Cryptoasset Firms Brought Under UK Financial Promotion Regulations: A Comprehensive Analysis

The rapid growth of the cryptocurrency market over the past decade, with digital assets becoming increasingly mainstream, has caught the attention of regulatory authorities.

GDPR Accountability: avoid fines, adherence is easier than you think – part 1

While updating Leo’s privacy and GDPR governance modules in our RegTech Software we realised that one of the most important principals of GDPR- the principal of accountability is widely misunderstood by many businesses.

The FCA’s Consumer Duty: Implementation and What’s Next?

The FCA’s Consumer Duty comes into force this Monday, July 31st. The FCA will identify firms whose responses to the survey did not confirm that they were prepared for the new law and impose appropriate sanctions as necessary.

GDPR and AI crossroads: How to balance Data Privacy and AI Governance?

What’s happening?

Everyone is talking about how to regulate AI. Though it looks like that’s all it is, just talks. Yet, on the 14th of June, the European Parliament passed a draft law on AI aimed at building a ‘Responsible AI’- which interestingly

The GDPR’s 5th Anniversary: Top 3 Lessons

1.What is GDPR’s biggest misconception?
2.Why should SMEs care about the GDPR if regulators seem to be focussing on the big tech companies?
3.What are the most overlooked requirements of the GDPR?

Do not get caught out! EU/UK-US Data Transfers in Muddy Waters

If you are a US business offering goods or services in the EU or UK, and you used to rely on the Safe Harbor Framework and later Privacy Shield for international data transfers, then your boat was rocked when the Court of Justice of the European Union (CJEU) invalidated both.

FRANCE: AFG White Paper “Technological innovations: what strategies for asset management companies?” – Key take-away points

The Association Française de la Gestion (AFG) released a white paper[1] on 2nd February 2023 after hosting an event on the same day

More Regulation = More Growth…? – The Government’s position explained and how to adapt to it

In the finance world, the prevailing opinion is more regulation = less growth. The dominating sentiment is that complying with regulations is time-consuming, and costly, reduces productivity and innovation, and impedes businesses and therefore the economy.

The FCA cheers for the RegTech but does the industry?

The FCA engaged an independent firm to conduct a research among financial services (FS) firms to understand how the FS industry perceives RegTech and, by extension, whether the FCA’s efforts were fruitful.  

AMF: outsourcing of compliance controls effective 31^st March 2023

The AMF made it clear to the businesses that although they outsource their compliance functions, they remain responsible for them and must stay in control.