Jurisdiction
by 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 […]
Read moreby Victoria Smith|10 May 2023|Industry News
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 […]
Read moreby Leela|4 May 2023|Our Thinking
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. […]
Read moreby Leela|3 May 2023|Our Thinking
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 […]
Read moreby Leela|2 May 2023|Our Thinking
In the fifth instalment of our series of six comprehensive guides on the FCA’s sustainability disclosure regulations, we focus on the Anti-Greenwashing Rule. The FCA’s proposal in the Consultation Paper provides rules in which firms will need to take into consideration in order to prevent greenwashing of products and services… For more information on the […]
Read moreby Leela|27 April 2023|Our Thinking
Expanding on our previous overview of the Financial Conduct Authority’s (“FCA”) consultation paper titled “Updating and Enhancing the UK Asset Management Regime” (DP23/2), which focused on improving the way the asset management regime works, we have produced a subsequent summary that emphasises the structure of the asset management regulatory regime. The asset management regulatory regime […]
Read moreby Leela|25 April 2023|Our Thinking
The next Consumer Duty deadline is quickly approaching. This is a regulatory requirement in the UK that aims to ensure that consumers receive fair treatment from financial services providers. By 30 April 2023, manufacturers of financial products and services should have completed…
Read moreby Leela|25 April 2023|Industry News
We are delighted to be launching a new series that will focus on Key Contract Cases in 2023. Through this, we will be providing brief snapshots of the significant contract law cases that have emerged this year and key takeaways that businesses can learn from them on how to navigate the legal complexities that arise […]
Read moreby Victoria Smith|20 April 2023|Our Thinking
The FCA has recently published its Business Plan for 2023/24 which aims to set out its strategic priorities for the year ahead. The Business Plan acknowledges that potential uncertainty will remain in the economic and geographical environment, highlighting key uncertainties identified by the FCA such as increased interest rates and inflation, market volatility, unemployment, and […]
Read moreby Victoria Smith|19 April 2023|Our Thinking
In this fourth of our six deep-dive guides into the FCA’s sustainability disclosure requirements, we’re looking at product and entity level disclosures and detail what the FCA require firms to provide in each… For more information on the implementation of UK SDR, Cleveland & Co External in-house counsel™, your specialist outsourced legal team, are here […]
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