Recruitment · Europe
As part of our ‘Meet the Team’ series, we are delighted to feature Antonia Manti, from our Legal team who celebrates her first anniversary with Cleveland & Co this week! Antonia has had an eventful first year with us; she was our first person to undertake our secondment programme and last year, spent 3 months […]
Our Thinking · Regulatory & Compliance · Europe
On 31 July 2023, the FCA’s new Consumer Duty comes into force. The Consumer Duty sets higher standards of consumer protection across retail financial services and represents what the FCA terms a “paradigm” shift in its expectations of firms. The Consumer Duty comprises three tiers; a new FCA Principle 12, three overarching cross-cutting obligations, and […]
Our Thinking · Regulatory & Compliance · Europe
Following on from our previous article on the FCA’s Consultation Paper on the Sustainability Disclosure Requirements and investment labels, please subscribe below to access our handy print and keep guide for all the key information you need to know about the proposed changes, including an ‘at a glance’ timeline of when the proposed requirements are […]
Our Thinking · Commercial & Corporate · Europe
Recent changes to the EU’s standard contractual clauses (“New SCCs“) plus the UK addendum to the New SCCs means firms must review their current arrangements and determine whether replacement agreements are necessary before the 21 March 2024 deadline. We’ve set out below the key points firms need to know about the changes and how we […]
Our Thinking · Commercial & Corporate · Europe
summary On 3 October, at the Conservative Party conference (the “Conference”), the UK government outlined a revised plan for its reform of the UK General Data Protection Regulation (“GDPR”). Organisations can expect the UK government to propose amendments to the Data Protection and Information Bill (the “Bill”) or to restart the process of reform altogether… […]
Our Thinking · Regulatory & Compliance · Europe
background On 25 October 2022, the Financial Conduct Authority (“FCA”) published its Consultation Paper CP22/10 (“Consultation Paper”) on the Sustainability Disclosure Requirements (“SDR”) and investment labels. The FCA’s proposals aim to build transparency and trust by introducing: labels to help the consumer navigate the market for sustainable investment products; sustainable related terms, ensuring the naming […]
Our Thinking · Commercial & Corporate · Europe · USA
summary In March 2022, the European Union (“EU”) Commission and the United States (“US”) announced that they had agreed, in principle, on a new EU-US Data Privacy Framework (the “Framework”) to facilitate the transatlantic flow of EU personal data to the US. In October 2022, President Biden signed an Executive Order setting out the steps […]
Our Thinking · Regulatory & Compliance · Europe
summary On 1 November 2022, the Financial Conduct Authority (“FCA”) published a speech by Therese Chambers (Director of Consumer Investments, FCA) on key priorities for the financial services industry. In its speech, the FCA stated that it wanted to see more consumers investing their money safely and that the new Consumer Duty (“CD”) and the […]
Recruitment · Europe
Josie has been an invaluable part of the team for the past 6 weeks as our HR intern and how the time has flown by! Josie is soon to return to Chicago, and so as she comes to the end of her time with us, we sat down to ask her a few questions about […]
Our Thinking · Commercial & Corporate · Europe
In 2022, the UK ICO released topic-specific guidance on employee monitoring. The guidance was published in draft form and is open to consultation until 11 January 2023. The ICO reviewed the Employment Practices Data Protection Code to reflect changes in the workplace and technological advances. The purpose of the guidance is to inform employers how […]
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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