Member States continue MiCA review
December 21, 2020
On 14 December 2020, the outgoing German Presidency of the Council hosted the last working group under its leadership for Member States representatives with a purpose of continuing discussions on the recently proposed regulation on markets in crypto-assets (MiCA).
New EU Cybersecurity Strategy and new rules to make physical and digital critical entities more resilient
December 18, 2020
On 16 December 2020, the European Commission published a new EU cybersecurity strategy.
FCA establishes Temporary Registration Regime for cryptoasset businesses
December 16, 2020
The FCA has established a Temporary Registration Regime to allow existing cryptoasset firms, who have applied to be registered with the FCA before 16 Dec, to continue trading after 9 January 2021 until 9 July 2021, pending the FCA’s determination of their application.
Member States continue DORA review
December 14, 2020
On Tuesday, 8 December 2020, the outgoing German Presidency of the Council held another working group to continue its substantive review of the European Commission’s proposal for regulation on digital operational resilience in financial services (DORA). On the agenda for discussion was, among other, in-depth review of certain provisions concerning third-party ICT service providers.
DeFi: Insurance / Alternative Risk Coverage
December 08, 2020
In this series of blogposts, we explore some of the main types of decentralised finance (DeFi) applications (dApps), and key areas of legal risk that may be of particular relevance for that type of application or product.
FCA portfolio letter to firms in the mainstream consumer credit lenders portfolio
December 04, 2020
On 2 December 2020, the FCA published a letter it had sent to the board of directors of firms assigned to the mainstream consumer credit lenders portfolio.
Monthly Global FinTech regulatory updater
December 04, 2020
Every month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.
SEPA Request-To-Pay Scheme Rulebook
December 01, 2020
On 30 November 2020, the European Payments Council (EPC) published version 1.0 of the SEPA Request-To-Pay (SRTP) Scheme Rulebook.