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Enforcement Duty of Care

Walkers

Privy Council clarifies secured party’s duty when realising security

Walkers on

The Privy Council has clarified that the duty of care to "obtain the best price reasonably obtainable" in the sale of secured collateral does not require a secured party to improve an asset before sale to obtain the best...more

Holland & Knight LLP

Colorado Legislature Approves AI Bill Targeting "High-Risk" Systems and AI Labeling

Holland & Knight LLP on

The Colorado legislature passed the Colorado Artificial Intelligence Act (SB 205 or the Act) on May 8, 2024. If approved by Gov. Jared Polis, it will be the first law in the U.S. to impose specific requirements intended to...more

Husch Blackwell LLP

Colorado Legislature Passes First-in-Nation Artificial Intelligence Bill

Husch Blackwell LLP on

Keypoint: If signed into law, Colorado will become the first state to enact legislation regulating the use of high-risk artificial intelligence systems. On May 8, the Colorado legislature passed the Colorado Artificial...more

BCLP

What will the disputes landscape look like for firms subject to the Consumer Duty?

BCLP on

On 27 July 2022, the FCA published its policy statement, PS22/9, setting out its final rules for its new Consumer Duty (“Duty”), together with accompanying non-Handbook guidance. The Duty aims to set higher standards of...more

Latham & Watkins LLP

UK FCA Publishes Detailed Plans for New Consumer Duty

Latham & Watkins LLP on

FCA makes clear that it expects a cultural shift in how firms focus on consumers. On 7 December 2021, the FCA published its second Consultation Paper (CP21/36) on introducing a new Consumer Duty....more

Latham & Watkins LLP

UK Government Releases Details of New ‘Online Harms’ Regime for Online Platforms

Latham & Watkins LLP on

Update confirms the introduction of an active “duty of care” and a dedicated regulator, as part of a comprehensive new online regulatory regime. Following a wave of commentary from industry, the social sector, and other...more

Latham & Watkins LLP

Private Bank Briefing: Issues Impacting the Private Bank Sector - June 2019

Latham & Watkins LLP on

The FCA and the PRA published their Business Plans for 2019/20 in April 2019. FCA Priorities - As expected, with Brexit remaining a key focus, there are few new initiatives for this year. The FCA’s Business Plan sets...more

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