By Scott Farrell Urszula McCormack and Stanley Zhou  King & Wood Mallesons

1. ICOs sell blockchain tokens (or coins)…

A token is an intangible asset stored on a blockchain which entitles a token holder to a bundle of rights (and possibly liabilities) set out in smart contracts and other relevant documentation (such as an offering document or a whitepaper).
Continue Reading 10 things you need to know about Initial Coin Offerings (ICOs)

couter_rdolan_tBy Rachel Couter and Olivia Short King & Wood Mallesons’ dispute resolution and contentious regulatory group

On 14 April 2016, the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) published their consultation paper proposing various changes to the enforcement process in response to the following three publications:

  1. HM Treasury’s

By Adrian Brown, David Calligan, Tim Dolan, Tamasin Little  King & Wood Mallesons’ London Office

The Senior Managers and Certification Regime (the “SM&CR”) is the tough new regulatory framework for individuals working in the banking sector, under which the UK regulators seek to increase individual accountability. The SM&CR will apply to UK-based subsidiaries

By Chen Yun, Janet Gu, Wang Rong King & Wood Mallesons’ Finance & Capital Market Group

O陈运n December 25, 2015, People’s Bank of China (PBOC) promulgated the Circular on Improving Individual Bank Account Services and Strengthening Account Management (the “New Individual Bank Account Circular”). In short, the New Individual