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Disclosure requirements and product labels among FCA ‘greenwashing’ proposals

The labels reflect different sustainability objectives – rather than being a hierarchy with one label regarded as better than another.

Bermuda Insights: Regulatory & Risk Advisory

The Notices permitted entities to make representations to the ROC for the ROC to decide whether the actions taken by the entity are adequate to meet the economic substance requirements or whether further enforcement action is required.

Data disposal – risk management

Organisations must ensure that the period for which the personal data is stored is kept to a strict minimum, with clear time limits for erasure

U.S.-listed companies will soon be required to adopt compensation clawback policies

Dodd-Frank Act-mandated rule will apply to foreign private issuers and emerging growth companies

New ASA rules will force gambling brands to rethink ad campaigns

It said marketers should ask where a character they plan to use originates from

Trading of SillaJen stocks has renewed in two years and five months after the decision not to delist the company

The Capital Markets Group of Dentons Lee, led by Partner Ghil-Won Jo, with assistance of Attorneys Weon-Jae Yang and Yun-Sil Jang, thoroughly analyzed the situation and rendered comprehensive legal advice.

Stephenson Harwood partners with litigation intelligence provider Solomonic

Users have the ability to track more than 60,000 claims, 130,000 parties and 5,000 law firms, as well as glean insights on case prospects and past litigant behaviour.

Dutch money laundering amendments to prompt greater AI use in transaction monitoring

The Council of State was unusually critical about the lack of data protection safeguards in a previous draft of the Act.

Pensions disputes: Ombudsman addresses out of time complaints

A cashflow analysis established that, on the facts in place at the time, the scheme would run out of funds within a year.

US SEC releases new rule on executive compensation clawbacks

This new rule dovetails with the DOJ's efforts to target individual actors who may be viewed as responsible for corporate wrongdoing.

Germany temporarily relaxes insolvency law

The new rules will be implemented by the previous Covid 19 Insolvency Suspension Act

BVI VASP Update: A Two Step Approach

Although the final text of the new VASP Act is not yet published, the definitions of a VASP and a virtual asset service in the draft law currently mirror those in the AMLR and Code and are not expected to change.

Insolvent Trusts: the Order of Priority is……

There were insufficient funds to meet the claim, let alone those of other creditors.

Guernsey introduces a summary civil forfeiture procedure: what does this mean for trustees?

The summary procedure will apply where assets in a Bailiwick bank account have been the subject of "no consent" for at least a year.

Response to FCA's publication of consultation on sustainability disclosure requirements

Although the FCA's proposal are not inconsistent with the EU SFDR, the proposals are fundamentally different to the EU SFDR requirements.

Technology companies’ impact on financial services competition studied by FCA

The FCA’s views were set out in a new discussion paper that explores the potential competition impacts of the entry and expansion into retail financial services markets by major technology companies.

Education: Office for Students announces new regulatory requirements to tackle harassment and sexual misconduct in higher education

The OfS will conduct the consultation in early 2023, with the aim of finalising the condition in time for universities and colleges to comply with the new requirements by the start of the next academic year.

Government Regulation