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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

Thackray Williams—Lucy Zhu

Thackray Williams—Lucy Zhu

Dual-qualified partner joins as head of commercial property department

Morgan Lewis—David A. McManus

Morgan Lewis—David A. McManus

Firm announces appointment of next chair

Burges Salmon—Rebecca Wilsker

Burges Salmon—Rebecca Wilsker

Director joins corporate team from the US

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