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Articles - The continued global scrutiny of financial services firms, alongside the sustained pressure on those charged with regulating them to deliver tangible results, continues to drive financial services regulators to seek assistance from their overseas counterparts when investigating issues. This trend shows no signs of abating, and questions such as how and when regulators interact with each other and with firms across borders, how firms are expected or required to respond, and whether duplicate proceedings can be brought in different jurisdictions are more pertinent than ever.

Short Reads - De minister van Financiën heeft op 4 februari jl. een wijziging van de Vrijstellingsregeling Wft gepubliceerd. Ondernemingen die vanuit het Verenigd Koninkrijk in Nederland door middel van grensoverschrijdende dienstverrichting beleggingsdiensten verlenen aan professionele partijen of voor eigen rekening handelen, worden tijdelijk vrijgesteld van de vergunningplicht.

Short Reads - On 12 July, the European Securities and Markets Authority ("ESMA") published a report on the status of licencing regimes of FinTech firms across the European Union ("EU").  The report is based on two surveys conducted by ESMA since January 2018, which gathered evidence from EU national competent authorities ("NCAs") on the licensing regimes of FinTech firms in their respective jurisdictions.