by Leela|5 July 2023|Our News
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 […]
Read moreby Leela|27 June 2023|Our Thinking
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 […]
Read moreby Leela|22 June 2023|Our Thinking
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 […]
Read moreby Leela|21 June 2023|Industry News
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 […]
Read moreby Leela|20 June 2023|Our Thinking
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 […]
Read moreby Leela|14 June 2023|Our News
Yesterday, our London team joined thousands of others from across the legal industry to take part in the London Legal Walk – an annual event that unites legal professionals to support access to justice for all. We enjoyed glorious sunshine as we walked through the heart of London to raise vital funds to support free […]
Read moreby Leela|13 June 2023|Our Thinking
The EU General Court has overruled the European Data Protection Supervisor and held that pseudonymised data will not be deemed personal data for the purposes of EU data protection law when transferred to a recipient that is unable to link the pseudonyms to identifiable individuals. This recent ruling is seen as positive news for companies […]
Read moreby Leela|8 June 2023|Our Thinking
Following on from our fourth summary on the Financial Conduct Authority’s (“FCA”) discussion paper titled “Updating and Enhancing the UK Asset Management Regime” (DP23/2), we have produced a fifth and final summary centred on improving the fund rules. The FCA has expressed concern about… Please click here to follow us on LinkedIn to receive the […]
Read moreby Leela|6 June 2023|Our Thinking
Following on from our six-part series on the sustainability disclosure regulations established by the Financial Conduct Authority (“FCA“), we look at UK SDR and other regimes. On 25 October 2022, the FCA released a Consultation Paper on UK Sustainability and Disclosure Requirements (“SDR”) and investment labels (CP22/20). This paper compares… For more information on the […]
Read moreby Leela|1 June 2023|Our Thinking
The Australian Securities and Investments Commission (“ASIC“) has revised Regulatory Guide 78, which deals with breach reporting by AFS licensees and credit licensees (“RG 78“), in response to implementation challenges within the regulatory regime. Taking into account feedback from industry stakeholders, ASIC has introduced these changes to provide… Please click here to follow us on LinkedIn to […]
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