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EFIG: European Banking Newsletter - February 2020 Developments covered in this month’s edition include: Supervised entities as of 1 December 2019 - ECB publishes updated list of supervised entities Dividend distribution policies and variable remuneration policies under Single Supervisory... Lexology Getting the Deal Through - Cartel Regulation 2020 Cartel Regulation addresses the most important issues practitioners face to mitigate the fines imposed on clients under the scrutiny of antitrust authorities. It provides expert local insight into cartel regulation worldwide. We have co-authored the Euro... Employment Bulletin - February 2020 Topics covered in this bulletin: Employment Bill Courier was a worker despite right to substitute Draft Code of Practice on workplace harassment Suspension was a breach of trust and confidence Horizon scanning Competition Law in China A summary of the key provisions of the Anti-Monopoly Law in the People's Republic of China, including recent merger cases and private litigation claims. The People’s Republic of China (PRC) has a comprehensive system of competition law under it... International tax reform: one step forward? The Inclusive Framework's update on its two-pillar approach to addressing the tax challenges of the digitalisation of the economy has clarified the scope of Pillar One - the outline of the architecture of a unified approach has been agreed. Progr... Putting consumers first: A new era for consumer protection There have been growing concerns for the past few years that the current legal framework is insufficient to adequately protect consumers in the rapidly-evolving digital economy. Against this backdrop, a wave of reforms to existing consumer protection laws... Competition & Regulatory Newsletter On 21 January 2020 the Court of Appeal dismissed Ping Europe Limited’s appeal, agreeing with the Competition and Markets Authority and the Competition Appeal Tribunal that online sales bans constitute a restriction of competition law by object. Comp... China’s Anti-monopoly Law and new Merger Review Rules: Time of Change? The Chinese competition regulator started the New Year with a flurry of activity on the policy development front. Key among these were the public consultations released in early January on the proposed amendments to China’s 12-year-old Anti-monopoly... Tax and the City Review for January 2020 Mike Lane and Zoe Andrews review the decision of the Upper Tribunal in Target Group Limited. They also consider HMRC’s statement on CFC State aid recovery and the revised consolidated guidance on the Code of Practice on Taxation for Banks. HMRC&rsq... Early release by the SFC from a suspension from acting as IPO sponsor: Reminder on the regulator’s policy focus on intermediaries’ conduct On 14 January 2020, the Securities and Futures Commission (the Commission) announced the early release of UBS Securities Hong Kong Limited (UBS) from a previous disciplinary penalty which suspended its license to act as a sponsor for listing applications ...