11/21/2022
Australia to increase civil penalties for breaches of competition and consumer law
The Bill also proposes amending the CCA to broaden the application of the unfair contract term (UCT) provisions.
Government Regulation
11/21/2022
Global supply chains remain volatile despite improvements
Clare Francis of Pinsent Masons said that constant planning and review was required to allow businesses to adapt to external changes.
11/18/2022
Autumn Statement 2022: UK chancellor pulls ‘rabbit from hat’ on infrastructure and energy funding
The chancellor said £40bn would be raised over the next six years through the revised energy profits levy
11/18/2022
Autumn Statement 2022: UK chancellor unveils reforms to Solvency II regime
She added: “Expectations on the impact on insurer pricing were mixed, with some positive but others not expecting prices to reduce. The cut is not expected to have any significant impact on insurers’ appetite to reinsure longevity risk.”
11/17/2022
New UK guidelines place stricter rules on age-restricted online campaigns
The UK is seen leading the way in its efforts to protect children online
11/16/2022
Banks told to strengthen borrower monitoring procedures after Arena collapse
Account management lacked active oversight and robust control processes and automated transaction monitoring and data capabilities were insufficient
11/15/2022
New private sector playbook aims to tackle construction industry’s productivity problem
This compares negatively to the average 2.8% productivity growth across the period for the whole UK economy, and the 3.9% growth seen in manufacturing specifically.
11/15/2022
GDPR: December Deadline on Rule Changes for Ex-EU Data Transfer Arrangements
Organisations should now review their existing data transfer arrangements and develop an action plan for transitioning to the New SCCs before the December 2022 deadline.
11/15/2022
NAIC Adopts List of Regulatory Considerations Impacting Insurance Company Investors
Under state insurance law, “control” of an insurer is presumed to exist if a person directly or indirectly owns, controls, or holds with the power to vote 10% or more of the voting securities of the insurer.
11/15/2022
Latham & Watkins Advises Thomson Reuters in Acquisition of SurePrep
A multidisciplinary deal team represents the business information services provider.
11/15/2022
ESG: ESAs confirms delay to proposed amendments to SFDR RTS
The ESAs has announced a delay in its review of PAI indicators and SFDR financial product disclosures.
11/14/2022
How easy is it to agree a sustainability-linked loan?
The LMA guidance suggests that KPIs should be 'relevant, core and material to the borrower’s overall business
11/11/2022
UK businesses get help on climate transition plans
The TPT is comprised of representatives from across business, academia, civil society, government and regulators. It is tasked with developing standards in relation to net zero transition plans under the government’s broader green finance roadmap.
11/11/2022
ASA to take tougher stance over net zero and carbon neutral claims in UK ads
Brand and marketing experts at Pinsent Masons have warned of an increased burden on businesses to be clear about the claims they are making.
11/11/2022
UK Retained EU Law Bill’s impact on intellectual property
EU law has had a profound impact on the UK legal system relating to IP, including harmonisation around trade mark, design and copyright law.
11/11/2022
“Spent” golden contract means enterprise zone allowances disallowed
EZAs were valuable deductions from corporation tax or income tax for expenditure incurred in specified zones intended to encourage development and regeneration where there might otherwise not have been.
11/11/2022
UK payment services and e-money firms urged to embrace consumer duty
The financial regulatory body considers that the duty supports and strengthens its goal of seeing customers and customer outcomes at the heart of a firm’s business. It views payment services as having a crucial role in this.
11/11/2022
Paid promotions guide issued for social media platforms, brands and influencers
The new suite of guidance comes after a CMA investigation identified concerns that some social media influencers were not clearly disclosing when they had been paid or incentivised to promote goods or services.
11/10/2022
Indonesia publishes guideline on how to invest sustainable ocean-related projects
Blue finance refers to investment in projects which protect the ocean environment and help sustainable ocean economic activities.
11/10/2022
UK and non-EU businesses to face more uncertainty in GDPR data breach reporting
Under article 27 of the GDPR, those controllers or processors must “designate in writing a representative in the Union”, subject to limited exceptions.