Europe: EU / UK regulatory roundup
A round up of recent regulatory developments in the EU and UK.
Stella Cramer, Head of the APAC Technology and Innovation Practice for Norton Rose Fulbright has co-authored a chapter on FinTech developments in the Singapore Academy of Law’s handbook on Financial Services Law and Regulation.
The chapter examines the Singaporean legal and regulatory responses to technology developments in the financial services sector, including the Monetary Authority of Singapore’s Technology Risk Management Guidelines and Outsourcing Guidelines, new regulatory initiatives for Fintech, artificial intelligence and blockchain technologies and the growing regulation of cryptocurrencies.
Stella co-authored the chapter with Dharmendra Yadav, Vice President at the Singapore Corporate Counsel Association and with the assistance of David Olds, Of Counsel at Norton Rose Fulbright in Singapore. The handbook on Financial Services Law and Regulation, is edited by Dora Neo, Hans Tjio and Luh Luh Lan and will be published by Academy Publishing in conjunction with the NUS Centre for Banking and Finance Law.
Stella has been selected by Who's Who Legal: Banking 2018 as being among the world's leading Fintech Lawyers. Stella leads Singapore's technology, media and technology team which is ranked tier one by Legal 500 Asia Pacific since she joined the firm in 2014.
Please find more information on this publication here.
For more information, please contact Stella Cramer.
On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
On July 7, 2020, the Commission de Surveillance du Secteur Financier (CSSF) issued an FAQ document on Circular 02/77 concerning the protection of investors in case of NAV calculation errors and the correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment (the FAQ).