7 December 2016

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In a nutshell – The US Supreme Court on Insider Trading

What’s the news? The US Supreme Court yesterday decided in the case of Salman v. United States in favour of insider trading prosecutors. What is it about? Section 10(b) of the Securities Exchange Act of 1934 and the Securities and Exchange Commission’s Rule 10b–5 prohibit undisclosed trading on inside corporate information by persons bound by …

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EBA consults on Guidelines on major incidents reporting under PSD2

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines developed in close cooperation with the European Central Bank (ECB) under the revised Payment Services Directive (PSD2). The draft Guidelines specify (i) the criteria for classifying operational or security incidents as major, (ii) the template to be used by payment service providers …

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