11/25/2022
UK and Singapore deepen collaboration in FinTech and strengthen financial cooperation
HM Treasury and Monetary Authority of Singapore joint statement on the seventh meeting of the UK-Singapore Financial Dialogue.
Legal, Regulation & Compliance
11/25/2022
How can UK or US courts protect your business from a ransomware or cyber-attack?
Anonymity was granted not only because the business was a victim of blackmail but because of the risk posed by the malicious use that its information could be put to in the wrong hands.
11/25/2022
Businesses must mitigate risks despite currently benign UK climate litigation landscape
Greenwashing actions under sections 90 and particularly 90A of the Financial Services and Markets Act 2002 (FSMA), for example, are expected to be an area for further claims and legal developments.
11/25/2022
Infrastructure companies’ corporate governance can be improved with TCFD compliance
Good corporate governance practices are essential for businesses seeking to respond to the challenges posed by climate change and the transition to a net zero economy.
11/25/2022
Are you overlooking duty of care with trustee clients?
The rules and regulations governing trustees are laid out for them in the trust deed and the Trustee Acts 1925 and 2000, and the type of trust and the trust property will determine their reporting requirements each year.
11/24/2022
PFS creates Consumer Duty guide for advisers
To help IFAs understand the FCA’s expectations for the incoming regulation
11/24/2022
Pensions disputes: Ombudsman relies on telephone recordings to make determination
During the telephone calls between Mr A and the provider, the provider strongly recommended that Mr A seek financial advice to inform his decision.
11/24/2022
Government U-turns on regulation call in power
Statement from the Treasury
11/24/2022
Government under fresh pressure to keep EU rules
Retained EU Law Bill
11/23/2022
Non-EU businesses should prepare for new EU rules on sustainability reporting
As a result, more and more countries have started to introduce national legislation in respect of how companies should conduct business to comply with human rights and reduce their impact on the environment.
11/23/2022
Addleshaw Goddard: Financial Services & Banking News
Consistent with their respective objectives, the FCA, the Bank of England and other relevant financial regulators and government departments will sit as active observers to this group.
11/22/2022
The EU Digital Services Act and the Article 6 hosting exemption
Isaac Bedi and David Varney consider the relationship between the exemptions from liability for ISPs and the notification requirements under the new DSA
11/22/2022
How UK and EU strong customer authentication rules differ
In recent months clear differences have begun to emerge between the two as authorities in the UK and EU have begun to update their respective SCA requirements.
11/22/2022
European regulator drafts guidelines for ESG fund names
The regulator is particularly focused on whether it makes sense to have quantitative thresholds for the minimum proportion of investments needed to support a fund with ESG or sustainability in its name.
11/22/2022
Dentons advises UK government on energy prices measures
Dentons mobilised a team of lawyers from energy, public law, and various other disciplines from across our UK firm to undertake this significant project, which is ongoing.
11/22/2022
FCA unaware how many of its staff worked in financial services
The regulator also does not know how many of its staff members previously worked as financial adviser or for a financial advice firm.
11/21/2022
Addleshaw Goddard: Financial Services & Banking News
This review will inform the FSB’s assessment of the effectiveness of its 2017 policy recommendations to address structural vulnerabilities from liquidity mismatch in open ended funds.
11/21/2022
EU and UK propose stronger NIS incident reporting requirements
All medium-sized and large companies in selected sectors would fall under the legislation.
11/21/2022
Novia cuts platform charges
This charge will be £525 for those firms holding up to £10mn of AUA.
11/21/2022
Irish Central Bank to clarify KIDs reporting obligations for UCITS funds
The standardised documents make it easier for retail investors to compare products to each other and require firms to consider how their products will fare when distilled down to a uniform product description.