Publications

Hogan Lovells Engage

Italy sets final deadline for SCA migration

The Bank of Italy has issued a communication indicating that 31 December 2020 will be the final deadline to adopt strong customer authentication (SCA) requirements in relation to online...

Hogan Lovells Engage

UK FCA gives guidance on conduct risk during LIBOR transition

LIBOR will no longer be available from the end of 2021, and the UK Financial Conduct Authority (FCA) expects firms to take appropriate steps to ensure they can transition to alternative...

Hogan Lovells Engage

UK says cryptoassets can be property and smart contracts are enforceable

In a welcome development for the cryptoasset industry, the UK Jurisdiction Taskforce (UKJT) has issued a legal statement on cryptoassets and smart contracts, recognising for the first time...

Hogan Lovells Engage

EU imposes sanctions on Turkey over Cyprus drilling

The Council of the EU has agreed a set sanctions against Turkey over its "illegal drilling" off the coast of Cyprus.

Hogan Lovells Engage

OFSI fines Swedish telecoms company over Syria sanctions breaches

The Office of Financial Sanctions Implementation (OFSI) has fined the UK subsidiary of Swedish telecoms company Telia £146,341 for breaching UK sanctions laws, and specially the Syria ...

Hogan Lovells Engage

Italian AML rules capture providers of services related to the use of virtual currencies and custodian wallet providers

Last month, Legislative Decree No. 125 of 4 October 2019 implementing Directive (EU) 2018/843 (5AMLD) (Decree 125/2019) was published in the Italian Official Gazette. The Decree will amend...

Hogan Lovells Engage

SMCR extension: deadline for submitting Forms K and O is 24 November 2019

The extension of the Financial Conduct Authority's (FCA) senior managers and certification regime (SMCR) to FCA solo-regulated firms comes into force on 9 December 2019. Firms newly...

Hogan Lovells Engage

U.S. SEC, CFTC and FinCEN join forces on crypto

The heads of the U.S. Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, and the U.S. Securities and Exchange Commission have released a joint statement,...

Hogan Lovells Engage

FCA sets out registration and annual fees for crypto businesses

From 10 January 2020, the Financial Conduct Authority will be the anti-money laundering and counter terrorist financing supervisor for cryptoassets businesses. As such, the regulator has...

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