Bankrecht

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Aktuelle eAlerts

  •  
    28/03/2024
    United Kingdom

    UK Cryptoasset Regulation – 2023 developments and what’s to come in 2024 (Part 2)

    In Part 1 of this two-part series, we provided an overview of the myriad developments in the regulation of cryptoasset activities in the UK in 2023 and the first two months of 2024, and looked ahead to what is still to come.In Part 2, we take a step back to assess what these developments mean in the round for cryptoasset businesses providing services in or to the UK, and how that is set to change.A. Overview of the current and future landscapeCurrent position  Key takeawaysNon-security tokens: A business currently needs to be registered...
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  •  
    25/03/2024
    United Kingdom

    Introduction to the Crypto-Asset Reporting Framework

    The market for Crypto Assets is growing rapidly. Crypto Assets can be issued, recorded, transferred and stored in a decentralised manner, without the need to rely on traditional financial intermediaries or central administrators. Further, the Crypto-Asset market has given rise to a new set of intermediaries and other service providers, such as Crypto-Asset exchanges and wallet providers, which may currently only be subject to limited regulatory oversight. Overall, the characteristics of the Crypto-Asset sector have reduced tax administrations’ visibility on tax-relevant activities carried...
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  •  
    22/03/2024
    Ungarn

    Hungary establishes categorisation of investment funds and introduces new investment rules

    According to the decree, there will now be four main types of funds based on their primary asset categories: securities funds, real estate funds, venture capital funds and mixed funds. In addition, there will be a total of fourteen categories of investment funds within the four types. These categories are already known in the market and some of the categories are regulated in the existing decree.The new decree provides for separate asset composition and asset ratio rules for each investment fund category. For instance, bond funds must invest at least 55% of their assets in credit instruments, equity...
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  •  
    20/03/2024
    Südafrika

    The precarious position of the voting rights of post commencement creditors

    The rescue of a company in business rescue ultimately depends on the implementation of a viable business rescue plan which has received the support of 75% of the creditors of the company. A recent business rescue case of Wescoal Mining (Pty) Ltd Another v Mkhombo NO1 and Other has potentially wide-ranging implications for creditors after business rescue has commenced. At the heart of the case was the approval of a business rescue plan for Arnot Opco Proprietary Limited, aimed at selling the company to Ndalamo Coal Proprietary Limited. However, the approval process was marred by disputes over...
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  •  
    19/03/2024
    Ungarn

    Hungary adopts new regulations on occupational Safety and Health fines and administration

    The Hungarian parliament recently adopted amendments to certain government regulations on occupational matters, and new government regulations on the detailed rules for the amount and imposition of occupational safety and health (OSH) fines, which entered into force on 1 March 2024. The amendments to the government regulations were necessary to ensure consistency between the legislation.The following article summarises these changes.1. Government Decree No 24/2024 (II.14.) amending certain Government Decrees on employmentAmendment to Government Decree No. 320/2014 (XII.13.) on the designation of...
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  •  
    12/03/2024
    Belgium

    Ready for DORA? It applies to you!

    GB NL FR
    Our era is marked by major technological developments, which can give rise to new risks and challenges. This is true for the financial sector, which is undergoing constant digitalisation and, in parallel, is seeing its exposure to the risk of cyberattacks grow exponentially. With this in mind, the European legislator decided to adopt a European regulation, the Digital Operational Resilience Act (“DORA”). In short, this new European regulation aims to ensure that (certain) stakeholders in the financial sector have adequate resources to withstand any cyberattacks.DORA's personal scope...
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