Our News · Europe
Cleveland & Co is delighted to announce the appointment of Anne-Marie Botha as Managing Director, Corporate, marking a key milestone in the firm’s continued expansion. Anne-Marie’s appointment reflects our commitment to strengthening the leadership team as we enter our next phase of strategic growth and global scaling. With more than 25 years of senior leadership […]
Our Thinking · Regulatory & Compliance · Europe
Background On 12 September 2023, the Financial Conduct Authority (“FCA”) published a Policy Statement (PS23/13) (the ‘‘Policy Statement’’), outlining its response to the feedback received in the Consultation Paper (CP22/27). The focus is on creating a new set of rules for authorised firms who approve, or intend to approve, financial promotions for unauthorised firms. Currently, […]
Our Thinking · Regulatory & Compliance · Europe
Background On 7 September 2023, the Financial Conduct Authority (“FCA”) published a press release announcing its intention to revise the implementation timeline for enforcing specific rules related to the promotions of cryptoassets. These rules were outlined in the financial promotion rules for cryptoassets (PS23/6), which were published on 8 June 2023 (“Crypto Rules”). Additionally, the […]
Our Thinking · Europe
On 28 June 2023, the UK Law Commission (the “Commission“) issued a Final Report on Digital Assets (the “Report“), providing high level recommendations on how digital assets should be categorised and regulated after receiving public input from a consultation held in 2022. The Commission stated that while the common law framework covers the uprising of […]
Awards & Press · Europe
We are delighted to share that Emma Cleveland has been shortlisted for Legal Advisor of the Year at the Women in Finance Awards 2023! These prestigious awards shine a spotlight on the outstanding achievements of women professionals within the financial services sector. Our commitment to diversity is a cornerstone of Cleveland & Co’s strategic vision, and […]
Our Thinking · Regulatory & Compliance · Europe
The Financial Conduct Authority’s Consumer Duty came into force on 31 July 2023, making it applicable to all new and existing products or services that are open to sale or renewal. Firms must have all the necessary processes and agreements in place to fulfil their obligations under the Consumer Duty… For more information on the […]
Recruitment · Europe
Alex Findlay, Hannah Nguyen and Hailey Kadivar have all been an invaluable part of the team for the past 4 weeks as our interns! Their unwavering commitment and hard work during their time with us have been truly impressive. As they prepare to embark on the next stage of their journey, we took the opportunity […]
Our Thinking · Commercial & Corporate · Europe
On 10 July 2023, the European Commission adopted the new EU-US Data Privacy Framework (the “Framework”). This Framework ensures that personal data transferred from entities in the EU to entities in the US who are signatories to the Framework will receive adequate protection. As a result, personal data can freely flow from the EU to […]
Our Thinking · Europe
In June 2023, the Secretary of State for Science, Innovation, and Technology unveiled the “A pro-innovation approach to AI regulation” policy paper. This paper emphasises the role of AI in bolstering the UK economy through innovation. However, it also acknowledges the emergence of new risks like privacy violations and potential threats to human rights and […]
Our Thinking · Public Funds · Regulatory & Compliance · Europe
In June 2023, the Financial Conduct Authority (“FCA“) issued Policy Statement PS23/7, presenting the finalised regulations and guidance designed to expand retail and pension access to the Long-Term Asset Fund (“LTAF“). After conducting an initial consultation in August 2022 to explore the potential extension of retail access to the LTAF, the FCA considered feedback and […]
When regulation shifts, our General Counsel set out what has changed for your firm and the steps we recommend you take.
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