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.
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.
The SEC Division of Examinations (Exams) recently published a Risk Alert discussing observations on investment adviser fee calculations resulting from a review of approximately 130 firms. This 2021 Risk Alert supplements a prior alert on the same topic that Exams (then, the Office of Compliance Inspections and Examinations) published in 2018.
Our new episode is the first of two episodes focusing on cryptoassets and regulatory developments, taking off from our publication Crypto around the World. The episode covers ESG, decentralized finance (DeFi) and the future impact of central bank digital currencies.
The amended Income Tax Act (Amendment), which stipulates new “see-through” rules on the taxation of Taiwan real estate, has come into effect on 01 July 2021 and retrospectively applied on real estate acquired after 01 January 2016.
In our latest article, first published in the October 2021 edition of Butterworths Journal of International Banking and Financial Law, our payments regulation experts Mark Simpson and Julian Hui report on Ipagoo and highlight some issues for practitioners.