Financial Reporting Council has launched new code for the corporate governance

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LIBOR: Early steps to prepare for the discontinuation

By Graham Walters In September 2018, the PRA and FCA wrote to the CEOs of major banks and insurers supervised in the UK to understand the preparations that were underway to manage the transition from LIBOR to SONIA (Sterling Overnight Index Average). As the Dear CEO letter explained, repeating the words of Andrew Bailey, Chief […]

Future FIT: SEGue to the future of embedded generation

By Marianne Anton The ghost of tariffs past Following its announcement in December 2018 of the closure of the Feed-in Tariff scheme (FIT) to new applications after 31 March 2019, the Department of Business, Energy and Industrial Strategy (BEIS) launched a consultation on 8 January 2019 on the introduction of a mandatory supplier-led route to […]

Where next for cryptocurrency?

By Bryan Shaw The recent Treasury Committee report examining the role of digital currencies in the UK concluded that urgent regulation of the sector is needed to put an end to the “wild west” environment in which firms are operating today. Three months on from that report, with time to digest its contents and implications, […]

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By Stuart Murray The future profitability and viability of many telecoms networks and the services provided over them could depend on decisions OFCOM is about to make on new regulations for digital infrastructure. Now is the time to act. Which appeals to you more this winter? Joining a luxury cruise in the Caribbean or getting […]

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By James Forsyth The Government will consult on new laws to give consumers greater protection on retailer insolvency, but has confirmed that consumer prepayments will not be given preferential status in insolvency. This was announced on 27 December 2018 in the Government’s Response to the Law Commission’s July 2016 Report on Consumer Prepayments on Retailer […]

Latest Briefings

FCA opens notifications for temporary permissions regime in case of no-deal Brexit

By François Pfister, Anne-Gaëlle Delabye In order to ensure that investment funds that are currently marketed in the United Kingdom under the European Economic Area (EEA) passporting regime continue to be able to do so in the event of there being no implementation period based on the withdrawal agreement after 29 March (no-deal Brexit), the […]

Changes in the procedure for admission of foreign medical devices and medicines to public procurement in Russia

On 1 January 2019, amendments to the Resolution of the Government of the Russian Federation No. 102 of 05.02.2015 that provides for restrictions and conditions for the admission of certain types of medical devices originating from foreign countries for the purpose of procurement for state and municipal needs (“Resolution No. 102”). And the Resolution of […]

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