Following our recent webinar, our #Insurance Practice Group have summarized noteworthy developments from the NAIC Summer 2024 National Meeting that was held in Chicago, Illinois August 12-15. You can read the full summary here: https://lnkd.in/eyzjR3CV and watch the webinar here: https://lnkd.in/ecF4q2BB With thanks to Daren Moreira, John Pruitt, Daniel McCarty and Maureen Adolf #FinancialServices
Eversheds Sutherland Financial Services
Legal Services
Trusted financial services lawyers helping you adapt to an ever-changing industry.
About us
The financial services industry is continuously evolving. Adoption of new technologies and operating models, industry consolidation and regulatory change create market disruption, risks and opportunities. Whatever segment of the financial services industry you work in, we provide an industry-first approach, bringing a 360° perspective and novel solutions to help you adapt successfully to change, and take advantage of the opportunities. When you choose to work with us, you won't just get legal professionals with the highest levels of technical excellence. Our global team has in-depth knowledge of the financial services sector in all of the places you do business. We represent many of the world’s largest financial institutions in groundbreaking projects that have shaped the landscape of the industry. Our experience and capabilities span the financial services ecosystem including capital markets, wholesale and retail banking, insurance, asset management, financial sponsors and private capital, payments providers, fintechs and all aspects of financial innovation. We have experience working on complex, multi-jurisdictional, projects but also bring deep knowledge of local markets to help you flex to new opportunity wherever you do business. We are a truly global firm, and place great value on a one team approach. We hear again and again from our clients that our working relationships are collaborative, transparent and solutions orientated. Although our attorneys are spread across the globe, our culture and our processes ensure that wherever, you work with us, we will always engage with you in a unified way. The financial services industry will continue to evolve, and we will continue to help you stay at the cutting edge of that change. We are here for your future, as well as your present.
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External link for Eversheds Sutherland Financial Services
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Updates
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Throughout the month of August, we’re looking back at some of our favorite sound bites from our “Decoding AI podcast series”. In our tenth episode, we discussed fraud prevention and cybersecurity with Michael Bahar and Philip James. Look beyond the headlines and the hype cycle and catch the full episode by visiting the following link. #AI #DecodingAIPodcast https://lnkd.in/e8zNipTu
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Eversheds Sutherland Financial Services reposted this
The Financial Conduct Authority (FCA) has confirmed that the Overseas Fund Regime (OFR) gateway will open to new schemes on 30 September 2024, and to schemes in the Temporary Marketing Permissions Regime (TMPR) from October 2024. For more information, see Overseas Funds Regime: Update for firms | FCA or contact your usual Eversheds Sutherland contact. #OFR
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Eversheds Sutherland Financial Services reposted this
The long-awaited draft of the Markets in Crypto-Assets Act, which will introduce the local measures around the so-called MiCA Regulation, was published for public consultation on August 20, 2024. Some of the most important aspects are the following: - The Financial Supervision Commission (“FSC”) will be the Bulgarian competent authority under MiCA, except for the issuers of e-money tokens and some other aspects of MiCA, which will be supervised by the Bulgarian National Bank - The National Revenue Agency will transfer to the FSC the register of entities, providing crypto services on 30 December 2024. - A grandfathering period of 12 months is introduced, i.e. VASPs, registered as such until 30 December 2024 will be able to continue to provide relevant crypto services, without a license until 31 December 2025 or until obtaining a license, whichever earlier. - The new Markets in Crypto-Assets Act is expected to enter into force on 30 December 2024 - Applications for crypto-asset service provider licenses can be filed after the new legislation enters into force, i.e. after 30 December 2024.
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Eversheds Sutherland Financial Services reposted this
We are excited to share that Danielle (Dahni) Barav-Johnson has joined the Firm as a counsel on the US Finance Practice Group’s Restructuring and Insolvency team, re-joining Partner Todd Meyers who arrived earlier this month to co-lead the team with Partner David Wender. Based in Atlanta, Dahni represents clients in corporate restructuring, bankruptcy and other insolvency-related matters, with particular experience focused on corporate debtors, creditors and creditors’ committees in Chapter 11 proceedings and complex bankruptcy litigation. “I am excited that Dahni is joining our US Restructuring and Insolvency team and our larger US Finance Practice Group, where she will be a strong adviser to clients navigating an increasingly complex global financial landscape,” David Wender said. “Dahni’s diverse, cross-industry and cross-border experience will help us further develop and expand our out-of-court and in-court capabilities to support clients with a truly broad restructuring practice in key US markets.” Join us in welcoming Dahni to the firm! #FinancialServices https://lnkd.in/gaCKdsBU
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Eversheds Sutherland Financial Services reposted this
Tune in to the seventh episode of our podcast series on #PrivateEquity trends in Europe. Partners Matthew Allen and Michael Mosimann provide an overview of the Swiss #VentureCapital market, highlighting current market conditions, local trends and active sectors, as well as future market prospects. 🎧 Listen now: https://lnkd.in/eT__e3Cv
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Throughout the month of August, we’re looking back at some of our favorite sound bites from our “Decoding AI podcast series”. In our ninth episode, we focused on the insurance industry and the issues firms need to be aware of with John Pruitt and Martin Mankabady. Look beyond the headlines and the hype cycle and catch the full episode by visiting the following link. #AI #DecodingAIPodcast https://lnkd.in/eK9n_9JR
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We are excited to share that Danielle (Dahni) Barav-Johnson has joined the Firm as a counsel on the US Finance Practice Group’s Restructuring and Insolvency team, re-joining Partner Todd Meyers who arrived earlier this month to co-lead the team with Partner David Wender. Based in Atlanta, Dahni represents clients in corporate restructuring, bankruptcy and other insolvency-related matters, with particular experience focused on corporate debtors, creditors and creditors’ committees in Chapter 11 proceedings and complex bankruptcy litigation. “I am excited that Dahni is joining our US Restructuring and Insolvency team and our larger US Finance Practice Group, where she will be a strong adviser to clients navigating an increasingly complex global financial landscape,” David Wender said. “Dahni’s diverse, cross-industry and cross-border experience will help us further develop and expand our out-of-court and in-court capabilities to support clients with a truly broad restructuring practice in key US markets.” Join us in welcoming Dahni to the firm! #FinancialServices https://lnkd.in/gaCKdsBU
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Throughout the month of August, we’re looking back at some of our favorite sound bites from our “Decoding AI podcast series”. In our eighth episode, we were joined by Ann Fort and David Wilkinson for a discussion on intellectual property and antitrust considerations around #AI. Look beyond the headlines and the hype cycle and catch the full episode by visiting the following link. #DecodingAIPodcast https://lnkd.in/g_XJ-xxN
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Eversheds Sutherland Financial Services reposted this
Find out the latest international #CommercialLaw updates in our weekly bitesize newsletter, Commercially Connected Shorts. This edition includes: 🌐 record keeping and reporting: responding to #ECCTA and other measures 🌐 privacy: European Commission’s call for evidence on the EU-US #DataPrivacy Framework 🌐 #DigitalAssets as personal property: where are we with #Crypto? 🌐 the latest editions of Tech Imprints: our podcast series discussing how #Tech is reshaping the Middle East and leaving a mark on the global #AI landscape. Read now: https://lnkd.in/euv7Tp4B