We were proud to provide market-leading expertise and legal support to the secretariat of the Transition Market Finance Review. The review explores how the U.K. can become a leading market for transition finance domestically...more
Last year, we wrote about ClientEarth’s application to the High Court of England and Wales for permission to bring a judicial review claim, alleging that the UK Financial Conduct Authority (FCA) unlawfully approved the IPO...more
1/18/2024
/ Capital Markets ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Initial Public Offering (IPO) ,
Judicial Review ,
Sustainability ,
UK
The Financial Conduct Authority’s (FCA) new package of sustainability disclosure requirements (SDR) and investment labelling rules is a key pillar of the UK government’s efforts to introduce an economy-wide SDR regime. All...more
12/20/2023
/ Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Greenwashing ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices ,
UK
The FCA has issued the final version of its rules for stage one of the UK’s new Sustainability Disclosure Requirements or SDR, together with its new ESG product labelling regime. The rules are detailed and complex. The new...more
The FCA has issued the final version of its new anti-greenwashing rule – part of a package that includes additional rules as stage one of the UK’s new Sustainability Disclosure Requirements or SDR, plus the FCA’s new ESG...more
Sanctions and the systems and controls companies have in place to comply with them seem to be back in the spotlight.
In addition to guidance recently published by the UK Financial Conduct Authority, a number of recent...more
9/12/2023
/ Arbitration ,
Civil Monetary Penalty ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
HMRC ,
International Arbitration ,
International Litigation ,
Office of Financial Sanctions Implementation (OFSI) ,
Regulatory Agenda ,
Sanctions ,
UK
Three decisions in recent weeks have demonstrated the breadth of the UK Government’s sanctions-related powers and underline a push by the UK to demonstrate the robustness of its sanctions and a focus on their enforcement....more
9/8/2023
/ Asset Freeze ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
Export Controls ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
HMRC ,
Russia ,
Trade Relations ,
UK
ClientEarth (an environmental charity) is challenging a decision by the UK Financial Conduct Authority (the FCA) to approve a prospectus of an energy company on the basis that it contains inadequate climate-related...more
At COP26 last year, the Chief Executive of the Financial Conduct Authority (FCA) warned the financial services industry that it was time to “walk the walk”, and emphasised that greenwashing would not be tolerated in the...more
In the context of COP26, the UK has taken the opportunity to issue an array of documents and proposals, hoping to establish its credentials (post Brexit) as a leading light on ESG and climate change, and a rival to the EU,...more
As appetite in the market for “green” and ESG badged products grows and grows, so too grows the number of legislative and regulatory initiatives intended to prevent or mitigate the risk of greenwashing.
...more
The recommendations of the Task Force for Climate-related Disclosures (TCFD) are voluntary, but are fast gaining traction within sustainability/ESG policy and regulation.
...more
The impact of the pandemic in 2020 has certainly pushed securities lending activity and the short side of the market under a microscope.
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The Financial Conduct Authority (FCA) has implemented a new Listing Rule applicable to premium listed commercial companies which is designed to help users of their financial statements understand how they are managing...more
New Listing Rules applicable to premium listed commercial companies.
The FCA is consulting on new Listing Rules for premium listed issuers of shares to improve climate-related disclosures in corporate reporting by...more