Last week, the FCA issued its Primary Market Bulletin 44 ("PMB44") giving some guidance for listed companies preparing for their first season's reporting under the Listing Rules' new board diversity and inclusion rules, a...more
On 13 March 2023, the UK's Parker Review on Ethnic Diversity on UK Boards (the “Review”) published an update report (the "2023 Update") detailing recent progress that has been made in addressing the disparity between levels...more
On 28 February, 2023 the FTSE Women Leaders Review (the "Review") published its second report (the "2022 Report") on progress in the UK towards meeting its December 2025 target of FTSE 350 companies having at least 40% female...more
Bank of England market intervention after presentation of tax package -
On 23 September, the new U.K. Government conducted the emergency fiscal event it had scheduled when taking power at the beginning of the month. Many...more
On July 16, 2020, the Court of Justice of the European Union (the CJEU) issued its judgment in the long-running Schrems litigation (the Schrems II decision), holding that the EU-U.S. Privacy Shield entered into between the EU...more
Job Protection Package Includes VAT Change in COVID-19-Affected Sectors and Stamp Duty Relief For Residential Property -
On 8 July 2020, the U.K. Chancellor of the Exchequer delivered a Summer Statement setting out the...more
The COVID-19 pandemic has resulted in unprecedented disruption to worldwide markets and personal livelihoods, affecting global companies, small companies and main street businesses alike. As business owners struggle to...more
On 20 March 2020, the UK Chancellor of the Exchequer announced a package of COVID-19 measures. The measures on tax include the deferral of VAT payments by businesses and of income tax payments due from certain individuals,...more
The EU’s General Data Protection Regulation Comes Into Effect on 25 May 2018.
Any company anywhere in the world which holds personal identifying information about EU resident private individuals will be impacted....more
The UK Government recently announced that it would introduce a new statutory duty of responsibility on senior managers in all financial institutions and repeal the presumption of responsibility that would have applied to...more
On 15 October 2014 the European Banking Authority (“EBA”) issued a report on the use of role-based fixed allowances by various financial institutions within the European Union (“EU”) affected by the EU bonus ratio cap....more
There has been no shortage of press coverage about the lack of employment diversity in the financial services sector. Now, both the US Congress and the European Union have taken action in an attempt to remedy historical...more
On 27 February 2013 the European Union (“EU”) reached a provisional deal on imposing a cap on the variable remuneration that can be paid by financial institutions in the EU. If, as expected, this provisional deal is formally...more