by Emma Cleveland|12 March 2018|Our News
We were extremely proud to sponsor and attend City Hive’s International Women’s Day celebrations on Thursday 8 March. Emma attended the flagship event which discusses work/life balance and gives women in the sector a chance to network.
Read moreby Emma Cleveland|7 March 2018|Our Thinking
On 30 January 2018, the Court of Appeal provided important guidance on the interpretations of exclusion clauses in the case of fraud in Interactive E-Solutions v O3B [2018] EWCA Civ 62. This case shows the Court’s changing approach towards exclusion clauses, with the acceptance that such clauses are an integral part of pricing and risk allocation […]
Read moreby Emma Cleveland|5 March 2018|Our Thinking
The Court of Appeal in the Kason Kek-Gardner Ltd v Process Components Ltd [2017] EWCA Civ 2132 assessed and made a decision regarding the business efficacy test for implying a term in the context of an alleged breach of confidentiality provisions in an intellectual property licence. Please click below for more information.
Read moreby Emma Cleveland|1 March 2018|Industry News
The Financial Conduct Authority (“FCA”) has published a call for feedback on a possible global regulatory sandbox, seeking views on: the potential global reach of the sandbox, what a global sandbox could look like and what the regulatory challenges might be. GLOBAL SANDBOX The FCA, alongside other regulators in other jurisdictions, wish to create the […]
Read moreby Emma Cleveland|23 February 2018|Industry News
On 8 February 2018, the Information Commissioner’s Office (“ICO”) and the Financial Conduct Authority (“FCA”) issued a joint statement on the General Data Protection Regulation (“GDPR”), which will come to force on 25 May 2018 (the “Relevant Date”). The statement is the result of firms’ addressing their concerns to both the ICO and the FCA […]
Read moreby Emma Cleveland|14 February 2018|Us in the Press
There has been a 65% jump in the number of firms referred to the Regulatory Decision Committee, suggesting an acceleration in FCA investigations. Information provided to us by the FCA shows there were 476 firms in 2017 that were referred to the Regulatory Decisions Committee (RDC) in 2017*, a significant rise from the 289 in 2016. […]
Read moreby Emma Cleveland|8 February 2018|Our Thinking
With a current valuation of £6.6 billion, the UK FinTech market is rapidly transforming the way consumers access the financial services sector. To ensure long-term success, the UK aims to position itself at the forefront of the FinTech evolution. In November 2017, TheCityUK published a guide (the “Guide”) to partnering between FinTechs (primarily start-ups) and […]
Read moreby Emma Cleveland|30 January 2018|Our Thinking
On 30 October 2017, the High Court (the “Court”) assessed and made a decision regarding contracts via email and the care that must be taken when entering pre-contract negotiations. Goel and another v Grant and another [2017] EWHC 2688 (Ch) (the “Goel Case”) identified the risk of inadvertently entering into a binding contract before terms are finalised. […]
Read moreby Emma Cleveland|14 December 2017|Our News
UK asset managers will not have comply with a stringent new personal accountability regime until mid-2019 at the earliest, the local regulator has indicated. The announcement from the Financial Conduct Authority gives welcome breathing space to asset managers as they grapple with a host of regulatory priorities, such as Mifid II and General Data Protection […]
Read moreby Leela|11 December 2017|Industry News
On 24 November 2017, the Joint Committee of the European Supervisory Authorities (the “Committee”) issued a statement (the “ESAs Statement”) acknowledging the challenges of the requirement under the European Market Infrastructure Regulation (“EMIR”) to collateralise physically settled foreign exchange (“FX”) forwards, faced by certain end-users of these types of derivatives.[1] The ESAs Statement also sets […]
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