Our Thinking · Regulatory & Compliance · Europe
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 […]
Our Thinking · Regulatory & Compliance · Europe
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 […]
Our Thinking · Commercial & Corporate · Europe
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 […]
Our Thinking · Public Funds · Regulatory & Compliance · Europe
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 […]
Our Thinking · Regulatory & Compliance · Europe
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 […]
Our Thinking · Regulatory & Compliance · Europe
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 […]
Our Thinking · Commercial & Corporate · Europe · Asia Pacific · USA
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 […]
Our Thinking · Regulatory & Compliance · Europe
The Markets in Crypto-assets Regulation (MiCA) framework was first introduced in 2020 as a proposal to regulate crypto-asset markets in the European Union It is due to come into effect by mid-2024 and so crypto-assets issuers and crypto-assets service providers will need to start preparing for the regulatory requirements. We’ve set out […]
Our Thinking · Public Funds · Regulatory & Compliance · Europe
In our fourth summary on the Financial Conduct Authority’s (“FCA“) consultation paper titled “Updating and Enhancing the UK Asset Management Regime” (DP23/2), we build on our previous overview on the structure of the asset management regulatory regime, by highlighting how significant technology and innovation are in financial markets and the operations of financial services firms. […]
Our Thinking · Regulatory & Compliance · Europe · Asia Pacific · USA
On 12 April 2023, the European Supervisory Authorities (“ESAs“) – comprising the European Securities and Markets Authority (“ESMA”), the European Insurance and Occupational Pensions Authority (“EIOPA”), and the European Banking Authority (“EBA”) – published a joint consultation paper. The paper proposes amendments to… Please click here to follow us on LinkedIn to receive the latest […]
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