On 21 October 2021, HM Treasury published its much-anticipated consultation on the regulation of buy-now-pay-later products. The consultation arrives nearly seven months after the Treasury confirmed that it would formally consult on bringing BNPL products into the regulatory perimeter “as a matter of priority”.
Our Banking & Finance, Competition & Antitrust, Mergers & Acquisitions and Trade partners in Johannesburg outline ten reasons to turn your attention to African trade and investment opportunities in the coming year. Some of these reasons include the rise in commodity prices, shifting patterns and alternative financing, digitization and competition law and enforcement.
Following a series of consultations, the Monetary Authority of Singapore has implemented two new cross-border exemption frameworks, which came into effect on 9 October 2021.
This week’s discussion in the ‘This Week in Government Enforcement’ series will cover the following:
• Deputy Attorney General Lisa Monaco on corporate enforcement priorities under the Biden Administration
• The Consumer Financial Protection Bureau is targeting big tech
o What do they want and why do they want it?
o How should tech firms prepare, whether they receive a request from CFPB or not?
China has strengthened its commitment to protect personal information by adopting the new Personal Information Protection Law (PIPL 《中华人民共和国个人信息保护法》) which gives data subjects the power to control and determine how, with whom and for what purposes their personal information can be shared, analyzed or handled. Our Firm has previously released a more detailed discussion on the PIPL, which took effect on 1 November 2021.
The Compliance Podcast series, conducted by Jesús Dávila in Venezuela, aims to shed light on the implications of what anti-corruption policies represent for companies in Venezuela. In the second season we will be inviting as guests various personalities from different areas (legal, journalistic, marketing, among others) that will allow us to analyze and understand the culture of compliance, under different angles and perspectives.
Financial crime remains at the top of the regulatory agenda across the globe. As responses to the pandemic stabilise, and following some high-profile global incidents, regulators face renewed pressure to manage financial crime more effectively through robust supervision and enforcement. In the October 2021 edition of the City Library’s Compliance Officer Bulletin, our business crime, regulatory and cybersecurity lawyers explore the latest developments in anti-money laundering and financial crime in a series of articles
Through Baker McKenzie’s participation in the World Economic Forum project; Unlocking Value of Data Sharing we have learnt that whilst many companies may have a good grasp of unlocking value from their internal data, that the legal risks of data use and sharing are not widely understood or on the radar of decision takers. Moreover, there can be a gap between the business/technology team and the legal function.
ASIC has written to public companies, large proprietary companies and trustees of registrable superannuation entities urging them to review their whistleblowing policies to ensure they are compliant with the Corporations Act 2001.
On 25 September 2021, the government passed Decree No. 85/2021/ND-CP amending several provisions of Decree No. 52/20213/ND-CP on e-commerce. The amendments and supplements under Decree No. 85, effective on 1 January 2022, focus on the provision of cross-border e-commerce services in Vietnam.