Regulación de instituciones financieras

Artículos Recientes

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  09/09/2024

  United Kingdom

  UK Tax Disputes Digest (Summer 2024)

  Welcome to the Summer 2024 edition of our UK Tax Disputes Digest: a high-level summary of key developments in contentious tax over the last few months for heads of tax, finance directors, general counsel and other in-house professionals.As with previous editions, we have seen a continued increase in HMRC activity across various areas. Both individual and corporate taxpayers would be well-advised to check their tax position as soon as possible to prepare for any potential HMRC investigation into their tax affairs.In this edition, we look at just a few of these developments, including the latest...

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  19/07/2024

  Luxemburgo

  New regime relating to non-performing loans

  The law of 15 July 2024 on transfer of non-performing loans (the “Law”) was published in the Official Journal of the Grand-Duchy of Luxembourg. It aims at implementing Directive (EU) 2021/2167 on credit servicers and credit purchasers into Luxembourg law. The Law primarily sets out a legal framework enabling the transfer of non-performing loans (the “NPLs”) from bank’s balance sheets therefore achieving the creation of a secondary market for NPLs. It also creates new categories of service providers which will be subject to authorisation requirements under the law of...

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  17/07/2024

  United Kingdom

  Key Takeaways from our AI in Financial Services Panel Event

  During our recent panel event on Artificial Intelligence (“AI”) in Financial Services, the panel explored how firms are implementing AI in practice, the application of legal, regulatory and ethical frameworks to AI, and potential challenges for firms and regulators. An audience of legal, compliance and business professionals from across the sector made interesting contributions to the debate. The session operated under the Chatham House rule, but here are some of the key takeaways from what was a fascinating discussion....

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  14/06/2024

  Luxemburgo

  Implementation of EU acts on digital operational resilience (DORA) into Luxembourg law: new requirements upon entities of the financial sector

  On 13 June 2024, bill of law 8291 on digital operational resilience (“DORA”) (the “Law”) was voted by the Parliament.The Law aims at (i) applying the rules set out in Regulation (EU) 2022/2554 on DORA for the financial sector (the “Regulation”) and (ii) implementing Directive (EU) 2022/2256 amending several EU directives as regards DORA for the financial sector (the “Directive”).The Law punctually amends several Luxembourg laws, such as the law of 5 April 1993 on the financial sector, as amended (the “LFS”), the law of 10 November 2009...

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  03/06/2024

  United Kingdom

  Ancillary Activities Exemption – a change in approach for commodity derivatives and emission allowances firms

  On 29 May 2024, the Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) (Amendment) Order 2024 (SI 2024/719) (the “2024 Order”) was published alongside an explanatory memorandum. The 2024 Order omits prospective amendments to the UK regulated activities perimeter, with the effect that the planned changes to the ancillary activities regime for firms trading commodity derivatives or emission allowances have been indefinitely delayed. This followed significant concerns from industry that moving to a qualitative approach to determining whether firms require...

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  29/05/2024

  United Kingdom

  Operational Resilience: The Countdown

  The countdown is on to make sure your firm is ready to comply with the operational resilience rules by 31 March 2025. This date marks the end of the transition period, but the requirement to be operationally resilient is not a once and done activity, or something that should be seen as tick-box regulatory compliance. Instead, this should be a way of working that is embedded into a firm’s overall culture.The FCA provided feedback to firms on 28 May 2024 which included insights and observations to support firms with their continued implementation of the rules.In our view, this FCA...

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