Jurisdiction
by Leela|27 July 2023|Our Thinking
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 […]
Read moreby Leela|25 July 2023|Our Thinking
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 […]
Read moreby Leela|20 July 2023|Our Thinking
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 […]
Read moreby Leela|18 July 2023|Our Thinking
On 8 June 2023, the Financial Conduct Authority (“FCA“) published a policy statement on financial promotion rules for crypto assets (PS23/6), which will have an impact on investment firms trading in or active in the crypto markets space. The FCA has recently expressed concern about… Please click here to follow us on LinkedIn to receive […]
Read moreby Leela|21 June 2023|Industry News
The Financial Conduct Authority’s (“FCA“) Consumer Duty will come into force on 31 July 2023. From this date, the Consumer Duty rules will apply to all existing in-scope products or services that are available for sale or renewal. By this date, firms must have all the necessary processes and agreements in place to fulfil their […]
Read moreby Leela|13 June 2023|Our Thinking
The EU General Court has overruled the European Data Protection Supervisor and held that pseudonymised data will not be deemed personal data for the purposes of EU data protection law when transferred to a recipient that is unable to link the pseudonyms to identifiable individuals. This recent ruling is seen as positive news for companies […]
Read moreby Leela|8 June 2023|Our Thinking
Following on from our fourth summary on the Financial Conduct Authority’s (“FCA”) discussion paper titled “Updating and Enhancing the UK Asset Management Regime” (DP23/2), we have produced a fifth and final summary centred on improving the fund rules. The FCA has expressed concern about… Please click here to follow us on LinkedIn to receive the […]
Read moreby Leela|6 June 2023|Our Thinking
Following on from our six-part series on the sustainability disclosure regulations established by the Financial Conduct Authority (“FCA“), we look at UK SDR and other regimes. On 25 October 2022, the FCA released a Consultation Paper on UK Sustainability and Disclosure Requirements (“SDR”) and investment labels (CP22/20). This paper compares… For more information on the […]
Read moreby Leela|18 May 2023|Our Thinking
In our final guide on the sustainability disclosure regulations established by the Financial Conduct Authority (“FCA”), we look at Distributors. The FCA intends to impose a couple of obligations on distributors who offer products to retail investors… For more information on the implementation of UK SDR, Cleveland & Co External in-house counsel™, your specialist outsourced […]
Read moreby Leela|17 May 2023|Our Thinking
In June 2021, the European Union (EU) introduced a new set of Standard Contractual Clauses (“SCCs“) for the purpose of transferring EU personal data. The United Kingdom (UK) implemented its own International Data Transfer Agreement (“IDTA“) for the transfer of UK personal data, and established an Addendum to facilitate the transfer of both UK and […]
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