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Zug, the small town in Switzerland with little over 30,000 inhabitants, does not appear the obvious choice for the epicentre of EMEA crypto-investment and ICOs, but this little canton has already attracted attention as a fault line in a much wider battle between several jurisdictions vying to become the global ICO hub.
Businesses in Africa that process customer data from the European Union (EU) must ensure they are fully compliant with the EU General Data Protection Regulation (GDPR), set to become effective in May 2018.
The top ten economies by Gross Domestic Product (GDP) in Africa all have active competition regulation, save for Angola and Nigeria but those countries are in the process of establishing completion law regimes, which are expected to be up and running soon.
Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – technical guidance issued by CPMI-IOSCO was published by the Bank for International Settlements (BIS) in April 2018.
Previously, the key individuals and representatives (as defined in the Financial Advisory and Intermediary Services Act, 2002 (FAIS)) of authorised financial services providers licensed under FAIS, were required to comply with the fit and proper requirements set out in The Determination of Fit and Proper Requirements for Financial Services Providers published under Board Notice 106 of 2008 (Old Fit and Proper Requirements).