UK PRA's 'Dear CEO' Letter on Exposure to Crypto-Assets
- On 28 June 2018, the United Kingdom Prudential Regulation Authority (PRA) published a letter to the CEOs of banks, insurance companies and designated investment firms to communicate the PRA’s expectations regarding firms’ exposure to crypto-assets. In particular, the letter flagged the risks associated with... ›
Announcing the Global Financial Innovation Network
On 7 August, 2018, the UK’s Financial Conduct Authority (FCA) announced that it has, in collaboration with 11 other financial regulators and related organisations, including the Monetary Authority of Singapore and the Hong Kong Monetary Authority, created the Global Financial Innovation Network (GFIN) to... ›If Your Company Offers Streaming Services, You Should Be Aware that States and Localities Are Taking Different Approaches to Taxing Such Services
By: Rebecca M. Balinskas
Many states and localities are concerned that the proliferation of streaming services is shrinking tax revenues previously received from sales of traditional forms of entertainment. Those concerns are not unfounded. The rapid development of streaming services has drastically changed how people watch “television.” It... ›Digital Single Market Update: Revision of the European Union’s Audiovisual Media Services Directive
By: Kristina Ehle
The European Union’s legislators have reached an agreement on the revision of the EU’s Audiovisual Media Services Directive (AVMSD). The reform aims at providing a uniform legal and market framework for different types of video streaming services provided via the Internet, and a more... ›New Rules for the European Telecoms Sector: The European Electronic Communications Code
By: Andreas Grünwald and Christoph Nüßing
The existing European telecoms regulatory framework has not undergone any major amendments since 2009. The EU regulatory regime has been overtaken by technological and market changes. And, not only has the outdated regime failed to help the European telecoms sector to overcome the fragmentation... ›EU Copyright Reform Update - How Far Have We Come?
By: Christiane Stuetzle and Patricia C. Ernst
Copyright reform is a key part of the European Union’s package of measures designed to create a Digital Single Market in the EU. The European Commission’s view is of nothing less than a modernisation of EU copyright law to reflect the digital age. For... ›Tune in, catch up: EU changes to TV and radio transmission rules
By: Alistair Maughan and Kristina Ehle
Linear TV and radio services are increasingly being consumed via the internet. Technical developments allowing the on-demand consumption of audio and audio-visual content on different user devices have also changed viewer habits resulting in linear TV content that can also be viewed at times... ›EU Regulation Reform - Unjustified Geo-Blocking To Be Phased Out By End Of 2018
By: Alistair Maughan and Kristina Ehle
Geo-blocking is the practice of preventing internet users in one jurisdiction from accessing services elsewhere based on the user’s geographic location. The European Commission wants to eliminate geo-blocking within the EU – and has taken a significant step forward in its plans to do... ›Catching Up? A New Consumer Protection Cooperation Regime for the EU
By: Alistair Maughan, Stephan Kreß and Kristina Ehle
The European Union (“EU”) has long had a focus on consumer protection of EU residents. A new proposed EU regulation is set to improve the cross-border enforcement regime for consumer protection legislation. The new rules will give more teeth to national authorities in EU... ›The FCC “Opts-In” to Consumer Privacy with New Rules for Internet Service Providers
By: Julie O'Neill and Mary Race
On October 27, 2016, The Federal Communications Commission (FCC) adopted rules requiring internet service providers (ISPs) to give consumers more control over the use of their web browsing and other information by requiring ISPs to obtain opt-in consent to use customers’ web browsing history... ›