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Thoughts on the key next step for delivering natural environment improvements
"Examining the current state of the natural environment, standards and regulations in the UK – legally binding targets, whole system...
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FCA publishes expectations on firms when accepting pension transfer business from overseas advisers
On 27th April, the FCA published a webpage highlighting the increased risks to consumers when overseas firms refer defined benefit scheme...
New TPR guidance places Equality, Diversity and Inclusion at the forefront of the trustee agenda
On 28 March 2023, the Pensions Regulator (TPR) published two sets of equality, diversity and inclusion (EDI) guidance: one for governing...
The latest on the Capita cyber incident: what does it mean for pension schemes?
Capita cyber incident: what’s the latest?
Putting aside any speculation in the press in recent days, the official statements from Capita...
Looking to organise an innovation event? 10 key things to consider
For the last five years I’ve been responsible for delivering our innovation week, B-Innovative, at Burges Salmon. A firm-wide...
FCA publishes guidance on enhancing resilience in Liability Driven Investment
By Victoria McCarron and Alex Gillespie
On 24 April, the FCA published guidance for asset managers with a view to increasing resilience of...
FCA Business Plan focus: oversight of Appointed Representatives
The FCA's Business Plan for 2023/24, covered in overview in our earlier post, reiterates the FCA's focus on reducing misconduct that can...
TCFD report review: TPR notes "several areas for improvement"
The Pensions Regulator (TPR) has reviewed a selection of pension schemes’ annual climate reports, finding that, while there are areas of...
FCA Business Plan focus: reducing harm from firm failure
The FCA's Business Plan for 2023/24, covered in overview in our earlier post, reiterates the FCA's focus on reducing misconduct that can...
SMCR: a spring clean?
On 30 March 2023, the Financial Conduct Authority and Prudential Regulation Authority published a joint Discussion Paper (the Paper)...
ICO Response to UK Government White Paper on AI Regulation
The Information Commissioner's Office has published a response to the recent UK Government White Paper “A pro-innovation approach to AI...
Recent comments on the EU-U.S. Data Privacy Framework by the EDPB and the LIBE committee
In our last update, we discussed the ‘agreement in principle’ that was reached between the EU and US on the Privacy Shield replacement....
AI is grabbing the headlines right now…but what does this mean for HR?
What the heck is going on with AI at the moment? Yes, I know it's been around for ages but it’s attracted more headlines in the last few...
Social prescribing - a new rural land diversification?
The concept of social prescribing has been around for some time - "Farming's Value to Society", the report we co-sponsored for the Oxford...
Why a wellbeing strategy is important
The wellbeing of our people and partners is central to the way we do things at Burges Salmon. In order for us to maintain our position as...
Government launches draft plan to improve air quality, placing local authority action at its core
The government published a draft Air Quality Strategy on 11 April 2023 and has launched a short consultation seeking views on the revised...
Comparing apples & pears - the Banana Index
A consistent issue around net zero is the difficulty of comparing different actions and their impact, not only on carbon but also as to...
5 Steps for setting climate ambition
1. Consider business context
This is really about understanding the why from the business perspective, the operating context and the...
What costs can be claimed in CPO proceedings?
The recent High Court judgment in Harlow District Council v Powerrapid Limited[2023] EWHC 586 (KB), an appeal from Costs Judge Leonard...
Government launches consultation on contentious plans for High Street Rental Auctions
Back in May 2022, the Government introduced the Levelling Up and Regeneration Bill (the “Bill”) in Parliament, which, amongst other...
The Procurement Bill - Cabinet Office April 2023 Update
Two key takeaways from today's 'Transforming Public Procurement - April 2023 Update'
Bill Progress
The 'Report' Stage in the House of...
Government confirms proposals to reform the NIS Regulations in order to strengthen UK cyber resilience
The UK government has published its response to a consultation setting out how it proposes to reform the Network & Information...
DPC issues €5.5 million fine to WhatsApp Ireland
Introduction
On 19 January 2023, the Irish Data Protection Commission (the “DPC”) issued a €5.5 million fine to WhatsApp Ireland (“WhatsApp
Tech revolution in investment management?
The FCA’s discussion paper: Updating and improving the UK regime for asset management (for more, see here) includes within it the FCA’s...
Saving the world one subscription at a time – but don’t forget about financial regulation
The rise of subscription services in all areas of life is hard to miss, as many businesses (both existing and newcomers) have shifted to...
An update on Buy-Now Pay-Later
By Victoria McCarron
On 14th February, the government released its much-anticipated consultation paper and draft legislation outlining its...
The net tightens further: cryptoasset firms must prepare for the financial promotions regime
The UK Government previously set out its intention to bring the promotion of certain cryptoassets within the FCA’s remit, applying to all...
FCA to host GFIN’s first ever Greenwashing TechSprint
By Victoria McCarron
On 11 April 2023, the FCA published a press release announcing the first Global Financial Innovation Network (GFIN)’s...
Love Island influencer couples up with the FCA; ‘finfluencers’ warned about the risks involved in promoting financial products
Written by Victoria McCarron
The FCA have combined forces with the Advertising Standards Authority and influencer Sharon Gaffka (who...
Government announces new Nature Markets Framework
The government has recently published a raft of climate policy updates which outline its plans for future energy security and net zero....
The Burges Salmon Pensions Pod: That's a wrap on Season Three!
The last episode of Season Three of the Burges Salmon Pensions Pod went live just before Easter. It was our 18th bite-sized and chatty...
MHRA publishes guidance for Software and AI as a Medical Device
The MHRA has published guidance on the use of Software and Artificial Intelligence (AI) as a Medical Device.
The guidance provides access...
Are we on track to achieve the ZEV mandate?
The zero emissions vehicle (ZEV) mandate provides for a staggered requirement for vehicle manufacturers to increase the proportion of new...
Changes to Permitted Development rights and Use Classes
On Friday 31 March 2023 the Town and Country Planning (General Permitted Development and Use Classes) (Scotland) Miscellaneous Amendment...
The cost of contamination: £100k for illegal waste soil
A housing developer has agreed to pay £100,000 to three environmental charities after the Environment Agency found it had incorrectly...
FCA publishes its 2023/24 Business Plan
Written by Victoria McCarron
The FCA has published its annual Business Plan, which sets out its business priorities for the coming year....
TikTok fined £12.7m by ICO for unlawful processing of children’s data
The Information Commissioner’s Office (“ICO”) has announced that it has fined TikTok £12.7 million for illegally processing children's...
Global AI Index 2023: AI regulation
The AI Index Report 2023 has been published by Stanford University for a sixth year, with global analysis of trends in areas such as AI...
Fire Safety: Lord Justice Coulson - From Ronan Point to Grenfell: The Decline and Fall of Building Safety
On 28 March 2023, Keating Chambers hosted a lecture in commemoration of Donald Keating QC. Lord Justice Coulson spoke on “From...
Building Safety: Building Safety Regulator Conference - key takeaways
On 22 March 2023 the Building Safety Regulator ("BSR") hosted its inaugural conference to discuss building safety at Westminster Hall...
Building Safety: The Building Safety (Registration of Higher-Risk Buildings and Review of Decisions) (England) Regulations 2023
In accordance with Part 4 of the Building Safety Act 2022 (the “BSA”), which imposes a more stringent safety regime on buildings defined...
Why a gender pay gap – and how to reduce it
Burges Salmon has a 15% gender pay gap, down 7% since 2018 (these are the mean figures). Our gender pay gap exists because of the larger...
Dealing with APP fraud: publication of scam data
As part of ongoing measures to combat Authorised Push Payment (“APP”) fraud, the Payment Systems Regulator (“PSR”) has published its...
CAP and BCAP publish updated guidance on environmental claims in advertising
The Committee of Advertising Practice (“CAP”) and the Code of Broadcasting Advertising (“BCAP”) have published an update to their...
Generative AI – Questions to help navigate the Data Protection and Cyber Security Risks
Generative AI – AI which itself generates content such as text, video and audio that resembles human-made content – is a hot topic:
- the UK...
Cryptoasset promotions: changes afoot
Written by Victoria McCarron
Draft versions of the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023...
AI regulation in the UK: Government White Paper published
The UK Government has published a White Paper setting out how it proposes to regulate Artificial Intelligence (AI).
This article...
Undertaking given to FCA under Consumer Rights Act 2015 concerning unfair terms in insurance broker contract
Policy Excess Insure Limited (trading as Nova Direct), gave the undertaking in relation to three terms in its insurance broker contract...
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