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International Harmonization United Kingdom

Goodwin

UK’s Medicines Regulator Announces Guidance on the New International Recognition Procedure for the Approval of New Medicines from...

Goodwin on

Earlier this year, the UK’s medicines regulator, the Medicines and Healthcare products Regulatory Agency (MHRA), announced that a new International Recognition Procedure (IRP) will be put in place for the approval of new...more

Benesch

UK and AI: The United Kingdom’s Approach to Artificial Intelligence Regulation

Benesch on

On the heels of the United Kingdom (UK) announcing its first global summit on artificial intelligence (AI) safety, British Prime Minister Rishi Sunak predicted that London could be the future epicenter of AI regulation. The...more

BCLP

AIFMD II: An evolution not a revolution at round 1

BCLP on

Today (25 November 2021) the European Commission (the Commission) released the results of its evaluation of the Alternative Investment Fund Managers Directive (AIFMD) which forms part of a Capital Markets Union legislative...more

Latham & Watkins LLP

UK Chancellor Outlines Future for Financial Services Post-Brexit

Latham & Watkins LLP on

Equivalence decisions for EEA states, green finance and fintech initiatives are at the forefront of the UK government’s priorities. On 9 November 2020, the UK Chancellor of the Exchequer, Rishi Sunak, delivered a statement...more

White & Case LLP

GDPR Guide to National Implementation: United Kingdom - A practical guide to national GDPR compliance requirements across the EEA

White & Case LLP on

Q1/ Applicable legislation - (a) Have the requirements of the GDPR been addressed by introducing a new law, or by updating existing legislation? New legislation has been passed. Brexit Note: The GDPR will apply in...more

Latham & Watkins LLP

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

Latham & Watkins LLP on

On 23 July 2019, the FCA published a Dear CEO letter on its wealth management and stockbroking supervision strategy, which began in April 2019. The strategy includes work to identify, diagnose, and remedy the harm that wealth...more

White & Case LLP

Crypto regulation: UK FCA clarifies regulatory perimeter – but leaves open questions over its tech neutrality

White & Case LLP on

On 31 July 2019 the UK Financial Conduct Authority (FCA) published final Guidance on the cryptoasset activities within its regulatory perimeter, in response to feedback on its January 2019 consultation paper and as trailed in...more

BCLP

Strategic Modern Slavery and Human Rights Risk Management: The UK Modern Slavery Act Four Years on

BCLP on

When the Modern Slavery Act (“Act”) came into force in October 2015, it was the first legislation of its kind, aiming to tackle and eventually eliminate human trafficking and the various forms of modern slavery. It also...more

A&O Shearman

UK Sanctions and Anti-Money Laundering Act 2018 Sanctions Provisions Brought Into Force

A&O Shearman on

The Sanctions and Anti-Money Laundering Act 2018 (Commencement No.1) Regulations 2018 were made on November 21, 2018, bringing into force the majority of the sanctions provisions of the Act with effect from November 22,...more

Latham & Watkins LLP

FCA to Create Global Financial Innovation Network

Latham & Watkins LLP on

FCA teams up with other regulators to advance its idea of creating a global regulatory sandbox. The FCA, along with several other financial services regulators, has launched a consultation on the operating framework for a...more

A&O Shearman

UK and Australian Regulators Agree Enhancements to FinTech Bridge

A&O Shearman on

The U.K. Financial Conduct Authority and the Australian Securities and Investments Commission have signed an enhanced cooperation agreement on FinTech innovation. The new agreement supersedes the previous cooperation...more

Latham & Watkins LLP

UK Government’s First FinTech Sector Strategy Launched at the International Fintech Conference

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The Strategy emphasises the UK government’s continued push to create a world-leading FinTech sector. At the second International Fintech Conference held on 22 March 2018, Philip Hammond, Chancellor of the Exchequer,...more

A&O Shearman

UK Central Securities Depositaries Regulations 2017 Published

A&O Shearman on

HM Treasury has published the Central Securities Depositories Regulations 2017, together with an explanatory memorandum. The Regulations implement, in part, certain Articles of the EU Central Securities Depositaries...more

WilmerHale

Actavis v. Eli Lilly1: Back to the future - The UK Supreme Court changes the test for patent infringement

WilmerHale on

The UK Supreme Court rarely hears patent cases, and will only hear cases that it considers to be fundamentally important. The court's July 12 judgment is most significant for changing the test for infringement in the United...more

Dechert LLP

Financial Services Quarterly Report - Fourth Quarter 2016: European Commission Proposes to Harmonise Insolvency Laws across Member...

Dechert LLP on

The European Commission (EC) announced proposals on 22 November 2016, which are intended to harmonise national insolvency laws across the EU through a proposed directive “on preventative restructuring frameworks, second...more

Morrison & Foerster LLP

Cloud Computing: A move towards harmonization, or continuation of a tiered service provision?

Regulators in Europe have continued to publish guidance notes designed to encourage the take-up of cloud computing services. As we report in this Alert, the views of the UK financial services regulator on the risks and...more

Foley & Lardner LLP

Brexit – Standards and Innovation: What’s Ahead?

Foley & Lardner LLP on

This article is the second in an ongoing series of blog posts by Foley & Lardner LLP on the implications of the June 23, 2016 referendum decision in the United Kingdom (“UK”) to exit the European Union (“EU”). The first blog...more

Morrison & Foerster LLP

The Digital Single Market Strategy: One Year On

In May 2015, the European Commission announced its Digital Single Market Strategy to accelerate the creation of a digital single market (DSM) across the EU. The EU’s aim is to broaden access to e-commerce, media and...more

Goodwin

Brexit’s Impact on the Biosimilar Market

Goodwin on

The United Kingdom’s referendum in favor of withdrawal from the European Union, colloquially known as “Brexit,” has already sent shockwaves through the business world, both within the UK, and abroad. The impact of Brexit on...more

BCLP

Brexit and Retail

BCLP on

Britons are due to go to the polls to vote in a referendum on 23rd June 2016 to decide whether the UK should remain a member of the EU, or exit (a so called “Brexit”). As many readers will be aware, there is no certain answer...more

Cooley LLP

Blog: Protecting Your Intellectual Property in the UK

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The digital revolution has dramatically changed how we interact with technology. Consumers are now also co-creators and technology is becoming increasingly commoditised, with companies sharing software and consumers building...more

Dorsey & Whitney LLP

EU Securities Settlement – Changes Should Make UK Listings More Attractive to US-Based Issuers

Dorsey & Whitney LLP on

Since the Markets in Financial Instruments Directive (“MiFID”) came into force in 2007, European legislators and market participants have sought to harmonise the diverging European securities settlement framework, with a view...more

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