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Showing 41 - 50 of 1186 matches filtered by 'Banking and finance'

  • The Privy Council's Quincecare decision in RBSI v JP SPC 4

    18/05/2022
    In a decision that will be welcomed by banks, the Privy Council has held that a bank’s Quincecare duty does not extend beyond being a duty owed to the bank’s customer. The Privy Council’s decision in Royal Bank of Scotland International Ltd (Respondent) v JP SPC 4 and another (Appellants) ...
  • Tokenised Funds Series: Paper 4 – Disputes considerations

    18/05/2022
    CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory considerations, and prospectus disclosures that may be necessary. This is the fourth paper in which we look at the dispute resolution considerations in the context of tokenised funds. ...
  • Securities litigation - meaning of "persons discharging managerial responsibility" under FSMA

    17/05/2022
    Introduction In a recent decision the English High Court has clarified the meaning of “persons discharging managerial responsibility” for the purposes of establishing liability under s.90A/Sch 10A of FSMA. In doing so the High Court declined the defendant’s application for strike out and summary judgment of the institutional investors claim ...
  • Climate Transition Plans: UK call for evidence launched

    16/05/2022
    Until 13 July 2022 comments are sought on the approach to be adopted for climate transition plans for UK companies and financial institutions. Launched by the Transition Plan Taskforce (‘TPT’), mandated by the UK Government to develop a ‘gold standard’ for transition plans, feedback is requested on 22 questions relating ...
  • FCA consulting on use of side pockets for retail funds affected by Russian invasion of Ukraine

    11/05/2022
    With less than a week remaining to respond to the FCA’s recent consultation paper on rules to allow Authorised Fund Managers (“AFMs”) to create separate unit classes (“side pockets”) for assets in retail investment funds affected by the invasion of Ukraine, we take a look at the FCA’s proposals (the ...
  • SFDR's Principal Adverse Impact Indicators on course to change

    11/05/2022
    The European Commission has given the European Supervisory Authorities (“ESAs”) a mandate to review the SFDR Delegated Regulation indicators for principal adverse impact and the financial product disclosures in relation to decarbonisation. Principal adverse impact indicators In relation to the principal adverse impact indicators, the European Commission has invited the ...
  • SFDR continues to evolve: more granular disclosures to be proposed on investments’ exposure to fossil gas and nuclear energy activities

    11/05/2022
    Financial products with exposures in fossil gas and nuclear energy are likely to have more granular reporting requirements under the Sustainable Finance Disclosure Regulation (“SFDR”). The European Commission has tasked the European Supervisory Authorities (the “ESAs”) to propose SFDR amendments to the information disclosed in pre-contractual documents, on websites and ...
  • Tokenised Funds Series: Paper 3 - Prospectus Disclosures

    11/05/2022
    CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory and disputes considerations, and prospectus disclosures that may be necessary. This is the third paper in which we look at the considerations firms should make regarding prospectus disclosures ...
  • Tokenised Funds Series: Paper 2 - Regulatory Considerations

    04/05/2022
    CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory and disputes considerations, and prospectus disclosures that may be necessary. In this paper, we explore the regulatory considerations associated with tokenised funds. The first paper explores the basics ...
  • Tokenised Funds Series: Paper 1 - What, why and how

    27/04/2022
    CMS has published a series of papers in collaboration with the IA. These papers explore the basics of tokenised funds, the regulatory and disputes considerations, and prospectus disclosures that may be necessary. This is the first paper in which we explore the basics of tokenised funds: what they are, why ...