Europe

Securities / Derivatives

UK FCA Finalises Rule Changes for SPAC Listings

By Manesh Samtani | 28/07/2021

The FCA will remove the presumption of suspension at the point when an acquisition target is identified, for SPACs that meet certain criteria.

AML / KYC

European Commission Presents Package of AML/CFT Reforms

By Editors | 23/07/2021

A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.

AML / KYC

SFC Issues Warning on Unregulated Virtual Asset Platforms

By Editors | 18/07/2021

Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.

Securities / Derivatives

ESMA Outlines Disclosure Expectations for SPACs

By Sanday Chongo Kabange | 18/07/2021

The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.

AML / KYC

European Commission Seeks Establishment of New AML Authority

By Ranamita Chakraborty | 15/07/2021

The new authority would be able to directly oversee the financial firms operating across multiple member states and issue penalties for AMLviolations.

Securities / Derivatives

Korean Won Futures Set for Launch on Eurex-KRX Link

By Editors | 12/07/2021

The listing of USD/KRW Futures on the KRX-Eurex link will allow for continuous trading during Asian, European and North American market hours.

Market Infrastructure

EU Regulators Urge Participants to Stop Using LIBOR

By Sanday Chongo Kabange | 05/07/2021

Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.

AML / KYC

ECA Warns of Weaknesses in EU’s AML/CFT Regime

By Ranamita Chakraborty | 02/07/2021

AML/CFT efforts are hindered by institutional fragmentation and poor co-ordination at EU level, among other weaknesses.

Fintech / Regtech

German Firms Validate Derivatives Use Case for Smart Contracts

By Sanday Chongo Kabange | 01/07/2021

Smart derivative contracts simplify and accelerate settlement processes of OTC derivatives and create economic advantages for counerparties.