Three recent enforcement actions highlight the risks of failing to adhere to representations made to investors regarding ESG and biblically responsible investing strategies.
The upcoming change in US administration is expected to bring about significant priority shifts by the federal
The regulator has significantly rowed back on aspects of the proposals following industry and government feedback.
By Andrea Monks, Rob Moulton, Nell Perks, Anna James, and Charlotte Collins
On 28 November 2024, the FCA published revised
The survey finds that most firms are using AI, but many only have a partial understanding of how the technology operates.
By Becky Critchley and Gary Whitehead
On 21 November 2024, the Bank of England (BoE) and FCA published a
Proposals reflect drive to enhance the competitiveness of the UK regulatory landscape.
By Rob Moulton, Kendall Burnett, Sarah Gadd, Charlie Bowden, and Charlotte Collins
On 26 November 2024, the PRA and the FCA published a joint
The draft guidelines provide further clarification to the EDPB’s interpretation of legitimate interests, and suggest a potential divergence with the UK ICO.
By Gail Crawford, Fiona Maclean, Myria Saarinen, Tim Wybitul, Alice Brunning, and Calum
IT teams will want to contribute to the debate over the FCA’s proposed changes, which could introduce additional complexities and lead to major IT costs for firms.
By Rob Moulton and Becky Critchley
On 15 November 2024, the FCA issued
The new regime will take effect on 1 January 2025, but will not diminish the responsibilities of financial services firms relying on the services of critical third parties.
By Rob Moulton, Fiona Maclean, Alain Traill, and Charlotte
Significant concerns of many groups remain.
By Arthur S. Long, Roman Martinez, Pia Naib, and Jordan R. Goldberg
On September 10, 2024, Federal Reserve Vice Chair for Supervision Michael Barr gave a speech (the Barr Speech) in
The regime will have broad reach, although its implementation will likely take several years.
By Nicola Higgs, Rob Moulton, Becky Critchley, and Charlotte Collins
On 14 November 2024, HM Treasury laid out the future UK regulatory regime
The NPV aims to promote growth and international competitiveness by advancing open banking, re-evaluating the approach to regulating the sector, and continuing the fight against fraud.
By Brett Carr, Christian F. McDermott, and Stuart Davis
On 14 November