by Leela | 2023-10-05 | Our Thinking
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...
by Leela | 2023-09-26 | Our Thinking
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...
by Leela | 2023-09-22 | Events, Industry News
The first of its kind for Cleveland & Co! On Wednesday 20 September 2023, we hosted our first-ever CEO Roundtable: Chief Executives Connect, led by Tanja Listar, where we engaged in insightful discussions, forged valuable connections, and savoured a delicious...
by Leela | 2023-09-18 | Our Thinking
Background On 28 August 2023, the Australian Securities and Investments Commission (“ASIC”) released its 2023-2027 corporate plan (with a focus on 2023-2024). On 29 August 2023, the Australian Prudential, and Regulatory Authority (“APRA”) released its 2023-2024...
by Leela | 2023-09-13 | Our Thinking
On 5 September 2023, Australia’s Parliament passed the Financial Accountability Regime Bill 2023 (”FAR”), which replaces and expands on the previous Banking Executive Accountability Regime. The FAR applies to insurers, banks, and superannuation providers, and...
by Leela | 2023-09-04 | Our Thinking
On 27 June 2023, the Australian Treasury issued a second consultation paper titled “Climate-related financial disclosure”. This release builds upon a prior consultation and is in line with the Australian Government’s dedication to creating...
by Leela | 2023-08-29 | Our Thinking
On 7 August 2023, The Australian Treasury released an exposure draft. This draft invites stakeholders to participate in a consultation process regarding proposed exemptions for Australian Financial Services Licences that would apply to foreign financial services...
by Leela | 2023-08-25 | Awards, Our News, Us in the Press
We are thrilled to announce that Cleveland & Co has been selected as a finalist for Strategic Legal Operations Team of the Year at The British Legal Awards 2023! These prestigious, premier legal awards represent ‘the best of the best’ within the UK’s legal...
by Leela | 2023-08-24 | Our Thinking
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...
by Leela | 2023-08-15 | Our Thinking
Artificial intelligence (“AI”) is rapidly growing and bringing positive changes to various aspects of life, but concerns regarding potential risks are also emerging. The Australian government has been prioritising ethical considerations while advancing...
