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FCA reforms decision-making to tackle consumer harm

The FCA has reformed its decision-making process to ensure it can make faster and more effective decisions for consumers, markets and firms.

European Commission’s Proposals for reform of AIFMD, UCITS Directive and the ELTIF regime

Welcome changes or regulatory creep?

HSF Financial Regulation: Daily Update

The Regulation relates to the reporting of credit and market risk information by relevant institutions.

Mandatory reimbursement among proposals to crack down on UK payment scams

The PSR also recommended making reimbursement of APP scam victims mandatory.

FRC warns against ‘neglect’ of Corporate Governance Code

The FCA did note general improvement in disclosures concerning environmental and social issues over the last year – particularly in relation to how they were considered at board-level – but said subscription to diversity and inclusion policies

Yasmin Khan-Gunns takes home two accolades at the Family Law Awards 2021

The Family Law Awards were launched in 2011 to recognise the important work of family lawyers, and celebrate their many successes and outstanding achievements.

New guidance issued by the EDPB on international transfers of personal data

The EDPB announced that itencourages and stands ready to cooperate in the development of a transfer tool, such as a new set of SCCs

European Commission publish proposals on establishing a European single access point

The ESAP is intended to provide an easy centralised point of access to information about financial services, capital markets and sustainability, that entities and competent authorities are required to make public.

ICSID issues final draft of investor-state dispute rule amendments

This has led states and arbitral tribunals to examine in further detail the impact of third-party funding on the current system of investment protection and investor-state dispute settlement.

A chain reaction: the link between diversity and remuneration in financial services

The last decade has seen an unrelenting focus on culture within financial services.

UK Charity Commission closes its case into The Runnymede Trust

The Commission examined whether the trustees of Runnymede had acted in accordance with their legal duties and responsibilities and whether the charity had been engaging in unlawful political activity.

UK Charity Commission Inquiry into Manor Building Preservation Trust Limited

The inquiry was prompted by concerns raised by one of the trustees, including unauthorised trustee remuneration, private benefit and occupation by the trustees of a charity-owned property.

Who governs? UK Supreme Court clarifies applicable law for arbitration agreements in enforcement context

The decision serves, amongst other things, as a caution that, where arbitration is the parties' chosen dispute resolution method, it is in general best practice wherever possible to specify a separate governing law provision for their arbitration agr

Breach Notification Requirement Finalized by US Banking Regulators

The notification may be provided in written or oral form

Infrastructure Legislation Expands US Tax Information Reporting to Cryptocurrency and Other Digital Assets

Congress sought to address this issue in the Infrastructure Investment and Jobs Act (the “Act”), which was signed into law by President Biden on November 15, 2021.

EU plans to change AIFMD, UCITS and ELTIF regimes

Requiring open-ended AIFs and UCITS ManCos to choose at least one LMT (as described in new Annexes to AIFMD and the UCITS Directive).

Individual accountability and the key considerations

The Senior Managers and Certification Regime (SMCR) and other comparable regimes across the globe

Twice as Fast, Twice as Much: New Notice Requirement for Cyber Incidents

36 Hours for Banking Organizations to Notify Primary Regulator of a “Notification Incident” Banking organizations2 must notify their primary regulator, as soon as possible and no later than 36 hours after the banking organization determines th

US Infrastructure Law: Top Impacts on the Digital Asset Industry

The industry will have two years to learn the new requirements and develop systems to ensure compliance.

Latest Changes to Disclosure Pilot Scheme in the Business amd Property Courts of England and Wales

Under the revised rules, the claimant identifies its proposed models for disclosure at the same time that it puts forward its draft list of issues.

Government Regulation