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Financial Services
Funds legal update | UK regime review, ESG and Europe's sustainable finance roadmap
Welcome to our latest Funds Legal Update.
Regulatory and compliance
Contractors of the administration can now apply for a revision of prices in their contracts due to the increasing cost of materials
On 2 March 2022, Royal Decree-Law 3/2022, of 1 March, on measures to improve the sustainability of road freight transport
Regulatory and compliance
New legal obligations imposed for virtual asset service providers in Belgium
Rules coming in force on 1 May 2022 will have a huge impact for affected virtual asset service providers who
Banking and finance
Return of the APP Hydra: Quincecare liability rears its head again
Court of Appeal potentially expands scope of application of the Quincecare duty to individuals giving instructions on their own account
Regulatory and compliance
Advertising Standards Authority consults on alcohol alternatives guidance
To plug a perceived gap in its current guidance, the regulator has launched a consultation on new rules for advertising
Online Safety
Government introduces Online Safety Bill in Parliament and announces Online Advertising Programme consultation
Following a steady trickle of announcements of changes to the draft Bill, the government has introduced the Online Safety Bill
Corporate
Are you ready for mandatory TCFD reporting in the UK?
The UK government has published guidance to help companies prepare climate-related financial disclosures
Intellectual property
Russia retaliates against sanctions by curtailing foreign owners' IP rights
Legislation has been passed allowing goods to be exempted from intellectual property protection and compulsory licensing without compensation
Real estate
New beneficial ownership register for overseas entities holding UK real estate – 10 things you need to know
Overseas entities affected by the new legislation should assess their position now as the deadline for compliance is just six
Regulatory and compliance
Ukraine war: Further sanctions imposed and related steps taken by the UK government
Government designates additional sanctions targets, extends export bans and intends to stop Russian oil imports
Corporate
UK government sets out plans for new prospectus regime
A simpler, more agile regime will improve access to UK markets and provide financing options that are not currently viable
Regulatory and compliance
The UK plastic packaging tax: are you ready?
Manufacturers and importers of plastic packaging face a new green tax