FCA’s new rules on climate-related disclosures by asset managers

In June this year, the Financial Conduct Authority (“FCA”) published a consultation paper setting out its proposals to introduce climate-related financial disclosure rules and guidance for asset managers, life insurers, and FCA-regulated pension providers, consistent with the TCFD’s recommendations and recommended disclosures (CP 21/17) (the “Consultation Paper”). Our earlier briefing focused on how the proposed rules and guidance … Read more

UK National Security and Investment Act 2021: what do investors need to know?

The post below was first published on our Competition blog On 4 January 2022 the UK National Security and Investment (NSI) Act enters into force, introducing a new foreign direct investment (FDI) regime with standalone powers for the review of FDI in the UK. The new regime replaces the existing public interest merger regime provisions … Read more

Global energy crisis explainer: Why it can’t be put on the backburner (podcast)

In this podcast, Paul Butcher, our Director of Public Policy, looks at: the unprecedented nature of the current situation for natural gas, coal and electricity the consequences we are seeing for industry and consumers what caused the crisis, including: the ‘series of unfortunate events’ the surprising consequences of the pandemic and new ways of working … Read more

UK’S ENERGY SUPPLY MARKET – BRIEF EXPLAINER OF THE ROLE OF THE DEFAULT TARIFF CAP AS OFGEM ANNOUNCES NEW ACTIONS IN RESPONSE TO THE ENERGY CRISIS

There is an ongoing global energy crisis with record prices for natural gas, coal and electricity. One aspect specific to the UK, including in relation to the large number of electricity suppliers that have ceased trading this year (21 as of the date of this briefing), is the default tariff cap introduced in 2019. Also … Read more