Publication
Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
United Kingdom | Publication | November 2024
In this edition of Regulation Around the World we review the UK Financial Conduct Authority’s (FCA) Consumer Duty (UK Consumer Duty) and see if other international financial services authorities have already got similar concepts in their frameworks; or whether the UK Consumer Duty not only sets a new UK standard for conduct in retail markets, but a new international standard across those markets surveyed.
We do this by taking a closer look at eight core components of the UK Consumer Duty, to identify whether it is a global first or whether in fact there are areas of other markets internationally which are already comparable to this new ‘higher standard’ in the UK.
The core components are:
In terms of other markets, we review the regimes as they apply to investment business in the European Union, Australia, South Africa, Singapore, Hong Kong, China and the United States.
The publication covers developments to October 30, 2024.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Publication
In this edition of Regulation Around the World we review the UK Financial Conduct Authority’s (FCA) Consumer Duty (UK Duty) and see if other international financial services authorities have already got similar concepts in their frameworks; or whether the UK Duty not only sets a new UK standard for conduct in retail markets, but a new international standard across those markets surveyed.
Publication
The arbitration agreement within a contract is a contract in its own right, collateral to the main contract. The law governing the arbitration agreement covers substantive matters relating to the agreement to arbitrate, for example, the interpretation, scope and validity of the agreement to arbitrate.
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