Tag: rules
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EU updates rules for Big Tech antitrust assessment
EU Updates Rules for Big Tech Antitrust Assessment The European Union (EU) has introduced new rules for assessing antitrust issues concerning Big Tech companies. This decision underpins the EU’s commitment to maintaining fair competition and ensuring that powerful tech giants do not stifle innovation or engage in anti-competitive behavior to their advantage. The new regulations…
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European Parliament adopts new instant money transfer rules
European Parliament Adopts New Instant Money Transfer Rules By [Your Name] The European Parliament recently passed new regulations aimed at modernizing and streamlining the money transfers system across the European Union. These new rules will greatly benefit consumers, businesses, and financial institutions by enabling instant money transfers within the Eurozone, enhancing efficiency, and reducing costs.…
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FSRA announces revisions to its anti-money laundering and sanctions rules and guidance
FSRA Announces Revisions to Its Anti-Money Laundering and Sanctions Rules and Guidance The Financial Services Regulatory Authority (FSRA) has recently made significant revisions to its anti-money laundering (AML) and sanctions rules and guidance, aiming to further strengthen its commitment to combat financial crimes and protect the integrity of the financial system. Why These Revisions Matter…
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SAMA issues rules for regulating BNPL companies
SAMA issues rules for regulating Buy Now, Pay Later (BNPL) companies September 15, 2022 The Saudi Arabian Monetary Authority (SAMA) has announced new regulations for the operation of Buy Now, Pay Later (BNPL) companies within the country. The move aims to ensure consumer protection and financial stability in the rapidly growing BNPL industry. Key Regulations…
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FSC to change rules for supervisory regulation on credit information firms
Published on: September 18, 2022 The Financial Services Commission (FSC) has announced its plans to change the rules for supervisory regulation on credit information firms, aiming to enhance the oversight and management of this critical sector. The FSC, as the primary regulatory authority responsible for ensuring the stability and transparency of the financial sector, considers…
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FCA proposes rules to maintain access to cash
The Financial Conduct Authority (FCA) has recently proposed new rules aimed at ensuring continued access to cash for UK consumers. With the increasing popularity of digital transactions, the FCA seeks to address concerns and provide protection for individuals who rely on cash as their primary means of payment. The rise of electronic payments may provide…
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EU Proposes stringent rules for stablecoin issuers
The European Union (EU) has recently put forth a proposal for the implementation of more stringent regulations aimed at stablecoin issuers. Stablecoins, which are cryptocurrencies designed to maintain a stable value by pegging them to another asset like fiat currencies, have gained significant attention in recent years and are increasingly being used as a medium…
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Britain to push ahead with rules for cryptoassets
Britain to Push Ahead with Rules for Cryptoassets In an effort to bring clarity and stability to the burgeoning world of cryptocurrencies, the United Kingdom is set to introduce comprehensive regulations for cryptoassets. The move aims to address concerns around fraud, market manipulation, and potential risks associated…