All Insights
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Commercial
What does English law say an insurer 'knows'?
A recent decision has explored whether information given to claims handlers is deemed to be known by underwriters
Commercial
UK Court of Appeal considers when an agreement can be novated by conduct
Changing a party to an agreement should be viewed as a novation not a variation, and a 'no dealing' clause
Financial Services
Financial Reporting Council reforms strengthen decision-making over UK audit quality
Changes to the Audit Enforcement Procedure aim to ensure high-profile audit failures are given proper scrutiny
Financial Services
Singapore proposes regulation for digital payment token services
Asset segregation, lending and staking, and incentive restrictions are the main reforms raised in a recent MAS paper
Blockchain
Exploring the EU MiCAR crypto-asset transfer service
The new EU rules specify 10 crypto-asset services and our MiCAR 'deep dive' series opens with a look at transfer
Dispute resolution
Does 'a prudent uninsured' still need the insurer's consent to settle with a third party in England and Wales?
Recent case highlights potential waiver issue for insurers telling the insured to act as a prudent uninsured
Financial Services
UK Upper Tribunal restricts the FCA's interpretation of consumer redress schemes
The UK financial regulator's powers are not unfettered if their imposition would produce absurd results
The Building Safety Act
How does the Building Safety Act 2022 impact lending in England?
The overhaul of the safety regime for high-rise residential buildings in England introduces new considerations for lenders
Financial Services
UK consults on reform to anti-money laundering supervision
Four potential models include a proposal for a single supervisor that would significantly impact financial service firms
Regulatory Outlook
Fintech, digital assets, payments and consumer credit | UK Regulatory Outlook July 2023
FCA letter to cryptoasset firms on changes to financial promotion rules | Parliamentary inquiry into lending to SMEs and access
Financial Services
Chancellor reaffirms UK move towards a 'smarter regulatory framework'
Mansion House speech supports post-Brexit rewrite of the financial services rulebook and payments industry reforms
Financial Services
UK boosts consumer protection against authorised push payment fraud
New rules on reimbursing victims are likely to have significant industry impact