News & Analysis as of

Small and Medium-Sized Enterprises (SMEs) United Kingdom

Skadden, Arps, Slate, Meagher & Flom LLP

Europe’s Sharpened Focus on Defense Creates M&A and Investment Opportunities

Key Points - - The war in Ukraine has prompted a historic surge in European defense spending. - Governments in the EU and U.K. are stressing the need for innovation. They are increasingly turning to investment in small...more

Orrick, Herrington & Sutcliffe LLP

Unpacking the Data (Use and Access) Act

The UK is poised to reshape its data protection landscape with the introduction of the UK Data (Use and Access) Act (the "DUA Act"). As one of the most significant reforms in UK data law since the GDPR came into effect, the...more

A&O Shearman

UK CMA review of the SME Banking Undertakings 2002

A&O Shearman on

The UK's Competition and Markets Authority (CMA) has confirmed its decision to review the remaining SME Banking Undertakings 2002 and has launched its consultation seeking views on whether the undertakings need to be updated....more

BCLP

Information Commissioner's Open Letter to the UK Prime Minister - Key Takeaways

BCLP on

On 16 January 2025, in an open statement and letter, the UK Information Commissioner, John Edwards, responded to the December 2024 letter from the UK Prime Minister, the Chancellor, and the Business Secretary....more

A&O Shearman

UK Financial Conduct Authority writes to Treasury Committee on the FCA's regulatory perimeter

A&O Shearman on

The House of Commons Treasury Committee has published a letter (dated December 6, 2024) from Nikhil Rathi, Chief Executive of the Financial Conduct Authority, regarding the FCA's perimeter report. In the letter, Mr. Rathi...more

A&O Shearman

UK Government responds to Treasury Committee report on SME Finance

A&O Shearman on

The U.K. government has published its response to the Treasury Committee report on access to financing for small businesses. The report, by the Treasury Select Committee of the previous Parliament, made recommendations...more

IR Global

A Happy Medium

IR Global on

The UK is a superb place to start a business. With an established financial sector ready to offer growth finance, an efficient professional services infrastructure and a highly skilled talent pool, the UK remains one of the...more

A&O Shearman

EU Listing Act Package Published in Official Journal of the European Union

A&O Shearman on

The following legislation that comprises the EU Listing Act package has been published in the Official Journal of the European Union: - Regulation (EU) 2024/2809 amending the EU Prospectus Regulation, the EU MAR and EU...more

A&O Shearman

HM Treasury Post-Implementation Reviews on SME Credit Information and Finance Platforms Regulations

A&O Shearman on

Alongside the U.K government's Autumn Budget delivered on October 30, 2024, HM Treasury has published two post-implementation reviews relating to small- and medium-sized enterprise credit....more

Paul Hastings LLP

Global and Japanese ESG Market and Regulatory Trends in Respect of ESG Risk, Impact and Opportunity Management: Sifting Signal...

Paul Hastings LLP on

Climate change disclosures have recently become mandatory in Japan, following amendments to the Financial Instruments Exchange Act (FIEA) and the Cabinet Office Order on Disclosure on Corporate Affairs. These require...more

White & Case LLP

Sector trends - September 2024: Specialty Finance / Marketplace Lending

White & Case LLP on

UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 — Specialty Finance / Marketplace Lending - Consolidation fever grips non-bank lenders and banks alike—SME lending, revenue-based finance and...more

Cadwalader, Wickersham & Taft LLP

The UK’s PRA Publishes Near-Final Basel 3.1 Rules

On 12 September 2024, the UK’s banking regulator, the Prudential Regulation Authority ("PRA") published its second policy statement on implementation of the Basel 3.1 standards in the form of near-final rules (PS9/24). This...more

Latham & Watkins LLP

FCA Finalises Changes to Rules on Investment Research

Latham & Watkins LLP on

Despite some adjustments to the proposed guardrails, the FCA has largely retained its original approach. On 26 July 2024, the FCA published its final rules on payment optionality for investment research (PS24/9)....more

Skadden, Arps, Slate, Meagher & Flom LLP

The UK’s Pursuit of Open Finance

In April 2024, the UK government reiterated its vision for open finance, with UK Economic Secretary Bim Afolami (MP) announcing the creation of the Open Finance Taskforce at the 2024 Innovate Finance Global Summit. The...more

BCLP

London: an Attractive IPO Venue for US Mid-Caps

BCLP on

While the British media is currently focussed on a small number of large-cap companies, formerly listed in London, choosing to move their listings to New York, there is another story which is not so well publicised. Many...more

A&O Shearman

UK Criminal Justice Bill proposes further reforms to the identification doctrine

A&O Shearman on

The UK government is already proposing further expansion to the basis on which companies can be fixed with criminal liability. The Economic Crime and Corporate Transparency Act 2023 (ECCTA), passed in October, significantly...more

TransPerfect Legal

Strength In Numbers: Trends In Antitrust Litigation

TransPerfect Legal on

Trucks, trucks, trucks – unless you’ve been living under a rock in the antitrust world, you’ve probably heard about, or even worked on, one of the many follow-on litigation claims related to the Commission’s 2016 cartel...more

Cadwalader, Wickersham & Taft LLP

MPs Call on the UK Government to Accelerate ESG Efforts

On April 25, the UK All-Party Parliamentary Group on ESG (APPG) published a report on environmental, social and governance issues. All-Party Parliamentary Groups are informal groups of Members of the House of Commons and...more

BCLP

Data Protection Reform - Will the UK Score its Burden-Reducing Goals?

BCLP on

On 8 March 2023, the newly-created Department for Science, Innovation and Technology (“DSIT”) introduced the UK government’s updated proposals for data protection reform in the shape of the Data Protection and Digital...more

Cooley LLP

Support Announced for R&D-Intensive SMEs in UK’s Spring Budget 2023, Other Changes to R&D Tax Relief Regime

Cooley LLP on

In recognition of the need to support the UK’s most innovative businesses, an additional tax relief for research and development-intensive small- and medium-sized enterprises (SMEs) was recently announced in the Spring Budget...more

Hogan Lovells

UK Consumer Duty: FCA publishes portfolio letters to help firms with implementation

Hogan Lovells on

On 3 February 2023, the FCA published portfolio letters setting out its expectations to support firms in implementing the Consumer Duty. The letters highlight its areas of focus for each sector, as well as sector-specific...more

J.S. Held

Crosscurrents: Corporate Sustainability Reporting Directive (CSRD) & ESG Reporting in Europe

J.S. Held on

In mid-November 2022, the European Parliament adopted the Corporate Sustainability Reporting Directive (CSRD), a major expansion of the 2014 Non-Financial Reporting Directive (NFRD). The new rules will quadruple the number of...more

Cooley LLP

Research & Development Tax Regime Changes

Cooley LLP on

Significant changes to the UK’s Research & Development (R&D) tax relief regime are being introduced with effect from 1 April 2023. Some of the changes were announced in the 2021 Autumn Budget, while others were more recently...more

Hogan Lovells

ESG Market Alert – November 2022

Hogan Lovells on

In this alert, we provide a round-up of the latest developments in ESG for UK corporates. In this month’s ESG Market Alert, we cover: The expanding scope of EU rules on ESG disclosures; FRC Lab launches project on...more

McDermott Will & Emery

IPEM 2022 | Key Takeaways

McDermott Will & Emery on

After an insightful conference in Cannes, our partners have compiled some of the key takeaways from IPEM 2022. As well as exploring the private equity landscape in the UK, Germany, France and Italy, we also explore the...more

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