Financial services newshttps://www.pinsentmasons.com/shared-content/rss-feed/outlaw-financial-servicesFinancial services news and updates from Pinsent Masonsen-GBPinsent Masons60{E96A6747-2827-488A-8AA5-3631067A30CE}https://www.pinsentmasons.com/out-law/analysis/court-signals-increased-scrutiny-of-insolvency-application?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesCourt of Session signals increased scrutiny of insolvency applicationRecent decisions from the Court of Session in Scotland have indicated that the court will apply careful scrutiny to applications made by officeholders.Thu, 28 Mar 2024 14:17:03 Z{CB3D63FF-ACF8-4B30-B295-92AE8CEC25D6}https://www.pinsentmasons.com/out-law/news/tax-not-included-first-phase-welsh-tribunal-system?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesTax not included in first phase of Welsh tribunal system unificationThe Welsh government’s recently published summary of responses to its consultation on plans to create a unified tribunal system for Wales indicate tax disputes are unlikely to be included in the first phase of unification, a tax expert has said.Thu, 28 Mar 2024 11:14:10 Z{B47163EE-D4A5-485B-ACFE-D44F244F3255}https://www.pinsentmasons.com/out-law/news/broad-scope-for-building-liability-orders-highlighted-by-ruling?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesBroad scope for building liability orders highlighted by rulingA new ruling shows how construction contractors facing claims for defective building works in England or Wales might seek a ‘building liability order’ (BLO) against other defendants to reduce their financial exposure, an expert in building safety and construction dispute resolution has said.Thu, 28 Mar 2024 10:23:53 Z{EB5CC53D-FD38-47E5-835F-AB18A5C609E8}https://www.pinsentmasons.com/out-law/analysis/what-planned-irish-company-law-reforms-mean-for-businesses?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesWhat planned Irish company law reforms mean for businessesProposed changes to company law in Ireland would provide greater clarity and flexibility regarding day-to-day business operations, audit regimes and insolvency and restructuring processes, as well as bringing about more robust corporate surveillance and enforcement, if enacted.Tue, 26 Mar 2024 12:31:52 Z{EBC7CC0A-61AC-4EB4-922D-5CE2459D3626}https://www.pinsentmasons.com/out-law/news/irish-tax-treatment-of-some-intra-group-payments-to-change?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesIrish tax treatment of some intra-group payments to change from 1 AprilMultinational businesses operating in Ireland have been advised to check whether new anti-avoidance tax provisions will soon apply in respect of certain payments they make to group companies based in other jurisdictions. Mon, 25 Mar 2024 10:14:00 Z{2194F790-531E-45D8-A676-0080D98159E8}https://www.pinsentmasons.com/out-law/news/hong-kong-sar-international-arbitration-centre-statistics-reveal-record-highs?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesHong Kong SAR's international arbitration centre statistics reveal record highsCase statistics from the Hong Kong International Arbitration Centre (HKIAC), the leading dispute resolution organisation in the Hong Kong Special Administrative Region (SAR), have revealed a record high in the amounts in dispute across the arbitrations the HKIAC saw in 2023. Mon, 25 Mar 2024 03:40:42 Z{6613F015-EEAD-4DE9-94BE-C743EEC62411}https://www.pinsentmasons.com/out-law/analysis/pension-ombudsman-addresses-withdrawal-processes?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesPension Ombudsman addresses withdrawal processes and investment fund communicationsIn recent determinations, the UK’s Pension Ombudsman (PO) agreed with the approach of providers to processing a tax-free withdrawal and to communicating a member’s retirement options. A third case gives some insight into how the Ombudsman may form a view where there is a lack of evidence.Fri, 22 Mar 2024 16:23:42 Z{57795B54-C496-4605-B937-023F16D8F8B4}https://www.pinsentmasons.com/out-law/news/changes-lgps-reporting-requirements-stimulate-growth?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesUK Budget 2024: changes to LGPS reporting requirements to ‘stimulate growth’ announcedJeremy Hunt provided more detail around measures affecting the local government pension scheme (LGPS) during his UK Budget but “transparency for transparency’s sake” may not provide the best outcome for pension scheme members, an expert has said.Fri, 22 Mar 2024 16:16:03 Z{26E0B765-20D2-4406-B680-5E5DA52066FC}https://www.pinsentmasons.com/out-law/analysis/ai-moves-dial-addressing-tech-change-in-outsourcing-contracts?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesAI moves the dial on addressing tech change in outsourcing contractsAI and other technological advances promise to lower the costs suppliers incur in delivering services to customers over the lifetime of outsourcing contracts. Customers will want to consider what contractual levers they can pull to ensure they also benefit when the supplier saves.Fri, 22 Mar 2024 12:48:38 Z{6C27944F-419F-4FEF-8CF0-6C45EE8AE31F}https://www.pinsentmasons.com/out-law/news/irish-central-bank-proposed-changes-consumer-protection-code?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesIrish Central Bank issues proposed changes to consumer protection codeRevisions to Ireland’s consumer protection code (CPC) detailed in a recently published Central Bank consultation paper reflect a modernisation of the code and address current regulatory priorities, including protecting consumers from risks posed by digitalisation and scams, an expert has said.Fri, 22 Mar 2024 11:34:57 Z{A71100AA-2160-447E-9AF9-3D4058169C13}https://www.pinsentmasons.com/out-law/news/uk-government-consults-on-reforms-to-money-laundering-regulations?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesUK government consults on reforms to money laundering regulationsThe UK Treasury has opened a consultation on improving money laundering regulations and reducing burdens on legitimate customers.Fri, 22 Mar 2024 11:29:56 Z{C1F3FF7D-097F-49F5-8909-72D70F5007D6}https://www.pinsentmasons.com/out-law/news/fca-publishes-business-plan-reminding-firms-of-focus-areas?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesFCA publishes business plan reminding firms of focus areasThe UK’s Financial Conduct Authority (FCA) has published its business plan for 2024-25, providing an accessible and useful reminder to firms in the financial sector of the FCA’s ongoing regulatory focus areas, an expert has said.Thu, 21 Mar 2024 14:28:51 Z{D58A60E6-DD1F-44A2-8FE2-308662F33AD0}https://www.pinsentmasons.com/out-law/news/pay-scrutiny-absence-of-uk-bankers-bonus-cap?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesPay decision-making facing added scrutiny in absence of UK bankers’ bonus cap Chris Evans tells HRNews about a product designed to help firms avoid disputes over payment of discretionary bonusesThu, 21 Mar 2024 09:44:58 Z{46A46F97-9FB7-429B-8676-B6A58DC5B5CB}https://www.pinsentmasons.com/out-law/news/out-law-legal-litigation-funding-bill-proposed-to-reverse-uk-paccar-ruling?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesLitigation funding bill proposed to reverse UK PACCAR rulingDraft legislation introduced before the UK parliament on Tuesday should, if passed, make it easier to enforce third-party litigation funding agreements that link the fees litigation funders receive to the damages parties are awarded by courts, according to experts in litigation and legal costs.Wed, 20 Mar 2024 16:27:45 Z{E55EE38E-BB62-49B8-9456-02641C231CF9}https://www.pinsentmasons.com/out-law/guides/corporate-crime-risk-economic-crime-and-corporate-transparency-act?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesFailure to prevent fraud under the UK's Economic Crime and Corporate Transparency ActThe UK’s Economic Crime and Corporate Transparency Act 2023 (the Act) has reformed the law of corporate criminal attribution for a wide range of economic crimes and introduced a new offence of corporate failure to prevent fraud offences by persons associated with a business.Wed, 20 Mar 2024 15:44:22 Z{D6A40773-9257-4C02-A008-2C801D3A346C}https://www.pinsentmasons.com/out-law/analysis/pension-buy-outs-discharging-dc-assets-on-winding-up?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesPension buy-outs: discharging DC assets on winding-upPension scheme buy-outs are increasingly popular in the UK pensions market as a way for trustees to offload the risk of funding and paying for members’ benefits.Wed, 20 Mar 2024 15:14:15 Z{0E2EC9D0-0D51-4106-86E6-AC721FE7509A}https://www.pinsentmasons.com/out-law/news/china-issues-guidance-for-generative-ai-service-providers?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesChina issues guidance for generative AI service providersThe National Cybersecurity Standardisation Technical Committee in the People’s Republic of China has released a document outlining basic security requirements for generative artificial intelligence (AI) services. Wed, 20 Mar 2024 12:21:14 Z{A9FE3874-5F6A-448E-9DE2-2890C28BB5F5}https://www.pinsentmasons.com/out-law/news/fca-emphasises-need-for-transparency-in-regulatory-approach?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesFCA emphasises need for transparency in regulatory approachA recent update from the UK’s Financial Conduct Authority (FCA) indicates that it is likely to pursue greater transparency even outside any enforcement investigation, posing some challenges for firms, an expert has said.Wed, 20 Mar 2024 12:08:32 Z{A160217C-A3CE-4116-B776-CFE6E4BCF2C6}https://www.pinsentmasons.com/out-law/analysis/ip-rights-can-help-irish-companies-scale-up-their-business?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesIP rights can help Irish companies scale up their businessIntellectual property (IP) rights can help Irish businesses build a competitive advantage. This is because an effective IP strategy can deter or slow down competitors, as well enable the rights holder to protect its market share and stop infringements.Wed, 20 Mar 2024 09:13:36 Z{996B95E3-53BC-42FC-926E-39193D800368}https://www.pinsentmasons.com/out-law/news/sexism-in-the-city-report-fs-sector?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesSexism in the City report calls for culture change in FS sector Kieron O’Reilly tells HRNews about conducting organisational culture reviewsTue, 19 Mar 2024 15:32:32 Z{A22C90C1-6797-4571-AC29-612B53B532A6}https://www.pinsentmasons.com/out-law/news/csddd-clears-late-hurdle-but-with-watered-down-terms?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesCSDDD clears late hurdle but with watered down termsFewer businesses will be subject to EU laws prescribing tighter scrutiny of supply chains than was originally envisaged after late amendments to the proposed new Corporate Sustainability Due Diligence Directive (CSDDD) were endorsed by law makers.Mon, 18 Mar 2024 17:13:35 Z{D1C86302-5267-42B4-A5D8-5E5669792B1F}https://www.pinsentmasons.com/out-law/news/changes-to-singapore-employment-law-significantly-impact-workforce?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesChanges to Singapore employment law could significantly impact workforceEmployers should proactively consider recently announced updates to Singapore’s employee retirement and re-employment age, and employment pass (EP) salary thresholds, to minimise potential disruptions to their day-to-day operations when the changes take effect, an employment law expert has said.Mon, 18 Mar 2024 15:49:15 Z{5C84F5BC-84F3-4EAC-A653-610D3270CA74}https://www.pinsentmasons.com/out-law/news/european-central-bank-outsourcing-warning-uk-financial-firms?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesEuropean Central Bank outsourcing findings give warning to UK financial firmsA recently published newsletter from the European Central Bank’s Single Supervisory Mechanism has revealed just 12% of material outsourcing contracts are compliant with EU outsourcing regulations, as UK financial institutions urged to ensure compliance by an industry expert.Fri, 15 Mar 2024 14:44:20 Z{46ED8D73-949D-4C2C-8DCF-758DF3B1479A}https://www.pinsentmasons.com/out-law/analysis/foreign-representatives-right-pursue-potential-claims-australia?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesRuling recognises foreign representatives’ right to pursue potential claims in AustraliaA recent ruling in Australia has provided a precedent for foreign insolvency representatives to explore the pursuit of claims in Australia and the recovery of proceeds of such claims for the benefit of creditors.Fri, 15 Mar 2024 14:09:39 Z{9E24C836-608A-41AD-A4D0-54D6B31080EA}https://www.pinsentmasons.com/out-law/news/india-uae-bilateral-investment-treaty?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesIndia, UAE promote investor confidence with bilateral investment treatyThe recently signed bilateral investment treaty (BIT) between India and the United Arab Emirates (UAE) is expected to facilitate investments in both countries and foster foreign direct investment (FDI) opportunities, international arbitration experts say.Fri, 15 Mar 2024 11:10:12 Z{9FCE0A80-F199-410E-8D34-D163F199FC7A}https://www.pinsentmasons.com/out-law/analysis/oecd-approach-amount-b-milestone-global-tax-challenge-remain?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesOECD approach to ‘Amount B’ a milestone but global tax challenges remainThe OECD has updated its guidelines on transfer pricing to reflect a new approach that has been developed for calculating ‘Amount B’, which concerns how profits within a group for baseline marketing and distribution activities are attributed for tax purposes across jurisdictions.Thu, 14 Mar 2024 16:19:04 Z{219C4292-2CB5-4117-81B9-E6BB8CA579EB}https://www.pinsentmasons.com/out-law/news/challenge-raised-irish-central-banks-pcf-interview-process?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesSuccessful challenge raised to Irish Central Bank’s PCF interview processA successful legal challenge to the Central Bank of Ireland’s pre-approval controlled function (PCF) interview and decision-making process has several important implications for the fitness and probity assessments of people in senior positions in the financial sector, a legal expert has said. Thu, 14 Mar 2024 16:10:08 Z{5433EDC6-C77B-45D1-B596-E16072CD8813}https://www.pinsentmasons.com/out-law/analysis/impact-of-retained-eu-law-reforms-on-data-protection?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesImpact of retained EU law reforms on data protectionData protection law in the UK is in a state of change, with uncertainty for organisations arising from recent reforms to retained EU law and the prospect of further reforms to follow as the Data Protection and Digital Information (No. 2) Bill proceeds through parliament.Thu, 14 Mar 2024 15:42:56 Z{62A76690-A49A-4B5F-8971-C332D9486489}https://www.pinsentmasons.com/out-law/analysis/international-arbitration-global-developments-current-trends?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesInternational arbitration: global developments and current trendsArbitration continues to develop as the dispute resolution mechanism of choice for global entities in many business sectors, offering parties in dispute the commercial certainty of a final, binding and enforceable decision.Thu, 14 Mar 2024 12:28:12 Z{B8739C73-F591-4579-99E9-FFE57EF3EDDE}https://www.pinsentmasons.com/out-law/analysis/fdi-screening-germany-dropped-slightly-2023-trends-stable?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesFDI screening in Germany dropped slightly in 2023 but trends are stableForeign direct investments (FDI) into Germany benefit the economy, however certain FDI may present risks to Germany’s security and public order.Thu, 14 Mar 2024 11:59:52 Z{68A94592-28C0-40D2-BDE5-2982E2316444}https://www.pinsentmasons.com/out-law/analysis/environment-arbitration-middle-east-evolving?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesHow the environment for arbitration in the Middle East is evolvingA widespread programme of modernisation of arbitration institutions, arbitration rules, and local legislation in the Middle East, will encourage an increasing number of businesses to resolve their disputes in the region.Thu, 14 Mar 2024 11:50:36 Z{956862F1-5F2B-4E00-8AD3-AF6128DFE679}https://www.pinsentmasons.com/out-law/analysis/recent-cases-arbitration-france?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesRecent cases have shaped arbitration in FranceRecent rulings by the courts in France have highlighted the scrutiny arbitrators can come under over perceived conflicts of interest, the challenges successful parties in arbitration can face in enforcing arbitral awards that give rise to issues of international public policy, and how French arbitration law can still be considered the governing law of an arbitration agreement even when parties have selected another country’s law to govern their contract.Thu, 14 Mar 2024 11:15:30 Z{DBC850FE-0C4B-4756-B2EC-46761BBBC3F7}https://www.pinsentmasons.com/out-law/news/iba-guidelines-require-firms-arbitrators-change-disclosures-approach?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesNew IBA guidelines require firms and arbitrators to change disclosures approachNew guidelines issues by the International Bar Association (IBA) will require parties, counsels, and arbitrators to reappraise their approach to making disclosure in arbitrations, an expert has said.Thu, 14 Mar 2024 11:09:27 Z{0966E1A5-FEAB-4221-BC66-5B8FBB102307}https://www.pinsentmasons.com/out-law/news/annex-1-firm-managers-to-review-financial-crime-records?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesFCA gives Annex 1 firm managers six months to review financial crime recordsRecent assessment work by the UK’s Financial Conduct Authority (FCA) in relation to financial crime controls at Annex 1 firms underscores the importance of senior management involvement in implementing and reviewing their firm’s controls, an expert has said. Wed, 13 Mar 2024 14:46:05 Z{36EAA8AC-4524-450B-A8D2-22A5FB82230A}https://www.pinsentmasons.com/out-law/news/uk-court-appeal-decision-give-firms-guidance-tcs-digital-age?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesUK Court of Appeal decision gives firms guidance on T&Cs in digital ageThe Court of Appeal in England and Wales has considered what businesses need to do to incorporate standard terms and conditions into a digital contract for online services for the first time. Wed, 13 Mar 2024 14:13:48 Z{4734F0A8-6B33-443F-9281-A4BDE0FE062C}https://www.pinsentmasons.com/out-law/analysis/eltif-2-european-commission-moves-to-fix-esma-chaos-0?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesELTIF 2.0: European Commission moves to fix ESMA ‘chaos’The European Commission has made a welcome intervention by amending proposed new regulatory technical standards (RTS) that concern European long-term investment funds, but it may not be enough to promote long-term success of those products.Tue, 12 Mar 2024 12:16:03 Z{0ECB7A63-8430-47E9-8765-48CDE50789CA}https://www.pinsentmasons.com/out-law/news/uk-financial-regulator-releases-data-on-financial-promotions?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesUK financial regulator releases data on financial promotionsFinancial Conduct Authority (FCA) data on actions against firms breaching financial promotion rules, and referrals and investigations into unregulated activity, provides insight into the regulator’s current priorities and proactive approach to supervision, an expert has said. Tue, 12 Mar 2024 09:52:55 Z{2E28E0DA-0D06-4602-B66C-144B70F8EFC2}https://www.pinsentmasons.com/out-law/news/legislation-simplifies-uk-cis-scope?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesNew legislation simplifies UK Construction Industry Scheme scopeNew rules outlined today are designed to simplify a UK tax regime that applies when tenants carry out certain construction works and where payment is made by landlords. Fri, 08 Mar 2024 16:41:37 Z{4C7F3AE6-6A54-444A-B28E-FFA1D4A5351C}https://www.pinsentmasons.com/out-law/news/supreme-court-ruling-clarity-assignment-of-interest-litigation?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesIrish Supreme Court ruling provides clarity over assignment of interest in litigationA recent Irish Supreme Court ruling provides clarity on the validity of assigning interest in legal claims as well as underscoring the judiciary’s commitment to facilitating fair and efficient access to justice, an expert has said.Fri, 08 Mar 2024 16:32:02 Z{E7BBE05A-3930-402D-9A03-E377979FEF09}https://www.pinsentmasons.com/out-law/news/eu-fsr-100-day-briefing-provides-valuable-insights-for-firms?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesEU FSR 100-day briefing provides valuable insights for firmsRecently published information on the application of the EU’s Foreign Subsidies Regulation (FSR) reveals an unexpected uptick in notifications and gives valuable initial insights into the European Commission’s approach in scrutinising corporate transactions.Thu, 07 Mar 2024 15:24:25 Z{1C135490-68BC-4A7C-A6FC-680F26A079A0}https://www.pinsentmasons.com/out-law/analysis/financial-services-gender-pay-gap-not-exacerbated-bonus-policies?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesFinancial services gender pay gap must not be exacerbated by bonus policiesFinancial services firms need to take steps to ensure that their bonus policies do not contribute to growing the disparity between what men and women employed in the sector are paid.Thu, 07 Mar 2024 13:22:34 Z{6DB21093-1AFD-4332-ACED-F3FF731463E6}https://www.pinsentmasons.com/out-law/news/investment-association-uk-should-be-competitive-senior-pay?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesInvestment Association: UK should be competitive on senior payA recently published letter from The Investment Association (IA) recognises the need for UK companies to be able to compete for senior talent ahead of an in-depth review of remuneration policy guidelines, an expert has said. Thu, 07 Mar 2024 10:16:01 Z{F7DF2FBC-C28A-435B-9DF6-E80AA63267E1}https://www.pinsentmasons.com/out-law/news/singapore-to-roll-out-mandatory-climate-reporting-from-2025?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesSingapore to roll out mandatory climate reporting from 2025Singapore has announced plans to introduce new reporting requirements which will make climate-related disclosures mandatory for Singapore Exchange (SGX) listed and some non-listed companies.Thu, 07 Mar 2024 10:07:23 Z{703D8853-9661-44E4-B679-7854BDAA2F9B}https://www.pinsentmasons.com/out-law/news/regulatory-references-in-scope-of-fcas-survey-of-nonfinancial-misconduct?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesRegulatory references ‘in scope’ of FCA’s survey of non-financial misconduct Anne Sammon tells HRNews about the challenge facing firms over whether non-financial misconduct should be included in a regulatory referenceThu, 07 Mar 2024 09:32:13 Z{E2FF8E14-419E-451C-AE26-BC56FBE47646}https://www.pinsentmasons.com/out-law/news/uk-budget-general-election-battle-lines?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesUK Budget 2024: general election battle lines become clearerThe UK chancellor Jeremy Hunt’s Budget speech on Wednesday, and the response of Labour leader Sir Keir Starmer to it, provide an insight into how the forthcoming UK general election campaign will be fought, an expert in public policy has said.Wed, 06 Mar 2024 18:04:45 Z{8CC0E882-3C5E-459B-87D7-157B6CD255C2}https://www.pinsentmasons.com/out-law/guides/when-uk-suppliers-must-continue-to-supply-insolvent-companies?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesWhen UK suppliers must continue to supply insolvent companiesIn a challenging economic environment, it is common to see an increase in company insolvencies. In the UK, there are rules in place that require suppliers to insolvent companies to continue to supply those businesses.Wed, 06 Mar 2024 11:40:54 Z{5345F500-8C1A-4384-AF51-AE74C736467D}https://www.pinsentmasons.com/out-law/news/uk-government-commits-to-action-on-occupational-health?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesUK government commits to action on occupational healthThe UK government has underlined its commitment to increase the role of employers in preventing ill health with the announcement of the appointment of health policy advisor Dame Carol Black.Wed, 06 Mar 2024 11:07:49 Z{0C458B0B-33BA-4C67-B1CE-6FC516A8C508}https://www.pinsentmasons.com/out-law/analysis/fca-enforcement-firms-face-changes-investigation-procedures?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesFCA enforcement proposals mean firms face changes to investigation proceduresUK financial firms should be ready to engage with changes to processes including internal investigation procedures as the Financial Conduct Authority (FCA) proposes a new approach to enforcement cases.Wed, 06 Mar 2024 10:58:46 Z{B2171259-D7B2-4C8A-AFEA-DFEF36274368}https://www.pinsentmasons.com/out-law/news/fca-non-financial-misconduct-survey?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesFCA launches non-financial misconduct survey for Lloyd's and London market firms Chris Evans tells HRNews about the FCA’s request for UK insurance market firms to provide data relating to incidents of non-financial misconductTue, 05 Mar 2024 11:29:07 Z{05EA95E3-FAE5-45F5-B9FA-EF27F663184A}https://www.pinsentmasons.com/out-law/analysis/pension-trustees-ensure-climate-scenario-analysis-robust?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesHow pension trustees can ensure their climate scenario analysis is robustUK pension scheme trustees should review how they undertake scenario analysis to ensure that their approach is sufficiently robust to enable them to align their investment strategies with their duties on climate risk and investing in climate action.Tue, 05 Mar 2024 10:34:32 Z{25FFA69D-93C9-490B-B1CC-48FB7A32A950}https://www.pinsentmasons.com/out-law/analysis/what-draft-aemo-plan-means-australia-transmission-network?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesWhat the draft AEMO plan means for Australia’s transmission networkThe Australian energy market operator’s (AEMO) draft integrated systems plan for 2024 may not spell a major change from its 2022 plan in terms of actual transmission projects needed for the energy transition, but it does highlight the need to significantly speed up the timeline for the development of those projects.Mon, 04 Mar 2024 13:45:57 Z{6E19210B-E786-4502-8903-B241D8B70ED3}https://www.pinsentmasons.com/out-law/analysis/podcast-new-type-fund-boost-sustainable-development-and-dealing-with-unforeseeable-ai-litigation?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesPODCAST: New type of fund could boost sustainable development, and dealing with the unforeseeable in AI litigationBlended finance is mobilising hundreds of billions of dollars of private money for sustainable projects but we ask Elaine MacGregor: is it enough? And we find out what a mistake by Air Canada's chatbot tells us about how courts will treat AI systems from Meghan Higgins.Mon, 04 Mar 2024 12:08:18 Z{10A478A1-62C1-4261-904B-FEA7016969BA}https://www.pinsentmasons.com/out-law/news/economic-growth-will-be-centre-of-uk-budget?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesEconomic growth will be centre of UK BudgetThe chancellor of the exchequer’s spring budget will provide him with a final opportunity to set the tax and spending policies that will underpin the Conservative Party’s campaign ahead of the forthcoming general election.Fri, 01 Mar 2024 10:19:14 Z{97CA17AE-7D02-41EF-AEA5-848217CEB229}https://www.pinsentmasons.com/out-law/analysis/developments-jurisdictions-third-party-funding-integral-international-arbitration?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesDevelopments in key jurisdictions show third-party funding integral in international arbitrationThe use of third-party funding (TPF) to pursue arbitral claims has become more widespread in the last five years, but parties and funders must pay close attention to the varying rules and challenges regarding TPF in different countries to avoid their funding arrangements being ruled unenforceable by national courts.Thu, 29 Feb 2024 13:04:03 Z{F1C0D786-8B54-495F-81D5-DA84C33A5165}https://www.pinsentmasons.com/out-law/news/law-body-considers-which-law-governs-digital-asset-disputes?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesLaw body considers which law governs digital asset disputesThe Law Commission of England and Wales has opened a new project to examine how questions on the application of private international law should be answered in the context of disputes over digital assets or electronic trade documents.Thu, 29 Feb 2024 11:59:59 Z{3AD866FB-CF4B-4888-93C2-BC220F0A7CAB}https://www.pinsentmasons.com/out-law/analysis/growth-class-action-style-claims-fuel-interest-mass-arbitration?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesGrowth of class action-style claims may fuel interest in ‘mass arbitration’Globally, there is a rise in class action-style claims being raised against businesses.Thu, 29 Feb 2024 11:53:19 Z{6A1A0BAF-DD37-46E3-B4DB-3359B1D751AC}https://www.pinsentmasons.com/out-law/news/western-nations-levy-new-sanctions-against-russia?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesWestern nations levy new sanctions against RussiaThe US, the UK, Canada and the EU have adopted new sanctions against Russia, to coincide with the second anniversary of Russia’s invasion of Ukraine. Wed, 28 Feb 2024 16:29:50 Z{5A54CCF3-B515-4FA7-9DD9-7298EB1075CB}https://www.pinsentmasons.com/out-law/news/bill-pension-complaints-procedure-line-irish-constitution?utm_source=PM+website&utm_medium=feed&utm_campaign=RSS+Outlaw+Financial+servicesBill to bring financial services and pension complaints procedure in line with Irish ConstitutionRecently published Irish draft legislation contains welcome updates to the existing legal framework around the consumer complaints procedure within the financial services and pensions industry which, if passed, will ensure compliance with the Constitution, an expert has said. Wed, 28 Feb 2024 15:25:08 Z