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Consumer protection: UK proposals point to increased enforcement risk

The proposals form part of a broader package of reforms, which include a number of planned changes to the UK’s competition law regime.

The UK competition and merger control frameworks are set to change

The government is now consulting on its proposals to take forward some of the recommendations raised previously.

Updates to European Facilities Agent Requirements

As a result of the pending regulatory updates, this function can now be performed by a single entity, without the need to appoint multiple agents in each relevant member state.

Laundering of funds misappropriated from the Russian Treasury: closure of proceedings and partial forfeiture of assets

The forfeiture of a sum equivalent to more than CHF 4 million has, however, been ordered.

IOSCO consults on ESG Ratings and Data Providers

To inform its work, IOSCO undertook a fact-finding exercise that revealed, amongst other risks and challenges, a lack of transparency about the methodologies underpinning ratings or data products and an often uneven coverage of products offered across ind

Pensions and Climate change: the Pensions Regulator’s draft guidance

The DWP consultation on this statutory guidance has prompted tPR to produce its own, covering both its monetary penalties policy (as applied to non-compliance with the Regulations) and on the steps tPR expects schemes to take and report on in their annua

Trust Essentials: July 2021

The past year has been a difficult and unsettling one for many.

Ireland Update: Gender Pay Gap Information Act 2021

These requirements are likely to apply from 2022.

Enforcing English judgments in the EU following Brexit

The guide looks in particular at recognition of judgments of English courts given under both exclusive jurisdiction clauses

CSSF clarifies MiFID application to Luxembourg investment fund managers

Should this not be the case, and an IFM delegates one or more functions included in the collective portfolio management to another authorised IFM, or to a third-party, this exemption will not apply, and the IFMs that delegate part of their functions shall

Old dog, new tricks - Complaints under the OECD Guidelines for Multinational Enterprises

While recent years have seen the non-judicial grievance mechanism established to hear complaints against multi-nationals under the Guidelines become increasingly prominent, there is still room for stakeholders to improve awareness and understanding of the

KPMG Regulatory Horizons

The outlook for financial services regulation.

Cross-border distribution of collective investment undertakings: implementation in Italy of EU rules

Most of the collective investment undertakings are sold in the home country of establishment and cross-border distribution is still too limited.

European Commission Proposed Green Bond Standard

The proposed Regulation aims to make the EU's financial system more sustainable by creating a 'gold standard' for green bonds that can be compared to, and potentially aligned with, other market standards.

Almost Time for Term SOFR

The different reference sources, day-count conventions, and publication calendars for Term SOFR and SOFR Averages are explained, and recommendations are given regarding key loan conventions.

Triple Point ruling clarifies rights to claim liquidated damages for delay

In the Supreme Court’s view, the Court of Appeal’s interpretation of the liquidated damages clause in the contract between PTT and Triple Point had been wrong.

Singapore and the UK commit new financial services cooperation

The two countries signed two agreements

Caribbean Cayman Regulatory Update - Q3 2021

The BVI have introduced a new package of legislation to provide a robust framework for anti-money laundering

Sustainable Financing and ESG Investment

We examine key implications for asset managers and financial institutions of the EC’s Action Plan on Financing Sustainable Growth.

Jersey - the REIT choice for UK property investment

We have prepared this note in order to set out some initial information and considerations in relation to the use of a real estate investment trust (“REIT”) which will list on The International Stock Exchange (formerly known as the Channel Isl

Government Regulation