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BCBS defers implementation timeline for the cryptoasset standard to 1 January 2026
The Basel Committee on Banking Supervision (BCBS)'s oversight body鈥攖he Governors and Heads of Supervision (GHOS)鈥攈as welcomed the progress made on the Basel III Framework, but reiterated its expectation that all aspects are implemented in full, consistently and as soon as possible. The implementation timeline for the prudential standard for banks'...
OFSI updates UK financial sanctions general guidance on licensing
The Office of Financial Sanctions Implementation (OFSI) has updated its UK financial sanctions general guidance. Section 6 of the guidance, which covers licensing, has been updated to amend the guidance in line with OFSI鈥檚 approach to licensing grounds for UK regimes. This includes an update to definitions for 鈥榚xtraordinary expenses鈥� and...
European Commission services opens consultation on lighter liability regime under EU DSM Copyright Directive
The European Commission services has opened a targeted consultation seeking information from relevant stakeholders regarding the application and effects of the specific liability regime laid out in Article 17(6) of Directive (EU) 2019/790 on copyright and related rights in the Digital Single Market (EU DSM Copyright Directive). Article 17 of the EU...
DLHUC publishes response to consultation on High Street Rental Auctions
The Department for Levelling Up, Housing and Communities (DLHUC) has published a summary of responses, and its response, to the consultation on High Street Rental Auctions which ran for 14 weeks from 31 March 2023 to 7 July 2023. The consultation sought views on matters that will form part of the High Street Rental Auction policy, introduced in the...
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