News & Insights

Our Thinking · Regulatory & Compliance · Asia Pacific

ACCC’s Draft Guidance for Businesses’ Environmental and Sustainability Claims

On 14 July 2023, the Australian Competition & Consumer Commission (“ACCC”) released ‘Draft guidance for business’ (the “Draft Guidance”), focussed on improving the integrity of environmental and sustainability claims made by businesses, ensuring consumer protection from greenwashing. Under Schedule 2 of the Competition and Consumer Act 2010 (Cth), the Australian Consumer Law (the “ACL”), businesses […]

Leela26 July 2023

Our Thinking · Europe

UK Government’s proactive stance on a ‘‘Pro-Innovation’’ approach to AI Regulation

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 acknowledges the emergence of new risks like privacy violations and potential threats to human rights and […]

Leela25 July 2023

Our Thinking · Public Funds · Regulatory & Compliance · Europe

The Financial Conduct Authority has expanded retail access to the Long-Term Asset Fund

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 initial consultation in August 2022 to explore the potential extension of retail access to the LTAF, the FCA considered feedback and […]

Leela20 July 2023

Our Thinking · Regulatory & Compliance · Europe

New financial promotion rules for crypto assets

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 recently expressed concern about… Please click here to follow us on LinkedIn to receive […]

Leela18 July 2023

Our News

Meet the Team: Q&A with Merve Özbakır

Why did you join Cleveland & Co? I was about to complete my LLM studies at Durham University and Cleveland & Co gave me the opportunity to kickstart my career in the UK while studying in a city so different from London. The flexibility Cleveland & Co provided me with allowed me to dive into […]

Leela10 July 2023

Our News

Applications for our 2024 Training Programme are now open!

Are you ready to embark on an incredible journey towards a successful legal career? Cleveland & Co is thrilled to announce that we are now accepting applications for our Training Programme beginning in February 2024. As part of our Training Programme, you will have the opportunity to work alongside highly skilled legal professionals in the investment management […]

Leela5 July 2023

Our Thinking · Private Funds · Regulatory & Compliance · USA

SEC’s significant amendments to enhance Private Fund Reporting

In May 2023, the Securities and Exchange Commission (“SEC“) approved amendments to Form Private Fund (“Form PF“). This form mandates private fund advisers and large hedge fund advisers to disclose information about their regulatory assets under management to the Financial Stability Oversight Council (“FSOC“). The purpose of this requirement is to monitor risks to the […]

Leela27 June 2023

Our Thinking · Regulatory & Compliance · USA

FRC’s Proposed Revisions of the UK Corporate Governance Code

In May 2023, The Financial Reporting Council released the UK Corporate Governance Code consultation document (the “Consultation“). The Consultation presents proposed changes to the UK Corporate Governance Code (the “Code“). The launch of the Consultation was prompted by the government’s request to improve certain aspects of the Code, which was initiated after last year’s consultation […]

Leela22 June 2023

Our Thinking · Regulatory & Compliance · Europe

FCA’s Consumer Duty – Is your firm ready?

The Financial Conduct Authority’s (“FCA“) Consumer Duty will come into force on 31 July 2023. From this date, the Consumer Duty rules will apply to all existing in-scope products or services that are available for sale or renewal. By this date, firms must have all the necessary processes and agreements in place to fulfil their […]

Leela21 June 2023

Our Thinking · USA

SEC Files Charges against Binance and Founder

On 5 June 2023, the U.S. Securities and Exchange Commission (“SEC”) issued a press release announcing that it has filed 13 charges against Binance Holdings Ltd. (“Binance”) and its founder Changpeng Zhao, claiming that they engaged in activities that amount to an “extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion […]

Leela20 June 2023

Hear it from a General Counsel

When regulation shifts, our General Counsel set out what has changed for your firm and the steps we recommend you take.