ROMANIA CONTENTS
6.7 Rules of Payment for Order Flow p.683 6.8 Market Integrity Principles p.684 7. High-Frequency and Algorithmic Trading p.684 7.1 Creation and Usage Regulations p.684 7.2 Requirement To Be Licensed or Registered as a Market Maker When Functioning in a Principal Capacity p.684
7.3 Regulatory Distinction Between Funds and Dealers p.685 7.4 Regulation of Programmers and Programming p.685 8. Insurtech p.685 8.1 Underwriting Processes p.685 8.2 Treatment of Different Types of Insurance p.685 9. Regtech p.686 9.1 Regulation of Regtech Providers p.686 9.2 Contractual Terms to Ensure Performance and Accuracy p.686 10. Blockchain p.686 10.1 Use of Blockchain in the Financial Services Industry p.686 10.2 Local Regulators’ Approach to Blockchain p.686 10.3 Classification of Blockchain Assets p.687 10.4 Regulation of “Issuers” of Blockchain Assets p.687 10.5 Regulation of Blockchain Asset Trading Platforms p.688 10.6 Staking p.688
10.7 Crypto-Related Lending p.689 10.8 Cryptocurrency Derivatives p.689 10.9 Decentralised Finance (DeFi) p.689 10.10 Regulation of Funds p.689 10.11 Virtual Currencies p.690 10.12 NFTs p.690 10.13 Stablecoins p.690 11. Open Banking p.690 11.1 Regulation of Open Banking p.690 11.2 Concerns Raised by Open Banking p.691 12. Fraud p.691 12.1 Elements of Fraud p.691
12.2 Areas of Regulatory Focus p.691 12.3 Responsibility for Losses p.691
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