Author Archives: PlanetCompliance

By PlanetCompliance, April 20, 2019 [Alternative Finance , Alternative Finance insights , At the Regulators , BaFIN (Germany) , Blockchain , Blockchain & Smart Contracts Insights , Compliance , Corporate Finance insights , Crowdfunding , Cryptocurrencies , Germany , Investment Banking , Senior Management] Germany cannot be considered the most welcoming jurisdiction in terms of token regulation. A recent report might spell a change of direction though. Here is why. Monday afternoon I received a gentle notification that the …

By PlanetCompliance, April 17, 2019 [Alternative Finance insights , At the Regulators , Compliance , Corporate Finance insights , Crowdfunding insights , Debt , FCA (UK) , Insights , Investment Banking , UK] When the UK’s Financial Conduct Authority (FCA) published a statement before Christmas that announced that it had directed London Capital & Finance plc (LCF) to withdraw all of its existing marketing materials in relation to LCF’s …

By PlanetCompliance, April 14, 2019 [Alternative Finance insights , At the Regulators , Compliance , Data Protection&Privacy insights , IT , Risk Management , Senior Management , US] Last week, the FDIC (“Federal Deposit Insurance Corporation”) sent out one of its periodic Financial Institution Letters. This one is about Technology Service Provider Contracts, so if you’re the compliance officer or a member of …

By PlanetCompliance, April 10, 2019 [Crowdfunding , Equity] Planet Compliance has extensively written about equity crowdfunding regulations in the past. But in case the concept of “equity crowdfunding”is new to the reader, this is not quite the same as “rewards crowdfunding”, which was …

By PlanetCompliance, April 5, 2019 [Compliance , Data Protection&Privacy insights , Insights , Risk Management , Senior Management] When I opened my inbox this morning, the first email I found was a notification from ESMA that it has adopted new recognition decisions for the three central counterparties (CCPs) and the Central Securities Depository …

By PlanetCompliance, April 2, 2019 [At the Regulators , Data Protection&Privacy insights , IT , Privacy Officer , Senior Management] Cybersecurity sits firmly among the top priorities of any financial institution. The prevention of a breach is of utmost importance, but Cyberattack reporting requirements cannot be disregarded either. A case study.   2018 was another …

By PlanetCompliance, March 29, 2019 [Alternative Finance , Alternative Finance insights , At the Regulators , Blockchain , Blockchain & Smart Contracts Insights , Compliance , Crowdfunding , Crowdfunding insights , Cryptocurrencies , Hong Kong , Senior Management] Just when you thought STOs were the answer to the ICO impasse, the financial watchdog of HK issues a warning against investing in Security Tokens. Does this spell the beginning of the end for STOs …

By PlanetCompliance, March 26, 2019 [At the Regulators , Compliance , Data Protection&Privacy insights , European Union , General Data Protection Regulation (GDPR) , News from the EU , Privacy Officer , Senior Management] More than nine months have passed since the GDPR (General Data Protection Regulation) came into effect but still many companies struggle to adapt to the new rules and the increasing number of fines is a …

By PlanetCompliance, March 22, 2019 [The Business Spotlight] What can you tell us about your company and your products & services? Driven by our belief in the value that data holds, our mission is to make data privacy simple by abstracting the complexity …

By PlanetCompliance, March 19, 2019 [Alternative Finance insights , At the Regulators , BaFIN (Germany) , Compliance , Germany , RegTech directory , Risk Management] The German financial regulator BaFin has published the latest edition of its BaFinJournal (in German), its monthly specialist magazine and main news bulletin that consists of expert articles, interviews and reports on key national and …

By PlanetCompliance, March 13, 2019 [Alternative Finance insights , Blockchain , Blockchain & Smart Contracts Insights , Legal , LegalTech Insights , Senior Management] Don’t worry, we’re not going to bore you with some dreadful legal analysis of smart contracts and IoT law. There are plenty of articles available by smart lawyers (no pun intended) on the legal aspects …

By PlanetCompliance, March 11, 2019 [Data Protection&Privacy insights , Insights , IT , Risk Management , Senior Management] Why Cybersecurity needs to be considered a competitive advantage rather than just damage control. The Center for Strategic and International Studies (CSIS), a nonprofit policy research organization, last year together with McAfee published a report …

By PlanetCompliance, March 6, 2019 [Alternative Finance insights , Angel Investing, Venture Capital and Private Equity insights , Blockchain , Blockchain & Smart Contracts Insights , Compliance , Crowdfunding insights , Cryptocurrencies , Insights] One of the things that got me thinking early in my career in financial services was the realisation that many financial instruments are not registered. Or, as I should better say, their beneficial owner is …