Surveys and Reports
Regulatory Developments
United Kingdom: Financial Services Act 2021 becomes law
On 29 April 2021, the Financial Services Bill 2019-21 received Royal Assent. In a press release, HM Treasury described the Financial Services Act 2021 (the Act) as a ‘major milestone in shaping a regulatory framework for UK financial services outside of the EU.’ The Act makes significant amendments to key legislation, including the Financial Services and Markets Act 2000 (FSMA) and onshored EU financial services regulation.
Sections of particular relevance include the following:
Section 29 requires the FCA to consult on whether it should make rules providing that authorised persons owe a duty of care to consumers. The consultation was launched on 14 May 2021 (see the separate item below). The FCA must publish the results of its analysis before 1 January 2022 and make final rules by 1 August 2022;
Do We Need âPublic Moneyâ? - Speech By Jon Cunliffe, Bank Of England, Deputy Governor, Financial Stability, Given at the OMFIF Digital Money Institute, London Date
13/05/2021
The Bank of England has issued banknotes for over 300 years. Jon Cunliffe talks about future of money in the UK in an increasingly digital world.
Speech
I want to talk today about whether we need ‘public money’. I should make clear that I am not talking here about public spending but rather about the form of money itself: by ‘public money’ I mean money issued by the state to its citizens for everyday use.
FinanceMalta promotes Malta during UK FinTech Week timesofmalta.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofmalta.com Daily Mail and Mail on Sunday newspapers.
Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M
Brooklyn, NY, April. 14, 2021 Pakt, Inc., a company that createsgear built for the modern traveler, .
SKILLICORN Technologies announces the launch of their Los Fresnos Project Regulation CF Offering on the InfraShares crowdfunding platform.
This Regulation CF offering isseeking front-end financing for theLos Fresnos Project. For a minimum .
NanoVMs Launches Investment Round On StartEngine
NanoVMs, the unikernel infrastructurecompany that runs software faster andsafer than Linux has launched aninvesting campaign with StartEngine.The startup has already raised over .
Wallet Factory and Belize Bank to build a mobile payment platform and digital wallet in Belize
Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M
Brooklyn, NY, April. 14, 2021 Pakt, Inc., a company that createsgear built for the modern traveler, .
SKILLICORN Technologies announces the launch of their Los Fresnos Project Regulation CF Offering on the InfraShares crowdfunding platform.
This Regulation CF offering isseeking front-end financing for theLos Fresnos Project. For a minimum .
NanoVMs Launches Investment Round On StartEngine
NanoVMs, the unikernel infrastructurecompany that runs software faster andsafer than Linux has launched aninvesting campaign with StartEngine.The startup has already raised over .
Wallet Factory and Belize Bank to build a mobile payment platform and digital wallet in Belize