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Sustainability regulations: no greenwashing allowed!

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Jeremy Richmond KC, Michael Rhode & Alexander Emmott provide an overview of developments in sustainability regulations, push payment fraud & de-banking
  • Considers incoming FCA regulations on greenwashing and sustainability advertising.
  • Notes developments in law regarding authorised push payments fraud.
  • Covers the latest developments in ­­­de‑banking (de-risking).

UK financial institutions continue to face a complex regulatory landscape, balancing a developed financial system with customer protections. With new regulations set to be introduced by the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) later this year and beyond, this article considers protections (and risks) associated with some of the proposals and talking points.

Sustainability disclosure requirements

With increased focus on environmental, social and governance (ESG) issues, driven by global demand and stakeholder pressure, new and challenging risks arise for the UK’s financial institutions.

ESG-related litigation initially emerged predominantly with shareholder actions under ss 90 and 90A of the Financial Services and Markets Act 2000, or derivative actions under s 260(1) of the

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MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
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