Publication
APRA switches off AT1s
In a somewhat surprising announcement, on Wednesday the Australian Prudential Regulation Authority (APRA) released a discussion paper.
United Kingdom | Publication | July 2024
On July 1, 2024, the Financial Conduct Authority updated its webpage on its sustainability disclosure requirements and investment labelling regime. This is relevant to all FCA-regulated firms and pension arrangements using or wanting to apply a label under the regime.
The FCA has introduced rules and guidance to help consumers navigate the market for sustainable investment products. These are:
Labels can be displayed from July 31, 2024, provided that the fund meets the requirements. The webpage includes a new section on how firms can notify the FCA about their use of an investment label for a fund. It also provides information on how to apply to make associated changes to a fund's name, investment objectives or policy.
Firms must notify the FCA when using an investment label through the form on its online notification and applications system. Although the FCA does not actually approve labels, firms are required to notify it when they use, revise or stop using a label.
Publication
In a somewhat surprising announcement, on Wednesday the Australian Prudential Regulation Authority (APRA) released a discussion paper.
Publication
July and August saw significant developments in Australia’s financial services landscape. Notably, ASIC acknowledged the royal assent of the DBFO Act.
Publication
On 3 September 2024, the ECJ delivered its judgment in Illumina’s appeal against the General Court’s (GC) judgment confirming the European Commission’s (EC) powers to review concentrations under the EU Merger Regulation (EUMR) in circumstances where no Member State has jurisdiction under national law.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023