Insights

The Digital Operational Resilience Act (“DORA”) - Developments

On December 8 2023, the three European Supervisory authorities (“ESAs”) - European Banking Authority (“EBA”), the European Insurance and Occupational Pensions Authority (“EIOPA”) and the European Securities and Markets Authority (ESMA”) - launched the second consultation on the second batch of Digital Operational Resilience Act (“DORA”) policy products.

The Economic Crime and Corporate Transparency Act (ECCTA ) - March 2024

Cayman regulatory update Q1 2024

An overview of California's climate disclosure requirements

ESMA seeks clarity on crypto-asset regulation: reverse solicitation and classification of crypto-asset as financial instruments

The Markets in Crypto-Assets (“MiCA”) Regulation is nearing its implementation, and the European Securities and Markets Authority (“ESMA”) released two crucial consultation papers on January 29th. The first one focuses on reverse solicitation and the other on the classification of crypto assets as financial instruments in light of the Markets in Financial Instruments Directive II (“MiFID II”). This article provides an overview of the insights they offer.

EU Council and Parliament strike a deal on stricter AML rules

On January 18 2024, the European Council and European Parliament reached an agreement on the final details surrounding stricter anti-money laundering (“AML”) rules in the EU, further to its AML package.

Bermuda regulatory updates Q4 2023

Our latest report on Bermuda will bring you up to speed on relevant updates and regulatory developments that took place during the fourth quarter of the year.

Global regulatory update Q4 2023

Happy New Year and welcome to 2024. The last quarter of 2023 saw a multitude of regulatory updates across key jurisdictions, with environmental, social, and governance (“ESG”), virtual assets, and several other key topics such as the Alternative Investment Fund Managers Directive (“AIFMD”) stealing the headlines.

Global regulatory update Q3 2023

The summer saw a multitude of regulatory updates across many key jurisdictions. Those updates covered a range of topics from environmental, social, and corporate governance (“ESG”) to digital assets, anti-money laundering (“AML”), counter-financing of terrorism (“CFT”) and changes to several major regulations.

Mauritius regulatory update: Financial Services Commission (“FSC”) guidelines for digital signatures

On Monday, October 23 2023, the FSC announced the launch of a framework governing the use of digital signatures, detailed in its “Guidelines for Digital Signature” document. The guidelines set out the FSC’s expectations of the industry and licensees when adopting digital signatures while conducting their financial business activities.

US Regulatory Update Q3 2023

Regulatory and compliance updates for Cayman Islands Q3 2023