08/21/2023
SEC Proposes New Rules
Proposed Rule Requires Broker-Dealers and Investment Advisers to Eliminate or ‘Neutralize’ Conflicts of Interest
Government Regulation
08/21/2023
All change in the Eastern Caribbean as new CPR comes into force
As a result of the amendments, the CPR has undergone some significant changes
08/21/2023
EEOC Proposes Rules to Implement the Pregnant Workers Fairness Act
The EEOC will have until 29 December 2023 to issue the final regulations once the comment period closes.
08/21/2023
New Saudi ‘insurtech’ rules will help ‘foster innovation’
The Kingdom’s fintech sector sees no sign of slowing up
08/18/2023
Public consultation in the UK
Consultation allows public bodies exercising powers to fully understand and consider the impacts on those affected.
08/18/2023
British heat networks regulation proposals welcomed
Chang said some key aspects to the regulatory framework were not covered by the consultation, including the approach to carbon emissions limits and step-in and safety limits.
08/18/2023
Hong Kong court backs belated serious errors application to set aside enforcement of arbitral award
Hong Kong SAR is a well-known pro-arbitration jurisdiction.
08/18/2023
The UK Bribery Act 2010: principles, offences and penalties
The Act is the UK’s main anti-corruption law.
08/18/2023
German law to promote mass action precedents passes government hurdle
The BMJ said the new law comes amidst a sharp increase in the number of mass action cases being filed in Germany.
08/18/2023
SEC proposes new regulation to address AI conflicts concerns
The SEC simultaneously proposed a similar rule for broker-dealers
08/17/2023
ESMA Statement on Expected Sustainability Disclosures in Prospectuses
The Statement further clarifies that the prospectus should provide the basis for any statements concerning the sustainability profile of the issuer or of the securities issued.
08/17/2023
UK sustainability disclosure standards expected by July 2024
The transition plan disclosures guidance will be informed by the output from the work of the UK Transition Plan Taskforce
08/17/2023
UK building safety regulators ‘unafraid’ to use new enforcement powers
The statement warned building owners that they must undertake remediation work or face enforcement action.
08/17/2023
Federal Labour Court: Equal pay - Follow-up: Published grounds of judgment
Employers should document objective circumstances indicating that the work is not at least of equal value before entering into a contract.
08/17/2023
Round Two: ClientEarth’s second attempt to force Shell Directors to comply with climate change obligations
This application has now also been dismissed
08/17/2023
Progress on implementation of the Irish ELTIF 2.0 offering
Irish Funds has confirmed that the Central Bank proposes to create a standalone ELTIF chapter of the AIF Rulebook
08/16/2023
Key takeaways from draft data regulation issued by China’s CB
PBOC issues the draft Regulation on Data Security Management for PBOC Business Areas for public consultation until 24 August 2023.
08/16/2023
New UK securitisation framework demonstrates new approach to rulemaking
The creation of a new UK securitisation regulatory regime under the FSMA model means that the bulk of the firm-facing provisions will sit within PRA and FCA rules, alongside the new UK Securitisation Regulation.
08/16/2023
Procurement standstill letter feedback set to increase under new draft regulations
The draft regulations propose that contracting authorities should be required to provide each bidder who has submitted a tender with an assessment summary that contains “detailed reasons”
08/16/2023
UK product safety review likely to precede reform
Both consultations are open to feedback until 24 October 2023.