06/21/2022
Belgium: Competition Authority sets out key priorities for 2022
The BCA acknowledges that the Belgian economy has continued to suffer from the consequences of the Covid-19 pandemic in 2021.
Government Regulation
06/21/2022
Preparing for the PRIIPs KID for UCITS
A PRIIPs KID is a short pre-sale disclosure document aimed at providing retail investors with the information necessary to make an informed investment decision.
06/21/2022
CSSF AML/CFT reporting tool: first reporting period approaches
Information on the availability of these reports for subsequent financial years will be provided in a dedicated CISERO FAQ.
06/20/2022
UK to delay implementation of Pillar Two
The government has confirmed that it will put back the implementation of Pillar Two rules in the UK until 31 December 2023
06/20/2022
Hong Kong SFC seeks to bolster investor compensation remedies as part of a package of enforcement-related reforms
As the SFC is the driving force behind these proposed reforms, there is little doubt that, once granted, they will be quick to use their new powers, significantly impacting the enforcement landscape in Hong Kong.
06/20/2022
FCA: single UK listing regime would remove complexity and boost competitiveness
The discussion paper is just that: the proposals are likely to be refined in response to industry feedback
06/20/2022
UK firms told to expect ‘increasingly active’ FCA amid cost-of-living crisis
The FCA said its expectations for lenders were based on existing principles and guidance but added that its new consumer duty, expected later this year, will finalise any changes to rules to improve consumer outcomes.
06/17/2022
Pensions Casebook - Silentnight Group DB Scheme
This case summary forms part of the Burges Salmon Pensions Regulatory Casebook. We provide analysis including practical considerations and high level commentary
06/17/2022
Sturgeon’s Scottish independence strategy could be ‘significant departure’ from 2014
The analysis notes that the UK is outperformed by comparator countries
06/17/2022
Do you own your art?
Ownership in this case turns on the application of a single, technical procedural rule:
06/16/2022
New Nationality and Borders Act may have ‘significant impact’ on travel to UK
The visa penalty provisions in the Act can also be enforced against countries that the government believes pose a “risk to international peace and security.
06/16/2022
Sanctions update: strict liability test comes into force with revised guidance from OFSI
UK regulator OFSI sets out its approach to new rules imposing a strict liability test for breaching the sanctions regime
06/16/2022
The new UK competition law rules for supply and distribution agreements - a limited departure from the previous EU approach
The idea behind the EU VBER was to exempt certain categories of agreement from the prohibition in Article 101(1) of the Treaty on the Functioning of the European Union ("TFEU") (which is equivalent to the Chapter I prohibition in UK law).
06/16/2022
Strict liability test for sanctions breaches come into force
As a result, companies may now face civil liability for inadvertent breaches of financial sanctions, including where due diligence has been carried out and there was no “reasonable” cause to suspect a breach.
06/16/2022
The death of FFP, the birth of FSR - Net Equity Rule
UEFA announced last year that it intended to replace the FFP Regulations with a new set of rules
06/16/2022
Regulatory Margin – June 2022 Update
Linklaters acted as drafting counsel to ISDA on the "Next Generation" IM documentation
06/15/2022
FCA Proposes to Unify the Listing Regime for Commercial Companies Under a Single Listing Segment
The regulator continues its Primary Markets Effectiveness Review to promote the competitiveness of a UK listing.
06/15/2022
Extensions to EMIR temporary intragroup exemptions and PSA exemption
Also on the topic of temporary derogations, the exemption from clearing for EEA pension schemes is due to expire imminently on 18 June 2022.
06/15/2022
EU debates how to apply travel rule to cryptoassets
The proposals have raised concerns in the industry about how cryptoasset service providers could comply with the rule in practice.
06/15/2022
Widening the Net of Regulation of Retail Credit Firms in Ireland
An RCF will also have to comply with the Central Bank's fitness and probity regime when applying for authorisation, and on an ongoing basis.