On 13 June 2024, the Labour Party issued its Manifesto for the 2024 General Election.

Financial services related comments in the Manifesto include:

  • Financial services are one of Britain’s greatest success stories. Labour will create the conditions to support innovation and growth in the sector, through supporting new technology, including Open Banking and Open Finance

Our podcast series Split the Difference explores divergence between the EU and UK regulatory regimes in the markets space. In the latest episode, Hannah Meakin, Anna Carrier and Simon Lovegrove explore the differences between the EU DLT Pilot Regime and the UK Digital Securities Sandbox.

Listen to the episode here.

The European Parliament elections took place between 6 and 9 June 2024. While the results are still coming in, the provisional data indicates that even though the traditional parties have retained their majority in the hemicycle, the more radical groupings on the right have gained more ground. This is in line with opinion polling carried

In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Matthew Shanahan, Karl Masi and Hasanali Pirbhai from our Dubai office discuss recent UAE regulatory developments including the UAE’s removal from the FATF

We have published a new briefing note – The ECON Report on the proposal for an EU Retail Investment Strategy – Some small steps in the right direction, a large step towards governmental price controls for investment services.

Following an intense debate, the European Parliament (EP) accepted the proposal for an Omnibus

In a unanimous decision, the United States Court of Appeals for the Fifth Circuit vacated the SEC’s “Private Fund Advisers Rule.” The Fifth Circuit determined that existing law did not provide the SEC the authority to issue rules covering private investment funds.

Read the full US Regulatory Intelligence article, SEC Strikes out on “Private Fund

On 7 June 2024, there was published in the Official Journal of the EU, Commission Implementing Regulation (EU) 2024/1618 of 6 June 2024 amending Implementing Regulation (EU) 2021/763 laying down implementing technical standards for the application of the Capital Requirements Regulation and the Bank Recovery and Resolution Directive with regard to the supervisory reporting and