By PlanetCompliance, August 14, 2017 [Alternative Finance , Alternative Finance insights , Asset Management , Compliance , European Union , Fund Insights , Fund Management , Funds , Insights , Wealth Management] Recently the European Securities and Markets Authority (ESMA) has published another MiFID II consultation paper, this time on draft guidelines on certain aspects of the suitability requirements. While it deals with various aspects of suitability …

By PlanetCompliance, August 9, 2017 [Alternative Finance insights , CONSOB (Italy) , Crowdfunding , Crowdfunding insights , Insights] Italy was amongst the first countries to introduce dedicated equity crowdfunding regulations in 2013. The success of this form of alternative finance has been modest though as rules stifled innovation and hindered the success of …

By PlanetCompliance, August 8, 2017 [Compliance , ESMA , European Union , MiFID II , News from the EU , Operations] The European Securities and Markets Authority (ESMA) has issued today an update of its Guidelines on transaction reporting, order record keeping and clock synchronisation under the Markets in Financial Instruments Directive (MiFID II). The updates …

By PlanetCompliance, August 4, 2017 [Alternative Finance , Blockchain , Compliance , Crowdfunding , Cryptocurrencies , EBA , European Union , Microfinance , News from the EU , Social Lending] The European Banking Authority (EBA) published today a Discussion Paper on its approach to financial technology (FinTech). The EBA sets out in the Discussion Paper the results of the first EU-wide FinTech mapping exercise and …

By PlanetCompliance, August 2, 2017 [Compliance , EBA , Europe , European Union , News from the EU , Payment Services Directive (PSD2) , Payments and Cash Management] he European Banking Authority (EBA) launched today a public consultation on its draft Guidelines on reporting requirements on statistical data on fraud under the revised Payment Services Directive (PSD2). The Guidelines, which are addressed to …

By PlanetCompliance, August 1, 2017 [Alternative Finance , Alternative Finance insights , Blockchain , Blockchain & Smart Contracts Insights , Cryptocurrencies , Insights] Today is an important day in the history of Bitcoin: It’s the day of the hard fork, the creation of a second Bitcoin token, Bitcoin cash, as a number of miners decided to go ahead …

By PlanetCompliance, July 28, 2017 [Uncategorized] Everything changes. Financial Services. Markets. Risk. Technology and innovation transform an entire industry and if you want to survive, you need to change, too. In order to change though, a profound understanding of the new …

By PlanetCompliance, July 27, 2017 [Compliance , EBA , Europe , European Union , News from the EU , Payment Services Directive (PSD2) , Payments and Cash Management] The European Banking Authority (EBA) published today the Final Guidelines on major incident reporting under the revised Payment Services Directive (PSD2). The Guidelines were developed in close cooperation with the European Central Bank (ECB), are …

By PlanetCompliance, July 26, 2017 [Alternative Finance , Alternative Finance insights , Blockchain , Blockchain & Smart Contracts Insights , Cryptocurrencies , Insights] The U.S. Securities and Exchange Commission (SEC) yesterday published two documents that may well have a significant impact on the future of Initial Coin Offerings (ICO). By some it is already seen as starting shot …

By PlanetCompliance, July 25, 2017 [Alternative Finance , Blockchain , Cryptocurrencies , SEC (U.S.) , US] The Securities and Exchange Commission issued an investigative report today cautioning market participants that offers and sales of digital assets by “virtual” organizations are subject to the requirements of the federal securities laws. Such offers and sales, …

By PlanetCompliance, July 25, 2017 [Accounts , Compliance , FCA (UK) , Retail Banking , UK] The FCA today published its Consultation Paper CP17/24 on proposals to require current account providers to publish information on service and performance. This consultation proposes new rules that will require firms offering personal current accounts (PCA) …

By PlanetCompliance, July 25, 2017 [Alternative Finance , Blockchain , Cryptocurrencies , SEC (U.S.) , US] The U.S. Securities and Exchange Commission today published an investor bulletin on Initial Coin Offerings. The bulletin can be found below and on the investor homepage of the SEC here together with related information. Developers, businesses, …

By PlanetCompliance, July 24, 2017 [Compliance , Europe , European Commission , European Union , News from the EU , Retail Banking] Today the European Commission published a consultation paper on transparency and fees in cross-border transactions in the EU. All citizens and stakeholders (companies, organisations, public authorities, experts) are invited to take part in this consultation. …