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Financial Regulation: Daily Update

A feedback statement, setting out next steps, will follow in 2022.

UK data protection law reform advocates ‘privacy management’

The government is also proposing to tackle “over-reporting” of personal data breaches by increasing the threshold for notifying the ICO of such incidents.

Watchdog fines companies for sending 354 million nuisance messages

These companies should have known better.

Cookie law faces revamp under UK data reforms

Cookies are small text files that record internet users' online activity.

Tech companies shape UAE data law

A new data law is to be introduced in the UAE.

SEC Surpasses $1 Billion in Awards to Whistleblowers with Two Awards Totaling $114 Million

The SEC has awarded approximately $1 billion to 207 individuals since issuing its first award in 2012.

Analysis: How trade laws could stymie growth in ESG-focused exports

Spak and Lynd explain the need for a change in the regulatory framework to accommodate the increasing number of benefit corporations and, more broadly, ESG principles in trade law.

Property boss banned after taking £4.7m from investors

Based on the site of a former convent at Woodchester, near Stroud, the complex would include a hotel, music venue, members club and spa.

Transferring Data under the new Standard Contractual Clauses

There will only be one set of SCCs going forward, which can be adapted by omitting modules that are not relevant.

Data protection for investment funds domiciled in the British Virgin Islands

In addition to governing how a data controller processes, uses and retains personal data, the Act also sets out the rights of individuals to control their personal data and implements a series of offences and enforcement measures designed to ensure compli

Supervisory measures and penalties in relation to financial holding companies

Once approved, relevant holding companies will become responsible for ensuring their group meets consolidated prudential requirements and that they continue to meet the approval criteria.

The Paris Agreement’s Conciliation Annex: If Not Now, Then When?

They examine the nature and potential of conciliation in the context of climate change disputes

Rachel Guthrie sworn in as the latest Notary Public at Mourant

As a Notary Public, Rachel, Alison and Rob are able to authenticate and certify documents, transactions and information for use anywhere in the world.

Ogier's Environmental Impact Policy

This policy sets out Ogier's approach to improving its environmental performance beyond its legal obligations and will be updated as we develop our approach to environmental sustainability.

Family Limited Partnerships for US connected families in the UK

An FLP is typically transparent for income tax in the US and UK and for UK CGT.

Data Protection Act Enters Into Force in the BVI

It also applies to non-BVI entities that use equipment in the BVI for processing personal data otherwise than for the purposes of transit of data through the BVI.

The U.S. Infrastructure Bill and Cryptocurrency Regulation

One such newly proposed cryptocurrency regulation is included as a provision of the $1 trillion bipartisan infrastructure bill moving through Congress.

European Parliament to debate new rules on litigation funding

The European Parliament's Legal Affairs Committee wants to create a set of rules regulating third party litigation funding (TPF) in the EU. On 15 June, it published a draft report (PDF/238 KB) with recommendations for the European Commission.

Consumer Investments: Strategy and Feedback Statement

We set out our view of consumer harm in this market and our 3-year strategy to address this.

German Federal Court of Justice decision: Finally more legal certainty regarding influencer marketing

Now the German Federal Court of Justice had the opportunity in three similar cases to deal with the open questions.

Government Regulation