1. What is the FCA's 2021/22 business plan?
The FCA's 2021/22 business plan (the "Business Plan") was published on 15 July 2021 (see here). It provides areas of focus for the FCA in both consumer and wholesale markets, as...more
The Financial Conduct Authority ("FCA") has published its Annual Report and Accounts for the year 2019/20, including enforcement data for the same year. With the enforcement landscape largely remaining unchanged, is it a case...more
Court battles with regulators over privilege and the disclosure of documents are becoming increasingly common. However, it is not often that you see a regulator seeking to obtain the privileged documents of a third party who...more
3/9/2020
/ Appeals ,
Discovery ,
Document Productions ,
Exceptions ,
Financial Institutions ,
Financial Regulatory Agencies ,
Government Investigations ,
Legal Professional Privilege ,
Privileged Documents ,
Reaffirmation ,
Reversal ,
Third-Party ,
Trial Court Orders ,
UK
In an important judgment on the interpretation of section 90A of the Financial Services and Markets Act 2000, Tesco Plc failed to strike out two group litigation actions brought in relation to allegedly false and misleading...more
11/8/2019
/ False Statements ,
FSMA ,
Illegal Profits ,
Investor Protection ,
Misleading Statements ,
Motion To Strike ,
Offering Fraud ,
Private Right of Action ,
Statutory Remedies ,
Trading Policies ,
UK
The recent case of Financial Reporting Council Limited v Sports Direct International Plc1 serves as a reminder of the tension between companies wishing to protect privileged information and auditors receiving and relying upon...more