News & Insights

ASIC enforcement priorities: greenwashing, fund product design and distribution

by Victoria Smith|19 February 2023|Our Thinking

summary The Australian Securities and Investments Commission (“ASIC”) outlined its enforcement priorities on 3 November 2021 and has increased its surveillance and enforcement focus on fund managers, superannuation trustees and responsible entities more recently, amongst its other priorities, on greenwashing and product design, and distribution obligations… next steps for firms Financial firms should review and […]

US SEC takes action over Gemini Earn crypto asset lending program

by Victoria Smith|16 February 2023|Our Thinking

summary On 12 January 2023, the U.S. Securities and Exchange Commission (“SEC”) announced that it has charged Genesis Global Capital, LLC (“Genesis”) and Gemini Trust Company, LLC (“Gemini”) over unregistered offer and sale of securities to retail investors through Gemini Earn crypto asset lending program. The SEC’s investigation into the program revealed that… next steps […]

FCA proposals to improve access to financial advice on investing into mainstream products

by Victoria Smith|15 February 2023|Our Thinking

background On 30 November 2022, the Financial Conduct Authority (“FCA”) published a Consultation Paper (the “Consultation Paper”) CP22/24 on proposals to broaden access to financial advice for mainstream products. These proposals are part of the FCA’s wider effort to make it easier for consumers to access financial advice and to ensure that the advice they […]

UK: FCA’s SDR: Firms and products in scope of the proposals

by Victoria Smith|9 February 2023|Our Thinking

The UK’s Financial Conduct Authority’s (“FCA“) recently published a Consultation Paper on the Sustainability Disclosure Requirements (“SDR”) and investment labels, aims to tackle greenwashing as part of the growing need for sustainability-related investments. The aim of SDR is to mitigate against firms making exaggerated and/or misleading claims about the level of sustainability of their products/services… […]

UK: Modern Law Awards – Leela Fair nominated for Lawyer of the Year

by Victoria Smith|6 February 2023|Awards

We are delighted to announce that Leela, Fair Managing Director EMEA, has been nominated for Lawyer of the Year at the forthcoming Modern Law Awards. The Modern Law Awards aim to identify and celebrate the very greatest talent and success stories in the UK legal sector. Leela is a well-respected and trusted leader of our […]

Meet the Team: Q&A with Antonia Manti

by Victoria Smith|2 February 2023|Our News

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 […]

UK: FCA’s Consumer Duty: Deadline approaching

by Victoria Smith|2 February 2023|Our Thinking

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 […]

UK: FCA’s SDR: Guide to the proposed requirements

by Victoria Smith|1 February 2023|Our Thinking

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 […]

Meet the Team: Q&A with Sonica Choudhary

by Victoria Smith|24 January 2023|Our News

As part of our ‘Meet the Team’ series, we are delighted to feature Sonica Choudhary, our HR adviser who celebrates her first anniversary with Cleveland & Co this week! To celebrate Sonica’s first year with us, we sat down to ask her a few questions about her experiences at Cleveland & Co and what she […]

Cleveland & Co finalists in photography competition celebrating women in law

by Victoria Smith|23 January 2023|Our News

We were delighted to be named a finalist in The Next 100 Years photography competition. The Next 100 Years are an organisation who are dedicated to achieving equality for women in law. The photography competition’s mission was to celebrate ‘The Way We Are’ and our photograph, entitled ‘Express Yourself’ was chosen to be featured in […]