On 1 September 2025, the new UK corporate offence of “failure to prevent fraud” will come into force, as introduced under the Economic Crime and Corporate Transparency Act 2023 (the “Act”)....more
On 15 April 2025, the European Commission (the “Commission”) released new simplification measures relating to the EU Deforestation Regulation (“EUDR”) with the promise of ensuring a “simple, fair and cost-efficient...more
The SEC’s Division of Corporation Finance recently issued an interpretive letter providing additional insight as to what constitutes “reasonable steps” to verify an investor’s accredited investor status under Rule 506(c) of...more
Private equity firms could face significant sanctions risks when doing business with entities connected to sanctioned jurisdictions (such as Russia)...more
10/11/2024
/ Acquisitions ,
Asset Freeze ,
Audits ,
Contingency Plans ,
Contract Terms ,
Due Diligence ,
Economic Sanctions ,
EU ,
Investment Fund Vehicles ,
Investors ,
Licensing Rules ,
Policies and Procedures ,
Portfolio Companies ,
Private Equity Firms ,
Russia ,
Sanctions ,
Travel Ban ,
UK
On 7 October 2024, the FCA issued a “Dear CEO letter” (“Letter”) to firms whose primary business is financial advice or investment intermediation. The Letter contains a summary of the FCA’s priorities and expectations of...more
Background of the Corporate Sustainability Due Diligence Directive The Corporate Sustainability Due Diligence Directive (CSDDD) was entered force on 25 July 2024. The purpose of this Directive is to promote sustainable and...more
10/7/2024
/ Compensation ,
Compliance ,
Data Collection ,
Due Diligence ,
Enforcement ,
EU ,
European Commission ,
Human Rights ,
Noncompliance ,
OECD ,
Popular ,
Supply Chain ,
Sustainability
After political to-and-fro for over two years, the EU Corporate Sustainability Due Diligence (“CS3D”) made it over the line on 24 April 2024 with the European Parliament formally approving it.
We set out the headline...more
On 14 December 2023, there was an initial agreement by the EU Parliament and the EU Council on the final text of the Corporate Sustainability Due Diligence Directive (“CSDDD”).
CSDDD is a significant and impactful piece...more
On 24 November 2023, the Investment Association published a report on behalf of the wider Technology Working Group to the UK Government’s Asset Management Taskforce (the “Working Group”) on a “Blueprint” for the...more
The annual report of the European Supervisory Authorities (the “ESAs”) on the extent of voluntary disclosure of principal adverse impacts (“PAIs”) under the Sustainable Finance Disclosure Regulation (“SFDR”) was published on...more
10/3/2023
/ Anti-Corruption ,
Disclosure Requirements ,
Due Diligence ,
EU ,
European Commission ,
European Supervisory Authorities (ESAs) ,
Financial Products ,
Human Rights ,
Investment ,
National Competent Authorities (NCA) ,
SFDR ,
Sustainability
3 November -
The Financial Conduct Authority (FCA) published an alert setting out key considerations for principals who have appointed representatives or introducer appointed representatives. Among other things, the alert...more
12/6/2017
/ Best Practices ,
Broker-Dealer ,
Competition ,
Due Diligence ,
EU ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
EuVECA ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Information Commissioner's Office (ICO) ,
Investment Adviser ,
Key Information Document (KIDs) ,
Legal Entity Identifiers ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
UK ,
UK Competition and Markets Authority (CMA)