A recent decision in the Scottish courts offers a stark warning of the need to consider issues of legal privilege at an early stage when conducting an internal investigation. In an article for HR Magazine, John Bracken and Paul Harrison explain what this means in practice for employers.
Effective from 2 October 2023, Ukraine has ushered in a series of substantial amendments to its Advertising Law, aimed at modernizing advertising regulations and harmonizing them with the EU Audiovisual Media Services Directive.
Our London Financial Services Regulatory Group recently hosted a webinar where they discussed recent developments about the Mansion House Reforms presented by the Chancellor in July 2023 and what they mean for the industry. We are pleased to share with you a recording of this webinar, for the benefit of those who weren’t able to catch it.
Demanding macroeconomic and geopolitical factors have led borrowers in the leveraged finance market to pursue alternative arrangements, but our lawyers suggest there are signs of a brighter outlook in the UK. In this article, our lawyers provide a market overview and outlook, explore alternative sources of capital and examine product-specific developments and regulatory reform, and benchmark change in ESG, digital bonds, CMBS maturity wall, Secured Overnight Financing Rate and uptiering transactions.
On 11 October 2023, Ashley Alder, Chair of the FCA, delivered a speech on the FCA’s priorities for updating and improving the UK regulatory regime for asset managers. Covering a number of interesting angles, the speech sets out a sketch of the FCA’s vision for the UK asset management regime going forward, and includes some helpful clarity for the industry about the direction of regulatory reform. The speech highlights in particular the following priorities for reform: ensuring a more proportionate approach to the regulation of AIFMs; updating the retail funds regime; and supporting technological innovation in the sector.
On 11 October 2023, Ashley Alder, Chair of the FCA, delivered a speech on the FCA’s priorities for updating and improving the UK regulatory regime for asset managers. Covering a number of interesting angles, the speech sets out a sketch of the FCA’s vision for the UK asset management regime going forward, and includes some helpful clarity for the industry about the direction of regulatory reform. The speech highlights in particular the following priorities for reform: ensuring a more proportionate approach to the regulation of AIFMs; updating the retail funds regime; and supporting technological innovation in the sector.
The Digital Services Act imposes wide-ranging and transformative obligations on online intermediaries and platforms. As has been well-publicized over the last few months, the most onerous obligations and tighter deadlines for compliance fall on services designated by the Commission as very large online platforms or very large online search engines. However, all online platforms and online search engines were required to publish information on their user figures earlier this year, and all online intermediaries in scope should be preparing for full compliance in February 2024.
The Spanish National Court annulled the evaluation system of newly approved medicinal products set up in 2020 by the Spanish Ministry of Health because the system was created without following the legally established procedure and was approved by a body that did not have the authority to do so. The court states that the Therapeutic Positioning Reports cannot be considered as a mandatory instrument for the evaluation of medicines prior to the financing decision and clarifies that the Spanish Agency of Medicines and Medical Devices has the exclusive competence to issue such reports. The annulment of the Plan is expected to shorten the timeframe for financing new medicinal products.
This publication features the latest Employment developments in Italy, including updates in relation to whistleblowing, electric cars, relocation of employees and more.
The FCA’s final rules for cryptoasset financial promotions, published in June 2023, will take effect from Sunday, 8 October 2023. Those marketing in-scope cryptoassets to UK consumers, including those based overseas, will need to ensure without delay that preparations are in place for the start of the rules.