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Competition & Regulatory Newsletter: CMA publishes final report in music and streaming market study On 29 November 2022, the Competition and Markets Authority published its final report in connection with its market study into music and streaming services. The market study considered, amongst other things, whether any potential lack of competition betwe... Asset Management – Hot Topics, Winter 2022 Our Winter 2022 edition of the Asset Management Hot Topic series covers some of the key developments affecting the sector including the FCA's Consumer Duty, ongoing regulatory developments relating to ESG and the retailisation of private capital. Wel... BLOG: New double taxation agreement between the UK and Brazil In September 2022, Brazil and the UK announced a first round of negotiations for a double taxation agreement (DTA) following several years of discussions on technical and policy issues. It appears that the formal negotiations progressed well, given that a... Employment Bulletin - November 2022 Topics covered in this bulletin: Future employment legislation CAC’s jurisdiction over European Works Councils post Brexit Dismissal “vanished” on successful appeal even though employee did not want reinstatement Horizon s... Competition & Regulatory Newsletter: Court of Justice issues judgment in Fiat State aid case On 8 November 2022, the European Court of Justice handed down its judgment in the Luxembourg and Fiat case, finding that the European Commission and the General Court had erred in their conclusion that Luxembourg had granted unlawful State aid to Fiat. Th... COP27 – Summary of key announcements A breakthrough emerged on Sunday morning, with the announcement that almost 200 countries had agreed to set up a fund to cover the “loss and damage” that vulnerable nations are suffering due to climate change – a particularly contentious... Bank of England's consultation on amendments to MREL In this briefing we consider the impact of the consultation published by the Bank of England on 15 October 2024 on proposed amendments to consolidate and simplify the approach to setting a minimum requirement for own funds and eligible liabilities (MREL).... PRA's consultation on amendments to the UK large exposures regime In this briefing we consider the potential effect of proposals in the PRA’s consultation paper (CP 14/24) published on 18 October 2024 to amend the large exposures (LE) regime.  Key takeaways The UK large exposures (LE) regime, which applies to UK ba... Employment Bulletin - October 2024 Topics covered in this bulletin: The Employment Rights Bill 2024; The Investment Association’s Principles of Remuneration; Supreme Court finds part-time referees could be employees; Guidance on the new duty to prevent sexual harassment; Horizon scanning T... Inside Information and the Market Misconduct Regime The Securities and Futures Commission (SFC) has recently commenced Market Misconduct Tribunal (MMT) proceedings in connection with alleged insider dealing and late disclosure of inside information relating to the securities of Hong Kong listed company, Di...