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Date for the diary: UK Government announces launch date of the new national security screening regime On 20 July 2021, the UK Government published guidance on the National Security and Investment Act ahead of its commencement on 4 January 2022. On 20 July 2021, the UK Government announced that the long-expected National Security and Investment Act (the...
Competition & Regulatory Newsletter (7 - 20 July 2021) European Commission imposes €875m fine on car manufacturers in novel emissions technology cartel European Commission imposes €875m fine on car manufacturers in novel emissions technology cartel On 8 July 2021 the European Commission announced...
Data Privacy Newsletter - Issue 16 Selected legal and regulatory developments in data privacy for July 2021 It was so very close… But, unlike the football, we got the result we wanted… On 28 June, the EU adopted its adequacy decisions for the UK under the EU GDPR and...
Tax and the City Review for July 2021 Mike Lane and Zoe Andrews consider the FTT’s decision in West Burton; the High Court judgment in TP ICAP; the attractiveness of the UK for financial services and EU public country-by-country reporting rules. The FTT in West Burton decides that you...
FCA guidance on Part VII transfers - proposed changes On 8 July the FCA published a consultation on amending the guidance on their approach to the review of Part VII insurance business transfers.  GC 21/3: Proposed changes to guidance on the FCA’s approach to the review of Part VII insurance...
The consequences of paying with data There is a growing concern that individuals are losing control over their data as a result of the shift from traditional payment mechanisms to ‘paying with their data’. In this briefing we explore the intended and unintended consequences of...
BLOG: Delivering the European Green Deal The European Commission has adopted a package of measures intended to put the EU firmly on the road to climate neutrality by 2050 with the intermediate step of a minimum 55% reduction in net greenhouse gas emissions by 2030. An overhaul of the EU...
Global Investigations Bulletin (July 2021) In our latest Global Investigations Bulletin for July 2021 we discuss the global settlement agreements secured by Slaughter and May client John Wood Group, and set out the latest news in global investigations and enforcement actions. John Wood Group plc...
Attracting more IPOs to London: FCA and Government publish proposals The FCA and HM Treasury have proposed some of the most significant changes to the UK listing and prospectus regimes for many years and are designed primarily to attract more companies to list in London.  This month the FCA and HM Treasury proposed...
EFIG: European Banking Newsletter - July 2021 Development's in this month's edition include: Regulation and Directive on digital operational resilience – European Central Bank publishes Opinion Single supervisory mechanism – European Central Bank Regulation amending Regulation...