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EFIG: European Banking Newsletter – June 2024 Developments in this month's edition include:
Financial Regulation Weekly Bulletin - 6 June 2024 Includes developments in relation to: MiCA; DORA; greenwashing; cybersecurity; SDR; cryptoassets; MREL; CRR; cloud services; business banking; LIBOR; IFR; IFD; and Solvency II.
The Lens Newsletter - June 2024 A selection of our latest blogs on all things digital from our experts and thought leaders here at Slaughter and May.
BLOG: Good news for secondary debt markets in interest withholding tax case before UK Upper Tribunal HMRC v Burlington Loan Management DAC is an important decision for the smooth running of secondary debt markets. It is also a helpful precedent for tax authorities, taxpayers and tax advisers alike as they spend more time in the future considering when an...
Competition & Regulatory Newsletter: DMCC Act receives Royal Assent On 24 May 2024, the long-awaited Digital Markets, Competition and Consumers Act 2024 received Royal Assent. The Act introduces sweeping reforms to UK competition law and consumer protection. It creates a new ex-ante regulatory regime aimed at increasing...
New UK securitisation regulations - Edinburgh reforms In this Article, Louis Kriechbaum discusses the new UK Securitisation Regulations and the Edinburgh Reforms.
First time originator's guide to securitisation In this Article, Peaches Stanforth discusses the advantages of securitisation for originators considering it for the first time.
Securitisation reporting - revisiting the distinction between public and private securitisations In this article we describe the current distinction between private and public securitisations in the EU and UK (which is currently being reviewed by regulators) and the need for changes in the EU and UK to dovetail with one another.
UK developments: Consumer duty and other current regulatory topics affecting securitised assets Developments in UK financial regulation over the last 18 months have substantially increased the attention which originators, other participants and investors in securitisations of UK retail assets need to give to regulatory risk.
The new securitisation rules In this briefing, Kate Patane outlines the key take-aways from the two recent policy statements issued by the PRA and FCA on the UK Securitisation Regulations.
Hargreaves in the Court of Appeal: A return to orthodoxy on withholding taxes? The Court of Appeal has dismissed Hargreaves’ appeal against the Upper Tribunal’s decision and determined that tax should have been withheld from interest paid on loans advanced to the group. The judgment provides taxpayers and their advisers...
Financial Regulation Weekly Bulletin - 30 May 2024 Includes developments in relation to: CSDDD; MiCA; DORA; operational resilience; UK general election; CRR III; CRD VI; Basel III standards; securitisation; building societies reform; card-acquiring services; AI; GAP insurance; ‘pre-close’ calls; MAR;...
BLOG: VAT recovery on shares sale: no special rule for fundraising transactions The UK Court of Appeal’s decision in Hotel La Tour has dashed taxpayers’ hopes of being more readily able to recover VAT paid on deal fees in respect of share sales. It is possible that the taxpayer may seek to appeal to the Supreme Court (after all, the...
Corporate Update Bulletin - 30 May 2024 Corporate Update is our fortnightly bulletin highlighting the latest legal and regulatory developments of interest to corporates.
Getting Ready Series: Corporate Sustainability Due Diligence Directive Our Sustainability team has been exploring upcoming ESG regulatory developments, helping companies to grapple the sheer volume of reporting disclosures across the UK, EU and globally. We explore the 'What,' 'When,' 'Who,' and 'Why' of the Corporate...