News & Insights

FCA proposes UK Sustainability Disclosure Requirements and investment labels

by Victoria Smith|12 January 2023|Our Thinking

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 […]

EU-US data privacy framework

by Victoria Smith|10 January 2023|Our Thinking

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 […]

US developments in ESG regulation: Impacts for firms

by Victoria Smith|14 December 2022|Our Thinking

Recent regulatory action and fines against a top investment firm highlight the Securities and Exchange Commission (“SEC”) focus on ESG when marketing products as an ESG investment. Firms that fail to ensure proper selection and monitoring of their ESG investments may face regulatory action under the Advisers Act of 1940… Please click here to follow us […]

FCA publishes speech on key priorities for the financial services industry

by Victoria Smith|12 December 2022|Our Thinking

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 […]

Q&A with our Legal intern, Natalie Nilson

by Victoria Smith|6 December 2022|Our News

Natalie is another of our fantastic interns who has sadly come to the end of her internship with us. Natalie has ably assisted our legal team for the last 6 weeks and impressed the whole firm with her presentation skills! Natalie is soon to return to the States, and so before she left Cleveland & […]

Q&A with our HR intern, Josie Hutson

by Victoria Smith|2 December 2022|Our News

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 Sydney office celebrates it’s first anniversary!

by Victoria Smith|25 November 2022|Our News

Our Sydney office celebrates its first year of operation this month and what a journey we’ve had! As our new MD, Tanja Listar joins, we are very much looking forward to seeing what the next year brings and are excited to bring you further Sydney news over the coming months. Thank you to all our clients who […]

UK Regulators propose framework to mitigate risks posed by critical third parties

by Victoria Smith|24 November 2022|Our Thinking

summary On 21 July 2022, HM Treasury, with the Bank of England, the Financial Conduct Authority (“FCA”) and the Prudential Regulation Authority (“PRA”), issued a discussion paper (the “Paper”), setting out its proposal for mitigating risks of systemic disruption and strengthening of critical third party (“CTP”) services in the UK financial sector. The Paper also […]

SEC Marketing Rule – impacts on your business

by Victoria Smith|22 November 2022|Our Thinking

The SEC’s new Marketing Rule means changes to the way investment advisers can communicate with their investors. Firms will need to ensure they are compliant with the new Marketing Rule by making updates to their marketing materials, contracts and policies and procedures. At Cleveland & Co, we’ve been preparing to assist our clients with these […]

Tanja Listar joins our Sydney office as Managing Director, Asia Pacific

by Victoria Smith|21 November 2022|Our News

Today, we are delighted to officially welcome Tanja Listar to the Cleveland & Co team as our new Managing Director, Asia Pacific! Tanja brings with her over 20 years of experience in the financial services sector and has a passion for client service. Tanja joins us as the Sydney office reaches the milestone of its first year […]