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Barclays fined £783,800 for oversight failings

The FCA publicly censured Premier FX in February 2021 for failing to safeguard its customers’ money and seriously misleading its customers about the services it was authorised to provide.

Herbert Smith Freehills: Financial Daily Regulation Update

The report provides information on the substance of the Recommendation, such as the legal form of the measure and the type of financial institutions covered

Adjusted right to work check update

This update is welcomed as it will allow employers the continued flexibility to undertake right to work checks remotely, in respect of those who are outside the scope of the online right to work checking service.

Mandatory climate-related financial disclosures by large UK corporates: government guidance issued

The Regulations essentially amend the Companies Act 2006 provisions regarding the contents of the strategic report.

No-fault divorce transforms separation in England & Wales

The current divorce procedure will continue to apply until the reforms under the new law take effect.

Important Implications for claims on behalf of insolvent Companies against former Directors

For a liquidator of an insolvent company with few assets, the prospect of having to provide security can act as a significant deterrent to bringing the claim in the first place or to continuing with the claim once the court orders the company to provide s

Enhanced financial services regulatory powers proposed for Singapore

This enhanced ability to issue prohibition orders will enable MAS to take a consistent sector-wide approach when taking enforcement action against misconduct.

Evaluating Investment Opportunities: The Confidentiality Agreement stage and (6) key points to note.

The approach of “opting-out” of receiving personal data is often proposed in the course of negotiating the terms of an NDA.

Rights and principles proposed to guide digital transformation

The Commission is hoping to have the draft declaration signed by summer 2022.

The EU Commission's proposal for a directive on corporate sustainability due diligence

The Proposed Directive aims to foster the sustainable and responsible behaviour of in-scope companies operating in the European Union (the EU) throughout their global value chains.

Firms told to review recruitment processes ahead of new UK code of practice

All employers in the UK have a responsibility to prevent illegal working by conducting a simple right to work check on potential employees.

EU's sustainability due diligence law will have 'broad scope of application' in the ESG space

The consideration of human and environmental rights should be understood as part of their duty to act in the best interest of the company, the Commission said.

EU moves to limit foreign access to cloud data

These latest Commission plans would apply similar restrictions to the transfer of, and foreign access to, EU-held non-personal data for the first time.

NDAs in the Channel Islands – Enforcement, Limitations and Ethical Considerations

This would leave the employee with the choice of either bringing a claim in the Employment and Discrimination Tribunal, with all its attendant stress and uncertainties, or walking away from that claim.

Key issues and trends in series financing transactions from a BVI and a Cayman Islands law perspective

The absence of exchange controls, tax neutrality and the ability to close transactions electronically, among other things, have continued to drive the popularity of the BVI and the Cayman Islands as jurisdictions of choice in these types of transactions.

UK Government Launches Consultation on Adopting a New Comprehensive Framework Aimed at Enhancing Cyber Security of Businesses

This Legal Update discusses two areas the proposals focus on and notes the deadlines for submitting responses.

Government Regulation