Ukraine: National Bank Unveils the Sustainable Finance Development Policy 2025 for Financial Institutions SEC Proposes Amendments to Broker-Dealer Electronic Storage Requirements Division of Examinations Revisits Investment Adviser Fee Calculations FInsight: Crypto around the World (Part 2) Adding another Wrinkle to Controlled Foreign Company – New Legislation Impacts Offshore Trust or Insurance Structure in Taiwan Recent High Court Judgment on Safeguarded Funds under the EMRs

On 25 November 2021, the National Bank of Ukraine (NBU) unveiled the Sustainable Finance Development Policy 2025 (“Policy”), developed in cooperation with the International Finance Corporation. The Policy, among other things, lists the tasks to be implemented in the Ukrainian financial services market in line with the best international practices and standards of environmental, social and governance (ESG) regulatory frameworks.

Recent

On 18 November 2021, the Securities and Exchange Commission (“SEC”) published for comment proposed amendments to the broker-dealer recordkeeping rules with respect to the use of electronic storage. The principal change would be to eliminate the current requirement that electronic records of broker-dealers be stored solely in a “write once, read many” (WORM) format.