covers authorisation of stablecoin issuers.
Fintech / Regtech
UK FCA Outlines Plans for Regulating AI and Big Tech
By Manesh Samtani | 16/07/2023
The FCA will address competition issues raised by Big Tech firms and potentially expand the SMCR to apply to “the most senior individuals managing AI systems”.
Fintech / Regtech
France Agrees to Accept UPI Payments from Indian Travellers
By Editors | 15/07/2023
Indian tourists will be able to use the UPI system to make payments in Indian rupees while visiting France.
AML / KYC
Euroclear Faces $2b Lawsuit from Russian Fund Manager
By Editors | 14/07/2023
Russian asset manager First AM says its lawsuit is intended to protect the rights and interests of clients whose assets were frozen.
UK Supreme Court Rules for Barclays in APP Fraud Case
By Manesh Samtani | 14/07/2023
Customer argued Barclays owed her a duty to not comply with her instructions if the bank suspected she was being defrauded.
Enforcement
UK FCA Fines Bastion Capital Over Cum-Ex Trades
By Mark Johnston | 13/07/2023
The UK FCA imposed a GBP 2.45 million fine on a former broker that executed over GBP 70 billion worth of fraudulent trades.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.