Following the recent CySEC Directive (in Greek only) in relation to the registration and operating conditions of providers of services related to crypto assets, CySEC has issued today an amending Directive (in Greek only) which modifies certain provisions of the original Directive. In addition, CySEC issued today a Policy Statement on the … [Read more...] about CySEC Updates on the Registration and Operating Conditions of Crypto Asset Service Providers
News & Articles
The European Securities & Markets Authority’s New Guidelines for Outsourcing to Cloud Service Providers
In recent years, the financial sector has seen a significant rise in the number of financial institutions outsourcing certain processes, services or activities to Cloud Service Providers (CSPs) that use cloud-computing solutions. Generally speaking, cloud services facilitate a firm’s sharing and storage of information and data, helping it … [Read more...] about The European Securities & Markets Authority’s New Guidelines for Outsourcing to Cloud Service Providers
September 2021 Regulatory Roundup
August 2021 Regulatory Roundup
Regulatory Update: ESMA Warns Firms and Investors about Risks Arising from Payment for Order Flow
The European Securities and Markets Authority (ESMA), issued yesterday a public statement, aimed at reminding firms that the receipt of payment for order flow (PFOF) raises significant investor protection concerns. Additionally, it highlighted key MiFID II obligations aimed at ensuring firms act in their clients’ best interest when executing their … [Read more...] about Regulatory Update: ESMA Warns Firms and Investors about Risks Arising from Payment for Order Flow