An overview in which our Banking and Finance Practice Group highlights:
- Loyens & Loeff publications which may be of interest to you;
- Legislative dates for your diary.
Loyens & Loeff publications
Equity tokens and shares: similar but not quite so (Luxembourg) A digital world calls for digital assets. Investors' interest in equity tokens as a new way to invest and get ownership in a company is on the rise. As traditional stock or shares, equity tokens are subject to specific legal considerations if they are to be issued under Luxembourg law.
Luxembourg to create new regime for dormant bank accounts and unclaimed insurance contracts (Luxembourg) Banks and insurance companies have a growing number of accounts, safes, and insurance contracts which have been inactive for several years and which incur costs. The Luxembourg Parliament is discussing the creation of a new regime to solve the challenging issues related to dormant bank accounts, safes and unclaimed insurance contracts.
New Amendments to the drafts FinSO, FinIO and SOO (Switzerland) After the adoption of the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) in June 2018, the draft ordinances in relation to such acts, the FinSO, the FinIO and the SOO were made available and are currently subject to a consultation procedure. The Federal Council is expected to take a final decision on the texts of such ordinances in the beginning of November 2019.
Data Protection & Privacy Updates
For updates on the GDPR, please visit the webpage of the Loyens & Loeff Data Protection and Privacy Team.
FinTech Team – BankBits
The Loyens & Loeff FinTech Team has its own page on LinkedIn. We invite you to take a look at the BankBits, short news items relevant for financial institutions. Here we regularly post news items relevant for the financial institution sector called 'BankBits'.
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