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Food Safety Modernization Act Financial Institutions Financial Services Industry

The Food Safety Modernization Act is a United States federal statute enacted in 2011 to ensure the safety of the U.S. food supply and prevent food contamination. The main features of the FSMA include expanding... more +
The Food Safety Modernization Act is a United States federal statute enacted in 2011 to ensure the safety of the U.S. food supply and prevent food contamination. The main features of the FSMA include expanding the FDA's inspection of food processing facilities and imported food products, requiring all food processors, manufactures and handlers to register with HHS and maintain food safety records, and shifting the government's focus away from responding to food contamination and towards preventing food contamination.  less -
BCLP

Claim To Fame - Mass Litigation: what key trends should financial services firms be aware of in 2024?

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As we have explored in our Class Actions series, the popularity of mass claims in the English courts continues to grow. Such claims represent a substantial threat to financial institutions but, at the same time, we are also...more

Goodwin

AI and Machine Learning in UK financial services: the public response to the FCA and PRA

Goodwin on

In our previous alert, we discussed the emerging trends for regulating artificial intelligence (AI) in financial services and mentioned a joint paper published by the Prudential Regulation Authority (PRA) and Financial...more

Cadwalader, Wickersham & Taft LLP

FCA’s Introduction of a Gateway for Firms to Approve Financial Promotions

On September 12, 2023, the UK’s Financial Conduct Authority (“FCA”) published Policy Statement PS23/13 (the “Policy Statement”) setting out its final position on the introduction of a new gateway for firms that approve...more

Cadwalader, Wickersham & Taft LLP

Changes to Trading Rules Now Effective Under New Financial Services and Markets Act 2023

The Financial Services and Markets Act 2023 (“FSMA 2023”) became law on 29 June 2023, with its principal objective stated in Section 1 being the revocation and replacement of EU laws that were retained and on-shored into the...more

A&O Shearman

UK wholesale markets review update: Financial Services and Markets Act 2023 and latest developments

A&O Shearman on

On 7 July 2023, the new Financial Services and Markets Act 2023 (the Act) was published, marking a significant step in the development of the UK’s post-Brexit ‘Smarter Regulatory Framework’....more

Skadden, Arps, Slate, Meagher & Flom LLP

Insurers in Financial Difficulty: The UK Government and Prudential Regulation Authority Issue Consultation Papers Concerning...

In late January 2023, the UK government issued a detailed consultation paper to introduce a long-awaited resolution regime for UK (re)insurers. The new regime addresses long-standing concerns about how the UK would manage one...more

Jones Day

A Multifaceted Maze: The FCA's Role and Powers in Distressed Situations

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The last five years have seen a substantial increase in the number and variety of regulated firms operating in the United Kingdom, with the development in particular of financial services provided by new technology firms,...more

Hogan Lovells

Global Payments Newsletter, December 2020

Hogan Lovells on

Key developments of interest over the last month include: United Kingdom: HM Treasury is consulting on proposed insolvency changes for payment institutions and electronic money institutions, including a bespoke special...more

Latham & Watkins LLP

HM Treasury Consults on Post-EU Financial Services Regulatory Framework

Latham & Watkins LLP on

The UK government signals a diversion from the onshored regime towards a more flexible financial services regulatory framework. HM Treasury has published a consultation paper marking the start of Phase II of its financial...more

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