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  • The publication of the Code has raised more questions than answers, especially when it comes to how it interacts with EU legislation
  • Automatic and autonomous machines and systems have multiple applications across the financial sector but the regulatory implications cannot be ignored
  • Both jurisdictions continue to invest heavily in initiatives that support the mutual development of their financial markets
  • The Cyprus Securities and Exchange Commission (CySEC) has issued a summary of the changes to passporting arrangements and conditions governing the provision of investment services and activities by third country firms. These changes will apply as from January 3 2018 under Law 87(I)/2017, which transposes the Markets in Financial Instruments Directive (Mifid) II into Cyprus law. The scope of Mifid II is wider than the existing regulatory regime and the Mifid II passporting arrangements will apply to a broader range of activities, services and financial instruments than before. CySEC advises all the investment firms it regulates to review their passports and authorisations to determine whether they require amendment under the scope of Law 87 (I)/2017 and, if so, to submit the requisite notifications using the forms provided on CySEC's website.
  • New York residents often have little time to prepare their own meals. Once or twice a week, they have prepared food delivered to their apartment. There are a number of websites and apps for this, which until fairly recently this reporter believed seemed to be in direct competition with each other – as it turns out, they are largely all one and the same.
  • The congress of Guatemala has been discussing Bill 5157, which contains amendments to Decree 19-2002 (Law of Banks and Financial Groups, or Ley de Bancos y Grupos Financieros). These amendments have the backing of the Ministry of Economy, the Monetary Board and the General Secretariat of the Presidency of the Republic.
  • IFLR speaks with Morrison & Foerster’s Anna Pinedo and Hillel Cohn on the poll results and best course of action for the fiduciary rule
  • Sponsored by Cleary Gottlieb Steen & Hamilton
    The rescue of two regional Italian lenders was carried out as a liquidation, not a resolution, which could undermine the credibility of EU rules on bank failures
  • Sponsored by Orrick Herrington & Sutcliffe
    The EU member state has amended its securitisation law to boost transactions regarding impaired receivables
  • Sponsored by Nagashima Ohno & Tsunematsu
    On October 1 2017, the amendments to the Foreign Exchange and Foreign Trade Act will take effect. The Act aims to develop foreign transactions appropriately, and maintain peace and security in Japan and other countries through providing for minimum necessary control and coordination of foreign transactions.