Technology and Innovation partner, Anne-Marie Bohan and Financial Institutions partner, Joe Beashel co-author the 2018 Ireland chapter of Getting the Deal Through: Fintech
iSignthis wird zusätzlich an der frankfurter wertpapierbörse (fra ta8) geli...John Karantzis
iSignthis, an Australian company listed on the Australian Securities Exchange and Frankfurt Stock Exchange, announced that it has received an additional listing on the Frankfurt Stock Exchange under the ticker symbol "TA8". The additional listing will provide iSignthis access to new potential investors in Germany and Europe and increase trading liquidity. As a European financial institution focused on the European market, the Frankfurt listing is a logical step that aligns with the company's strategy.
Cryptocurrencies and Initial Coin Offerings under EU lawThijs Maas
Legal research ppt on the legal qualification of cryptocurrencies, initial coin offerings and tokens under EU law. Covers the (securities) regulation of crypto and digital assets in the EU. Are tokens securities? A comparative overview is given of different member states, including France, Estonia, malta and the United Kingdom.
This document provides an overview of custody services presented by Robert Rooks, Director of PwC Hong Kong. It defines custody as holding client funds or securities or having authority over them. A custody service involves settlement of securities transactions and safekeeping of assets. Custodians generate fees through activities like asset servicing, banking transactions, and reporting. Custodians are needed because they allow other firms to focus on investing while taking care of regulatory requirements for asset protection and risk reduction.
B12: AMLO | FinTech Situation in Thailand and Offshore and Money Laundering R...Kullarat Phongsathaporn
This document discusses various FinTech trends and their associated anti-money laundering and counter-terrorism financing (AML/CFT) risks and challenges. It outlines the development of the FinTech ecosystem including areas like digital banking, peer-to-peer lending, cryptocurrencies, and alternative fundraising methods. It then analyzes the overall ML/FT risks of FinTech relating to issues like fraud, challenges with digital identity verification, new entrants to the industry, cross-border operations, and collaboration projects. Specific risks involving virtual assets, financial inclusion through FinTech, and digital identity/know-your-customer trends are also examined. Finally, the document discusses ways that technology can enhance AML/CFT compliance and
Antonio Senatore - Intro om blockchain & Nøkkelbruksområder for blockchain me...First Tuesday Bergen
Intro om blockchain & Nøkkelbruksområder for blockchain med case studies og live demo
Antonio Senatore - Senior Business and technology advisor @ EMEA Blockchain Lab Deloitte
Antonio Senatore vil starte med å gi oss en introduksjon til Blockchain. Samtidig vil han fortelle litt om historien og den revolusjonen vi er midt i.
Antonio vil svare på noen av de juridiske problemstillingene som Ragnhild tok opp rundt anti-hvitvask og Know Your Customer (KYC) konseptet.
Videre vil han presentere de mest vanlige bruksområdene for blockchain og gjennomgå noen studier av bransjer og selskaper som er transformert ved hjelp av blockchain.
Antonio er Forretnings-og teknologirådgiver, og jobber som Senior Manager i Deloitte Irland. Han rådgir bedrifter i teknologiske strategier, trender og arkitektur. Som del av Deloitte sitt globale FinTech initiativ 'The Grid', er det opprettet en Blockchain Lab for Finansielle Tjenester i Dublin. Denne laben har et team på 50 mennesker bestående av blockchain utviklere, designere og forretningsutviklere som tester grensene for hva teknologien kan brukes til, spesielt i finansiell sektor og hvordan den kan integreres og tas i bruk i eksisterende selskaper.
Ragnhild Georgsen - Juridiske problemstillinger innen bank og finans @ First ...First Tuesday Bergen
Juridiske problemstillinger innen bank og finans @ First Tuesday Bergen
Ragnhild Georgsen - Advokat @ Deloitte Advokatfirma
Ragnhild Georgsen er advokat i Deloitte og har arbeidet mye med problemstillinger rundt Know Your Customer («KYC») og anti-hvitvasking for ulike banker. Ragnhild vil gi en rask juridisk innføring (5-10 min) i hvorfor KYC er viktig for banker og finansinstitusjoner. Introen til Ragnhild er interessant som en innledning til Antonio Senatore sin presentasjon av hvordan Know Your Customer («KYC») kan løses ved å benytte Blockchain teknologi. KYC tematikken får dermed en juridisk introduksjon med en teknologisk løsning.
iSignthis wird zusätzlich an der frankfurter wertpapierbörse (fra ta8) geli...John Karantzis
iSignthis, an Australian company listed on the Australian Securities Exchange and Frankfurt Stock Exchange, announced that it has received an additional listing on the Frankfurt Stock Exchange under the ticker symbol "TA8". The additional listing will provide iSignthis access to new potential investors in Germany and Europe and increase trading liquidity. As a European financial institution focused on the European market, the Frankfurt listing is a logical step that aligns with the company's strategy.
Cryptocurrencies and Initial Coin Offerings under EU lawThijs Maas
Legal research ppt on the legal qualification of cryptocurrencies, initial coin offerings and tokens under EU law. Covers the (securities) regulation of crypto and digital assets in the EU. Are tokens securities? A comparative overview is given of different member states, including France, Estonia, malta and the United Kingdom.
This document provides an overview of custody services presented by Robert Rooks, Director of PwC Hong Kong. It defines custody as holding client funds or securities or having authority over them. A custody service involves settlement of securities transactions and safekeeping of assets. Custodians generate fees through activities like asset servicing, banking transactions, and reporting. Custodians are needed because they allow other firms to focus on investing while taking care of regulatory requirements for asset protection and risk reduction.
B12: AMLO | FinTech Situation in Thailand and Offshore and Money Laundering R...Kullarat Phongsathaporn
This document discusses various FinTech trends and their associated anti-money laundering and counter-terrorism financing (AML/CFT) risks and challenges. It outlines the development of the FinTech ecosystem including areas like digital banking, peer-to-peer lending, cryptocurrencies, and alternative fundraising methods. It then analyzes the overall ML/FT risks of FinTech relating to issues like fraud, challenges with digital identity verification, new entrants to the industry, cross-border operations, and collaboration projects. Specific risks involving virtual assets, financial inclusion through FinTech, and digital identity/know-your-customer trends are also examined. Finally, the document discusses ways that technology can enhance AML/CFT compliance and
Antonio Senatore - Intro om blockchain & Nøkkelbruksområder for blockchain me...First Tuesday Bergen
Intro om blockchain & Nøkkelbruksområder for blockchain med case studies og live demo
Antonio Senatore - Senior Business and technology advisor @ EMEA Blockchain Lab Deloitte
Antonio Senatore vil starte med å gi oss en introduksjon til Blockchain. Samtidig vil han fortelle litt om historien og den revolusjonen vi er midt i.
Antonio vil svare på noen av de juridiske problemstillingene som Ragnhild tok opp rundt anti-hvitvask og Know Your Customer (KYC) konseptet.
Videre vil han presentere de mest vanlige bruksområdene for blockchain og gjennomgå noen studier av bransjer og selskaper som er transformert ved hjelp av blockchain.
Antonio er Forretnings-og teknologirådgiver, og jobber som Senior Manager i Deloitte Irland. Han rådgir bedrifter i teknologiske strategier, trender og arkitektur. Som del av Deloitte sitt globale FinTech initiativ 'The Grid', er det opprettet en Blockchain Lab for Finansielle Tjenester i Dublin. Denne laben har et team på 50 mennesker bestående av blockchain utviklere, designere og forretningsutviklere som tester grensene for hva teknologien kan brukes til, spesielt i finansiell sektor og hvordan den kan integreres og tas i bruk i eksisterende selskaper.
Ragnhild Georgsen - Juridiske problemstillinger innen bank og finans @ First ...First Tuesday Bergen
Juridiske problemstillinger innen bank og finans @ First Tuesday Bergen
Ragnhild Georgsen - Advokat @ Deloitte Advokatfirma
Ragnhild Georgsen er advokat i Deloitte og har arbeidet mye med problemstillinger rundt Know Your Customer («KYC») og anti-hvitvasking for ulike banker. Ragnhild vil gi en rask juridisk innføring (5-10 min) i hvorfor KYC er viktig for banker og finansinstitusjoner. Introen til Ragnhild er interessant som en innledning til Antonio Senatore sin presentasjon av hvordan Know Your Customer («KYC») kan løses ved å benytte Blockchain teknologi. KYC tematikken får dermed en juridisk introduksjon med en teknologisk løsning.
China Bans Initial Coin Offerings, "Illegal Public Financing"Christina Gagnier
The People's Bank of China issued a statement on September 4th banning Initial Coin Offerings (ICOs) entirely, calling them "illegal public financing". However, a deputy director later clarified that the suspension is merely a temporary halt targeted at illegal ICOs, with the goal of protecting investors from speculative investment until the technology matures. The document also outlines six points of guidance for Chinese regulation of ICOs and virtual currencies, including banning currency exchanges, prohibiting financial institutions from involvement, and warning of investment risks. It remains unclear if the ICO ban will be made permanent.
Joint Submission to the Australian Taxation OfficeBlock 2050
In March 2018, the Australian Taxation Office (ATO) asked the community for feedback on "Substantiating cryptocurrency taxation events". This submission was prepared by a group of like-minded inviduals and submitted to the ATO on 20th April 2018. The submission is also available as an online petition where fellow Australians can show their support for the ideas presented here. Please go to http://bit.ly/FairCryptoTaxAus_Signatures and consider showing your support on Change.org.
Initial Coin Offerings (ICOs) and Cryptocurrencies in CanadaChristina Gagnier
The Canadian regulatory authorities are taking a cautious approach to regulating initial coin offerings (ICOs) and cryptocurrencies. They are evaluating each offering on a case-by-case basis to determine if they comply with securities regulations. The Canadian Securities Administration (CSA) issued a notice explaining how securities laws apply to cryptocurrency exchanges, coins, offerings, and investment funds. The CSA will consider the substance over the form of an offering and use a four-prong test to determine if a coin constitutes a security. If an ICO is classified as a security, the offering must comply with securities laws like issuing a prospectus. The CSA also created a regulatory sandbox program to help innovative fintech companies bring their products and offerings within
This document summarizes a presentation on digital assets and securities token offerings (STOs). It defines digital assets and different types of tokens like security, utility, and asset-backed tokens. It discusses regulations around digital assets in different countries. It provides examples of how STOs could simplify equity, debt, and real estate investment trust (REIT) offerings. Benefits of STOs include efficiency, investment options, and compliance capabilities, while challenges include cyber threats, legal issues, and socioeconomic impacts.
Bosham Capital Advisors Ltd is an independent financial boutique that provides merchant banking services including strategic advisory, corporate finance, M&A, capital introduction, and ongoing advisory board services. It acts as both an investor and advisor, putting its own capital into deals and conducting rigorous due diligence before introducing deals to potential investors. Currently it manages a global portfolio of 6 investments across various sectors.
This document provides an overview of know your customer (KYC) procedures for financial institutions. It discusses collecting basic customer due diligence information such as identity documents and address for individuals. It also describes risk assessing customers and categorizing them as regular, medium, or higher risk. Higher risk customers require enhanced customer due diligence and justification that they are not involved in money laundering. The document outlines KYC procedures for individuals and corporations.
The United Kingdom Raises Red Flag on Initial Coin OfferingsChristina Gagnier
The UK Financial Conduct Authority (FCA) issued a warning about initial coin offerings (ICOs), noting they are high-risk speculative investments. The FCA has not created blanket legislation around digital currencies or ICOs, and will review each case individually. It warned consumers to research ICO projects thoroughly given risks like fraud, price volatility, lack of regulation or investor protections, inadequate project documentation, and projects being in early experimental stages. The FCA encouraged reporting any potential scam ICOs.
The document discusses FinTech markets and laws in Thailand. It provides an overview of the FinTech landscape in Thailand, including developments in areas such as digital banking, lending, fundraising, investments, payments and remittance, capital markets, and blockchain initiatives. It then examines the regulatory framework for FinTech, including laws governing electronic transactions, digital development, cybersecurity, data protection, and specific financial laws. Finally, it discusses regulations for payment services, digital consumer finance, digital assets, and key legal issues such as customer onboarding, national digital ID, and electronic signatures.
A 3 minute guide to The Peer-to-Peer Finance AssociationMarketInvoice
The Peer-to-Peer Finance Association is the UK industry body for P2P finance providers and platforms. Here's a short guide to their purpose and history.
The document provides information about Bonn Steichen & Partners, a Luxembourg law firm:
- It has over 70 professionals and offers full-service legal services to domestic and international clients across various areas of Luxembourg law.
- The firm develops long-term relationships with clients and takes advantage of synergies between departments to ensure consistent high-quality service.
- BSP aims to create value for clients by combining expertise from various professionals and adapting to new laws and business environments.
The popularity of cryptocurrency has been on the rise for years. But 2020 has been a very special year with many more retail investors getting exposure to bitcoin during the COVID-19 lockdown, public companies beefing up their bitcoin holdings, and major fintech companies like PayPal introducing cryptocurrency products. This makes it a great time to look into the 2021 year and discuss what we can expect in the crypto tax space.
Changing Properties - Building trust in property transactions using Third Par...Geoff Dunnett
The document discusses the potential for technology-enabled third party managed accounts (TPMAs) to improve property transactions in the UK. It notes that trust is crucial in property transactions given their importance and cost. However, the current system relying on client accounts faces issues like delays, cancellations and fraud that undermine trust. The document examines how TPMAs could help address these issues while balancing the need for innovation with maintaining trust. It provides an overview of regulatory frameworks and responsibilities when using client accounts versus TPMAs. Overall, the document argues that TPMAs have potential benefits but awareness and adoption is currently low, and common standards and collaboration are needed to fully realize the benefits for all parties involved in property transactions.
"APAC Technology Conference" by BM APAC, Panelist for "Key challenges and opportunities facing technology businesses in Asia Pacific - Session: Innovation through M&A and Partnering" (31 July 2018)
The Bank of Thailand has issued draft guidelines for a FinTech regulatory sandbox. The sandbox aims to facilitate testing of new financial products and services using innovative technologies, while still protecting consumers and ensuring financial stability. Qualified applicants including financial institutions, FinTech firms, and technology companies can apply to test eligible products like loans, payments, and other innovations. Applications require details on testing scope, risks, and consumer protections. If tests meet goals and normal rules can be followed, applicants can pursue broader provision. The guidelines remain subject to change based on feedback, and other regulators may also implement sandboxes.
Shieldpay - Changing Properties (the future of real estate transactions)Peter Janes
Shieldpay - Changing Properties
Shieldpay has published our White Paper on Third Party Managed Accounts (TPMAs). This is an overview of the current regulatory position of using TPMAs such as Shieldpay for property transactions.
Regulatory Regime for Cryptocurrencies in GibraltarChristina Gagnier
The Gibraltar government has taken a positive approach towards cryptocurrencies and is establishing a regulatory framework for distributed ledger technology (DLT) activities, including those related to virtual currencies. The Gibraltar Financial Services Commission (GFSC) will authorize and supervise DLT activities not currently regulated. Virtual currency is defined as a digital representation of value that can be traded but does not have legal tender status. Unlike some other jurisdictions, Gibraltar will not give virtual currencies the same status as fiat currencies, restricting its use and functions. The GFSC's regulatory approach aims to protect consumers and Gibraltar's reputation while promoting economic benefit. The new regulations are expected to be finalized by the end of 2017 and take effect on January 1, 2018.
In this presentation, I have clearly explained how you can calculate your crypto taxes in India. I have also presented necessary tools that can come in really handy when you calculate your crypto tax.
A presentation on AML & CFT Risks and Opportunities delivered at the Gibraltar Association of Compliance Officers Blockchain & DLT Event on 17 October 2018.
This presentation covers different industry players; what obligations those industry players may have; how to meet those compliance obligations; other key risks and the future of compliance in the cryptocurrency and DLT sector.
Lexology Getting the Deal Through Fintech Ireland 2020Matheson Law Firm
The document provides an overview of the regulatory landscape for fintech in Ireland. It discusses Ireland's active fintech innovation climate and government support initiatives. Key points:
- Ireland has a very active fintech scene and is a leading destination for fintech startups and corporate innovation in Europe.
- The Central Bank of Ireland regulates all providers of regulated financial services and certain activities require authorization, such as banking, payments, lending, and investment services.
- Consumer lending, secondary market loan trading, collective investment schemes, and alternative investment funds are also regulated. Managers of alternative investment funds require authorization.
- Government agencies like IDA Ireland and Enterprise Ireland provide supports for fintech firms. The Central Bank also
China Bans Initial Coin Offerings, "Illegal Public Financing"Christina Gagnier
The People's Bank of China issued a statement on September 4th banning Initial Coin Offerings (ICOs) entirely, calling them "illegal public financing". However, a deputy director later clarified that the suspension is merely a temporary halt targeted at illegal ICOs, with the goal of protecting investors from speculative investment until the technology matures. The document also outlines six points of guidance for Chinese regulation of ICOs and virtual currencies, including banning currency exchanges, prohibiting financial institutions from involvement, and warning of investment risks. It remains unclear if the ICO ban will be made permanent.
Joint Submission to the Australian Taxation OfficeBlock 2050
In March 2018, the Australian Taxation Office (ATO) asked the community for feedback on "Substantiating cryptocurrency taxation events". This submission was prepared by a group of like-minded inviduals and submitted to the ATO on 20th April 2018. The submission is also available as an online petition where fellow Australians can show their support for the ideas presented here. Please go to http://bit.ly/FairCryptoTaxAus_Signatures and consider showing your support on Change.org.
Initial Coin Offerings (ICOs) and Cryptocurrencies in CanadaChristina Gagnier
The Canadian regulatory authorities are taking a cautious approach to regulating initial coin offerings (ICOs) and cryptocurrencies. They are evaluating each offering on a case-by-case basis to determine if they comply with securities regulations. The Canadian Securities Administration (CSA) issued a notice explaining how securities laws apply to cryptocurrency exchanges, coins, offerings, and investment funds. The CSA will consider the substance over the form of an offering and use a four-prong test to determine if a coin constitutes a security. If an ICO is classified as a security, the offering must comply with securities laws like issuing a prospectus. The CSA also created a regulatory sandbox program to help innovative fintech companies bring their products and offerings within
This document summarizes a presentation on digital assets and securities token offerings (STOs). It defines digital assets and different types of tokens like security, utility, and asset-backed tokens. It discusses regulations around digital assets in different countries. It provides examples of how STOs could simplify equity, debt, and real estate investment trust (REIT) offerings. Benefits of STOs include efficiency, investment options, and compliance capabilities, while challenges include cyber threats, legal issues, and socioeconomic impacts.
Bosham Capital Advisors Ltd is an independent financial boutique that provides merchant banking services including strategic advisory, corporate finance, M&A, capital introduction, and ongoing advisory board services. It acts as both an investor and advisor, putting its own capital into deals and conducting rigorous due diligence before introducing deals to potential investors. Currently it manages a global portfolio of 6 investments across various sectors.
This document provides an overview of know your customer (KYC) procedures for financial institutions. It discusses collecting basic customer due diligence information such as identity documents and address for individuals. It also describes risk assessing customers and categorizing them as regular, medium, or higher risk. Higher risk customers require enhanced customer due diligence and justification that they are not involved in money laundering. The document outlines KYC procedures for individuals and corporations.
The United Kingdom Raises Red Flag on Initial Coin OfferingsChristina Gagnier
The UK Financial Conduct Authority (FCA) issued a warning about initial coin offerings (ICOs), noting they are high-risk speculative investments. The FCA has not created blanket legislation around digital currencies or ICOs, and will review each case individually. It warned consumers to research ICO projects thoroughly given risks like fraud, price volatility, lack of regulation or investor protections, inadequate project documentation, and projects being in early experimental stages. The FCA encouraged reporting any potential scam ICOs.
The document discusses FinTech markets and laws in Thailand. It provides an overview of the FinTech landscape in Thailand, including developments in areas such as digital banking, lending, fundraising, investments, payments and remittance, capital markets, and blockchain initiatives. It then examines the regulatory framework for FinTech, including laws governing electronic transactions, digital development, cybersecurity, data protection, and specific financial laws. Finally, it discusses regulations for payment services, digital consumer finance, digital assets, and key legal issues such as customer onboarding, national digital ID, and electronic signatures.
A 3 minute guide to The Peer-to-Peer Finance AssociationMarketInvoice
The Peer-to-Peer Finance Association is the UK industry body for P2P finance providers and platforms. Here's a short guide to their purpose and history.
The document provides information about Bonn Steichen & Partners, a Luxembourg law firm:
- It has over 70 professionals and offers full-service legal services to domestic and international clients across various areas of Luxembourg law.
- The firm develops long-term relationships with clients and takes advantage of synergies between departments to ensure consistent high-quality service.
- BSP aims to create value for clients by combining expertise from various professionals and adapting to new laws and business environments.
The popularity of cryptocurrency has been on the rise for years. But 2020 has been a very special year with many more retail investors getting exposure to bitcoin during the COVID-19 lockdown, public companies beefing up their bitcoin holdings, and major fintech companies like PayPal introducing cryptocurrency products. This makes it a great time to look into the 2021 year and discuss what we can expect in the crypto tax space.
Changing Properties - Building trust in property transactions using Third Par...Geoff Dunnett
The document discusses the potential for technology-enabled third party managed accounts (TPMAs) to improve property transactions in the UK. It notes that trust is crucial in property transactions given their importance and cost. However, the current system relying on client accounts faces issues like delays, cancellations and fraud that undermine trust. The document examines how TPMAs could help address these issues while balancing the need for innovation with maintaining trust. It provides an overview of regulatory frameworks and responsibilities when using client accounts versus TPMAs. Overall, the document argues that TPMAs have potential benefits but awareness and adoption is currently low, and common standards and collaboration are needed to fully realize the benefits for all parties involved in property transactions.
"APAC Technology Conference" by BM APAC, Panelist for "Key challenges and opportunities facing technology businesses in Asia Pacific - Session: Innovation through M&A and Partnering" (31 July 2018)
The Bank of Thailand has issued draft guidelines for a FinTech regulatory sandbox. The sandbox aims to facilitate testing of new financial products and services using innovative technologies, while still protecting consumers and ensuring financial stability. Qualified applicants including financial institutions, FinTech firms, and technology companies can apply to test eligible products like loans, payments, and other innovations. Applications require details on testing scope, risks, and consumer protections. If tests meet goals and normal rules can be followed, applicants can pursue broader provision. The guidelines remain subject to change based on feedback, and other regulators may also implement sandboxes.
Shieldpay - Changing Properties (the future of real estate transactions)Peter Janes
Shieldpay - Changing Properties
Shieldpay has published our White Paper on Third Party Managed Accounts (TPMAs). This is an overview of the current regulatory position of using TPMAs such as Shieldpay for property transactions.
Regulatory Regime for Cryptocurrencies in GibraltarChristina Gagnier
The Gibraltar government has taken a positive approach towards cryptocurrencies and is establishing a regulatory framework for distributed ledger technology (DLT) activities, including those related to virtual currencies. The Gibraltar Financial Services Commission (GFSC) will authorize and supervise DLT activities not currently regulated. Virtual currency is defined as a digital representation of value that can be traded but does not have legal tender status. Unlike some other jurisdictions, Gibraltar will not give virtual currencies the same status as fiat currencies, restricting its use and functions. The GFSC's regulatory approach aims to protect consumers and Gibraltar's reputation while promoting economic benefit. The new regulations are expected to be finalized by the end of 2017 and take effect on January 1, 2018.
In this presentation, I have clearly explained how you can calculate your crypto taxes in India. I have also presented necessary tools that can come in really handy when you calculate your crypto tax.
A presentation on AML & CFT Risks and Opportunities delivered at the Gibraltar Association of Compliance Officers Blockchain & DLT Event on 17 October 2018.
This presentation covers different industry players; what obligations those industry players may have; how to meet those compliance obligations; other key risks and the future of compliance in the cryptocurrency and DLT sector.
Lexology Getting the Deal Through Fintech Ireland 2020Matheson Law Firm
The document provides an overview of the regulatory landscape for fintech in Ireland. It discusses Ireland's active fintech innovation climate and government support initiatives. Key points:
- Ireland has a very active fintech scene and is a leading destination for fintech startups and corporate innovation in Europe.
- The Central Bank of Ireland regulates all providers of regulated financial services and certain activities require authorization, such as banking, payments, lending, and investment services.
- Consumer lending, secondary market loan trading, collective investment schemes, and alternative investment funds are also regulated. Managers of alternative investment funds require authorization.
- Government agencies like IDA Ireland and Enterprise Ireland provide supports for fintech firms. The Central Bank also
Getting The Deal Through Insurance & Reinsurance 2017Matheson Law Firm
Sharon Daly, April McClements and Darren Maher co-author the Irish chapter of Getting The Deal Through Reinsurance & Reinsurance 2017. This volume in the series provides comparative local insight into the field of insurance and reinsurance law, outlining the following areas: regulatory framework, insurance claims and coverage, reinsurance disputes and reinsurance principles and practices.
Getting The Deal Through: Insurance & Reinsurance 2018Matheson Law Firm
This document summarizes the key regulatory requirements for insurance and reinsurance companies in Ireland. It outlines that the Central Bank of Ireland is responsible for regulating insurance companies. New insurance companies must be incorporated as a designated activity company or public limited company and obtain authorization from the Central Bank, which involves submitting a business plan and meeting various criteria related to governance, risk management, and capital requirements. Officers and directors must meet minimum qualification requirements established by the Central Bank, including fitness and probity standards. Insurance companies must comply with the capital and solvency requirements of Solvency II, including maintaining a solvency capital requirement and minimum capital requirement.
Lexology getting the deal through - Insurance and Reinsurance 2019, Ireland Matheson Law Firm
What are the key steps and considerations in the regulation and licensing of insurance and reinsurance companies trading in Ireland and the resolution of insurance disputes? We examine these issues and recent industry developments, in the context of emerging trends and amid the backdrop of Brexit and GDPR, in the Ireland chapter of Lexology, Getting the Deal Through – Insurance and Reinsurance 2019 by Matheson partners Sharon Daly, Darren Maher, April McClements and Gráinne Callanan.
Templar European Investment Services provides investment services and follows regulations set by the Malta Financial Services Authority (MFSA) and the Markets in Financial Instruments Directive (MiFID). The document included is a guide produced by the MFSA explaining the MiFID rules, which Templar must follow on behalf of its clients. These rules are intended to protect investment clients and ensure they receive appropriate information and services that meet their needs and circumstances.
The document provides information about the rules that Templar European Investment Services follows to protect investment clients under the Markets in Financial Instruments Directive (MiFID). It explains that Templar and its advisers are regulated by the Malta Financial Services Authority and must comply with MiFID rules. The document includes a copy of the MFSA's consumer guide to MiFID, which outlines investor protections at different stages of the investment process, such as requirements for client categorization, suitability assessments, and disclosure of conflicts of interest. It notes that while Templar provides investment services, it also offers insurance products through a separate insurance license.
Country Comparative Legal Guides to Insurance & Reinsurance, Ireland 2017Matheson Law Firm
This country-specific Q&A gives a pragmatic overview of the law and practice of insurance & reinsurance law in Ireland. It addresses topics such as contract regulation, licensing, penalties, policyholder protection, alternative dispute resolution as well as personal insight and opinion as to the future of the insurance market over the next five years.
Chambers Global Practice Guide to Insurance and Reinsurance 2019 in IrelandMatheson Law Firm
Matheson Insurance Partners Sharon Daly, Darren Maher and April McClements co-author the 2019 guide to Insurance and Reinsurance in Ireland, as published by the Chambers Global Practice Guides
The In-House Lawyer Comparative Legal Guide to Insurance and Reinsurance 2018...Matheson Law Firm
This document provides answers to questions about insurance regulation in Ireland. It discusses how insurance contracts are regulated, how different types of insurers are regulated, the regulation of insurance brokers and intermediaries, the authorization process for insurers, restrictions on ownership of insurers, the ability to insure risks without a license, and penalties for operating without permission. The key regulator is the Central Bank of Ireland, which regulates insurers, reinsurers, and intermediaries but does not oversee the writing of insurance contracts directly. Authorization typically takes 6 months but can be quicker for reinsurance vehicles. There are no restrictions on ownership of insurers. Operating insurance business without a license is an offense subject to fines or imprisonment.
The Legal 500 and The In-House Lawyer Comparative Legal Guide to Insurance an...Matheson Law Firm
This document provides answers to questions about insurance regulation in Ireland. It discusses how insurance contracts are regulated, how different types of insurers are regulated, regulation of insurance brokers and intermediaries, authorization requirements for insurers, restrictions on ownership of insurers, the ability to insure risks without a license, and penalties for operating without authorization. Key points include that insurance contracts are primarily governed by common law, the Central Bank regulates insurers and intermediaries, brokers require registration, authorization can take 6 months on average, there are no restrictions on foreign ownership of insurers, and penalties for operating without a license include fines and imprisonment.
This guidance is intended to help accountants comply with UK anti-money laundering legislation by preventing, recognizing, and reporting money laundering. It covers the responsibilities and obligations of accountants, including conducting risk assessments, implementing customer due diligence procedures, reporting suspicious activity, record keeping, and training employees. The guidance aims to ensure compliance with relevant UK laws and regulations related to anti-money laundering and counter-terrorist financing.
Veracity Capital Partners provides investor relations services to investment companies and public companies. They offer an integrated investor relations program that includes advising on capital markets strategies, developing corporate messaging and positioning, and implementing marketing strategies. Their team has extensive experience in the capital markets and relationships with institutional investors. They aim to help clients attract interest from investors, communicate effectively, and achieve their business goals through a tailored investor relations program.
Willkie Farr & Gallagher Corporate Crime Bulletin September 2017Paul Feldberg
Welcome to Willkie Farr & Gallagher’s Corporate Crime E-Bulletin. This publication provides an update on recent developments in the UK and the US with respect to financial crime and regulatory enforcement, including bribery and corruption, fraud, sanctions, money laundering, market abuse and insider dealing.
Anti money laundering (aml) and financial crimeRaviPrashant5
This document provides an introduction to anti-money laundering regulations. It discusses how money laundering works, including the key stages of placement, layering and integration. The document outlines the UK Money Laundering Regulations 2017, which require certain businesses to register, implement customer due diligence processes and monitor transactions to prevent money laundering. It defines money laundering and financial crime and the offenses covered by relevant legislation. The goal of the course is to help professionals understand their responsibilities and comply with anti-money laundering laws.
Cim Global Business provides fund administration, corporate structuring, trust and foundation services, and professional services outsourcing solutions. It has over 20 years of experience and USD 150 billion in assets under administration. Services include fund and corporate administration, trust and foundation establishment and administration, accounting services, tax compliance, legal services, and IT support outsourcing. Cim Global Business aims to be a trusted partner for its international clients by providing tailored solutions and high quality professional services.
In this edition of Regulatory Focus, Duff & Phelps provides a synopsis of the FCA's latest news and publications issued in May 2017.
Highlights include:
MiFID II Topics and Challenges
FCA's increased focus on cyber resilience
Guidance on the Criminal Finances Act 2017
This document provides information about Acumen Group, a company that assists with obtaining authorization and registration from regulatory bodies like the Financial Conduct Authority (FCA) and HM Revenue & Customs (HMRC). It outlines the authorization and registration services offered, including application assistance, ongoing compliance support, training, and audit representation. The stages of the application process and details of compliance services provided to money service businesses are also summarized.
Getting The Deal Through: Financial Services Litigation 2018Matheson Law Firm
This document provides an overview of financial services litigation in Ireland. It discusses the most common causes of action brought against banks and financial institutions, which typically relate to the misselling of financial products and mismanagement of investment funds. It also examines the types of non-contractual duties that have been recognized in misselling claims, such as advisory duties. The document outlines Ireland's statutory liability regime for untrue statements in prospectuses. It notes that Irish courts have generally not recognized an implied duty of good faith in contracts, though certain relationships may imply such duties. Fiduciary duties are more likely to be found in advisory relationships. The document also discusses the treatment of standard form agreements, the ability of financial institutions to limit liability,
Similar to Getting the Deal Through: Fintech 2018, Ireland (20)
The key points from the document are:
1. Ireland introduced formal transfer pricing legislation in 2010 that requires transactions between related parties to be conducted at arm's length prices.
2. The Irish transfer pricing rules were substantially updated in 2019 to broaden their scope of application.
3. Under the Irish rules, the taxable profits of companies must be computed based on accounting profits, subject to any adjustments required by law, including transfer pricing adjustments. Adjustments may deem transactions at undervalue to be deemed distributions for company law purposes.
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Finance and Capital Markets partners Rory McPhilips and Stuart Kennedy and senior associate, Stephen Gardiner co-author the Ireland chapter of Getting the Deal Through Air Transport 2020.
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Registry
1. Ireland taxes individuals based on their residence and domicile status. Resident and domiciled individuals are taxed on worldwide income and capital gains. Resident but non-domiciled individuals are taxed on Irish-source income and foreign income remitted to Ireland.
2. Ireland has gift, estate, and wealth transfer taxes called Capital Acquisitions Tax (CAT) imposed on beneficiaries. Rates are 33% but certain transfers like between spouses are exempt.
3. Other relevant taxes include income tax, capital gains tax, universal social charge, value-added tax, stamp duties, and a domicile levy for high-earning non-domiciled individuals.
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This document provides information about transfer pricing rules and regulations in Ireland. It discusses the primary Irish transfer pricing legislation, the government agency responsible for enforcement, the role of the OECD Transfer Pricing Guidelines, the types of transactions covered by the rules, and Ireland's adherence to the arm's length principle. It also addresses Ireland's implementation of the OECD's base erosion and profit shifting (BEPS) project and its effects on the applicable transfer pricing rules.
Finance and Capital Market partners Rory McPhillips and Stuart Kennedy and senior associate, Stephen Gardiner co-author the Ireland chapter of GTDT Air Transport 2020.
Getting the Deal Through: Insurance Litigation 2019Matheson Law Firm
Litigation partners, Sharon Daly and April McClements and senior associate, Aoife McCluskey author the Ireland chapter of Getting the Deal Through 2019.
Ireland introduced formal transfer pricing legislation in 2010 that broadly applies the arm's length principle to transactions between related parties, requiring the substitution of an arm's length amount for the actual consideration in computing taxable profits. The legislation applies equally to domestic and international transactions but does not apply to small and medium-sized enterprises. An adjustment to the accounting profits for tax purposes under the transfer pricing rules could also result in a deemed distribution under company law if the transaction was undertaken at an undervalue.
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