Archive: November 2024

On 15 November 2024, the European Supervisory Authorities issued a Decision on the information that Member State competent authorities (NCAs) must report to them for the designation of critical ICT third-party service providers under the Digital Operational Resilience Act (DORA).

Key Takeaways:
• SEC dealer rule vacated by Northern District of Texas judge
• CFPB issues final rule excluding crypto from market participants definition
• Lido DAO members not immune to suit under partnership law
• Caitlyn Jenner sued for crypto promotion by investors

On 25 November 2024, HM Treasury published the text of a speech by the Economic Secretary to the Treasury, Tulip Siddiq MP, outlining the Government’s approach to tokenisation and regulation. In the speech, which was delivered at the Tokenisation Summit on 21 November 2024, Ms Siddiq discussed the initiatives the Government is taking forward in the digital asset ecosystem, including the Digital Securities Sandbox and the wider cryptoasset strategy.

Join our panel of lawyers from Asia, Dubai, Europe, London and the US who will explore the key regulatory developments, issues and considerations and examine some real-world case studies.

Norton Rose Fulbright Canada invites you to its leading annual technology, privacy, and cybersecurity virtual summit. Learn how to leverage AI for a competitive edge while mitigating its inherent risks.

Key Takeaways:
• Legal notice via NFT allowed in Celsius bankruptcy
• SEC’s Division of Examinations announces crypto priorities for 2025
• Wells Notice issued by SEC against Web3 company Immutable
• Consensys emphasizes SEC “regulatory power grab” in answer to SEC’s suit

On 6 November 2024, the Joint Committee of the European Supervisory Authorities (ESAs) published joint guidelines on the oversight cooperation and information exchange between the ESAs and the competent authorities under the Regulation on digital operational resilience for the financial sector (DORA).

The legal industry is on the brink of transformation with the integration of Generative AI (GenAI). Understanding which AI solutions fit your practice is crucial to enhancing productivity.

AI adoption must now be on every board room and executive team’s agenda as an emerging area of risk and regulatory focus. This issue has been given further impetus by a number of key developments across Australia’s multi-jurisdictional landscape.

This webinar will look at the legal risks to consider when developing and using AI in the UK in 2025, including considerations for generative AI tools. It will provide an update on UK AI policy and new laws proposed. It will also look at existing cross-sectoral and sectoral laws and how they apply to AI, and the application of the EU AI Act to UK businesses.