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Bahrain
Raees + Co
The Central Bank of Bahrain (the "CBB") issued amendments to the CBB Rulebook Volume 5 (Type 3: Financing Companies) on 8 February 2022...
Kenya
Anjarwalla & Khanna
31 December 2021 marked a long-anticipated landmark in the global financial market; with a few exceptions, the publication of the London Interbank Offered Rate (LIBOR)...
Mauritius
Appleby
On 02 June 2022, the Mauritian Financial Services Commission (FSC) confirmed the processing fees for Virtual Asset Service Providers and Issuers of Initial Token Offerings through...
Appleby
By a communique dated 9 June 2022, the Financial Services Commission indicated that it has amended its Competency Standards issued under Section 7(a)(a) of the Financial Services Act 2007.
Appleby
On 07 June 2022, the Minister of Finance, Economic Planning and Development (Minister of Finance) tabled the National Budget for the fiscal year 2022-2023 under the theme "With the People, for the People".
Ocorian
The Minister of Finance and Economic Development presented his budget speech for the year 2022/2023 on 7 June 2022. In the aftermath of the Covid 19 pandemic and the ongoing conflict between Ukraine and Russia...
AXIS Fiduciary Ltd
The Financial Services Commission has issued, with effect, the Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2022 on 7 May 2022, highlighting the processing fees and fixed annual fees ...
Nigeria
Perchstone & Graeys
Regulations, when well-conceived and implemented, are almost always good for business. They tend to set a bar that institutionalizes best practices, and signals confidence to investors...
Pavestones Legal
In our previous article, we provided a summary of the key provisions in the Framework for Open Banking (the "Framework") released by the Central Bank of Nigeria (CBN) on February 17, 2021.
Udo Udoma & Belo-Osagie
The increasing globalisation of the world's economy and the demand and supply of capital have impacted how businesses operate in today's market to leverage and unlock the use of scarce resources.
Sidebrief Inc.
The Central Bank of Nigeria has been working towards creating an open banking system in the country.
Balogun Harold
Nigeria's Pension Regulator, Pencom, has recently issued regulations permitting pension funds to co-invest in private equity funds with
AELEX
We had earlier delved into the concept of Open Banking and its regulatory framework in our articles accessible here and here. In summary, Open Banking is a system that grants third-party providers (TPPs) ...
KPMG Nigeria
Governments around the world have been plagued with how to meet the housing deficits with the escalating population and migration to urban areas.
Marcus-Okoko & Co
The Central Bank of Nigeria has issued the regulatory framework for Open Banking in Nigeria in its efforts to enhance data sharing across the banking and payments system to promote innovations and...
South Africa
ENSafrica
The Conduct Standard for Financial Institutions Bill, 2020 could be published in third draft or tabled in parliament COFI is one of the final steps in the twin peaks reform.
United Arab Emirates
Al Rowaad Advocates & Legal Consultancy
A travel ban, in common terms, means restricting an individual who is inside the country to exit the country and prohibiting an individual who is outside the country to enter or re-enter the country.
Maples Group
A developing trend in the Middle East is the use of offshore centres for the structuring of master Islamic investment platforms. Such platforms are being established by Shariah compliant financial institutions...
Worldwide
Invest Barbados
Rwanda Development Board (RDB) and Invest Barbados have signed an agreement to promote and implement strategic private sector investments in both countries.
ChimwaMurombe Legal Practice
Plautus once said, "What you lend is lost; when you ask for it back, you may find a friend made an enemy by your kindness.
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