BERMUDA CONTENTS
6. Marketplaces, Exchanges and Trading Platforms p.98 6.1 Permissible Trading Platforms p.98 6.2 Regulation of Different Asset Classes p.98 6.3 Impact of the Emergence of Cryptocurrency Exchanges p.98 6.4 Listing Standards p.98 6.5 Order Handling Rules p.99 6.6 Rise of Peer-to-Peer Trading Platforms p.99 6.7 Rules of Payment for Order Flow p.99 6.8 Market Integrity Principles p.99 7. High-Frequency and Algorithmic Trading p.99 7.1 Creation and Usage Regulations p.99 7.2 Requirement to Be Licensed or Otherwise Register as Market Makers When Functioning in a Principal Capacity p.99 7.3 Regulatory Distinction Between Funds and Dealers p.100 7.4 Regulation of Programmers and Programming p.100 8. Insurtech p.100 8.1 Underwriting Processes p.100 8.2 Treatment of Different Types of Insurance p.100 9. Regtech p.100 9.1 Regulation of Regtech Providers p.100 9.2 Contractual Terms to Assure Performance and Accuracy p.101 10. Blockchain p.101 10.1 Use of Blockchain in the Financial Services Industry p.101 10.2 Local Regulators’ Approach to Blockchain p.101 10.3 Classification of Blockchain Assets p.101 10.4 Regulation of “Issuers” of Blockchain Assets p.102 10.5 Regulation of Blockchain Asset Trading Platforms p.102 10.6 Staking p.102
10.7 Crypto-Related Lending p.102 10.8 Cryptocurrency Derivatives p.103 10.9 Decentralised Finance (DeFi) p.103 10.10 Regulation of Funds p.104 10.11 Virtual Currencies p.104 10.12 Non-Fungible Tokens (NFTs) p.104 11. Open Banking p.104 11.1 Regulation of Open Banking p.104 11.2 Concerns Raised by Open Banking p.104 12. Fraud p.104 12.1 Elements of Fraud p.104
12.2 Areas of Regulatory Focus p.105 12.3 Responsibility for Losses p.105
80
CHAMBERS.COM
Powered by FlippingBook