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Employment Bulletin - July 2024 Topics covered in this bulletin: Employment Rights Bill; Meaningful consultation required before deciding on redundancy pool; Guidance on new duty to prevent sexual harassment in the workplace; Renewal of fixed-term contract beyond four years was jus... Funded Reinsurance - PRA Final Policy On 26 July the PRA published PS13/24, setting out feedback to CP24/23 - Funded reinsurance, together with a final supervisory statement (SS5/24) and accompanying Dear CEO letter. The new policy expectations set out in SS5/24 came into effect immediately. ... Competition and Regulatory Newsletter: EU, UK and US competition authorities publish shared principles for competition in AI On 23 July 2024, the European Commission, the UK Competition and Markets Authority, the US Department of Justice and the US Federal Trade Commission published a joint statement on competition in generative AI foundation models and AI products. The stateme... The International Comparative Legal Guide to Fintech 2024 David Shone, David Ives, James Cook and Charles Randall provide corporate counsel and international practitioners with an overview of the UK legal and regulatory landscape for fintech.  This chapter is from The International Comparative Legal Guide –... Hong Kong Introduces Regulatory Regime for Stablecoin Issuers The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) issued a consultation paper in December 2023 on a proposal to regulate fiat-referenced stablecoin (FRS) issuers in light of the potential monetary and financ... EFIG: European Banking Newsletter – July 2024 Developments in this month's edition include: PH and others v European Central Bank - (Case T-323/22) EU:T:2024:460 Non-bank PSP access to central bank payment systems and accounts - ECB publishes policy Digitalisation of banks in the SSM - ECB publishes... CMA consults on new direct consumer enforcement guidance The Digital Markets, Competition and Consumers Act 2024 introduces a new direct enforcement model for consumer protection, bringing the consumer protection regime more closely in line with the CMA’s existing Competition Act enforcement powers. On 31 July ... Hong Kong Competition Tribunal orders penalties in the government subsidies cartel case On 7 June 2024, the Hong Kong Competition Tribunal (“Tribunal”) found eight undertakings and individuals liable for cartel conduct relating to quotations provided to the Innovation and Technology Commission of the Hong Kong Government (“ITC”) in response ... The Asset Management Review - 9th edition - EU chapter This chapter considers the legal, regulatory and market developments in asset management in the EU. This chapter considers the legal, regulatory and market developments in asset management in the EU. This chapter was first published in The Asset Managemen... The Asset Management Review - 9th edition - United Kingdom chapter This chapter considers the legal, regulatory and market developments in asset management in the UK. This chapter considers the legal, regulatory and market developments in asset management in the UK. This chapter was first published in The Asset Managemen...