In December last year, our Insight on the Financial Conduct Authority's (FCA) increasing focus on non-financial misconduct and firm culture in UK noted that a joint publication from the FCA and the Prudential Regulatory Authority (PRA) on this subject was expected this year. While it is still awaited, the numerous...

The Supreme Court has given its unanimous decision in Philipp v Barclays Bank UK plc, overturning the Court of Appeal ruling that had the potential to broaden the scope of the Q uincecare duty of care and which followed an earlier High Court summary judgment. The decision will be seen...

2024 looks set to be another busy year for the commercial real estate industry, with the introduction of biodiversity net gain, a continued focus on building safety, government commitment to transparency of property ownership and intensified demand for sustainable practices within the built environment. Forthcoming legislation is also set to...

In the run up to the new year, long-standing thresholds were amended, the Financial Conduct Authority (FCA) articulated what it expects from investment firms under its new prudential regime, and significant regulatory changes for green funds could be seen on the horizon both in the United Kingdom and European Union...

The Council of the European Union (EU), following extensive negotiation, has adopted amendments to the Alternative Investment Fund Managers Directive (AIFMD) as well as the Undertakings for the Collective Investment in Transferable Securities Directive that are jointly referred to as "AIFMD II". The new rules introduce targeted amendments to several...

HM Treasury policy note on delaying payments processing and draft amending regulations On 12 March 2024, HM Treasury published a near-final version of the Payment Services (Amendment) Regulations 2024, which aim to delay payments processing when there are reasonable grounds to suspect fraud or dishonesty. The publication is part of...

The chancellor of the exchequer's Autumn Statement 2023 this week included a range of proposals and changes for UK pensions. In his speech, the chancellor said he was delivering an "Autumn Statement for growth" and outlined 110 measures to boost British business, including the next steps in the UK pensions...

The long-running saga of the mis-selling of payment protection insurance (PPI) to retail borrowers is still not at an end. Seventeen years on from the Financial Conduct Authority (FCA) first imposing fines for the mis-selling of PPI, the impact of the scandal is still being felt. In just the past...

The Singaporean regulations that apply currently to digital payment tokens (DPTs) mainly address anti-money laundering and counter-terrorism financing risks. DPTs are not regulated for customer safety and soundness or customer protection. The Monetary Authority of Singapore (MAS) has released proposals, detailed in a consultation paper, " Proposed Regulatory Measures for...

The Financial Conduct Authority (FCA) has published a feedback statement on the potential competition impact of Big Tech entry and expansion in retail financial services. The 12 July statement is part of the UK financial regulator's three-year strategy, which was launched in April 2022 to identify the potential benefits and...