The Financial Conduct Authority (“FCA”) has recently received an influx of applications for the authorization of climate-related funds. However, the Authority has deemed the majority of these to have serious shortcomings. In a bid to ensure quality applications, as well as full compliance with FCA standards, the Authority has recently published two Policy Statements, targeted at ESG-related investment funds. These guidelines mainly promote climate-related financial disclosure.
The FCA’s new Policy Statements are aimed at increasing transparency regarding how firms are managing climate-related risks and opportunities, so that clients and consumers are empowered to make informed decisions. The new guidelines require climate-related disclosures by asset managers, life insurers and FCA-regulated pension providers.
The Authority believes that this, in turn, will enhance market competition, benefiting consumers and offering protection from unsuitable products, while simultaneously driving investment toward greener projects and activities.
The new climate-related disclosure rules, requiring mandatory disclosures on an annual basis at entity and product level, have come into effect as of January 1st, 2022.Nel contesto economico attuale, disporre di assetti organizzativi, amministrativi e contabili adeguati non è più solo una questione di conformità normativa: è diventato un fattore strategico per accedere al credito e sostenere lo sviluppo dell’impresa.
The increasingly interconnected global art market is subject to a complex regulatory landscape that governs the import and export of cultural property. The laws surrounding these movements not only address tax and customs aspects but also protect national cultural heritage, setting stringent criteria for the preservation and management of artworks. Understanding international regulations, as well as local specifics, is crucial to avoid issues related to sanctions, seizures, and the loss of value of artworks.
Regulation (EU) 2022/2560 on Foreign Subsidies (FSR) has reshaped cross-border M&A operations. Effective with notification obligations from October 12, 2023, the FSR introduces additional scrutiny of financial contributions from third countries to preserve a level playing field in the EU market. For companies engaged in cross-border M&A, understanding and managing the FSR is essential for strategic planning.
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