All Insights
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Financial Services
UK Financial Reporting Council consults on revisions to its Ethical Standard
Further reporting and independence obligations will strengthen compliance and audit trust
Blockchain
Cryptocurrency tokens: should they be treated as a 'security' based on manner of sale?
A Singapore view on XRP and LUNA-UST tokens following two US judgments on Securities and Exchange Commission cases
Banking and finance
UK regulator's guidance for financial promotions on social media set for revamp
The overhaul aims to keep pace with the rapidly changing online landscape while tackling non-compliant and illegal ads
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
Energy and Energy Transition
Dutch government shifts policy on solar panels on farmland
To minimise the impact on nature, solar parks on agricultural land will be restricted.
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
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