All Insights

Blockchain

Law Commission launches digital assets consultation

UK businesses involved in crypto-token transactions have an opportunity to shape the future regulation of crypto-assets
Financial Services

UK financial watchdog tells firms to review 'buy now, pay later' promotions

All 'buy now, pay later' products must comply with financial promotion rules or risk enforcement action, FCA warns
Real estate

Gym tenant and guarantor held liable for rent despite restructuring plan

UK judgment is a prompt for landlords to consider all angles to maximise rent recovery in harsh economic conditions
Financial Services

FCA improves its appointed representative regime amid UK consumer-harm concerns

The changes will specify more precisely a principal's responsibility for and oversight of ARs and what this means in practice
Financial Services

Fund managers may urgently need to register express trusts with HMRC

The deadline to sign up is imminent, with exclusions unlikely to apply for trusts set up by Limited Partnership Agreements

Financial Services

Financial Conduct Authority identifies supervisory priorities for alternatives

Actions speak louder than words and the UK regulator wants firms to embed a culture to promote the initiatives
Tax

HMRC deadline looms for registering express trusts: what's changing?

Which trusts are now required to register, what are the deadlines and what are they required to disclose?
Financial Services

UK's new consumer duty confirmed with testing timelines

Financial services firms have more time to implement newly unveiled final Principle 12 rules – but the clock is ticking

Banking and finance

Proposal for a Directive of the European Parliament and of the Council amending Directive 2011/83/EU regarding financial services contracts concluded at a distance

The proposal aims to simplify and modernize the legislative framework by repealing Directive 2002/65/EC (on distance marketing of consumer financial

Financial Services

Funds Legal Update | July 2022

Welcome to a new edition of our Funds Legal Update
Regulatory Outlook

Consumer credit and payments | Regulatory Outlook July 2022

Outcome of HM Treasury consultation on changes to anti-money laundering rules | PSR sets out the details for its work
ESG, sustainability and responsible business

Enforcement risk rises for UK financial services firms over 'greenwashing'

Instances of enforcement action over greenwashing allegations increase as the regulatory regime on sustainability claims develops