Insight · Regulatory Updates
The Real Stock on a New Rail: The SEC's Innovation Exemption and Europe's Tokenization Question
On 17 September the SEC opened a supervised route for tokenized US-listed shares to trade on chain. This guide explains in plain terms what...
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Insight · Regulatory Updates
Before the File Goes In: Four Lessons from MiCA CASP Licensing
A MiCA licence is won or lost in the preparation before the application is filed. This guide explains, in plain terms, four lessons from the...
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Insight · Regulatory Updates
The Simplification Paradox: What the Digital Omnibus Actually Asks of Regulated Firms
The Digital Omnibus is the Commission's first serious attempt to slim down the EU digital rulebook. For regulated firms, 'simplification' is...
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Insight · Regulatory Updates
One Passport, Twenty-Seven Gatekeepers: MiCA and the 2026 Authorization Cliff
MiCA's transitional regime is closing and ESMA's first peer review has put national supervisors on notice. For crypto-asset firms, 2026 is t...
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Insight · Regulatory Updates
DORA at One Year: Reading the First Wave of Supervisory Findings
DORA's first year was a stocktake. The second will be a test. Supervisors have shown their hand — Register quality, contractual remediation,...
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Insight · Regulatory Updates
Procuring the Black Box: AI Vendors and the Limits of Third-Party Due Diligence
An AI vendor is opaque in ways a traditional ICT supplier is not, and EU regulation treats financial entities as if they understood the syst...
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