Following its consultation earlier this year, the UK Financial Conduct Authority has now published a policy statement setting out its final rules for extending the Senior Managers and Certification Regime to solo-regulated...more
In an effort to update UK discrimination law, the Women and Equalities Committee of the UK Parliament (the Committee) has published its report following a yearlong inquiry into the legal aspects of enforcement across all...more
The UK government has published its response to its proposals to prevent the misuse of nondisclosure agreements and confidentiality clauses in situations of workplace harassment or discrimination. While the UK government has...more
In a global environment of heightened regulatory accountability and scrutiny, the Bank of England, Financial Stability Board, and Financial Conduct Authority have signalled their continued interest in promoting the need for...more
The UK government has recently published draft legislation that, from April 2020, will require many private sector businesses engaging self-employed contractors through intermediary service companies to consider whether...more
Following the launch of an enquiry in November 2018 examining the use of nondisclosure agreements (NDAs) where allegations of harassment or discrimination have been made by an employee, the UK Parliament’s Women and...more
The Financial Conduct Authority (FCA) has recently published its final guidance on statements of responsibilities, responsibilities maps, and its policy statement on the new FCA directory for financial services workers, ahead...more
UK Business Minister Kelly Tolhurst on 4 March announced new legal proposals to tighten the rules on the use of nondisclosure agreements (NDAs) and confidentiality clauses in an employment context, with a view to enhancing...more
The UK’s Government Equalities Office (GEO) published two sets of guidance on 8 February to help employers understand, address, and close their gender pay gap (GPG)....more
Former Great Britain cyclist Jess Varnish has failed in her attempt to prove that she was an employee of either British Cycling or UK Sport at an employment tribunal. Varnish had filed claims relating to her alleged dismissal...more
A new statutory Code of Practice will be developed by the Equality and Human Rights Commission in order to guide employers on their legal responsibilities regarding sexual harassment in the workplace. This was one of 12...more
The UK’s Senior Managers and Certification Regime (SMCR) is extended to the insurance and reinsurance sectors as of today, December 10. A package of regulatory rules and standards, SMCR is designed to fundamentally change the...more
As the #MeToo movement continues at pace, the Women and Equalities Committee of the UK Parliament (the Committee) has launched a new inquiry into the wider use of nondisclosure agreements (NDAs) in harassment and...more
The Financial Conduct Authority (FCA) proposed guidance on 11 October 2018 for formulating a Statement of Responsibilities for Senior Managers, ahead of the extension of the Senior Managers and Certification Regime (SMCR) to...more
The Advisory, Conciliation and Arbitration Service has provided more comprehensive guidance for employers giving employment references in the United Kingdom. Regulated firms are also subject to additional regulatory reference...more
The Financial Conduct Authority and Prudential Regulation Authority published policy statements on 4 July on the extended Senior Managers and Certification Regime, setting out near final rules for solo-regulated firms and...more
As part of its 2015 workplan to reduce misconduct risk in financial institutions, the Financial Stability Board is consulting on recommendations for data reporting on the use of compensation tools to address misconduct risk....more
The Senior Managers and Certification Regime (SMCR), which came into force in March 2016 for UK banks, PRA-designated investment firms, and UK branches of foreign banks, changes the way in which individuals working in...more
More than ever, issues of gender equality and pay and sex discrimination in the workplace are at the forefront of public consciousness. Against the backdrop of significant momentum behind the #MeToo movement and other gender...more
Firms should establish implementation teams, create project plans, design procedures, and take several other measures to prepare for the new rules.
The UK Financial Conduct Authority (FCA) has published three more...more
In the United Kingdom, gender diversity and equal pay have been hitting the headlines. Halfway through the UK's first gender pay reporting year and with less than six months to go until the deadline for publication of...more
The Financial Conduct Authority has published a Consultation Paper containing its proposals to expand the Senior Managers and Certification Regime to all FSMA-authorised firms; the window for providing comments to the FCA...more