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  • The lighter side of the past month in the world of financial law
  • The European Commission is reviewing the cumulative impact of post-crisis regulation. The feedback may not be glowing
  • On September 17 2015, the Brazilian Securities Exchange Commission (CVM) enacted a regulation (CVM instruction number 567) setting out a new regulatory framework applicable to share repurchase transactions
  • In May, the Slovak parliament adopted reforms to civil procedure
  • On April 3 2014, Mexico and Panama signed a Free Trade Agreement (FTA), which came into force on July 1 2015
  • In a landmark ruling on August 28 2015, the Swiss Supreme Court held that the Swiss Financial Markets Authority (Finma) did not have sufficient statutory authority to prevent a bank from disclosing the content of an order, without its prior consent
  • A non-Philippine resident foreign reinsurer has to meet the paid-up capital requirement applicable to its Philippine counterparts in order for it to have a resident agent licensed by the Insurance Commission of the Philippines (IC)
  • The Law on Financial Leasing, Factoring and Financing Companies no 6361 (Law), which entered into force on December 13 2012, regulates the establishment and working principles of financial leasing, factoring and financing companies
  • Indonesia is drafting a new presidential regulation on the management of downstream gas business
  • On August 6 2015, the European Securities and Markets Authority adopted a set of draft regulatory technical standards (DRTS) (not yet in force) implementing the clearing obligation of OTC derivatives products under the European Market Infrastructure Regulation (EMIR)