Sustainability Report 2024
Private markets and wealth management: a growing connection
How technology enables broader access to private markets
23 November 2022
This eBook highlights the Digital Operational Resilience Act (“DORA”) and is the first piece of legislation at the European level addressing the topic of digital operational resilience for financial services.
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In February 2022, the FSB issued a report “Assessment of Risks to Financial Stability from Crypto-assets” to examine the threat of the fast evolving Crypto-asset markets to the global financial stability.
22 November 2022
The MAS (“Monetary Authority of Singapore”) seeks to develop an innovative and responsible digital asset ecosystem by protecting the public. To that effect, on 26 October 2022, the regulator issued two consultation papers, both closing by 21 December 2022.
On September 16, 2022, the White House released its “First-Ever Comprehensive Framework for Responsible Development of Digital Assets”. Following President Joe Biden’s Executive Order, agencies across the United States government have worked together to develop policies, recommendations, and frameworks relating to digital assets.
21 November 2022
The MAS (“‘Monetary Authority of Singapore”’) seeks to develop an innovative and responsible digital asset ecosystem by protecting the public. To that effect, on 26 October 2022, the regulator issued two consultation papers, both closing by 21 December 2022.
16 November 2022
On 10 October 2022, the Organisation for Economic Co-operation and Development (“OECD”) published its Crypto-Asset Reporting Framework (“CARF”). Mandated by the G20, the OECD’s CARF aims create a framework for standard reporting of tax information on crypto-assets transactions with a view to automatically exchanging such information with the jurisdictions of residence of taxpayers on an annual basis, in a similar manner to how the Common Reporting Standards (“CRS”) operate. The release by the OECD introduces the CARF as well as proposes amendments to the CRS.
14 November 2022
The TFSF aims to drive forward discussions on sustainable finance in the DIFC with the goal of supporting the adoption and application of global regulatory standards relating to sustainable finance.
11 November 2022
On 10 October 2022, the European Parliament Committee on Economic and Monetary Affairs (ECON) voted in favour of progressing the last version of the Markets in Crypto Assets (MiCA). The next steps are for the Council and Parliament to give final approval before it enters into force in 2024.
On 11 October 2022, the FSB issued a consultative report proposing recommendations to promote the consistency and comprehensiveness of regulatory, supervisory and oversight approaches to crypto-assets activities.
10 November 2022
The DFSA has published its decisions to impose sanctions on KPMG LLP, and Mr Milind Navalkar has been referred to the Financial Markets Tribunal
04 November 2022
SEC proposes new oversight requirements for certain services outsourced by investment advisers.
03 November 2022
On 17 October 2022, the Dubai financial Services Authority (DFSA) released a Feedback Statement in response to an earlier consultation (CP-143), which set out a proposal for a framework to regulate financial services in respect to Crypto Tokens.
