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 | 2023-08-24 | 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 | 2023-08-10 | Awards
We are delighted to share that Emma Cleveland has been shortlisted for Legal Advisor of the Year at the Women in Finance Awards 2023! These prestigious awards shine a spotlight on the outstanding achievements of women professionals within the financial services...
by Leela | 2023-08-03 | Industry News
The Financial Conduct Authority’s Consumer Duty came into force on 31 July 2023, making it applicable to all new and existing products or services that are open to sale or renewal. Firms must have all the necessary processes and agreements in place to fulfil...
by Leela | 2023-07-28 | Our News, Recruitment
Alex Findlay, Hannah Nguyen and Hailey Kadivar have all been an invaluable part of the team for the past 4 weeks as our interns! Their unwavering commitment and hard work during their time with us have been truly impressive. As they prepare to embark on the next stage...
by Leela | 2023-07-27 | 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...
by Leela | 2023-07-25 | 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...
by Leela | 2023-07-20 | 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...
by Leela | 2023-07-18 | 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...
