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Hong Kong Proposes Climate Risk Management Guidelines for Banks

In this Legal Update, we highlight key aspects of the Draft Guidelines and takeaways for AIs considering how to approach these new proposals in Hong Kong.

Financial Regulation: Daily Update

The European Union Agency for the Cooperation of Energy Regulators (ACER) has published the 6th edition of its guidance on the application of the Regulation on wholesale energy market integrity

The International Stock Exchange - new Listing Rules

In order to increase TISEA's competitive position in respect of bonds issued under programmes, lifetime fees will be charged which will vary according to specific circumstances.

Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes

The CBI has made a number of key changes to Chapter 6 on 'Governance', placing the main focus on the board's responsibility in ensuring effective governance and AML / CFT compliance.

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Pensions and Climate change: the Pensions Regulator’s draft guidance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

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