Banking & Financial Services updates

Switzerland

Contributed by Meyerlustenberger Lachenal
499 + 1 = 500? Practical approach on new 500-investor threshold exemption
  • Switzerland
  • 29 September 2020

In January 2020 the Financial Services Act and the Financial Services Ordinance entered into force and established comprehensive rules relating to prospectuses offering securities and the admission of securities to trading, which will apply to all types of financial instrument. This article discusses the 500-investor threshold's practical implications and compliance requirements and its expected impact on the Swiss market.


United Kingdom

Contributed by Latham & Watkins LLP
BoE governor speaks: payments firms should expect regulatory change
  • United Kingdom
  • 29 September 2020

Bank of England Governor Andrew Bailey recently delivered a speech entitled "Reinventing the Wheel (with more automation)", in which he outlined regulatory changes that payments market participants can expect, including as part of the global regulatory response to stablecoins. Bailey emphasised the importance of not stifling innovation and highlighted the benefits that stablecoins, in particular, could offer.


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