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US: Federal Judge rules Securities Laws may cover ICOs

buckleysandler.com/blog/2018-09-14/district-court-rules-us-securities-law-may-cover-initial-coin-offering-criminal-case www.blockchainandbanking.com/is-it-a-cryptocurrency-or-a-security#page=1 proskauer.com/blog/federal-judge-rules-securities-laws-may-cover-icos www.venable.com/judge-rules-icos-may-be-covered-by-securities-law-but-the-status-of-utility-tokens-remains-unclear-09-18-2018/ Recent SEC Comment Letter of Interest Regarding Whether a Digital Currency is a Security Under Section 2(a)(1) of the Securities Act See also: www.velaw.com/insights/the-sec-reaffirms-its-stance-most-tokens-are-securities/ 0
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Crypto Currencies, Regulatory, US

UK: Requirement to produce documents to an adviser’s regulator does not infringe client’s privilege

www.cms-lawnow.com/ealerts/2018/09/requirement-to-produce-documents-to-an-advisers-regulator-does-not-infringe-clients-privilege?sc_lang=en www.out-law.com/en/articles/2018/september/high-court-rejects-privilege-claim/ goo.gl/2MLnai www.frc.org.uk/document-library/enforcement/2018/frc-v-sdi-judgement-final See also: globalinvestigationsreview.com/guide/the-practitioners-guide-global-investigations/2021/article/privilege-the-uk-perspective When can lawyers keep documents confidential on privilege grounds? (stewartslaw.com) www.dacbeachcroft.com/en/articles/2022/july/wiseman-v-hmrc-a-reminder-of-the-limitations-of-legal-advice-privilege-in-regulatory-proceedings/ riskandcompliance.freshfields.com/post/102ieuh/mind-your-privilege-recent-developments-in-the-law-of-privilege 0
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Regulatory, Transparency, UK

US: Regulators confirm Supervisory Guidance is not Law

www.venable.com/Regulators-Confirm-Supervisory-Guidance-Is-Not-Law-09-14-2018 buckleysandler.com/blog/2018-09-14/agencies-say-supervisory-guidance-does-not-have-%E2%80%9Cforce-and-effect%E2%80%9D-law goo.gl/qfRfuo m.crowell.com/NewsEvents/AlertsNewsletters/all/Financial-Regulators-Have-Gotten-the-Memo-The-Brand-Memo www.kramerlevin.com/en/perspectives-search/agencies-formally-confirm-lessened-consequences-for-non-compliance-with-leveraged-lending-guidance.html goo.gl/Zxaz68 news.cuna.org/articles/114830-supervisory-guidance-is-not-law-says-regulator-statement www.manatt.com/Insights/Newsletters/Financial-Services-Law/Federal-Banking-Regulators-Join-Forces-on-Supervis Click to access 180912-supervisory-guidance.pdf www.sullcrom.com/federal-depository-institution-regulators-and-fincen-issue-joint-statement-to-highlight-benefits-and-risks-of-bsa-collaborations www.fdic.gov/news/news/press/2018/pr18059.html bit.ly/3vBDuUi Update: www.findknowdo.com/news/02/12/2021/effective-date-set-banking-agencies-codification-supervisory-guidance www.vorys.com/publications-2905.html 0
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Regulatory, US

US: OCC notifies banks of 18 month on-site examination qualifications

buckleysandler.com/blog/2018-09-12/occ-notifies-banks-18-month-site-examination-qualifications#page=1 www.kilpatricktownsend.com/Insights/Alert/2018/9/OCC-Proposes-Regulations-That-Would-Allow-Certain-Federal-Savings-Associations-to-Operate-with-the-Powers-of-a-National-Bank www.occ.gov/news-issuances/bulletins/2018/bulletin-2018-27.html Click to access 2018-18685.pdf 0
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Regulatory, US

Ireland: Actions for UCITS following Central Bank’s review of UCITS performance fees

Click to access Review-of-UCITS-performance-fees-Sept-2018.pdf www.dilloneustace.com/publications/central-bank-findings-on-its-thematic-inspection-into-ucits-performance-fees www.mccannfitzgerald.com/knowledge/financial-services-regulation/commission-payments-and-the-consumer-protection-code www.centralbank.ie/news/article/review-ucits-performance-fees-highlights-instances-non-compliance service.betterregulation.com/document/345759 See also: Click to access esma-consults-on-ucits-performance-fees—key-considerations-for-irish-ucits.pdf 0
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Funds, Ireland, Regulatory

Australia: ASIC priorities over the coming year

www.minterellison.com/-/media/Minter-Ellison/Files/Community-Governance-News/Governance-News-2018-September-10.ashx asic.gov.au/about-asic/media-centre/speeches/asic-s-strategic-focus-and-key-priorities-over-the-next-year-improving-conduct-and-restoring-trust/ 0
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Australia, Regulatory, Risk Management Crypto Currencies, Regulatory, Switzerland

China: PBOC issues new compliance requirements for cross-border financial network and information services

www.internationallawoffice.com/Newsletters/Banking/China/Jingtian-Gongcheng/PBOC-issues-new-compliance-requirements-for-cross-border-financial-network-and-information-services www.deacons.com.hk/news-and-insights/publications/foreign-invested-payment-institutions-entering-into-china.html www.dlapiper.com/en/uk/insights/publications/2018/09/companies-which-trade-with-chinese-banks-or-companies/ JUDICIAL INTERPRETATION RELEASED TO REINFORCE ANTI-MONEY LAUNDERING IN CHINA www.pbc.gov.cn/zhengwugongkai/127924/128038/128109/3589177/index.html 0
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Banking, China, Regulatory Regulatory, Risk Management, US Asset Protection, Banking, Jersey, Regulatory