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Dawn raids by the CMA or the European Commission: a first aid kit This first aid kit sets out the key “dos” and “don’ts” of how you should handle a dawn raid by the CMA or the European Commission.
Competition & Regulatory Newsletter: European Commission updates market definition guidance to reflect new market realities On 8 February 2024, the European Commission adopted a revised version of its Market Definition Notice. It is the first time the Notice has been updated since 1997, with the changes reflecting new market realities such as digitalisation and globalisation...
Change is afoot for Cyber Governance For some time we have been saying that cyber risk, like all business risks, is ultimately a corporate governance issue. Whilst the CISO / IT team have responsibility in the risk register, it is the board who has responsibility for setting risk...
Tax and the City Review - February 2024 In their latest Tax and the City article, Mike Lane and Zoe Andrews consider the possible implications for main purpose tests of the discussion of the meaning of ‘incidental’ by the Court of Appeal in Dolphin Drilling. They also discuss...
Financial Regulation Weekly Bulletin – 15 February 2024 Includes developments in relation to: sustainability reporting; ESG ratings; claims management companies; PSR; PSD3; EMIR 3; CCP recovery and resolution; Consumer Duty; GAP insurance; AML; MLD6; SARs regime; ransomware; sanctions; and misleading...
Employment Bulletin - February 2024 Settlement agreement covered future claims Dismissal unfair because employer did not consider selection pool Tribunal incorrectly assessed whether changes to incentive plan were unlawful age discrimination Non-financial misconduct in the financial...
Digging Deeper on Non-Financial Misconduct: FCA Launches Non-Financial Misconduct Survey for Lloyd's and London Market Intermediaries and Managing General Agents The FCA is asking businesses in the UK insurance market to provide information related to incidents of non-financial misconduct via a survey by 5 March 2024, including those that they have not already reported to the FCA.  In this briefing we explore...
Regulatory Barriers to a European Market for CO2 transport by ship The European Commission’s ambitious recommendations to dramatically reduce the EU’s net greenhouse gas emissions by 90 per cent by 2040, published last week, foreshadow new regulatory measures to establish a European carbon dioxide (CO2) transport and...
Podcast series : FCA Consumer Duty The Slaughter and May FIG team reflect on the lessons learned from Phase 1 of consumer duty implementation, and the challenges that face firms for closed books ahead of 31 July 2024. Our Consumer Duty series provides a reflection on the lessons...
Competition Law in the Digital Age - February 2024 Our Competition Law in the Digital Age newsletter is intended to provide insights on modern-day competition law developments in a bite-sized format. This edition covers the G7 Digital Competition Communique, the Spanish AI regulatory sandbox, the DMA...
All set for the new year: Revamped merger review regime approved in China In January 2024, China adopted the long-awaited amendments to its merger notification thresholds with immediate effect. These changes, along with last year’s revisions to the merger review rules, wrap up a complete overhaul of China’s merger review regime...
Podcast: FCA Consumer Duty: Asset and Wealth Management and Consumer Investments sector Phase 1 Complete; Phase 2 to come!  Join the Slaughter and May FIG team as they reflect on the lessons learned from Phase 1 of consumer duty implementation, and the challenges that face firms for closed books ahead of 31 July 2024.  As part of...
What do(n’t) we know about restructuring plans after Adler? A lot has already been written on the Court of Appeal decision in Adler. We’ve reflected on the decision and packaged up our key thoughts on what this means for the design and use of Part 26A restructuring plans going forwards. Whilst some...
Podcast: FCA Consumer Duty: Banking Phase 1 Complete; Phase 2 to come! Join the Slaughter and May FIG team as they reflect on the lessons learned from Phase 1 of consumer duty implementation, and the challenges that face firms for closed books ahead of 31 July 2024. As part of our Consumer...
Strengthening the chain: European Commission proposes reforms to EU foreign direct investment regulation to address divergence and blind spots The European Commission has published proposed reforms to the EU Foreign Direct Investment Regulation. These proposals are focused on increasing the effectiveness and efficiency of the Regulation, and improving harmonisation across the national screening...