Banking & finance

 

Latest Reports

  • DI

    On 20 April 2022, the FCA published PS22/3, setting out its policy statement and final rules on diversity and inclusion on company boards and executive management (Policy Statement) building on the proposals in Consultation Paper 21/24 (CP21/24). The Policy Statement introduces new Listing Rules (Listing Rules) and amendments to the ...

  • abstract pink lines

    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. ...

  • yellow maze ball

    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) ...

  • circle of lightbulbs

    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 ...

  • eco energy concept

    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 ...

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