UK Knowledge Collection | Payments regulation, employment law consultations, and asset recovery

Payments regulation, employment law consultations, and asset recovery

The government's recent announcement that it will be abolishing the Payment Systems Regulator comes as part of its ongoing stated aim to reduce the regulatory burdens on business and stimulate growth. The impact of this announcement is assessed in our Insight.

A new consultation on mandatory ethnicity and disability pay gap reporting has opened. It will inform proposals in the government's forthcoming Equality (Race and Disability) Bill, announced in the King's Speech. The government has stated that it is "keen to minimise additional burdens on businesses" and therefore intends to use the same processes and systems that are already in place for gender pay gap reporting. Our Insight looks in more detail at the proposal, and at other recent employment law developments (including a green paper seeking views on reforming benefits).

Our update on cross-border enforcement and asset recovery discusses a number of recent court decisions, including on the extra-territorial reach of, proper test for, and breach of freezing orders, the willingness of English courts to grant anti-suit injunctions in support of foreign-seated arbitrations, and more. It also considers how a bill proposing to recognise digital assets as personal property could affect legal certainty and certain equitable defences already available under English law.

Recent Insights

UK Employment Law Coffee Break

The employment law round-up looks at the government's consultations on race and disability pay gap reporting and benefits reform, increased tribunal awards from April, DSARs and a pensions spotlight on automatic enrolment thresholds and retirement adequacy.
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UK payments watchdog to be axed in move to simplify regulatory burden on business

The government has announced plans to abolish the Payment Systems Regulator and consolidate its responsibilities into the FCA.
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Private market valuations come under UK financial regulator's microscope

An FCA multi-firm review has found strong practices across the industry and highlighted areas for improvement in private market valuations – with more regulatory scrutiny for private fund managers to follow.
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UK Fraud, Asset Tracing and Enforcement Update

Recent developments in relation to fraud, enforcement and asset recovery issues, including case law and the progress of the Property (Digital Assets etc.) Bill.
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The Energy Transition

Covering the UK's transition to net zero, including the Planning and Infrastructure Bill's progression through Parliament, publication of Ofgem's technical decision document on the UK's long-duration electricity storage scheme, and more.
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Upcoming Events

Dipping into Data | A focus on advertising and marketing

22 April | 16:00-16:30

Recent data protection developments affecting the world of advertising and marketing.
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