Tagged: consultation

UK Financial Conduct Authority Issues Consultation on “Cryptoassets” Seeking to Provide Clarity on Regulatory Approach

The UK Financial Conduct Authority (FCA) issued a consultation today on the emerging “cryptoasset” sector of finance.  The UK is well known for its thoughtful regulatory approach when it comes to innovative new financial services and the final outcome will be watched with interest around… Read More

South African Authorities Urge Regulation of Crypto Sector, Aim to Do So By End of Q1 2019

Authorities responsible for regulating finance, banking and taxation in South Africa have issued a consultation paper stating that regulation of the cryptocurrency/digital token sector should be enacted forthwith and adjusted to accommodate innovation later: “The IFWG and Crypto Assets Regulatory Working Group is of the… Read More

Central Bank of Israel Requesting Submissions from the Public on How to Regulate “Digital Asset” Sector and DLT for Finance

The Central Bank of Israel is soliciting position papers from the general public regarding how the country should support and regulate domestic cryptocurrency/security token ventures and distributed ledger technology (DLT) for finance in the country. The bank has assembled a team (“The Interministerial Team for Regulatory… Read More

Dubai Financial Services Authority Launches Consultation on Property Crowdfunding

The Dubai Financial Services Authority (DFSA) has initiated a consultation on property crowdfunding. Released last week, the consultation addresses a proposal to add a new subcategory for property investment crowdfunding platforms. The DFSA notes that like many financial services, crowdfunding has evolved. Originally designed to… Read More

Swiss Government Seeks to Improve Framework for Blockchain / Distributed Ledger Technology for Financial Services

Last week, the Swiss Federal Council announced a report on the legal framework for Blockchain and Distributed Ledger Technology (DLT) for the financial services industry. According to the Council, the Swiss legal framework “is well suited to deal with new technologies including blockchain.” Even while noting… Read More

Financial Conduct Authority Issues Consultation on Patient Capital

The UK Financial Conduct Authority (FCA) has issued a consultation paper, alongside a discussion paper, on patient capital. The consultation is in response to a policy push by HM Treasury to increase investment into long-term assets including venture capital plus private equity, real estate and more…. Read More

CFTC Requests Feedback for Consultation on Crypto Mechanics Including Underlying Tech for Ethereum

The Commodity Futures Trading Commission (CFTC) has launched a public consultation today seeking feedback on “crypto-asset mechanics” including Ethereum (Ether) and Bitcoin. The CFTC said the consultation will better inform the Commission’s understanding of the markets for virtual currencies. In a Request for Information (RFI) the CFTC… Read More

BaFin Consultation on Virtual Currencies Scheduled to End this Month

Last month, BaFin, Germany’s security regulator, launched a public consultation on the subject of virtual currencies (or crypto). The regulator has published a draft circular regarding sector due diligence. The BaFin circular seeks a reasonable and risk-oriented approach to virtual currency. The proposed circular addresses credit, financial services, payments and e-money… Read More

Switzerland: FINMA Opens Consultation on New Fintech License Designed to Promote Financial Innovation

The Swiss Financial Market Supervisory Authority (FINMA) has launched a consultation pertaining to Fintech. Switzerland has pursued innovations in finance as beneficial to their banking centric economy. The alpine nation has become prominent in the crypto or initial coin offering sector as many early stage… Read More

FINRA Issues Special Notice on Fintech and the Broker Dealer Industry

  FINRA (Financial Industry Regulatory Authority) has issued a consultation on Financial Technology or Fintech and the Broker Dealer industry. The Special Notice was published at the end of July and is seeking comments until October 12, 2018. FINRA currently has over 3700 member firms… Read More

Fintech: UK Financial Conduct Authority Initiates Consultation on Global Financial Innovation, Partners with 12 International Regulators

The UK Financial Conduct Authority (FCA) has initiated a new consultation that is going beyond the UK borders when it comes to Fintech innovation. Announced today, the FCA has created the Global Financial Innovation Network (GFIN). The multinational group includes regulatory agencies from the US,… Read More

ISO 20022: Bank of England Launches Consultation on Payments to Modernise UK System

The Bank of England has launched a six week consultation to adopt a common global language on payments known as ISO 20022. The Bank notes that existing standards are fragmented and inconsistent thus complicating the important aspect of the financial industry. By creating a standard,… Read More

Abu Dhabi Publishes Consultation on Regulatory Framework for Cryptocurrency / Digital Assets

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper proposing a regulatory framework for digital assets. The document outlines rules for spot market activity, including exchanges and other intermediaries to be regulated by ADGM. “As the recognised… Read More

Malta Issues Financial Instrument Test for Initial Coin Offerings in Push to Clarify How Digital Assets Should be Classified

Malta, a Mediterranean country that wants be known as Blockchain Island, has published a “Financial Instrument Test” as it seeks to clarify questions regarding initial coin offerings (ICOs) and when a digital asset is a security and when it is not. The Malta Financial Services… Read More

European Commission Seeks to Better Define SMEs

The European Commission has launched a consultation as to how to better define a Small and Mid-sized Enterprise – commonly referenced as an SME. This definition is important as it can be used as a basis for policy decisions.  SMEs are the engines of economic… Read More

Autorité Des Marchés Financiers in France Receives 82 Responses on Initial Coin Offering Consultation

The Autorité Des Marchés Financiers (AMF) in France has just published the results of a consultation regarding initial coin offerings (ICOs). According to the AMF, a large majority of respondents expressed support for the establishment of an appropriate legal framework for this new type of fundraising. The… Read More

British Columbia Securities Commission Issues Notice on Fintech, Seeks Feedback to Create Competitive Regulatory Environment

The British Columbia Securities Commission (BCSC) has published a notice on Fintech. This notice is designed to help “set out the results of the consultations and seek comment on potential regulatory action to clarify or modernize securities laws to benefit all stakeholders, including investors in… Read More

Monetary Authority of Singapore Launches Consultation on Payments Including Cryptocurrencies

The Monetary Authority of Singapore (MAS) has launched a second consultation on a payments regulatory framework, known as the Payment Services Bill. The Bill is designed to streamline the regulation of payment services under a single legislation, expand the scope of regulated payment activities to… Read More

Here is the ICO Consultation Document by Autorités Des Marchés Financiers in France (in English)

The French Autorités Des Marchés Financiers (AMF) announced a consultation on Initial Coin Offerings (ICOs) at the end of the October. Crowdfund Insider published the document when it was first announced. Today, we are sharing an English version that may be consumed by a wider audience…. Read More

Debitos, an Online Debt Marketplace, Sees Opportunity in EU Consultation on Banks Offloading Non-Performing Loans

Last month, the European Commission, Financial Stability, Financial Services and Capital Markets division, launched a consultation on non-performing loans being held by banks. The Commission is seeking feedback on the development of secondary markets for distressed debt. Policymakers view this as essential in tackling the… Read More

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