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United Kingdom Certification Requirements

Herbert Smith Freehills Kramer

Certification Tracker of UK Competition Class Actions (CPO Applications) Filed at the Competition Appeal Tribunal

The graphic below tracks the number of competition class actions (CPO applications) filed at the Competition Appeal Tribunal (CAT) since the introduction of a new 'opt-out' regime in the UK in October 2015, as well as the...more

WilmerHale

Certification Under the EU-U.S. Data Privacy Framework

WilmerHale on

On July 10, 2023, the European Commission adopted an adequacy decision for the new EU-U.S. Data Privacy Framework (“EU-U.S. DPF”), the successor to the EU-U.S. Privacy Shield, which the Court of Justice of the European Union...more

Goodwin

What Companies Need to Know About the New EU-US Data Privacy Framework for Cross-Border Data Transfers

Goodwin on

On July 10, 2023, the European Commission adopted an adequacy decision for the new EU-US Data Privacy Framework (“DPF”), the revamped transatlantic framework designed to support transfers of personal data from the EU to...more

BCLP

Building Safety Act 2022: changing the rules on the landlord and tenant relationship, Part 2 - qualifying lease certificates

BCLP on

In a previous blog, I explored one aspect of the statutory reallocation of risk for the costs of works to remedy building safety issues in the Building Safety Act 2022 (BSA 2022). The focus of that blog was the new landlord’s...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

England Moves to Plan B of its COVID-19 Response: What Does This Mean for Employers?

Amid concerns surrounding the rapid rise in COVID-19 omicron cases, the UK government recently implemented Plan B measures in England. Here is a summary of the implications of these measures for employers...more

BCLP

UK COVID-19: New UK restrictions under “Plan B” – Implications for employers in the Hotels & Hospitality sector

BCLP on

With 336,893 new COVID-19 cases reported in the seven days ending on 8 December 2021 (the highest since the week to 16 January 2021) and the concern around the transmissibility of the Omicron variant, the government has...more

Latham & Watkins LLP

SMCR: FCA Updates Expectations on Fitness and Propriety Assessments and Conduct Rules Training

Latham & Watkins LLP on

The FCA has provided updated guidance on the SMCR for solo-regulated firms, with new information on good and bad practices in two key areas. On 14 August 2020, the FCA updated its webpage on the Senior Managers and...more

Morgan Lewis

FCA Consults on Extending Senior Managers & Certification Regime Deadlines

Morgan Lewis on

The Financial Conduct Authority (FCA) began a consultation (CP20/10) on 17 July on the extension of the deadlines by which FCA solo-regulated firms must have first assessed the fitness and propriety of their certified staff,...more

Skadden, Arps, Slate, Meagher & Flom LLP

Employment Flash - July 2020

This edition of Employment Flash summarizes key employment law issues related to COVID-19 as well as two seminal U.S. Supreme Court rulings that protect gay and transgender employees from discrimination, and clarify the...more

Akin Gump Strauss Hauer & Feld LLP

Extension of the Senior Manager and Certificate Regime Implementation Periods for Solo-Regulated Firms to March 2021

On 30 June 2020, the Financial Conduct Authority (FCA) announced proposals designed to provide breathing room to solo-regulated firms (meaning those governed solely by the FCA) in respect of the implementation of certain...more

White & Case LLP

Construction contracts: vesting of title to goods

White & Case LLP on

When does title to goods transfer from a contractor to an employer? This can be a critical issue, especially when a party to a project has become insolvent. A recent English case considered this issue, and the application of...more

McDermott Will & Schulte

Digital Health in the United Kingdom: The New Regulatory Environment Under the Medical Device Regulation

The MDR and other recent developments in the health care regulatory landscape pose new opportunities and challenges for medical software companies and investors in digital health in the United Kingdom. Although the regulatory...more

Akin Gump Strauss Hauer & Feld LLP

Senior Managers and Certification Regime

The commencement date of 9 December 2019 for the extension of the Senior Managers and Certification Regime (SMCR) to solo-regulated firms is fast approaching. The SMCR will replace the existing Financial Conduct Authority...more

Mitratech Holdings, Inc

Why Is Policy and Procedure Management Now More Important Than Ever?

These days, it seems you can’t get through an average week without seeing another big-name company making news for some sort of misstep or breakdown in regards to ethics, governance, or compliance....more

A&O Shearman

Marking three years of the UK’s Senior Managers and Certification Regime

A&O Shearman on

Last month, we were joined by over 200 clients for a seminar which marked the first three years of the UK’s Senior Managers and Certification Regime (SMCR) being in force. During the first three years of the SMCR being in...more

White & Case LLP

When Do Defects Prevent Practical Completion?

White & Case LLP on

Practical completion represents the physical completion of works on construction projects. Despite its importance, it is not a legal term of art, and whether or not practical completion has been achieved requires...more

BCLP

SMCR for FCA-solo regulated firms

BCLP on

The FCA recently released the latest in a long series of papers relating to the Senior Managers and Certification Regime (“SMCR”). FCA Consultation Paper CP19/4 sets-out new measures designed to “optimise” the SMCR ahead of...more

WilmerHale

UK Financial Conduct Authority Proposes to Exclude the Head of the Legal Function From the Senior Managers Regime

WilmerHale on

On 23 January 2019 the UK Financial Conduct Authority (FCA) published Consultation Paper CP19/4 which, amongst other things, proposes to exclude the Head of the Legal function from the Senior Managers Regime (SMR). The...more

A&O Shearman

UK Banking Standards Board Publishes Further Guidance on the Certification Regime

A&O Shearman on

The U.K. Banking Standards Board has published further Supporting Guidance to its Statement of Good Practice on the Certification Regime: Fitness and Propriety Assessment Principles (known as Statement of Good Practice 1)....more

Akin Gump Strauss Hauer & Feld LLP

Financial Conduct Authority Consults on Senior Managers and Certification Regime

On 26 July 2017, the UK Financial Conduct Authority (FCA) published its much-anticipated Consultation Paper (CP 17/25) “Individual Accountability: Extending the Senior Managers & Certification Regime to all FCA firms.” The...more

Latham & Watkins LLP

FCA Publishes Long-Awaited Consultation Papers on the Extension of the SMCR

Latham & Watkins LLP on

The FCA will take a proportionate approach, reflecting the diversity of firms within the proposed regime’s remit. On 26 July 2017, the FCA published its long-awaited Consultation Papers on the extension of the Senior...more

A&O Shearman

UK Senior Manager and Certification Regime Amendments and Extension Final

A&O Shearman on

The Bank of England and Financial Services Act 2016 was passed by the UK Parliament. The Act includes amendments to the Senior Manager and Certification Regime and extends the SM&CR to all UK authorized firms. The amendments...more

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