The second half of November has mainly brought updates on environment, social and governance (ESG) developments, both in terms of supervisory steps and new rules in the UK and European Union. Other important developments relate to fund disclosures. The FCA requires action on greenwashing The Financial Conduct Authority (FCA) has...

Digital Markets, Competition and Consumers Bill The UK Digital Markets, Competition and Consumers Bill (DMCCB) has completed its passage in the House of Commons and had its first and second reading in the House of Lords. A new version of the DMCCB has been published, incorporating the amendments passed on...

Nine individuals have had charges brought by the Financial Conduct Authority (FCA) in relation to the promotion of an unauthorised foreign exchange trading scheme on social media. The FCA has solidified its position on the communication of unauthorised financial promotions online by seeking to prosecute the nine individuals (including seven...

The King's Speech took place on 17 July, setting out the new government's legislative agenda. Our Knowledge Lawyers have selected some highlights for businesses from the 39 bills proposed, covering 12 distinct areas including significant reforms to real estate and employment law, data regulation and corporate governance. In general, much...

Summer call to action With the deadline for EU Member States to transpose the NIS 2 security requirements into national law fast approaching, it is important for organisations to ensure they have in place comprehensive security measures to protect their critical systems and services. Fines for non-compliance for essential entities...

The UK government has published its much-anticipated consultation response to its March 2023 white paper on pro-innovation approach to artificial intelligence (AI) regulation. Only days before, the House of Lords communications and digital committee published its own report on large language models (LLMs) and generative AI. The government's consultation response...

The future of financial services is digital and data driven. The promotion of data-driven financial services is a key priority for the European Commission. However, an obstacle for the Commission achieving these objectives is the absence of a framework for responsible access to customer data and the sharing of this...

On 23 May, the Digital Markets Competition and Consumers Act (DMCCA) was passed by Parliament and expected to receive royal assent on 24 May. It not only introduces a new UK digital markets regulation regime, but also makes sweeping changes to the competition rules in the UK, and ushers in...

Binding corporate rules (BCRs) have been referred to by the UK Information Commissioner's Office (ICO) as the "gold standard" transfer tool. The introduction of a new UK BCR Addendum at the end of 2023 has eased the post-Brexit compliance burden and for those considering BCRs covering both the EU and...