


Introducing a UK Insurer Resolution Regime
HM Treasury unveiled yesterday its long awaited consultation paper for a new Insurer Resolution Regime ("IRR") with the consultation set to run until 20 April 2023. Read more

The Bank of England’s Annual Report on FMIs: A stocktake and detail on the future approach on FMI supervision

FCA review of Consumer Duty implementation plans – the good and the bad
The FCA's review of firms' progress on implementing the Consumer Duty contains some important guidance for firms to follow in the lead up to 31 July 2023. Read more

Need for caution in marketing cryptoassets (Moneybrain Ltd v The Financial Conduct Authority)
The Upper Tribunal has issued its judgment in the case of Moneybrain Ltd v The Financial Conduct Authority. The judgment is relevant to cryptoasset businesses, particularly those dealing with tokens that have some (theoretical or practical) correlation to other assets, and the promotional material in respect of these tokens. Read more

Isolated complaint or systemic issue? Hong Kong Monetary Authority strengthens requirements for complaints handling and investigating control deficiencies to be implemented by 5 April 2023
What are authorised institutions (AIs) required to do when they receive a customer complaint? On 6 January 2023, the Hong Kong Monetary Authority (HKMA) issued its updated Supervisory Policy Manual (SPM) module IC-4 on complaints handling and redress. The updated IC-4 imposes new requirements on AIs under an enhanced complaints handling framework, in line with one … Read more

When AI meets the Consumer Duty
Herbert Smith Freehills LLP has published an article in Butterworths Journal of International Banking and Financial Law on artificial intelligence (AI) and the Consumer Duty. Read more

NFT infringes trade mark rights – Italian Court grants preliminary injunction in Juventus case

Corporate Crime Webinar – G7 Russian oil price cap
Herbert Smith Freehills recently hosted a webinar to discuss the way in which the recent Russian oil price cap measures will operate across the UK, EU and US and to consider the potential challenges that may arise for companies wishing to deal in Russian oil and those who provide related services. The introduction of the … Read more