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Regulators support government growth objective and aim to reduce regulatory burden
Since the general election, the new Labour government has been signalling its intentions for financial services as a key driver of its economic growth agenda and, following the Autumn Budget, HM Treasury launched a call for evidence which outlined the government's plans for its Financial Services Growth & Competitiveness Strategy (Strategy).
Read moreGovernment consults on regulation of Buy-Now Pay-Later products
In 2021, HM Treasury announced its intention to regulate certain unregulated buy-now pay-later (BNPL) products in the UK. This followed recommendations made in the Woolard Review which raised concerns about the increased use of BNPL products during the pandemic and the significant risk that these unregulated credit products could cause consumer harm.
Read moreFCA consults on changes to the payments safeguarding regime
Under the Payment Services Regulations 2017 (PSRs) and the E-Money Regulations 2011 (EMRs) payment institutions (PIs), electronic money institutions (EMIs), small EMIs and credit unions are required to protect "relevant funds" which they receive when making a payment or in exchange for e-money that has been issued. Current safeguarding requirements are set out in the PSRs and EMRs, with guidance contained in the Financial Conduct Authority's (FCA) Approach Document.
Read moreSupreme Court resolves key construction and professional negligence issues in URS Corp Ltd v BDW Trading Ltd
The Supreme Court handed down its keenly awaited judgment in URS Corp Ltd v BDW Trading Ltd [2025] UKSC 21 on 21 May 2025. The dispute concerns whether a developer (BDW Trading Ltd) can recover the cost of remedying allegedly dangerous defects in two residential developments from the structural engineers (URS Corporation Ltd) responsible for their design. Our specialist construction insurance team consider the key points for insurers, brokers and professional consultants.
Read moreRegulatory Radar: quick takes May 2025
Welcome to the latest edition of our bi-monthly Regulatory Radar: quick takes update, which collates the latest developments from across the UK’s regulators.
Read moreArchitects' Code reforms – it's important that you have your say!
The Architects Registration Board (ARB) is consulting on a proposed new code of professional conduct for architects. The proposed new Code is shorter and simpler, but may be more complex to apply and more onerous. Architects should consider responding to the consultation by the deadline of 12 December 2024.
Read moreThe Week That Was - 20 September 2024
Welcome to the week that was, a round-up of key events in the construction sector over the last seven days.
Read moreThe Week That Was - 13 September 2024
Welcome to the week that was, a round-up of key events in the construction sector over the last seven days.
Read moreThe Week That Was - 6 September 2024
Welcome to the week that was, a round-up of key events in the construction sector over the last seven days.
Read moreThe Week That Was - 30 August 2024
Welcome to the week that was, a round-up of key events in the construction sector over the last seven days.
Read moreRICS disciplinary process: an overview for surveyors
Download our complete guide to the procedure involved in a disciplinary investigation against a chartered surveyor.
Read moreThe Week That Was - 23 August 2024
Welcome to the week that was, a round-up of key events in the construction sector over the last seven days.
Read moreThe Week That Was - 16 August 2024
Welcome to the week that was, a round-up of key events in the construction sector over the last seven days.
Read moreConstruction and Engineering Law 2024
We are delighted to have contributed once again to ICLG's Construction and Engineering Law guide for 2024. The comprehensive guide delves into the multifaceted world of construction and engineering law, providing an essential reference for understanding and comparing the handling of common legal challenges across various jurisdictions.
Read moreConstruction disciplinary trends analysis #3: fraud and dishonesty
This article is the third instalment in our mini-series analysing trends in disciplinary decisions involving construction professionals, with insight from our specialist disciplinary team.
Read moreConstruction disciplinary trends analysis #2: engagement letters – worth more than the paper they're written on!
This article is the second in our mini-series analysing trends in disciplinary decisions involving construction professionals, with insight from our specialist disciplinary team.
Read moreConstruction disciplinary trends analysis #1: continuing professional development
This article is the first in our mini-series analysing trends in disciplinary decisions involving construction professionals, with insight from our specialist disciplinary team.
Read moreHow should Financial Institutions manage the rise of non-financial misconduct?
Over the last few months, Parliament's Treasury Committee has sought to examine the many barriers faced by women in financial services through the aptly named "Sexism in the City" inquiry.
Read moreQuid game – fixed costs; pick your battles
Ordinarily, the claims that make the headlines are those that have the highest value or the most significant impact on the public. With the costs landscape ever-changing in civil claims, without careful planning and strategy, even modest claims can end up biting defendants in the longer-term.
Read moreCastle caper condoned? Court of Appeal rules on dishonest condonation and aggregation under solicitors policy in Discovery Land v AXIS
On 15 January 2024 the Court of Appeal handed down judgment in Discovery Land Company LLC and others v Axis Specialty Europe SE [2024] EWCA Civ 7. The case concerns the ability of a solicitors’ insurer to decline cover for a claim on grounds of dishonesty and, in particular, the meaning of “condonation” of dishonesty. It also concerns how the aggregation clause operates in a solicitors’ professional indemnity insurance policy.
Read moreLaw passed to regulate Significant Investments in Singapore Entities
The Significant Investments Review Bill (the "Bill") was recently passed by Parliament on 9 January 2024, and is expected to take effect in the first half of the year.
Read moreThe Terminator: A Tale of Two Insurance Claims
It is 2029, and the Machines are losing their war with Humanity. What to do?
Read moreProject Angel Bidco v AXIS - what are the key takeaways for warranty and indemnity insurers?
On 31 October 2023, the London Circuit Commercial Court gave judgment in Project Angel Bidco Limited (in administration) v Axis Managing Agency Limited & Ors (2023) EWHC 2649.
Read moreWordings do matter
Contract drafting has been brass tacks for lawyers since the dawn of time. In its broadest terms, it involves putting the scope of a bargain reached between parties into clear and effective language.
Read moreStorm Babet, flooding and the insurance implications
Subtropical cyclone Storm Babet is currently responsible for over 350 flood warnings in the UK, with more flood warnings expected later this week.
Read moreGetting to know Global Access Lawyers
Global Access Lawyers brings together some of the worlds leading insurance law practices. In the following pages get to know the different law firms that make up Global Access, who we are, where we operate and the kind of work we do. We hope you find this useful to understand the international reach of Global Access.
Read moreCourt of Appeal finds in favour of FSCS on scope of the Policyholder Protection Rules (PRR)
The Court of Appeal has upheld an appeal by the FSCS from a High Court decision to grant an application for JR against FSCS following FSCS's refusal to compensate a policyholder for an insolvent insurer's failure to meet its liabilities.
Read moreWhat does the FRC's proposed corporate governance overhaul mean for D&O exposures?
The Financial Reporting Council (FRC) has now published the draft new UK Corporate Governance Code following the Government's requirements that it incorporate more robust internal control and prudent and effective risk management requirements. The deadline for responses to the FRC's consultation is 13 September 2023.
Read moreConsumer duty and claims handling – beware of sludge practices
The Consumer Duty is a new regulatory framework developed by the Financial Conduct Authority (FCA) aimed at creating a higher standard of consumer protection in the retail markets. The FCA expects the Consumer Duty to be a significant shift for the market in terms of its expectations on firms and in this blog we consider this shift in the context of insurance claims handling.
Read moreFOS complaints and hindsight – categorical statement from the Chief Ombudsman
The FCA has been producing a range of temporary measures with the aim of ensuring that firms can work at pace during the pandemic for the benefit of customers. However, where procedures are bypassed or corners cut what will FOS do in response? The response from FOS to that questions raises another – the use of hindsight when coming to its decisions.
Read moreBossing the rules
Watch out for RPC's new blog mini-series on the SRA Standards and Regulations 2019.
Read moreFCA issues Final Report in the Wholesale Insurance Broker Market Study
Today, the FCA released its Final Report in its Wholesale Insurance Broker Market Study. The study, which was launched in 2017, considered competition, transparency and conflicts concerns arising from changes in the market, including an increased use of broker facilities.
Read moreAccountants, auditors and actuaries beware: the FRC continues to show its teeth, as its future stands in the balance
In widely publicised news, the Financial Reporting Council (FRC) continues to levy record high fines and has cast criticism on a number of firms. What appears to be an unforgiving stance taken by the regulator seems to come in the wake of the review into whether or not it should be disbanded, or folded into another regulatory organisation.
Read moreThe future of SIPPs – FCA responds to the Work and Pensions Committee
A couple of weeks ago we reported on 5 pointed questions raised by the Work and Pensions Committee of the FCA in relation to the SIPP market. Those questions included whether or not the FCA was considering banning non-standard investments in SIPPs. The FCA has now responded. The response includes the FCA's views on the due diligence it expects of SIPP providers when it comes to non-standard investments.
Read morePRA consultation to promote diversity on boards of large insurers
The PRA consults on further amendments to the Senior Insurance Managers Regime (SIMR) including promoting diversity on boards.
Read moreSports Ticker #132 - Owl's not well at Sheffield Wednesday and Wimbledon swaps one court for another
In a fortnight which saw Jannik Sinner achieve Wimbledon glory after beating Carlos Alcaraz by three sets to one in a fierce Centre Court spectacle, underdogs Chelsea FC topple Paris Saint Germain to become victors of the Men’s FIFA Club World Cup 2025, and the Welsh Rugby Union announce that it is considering halving the number of regions in the Welsh professional rugby union setup, we bring you news on Sheffield Wednesday’s third transfer embargo, an insight into Tour De France’s new yellow card system, and a look at Liberty Media’s acquisition of MotoGP.
Read moreSports Ticker #131 - Ascot plays a Royal Flush, county cricket shakes it up and Spurs take on INEOS - a speed read of commercial updates from the sports world
In a fortnight which saw the eyes of the world tune into Wimbledon in clockwork fashion, Al-Hilal triumph over Manchester City with a last minute winner in the Club World Cup 2025, and the sad passing of Liverpool and Portuguese striker Diogo Jota, we bring you news on a radical shakeup in the world of county cricket, insights into Royal Ascot’s latest attendance successes, and a look at Tottenham Hotspurs’ legal spat with Sir Jim Ratcliffe’s INEOS Group.
Read moreSports Ticker #130: Netflix's big-hitter, F1's 2026 calendar and the controversial Enhanced Games - a speed read of commercial updates from the sports world
In a fortnight that saw a heat-laden FIFA Club World Cup 2025 kick off in the United States, the British & Irish Lions fall short against Argentina in the first leg of their 2025 tour and reviews roll in for F1: The Movie, we bring you news on Netflix’s latest boxing announcement, updates on Premiership Rugby’s record viewing figures, and a look at World Aquatic’s hard stance on the Enhanced Games.
Read moreSports Ticker #129 - Commonwealth Games lives on, DAZN's star-studded ad and cheese rolling galore - a speed read of commercial updates from the sports world
In a fortnight which saw Arsenal win the UEFA Women's Champions League, Northampton Saints fall eight points short of European glory against Bordeaux Bègles and the town of Abingdon host the 42nd World Poohsticks Championships, we bring you news on the Government’s search for a Head of Video Games and Esports, an update on the future of the Commonwealth Games and a look at Gloucestershire’s annual cheese rolling race, whose women’s race winner cemented her victory with the words, “I don’t like cheese”.
Read moreSports Ticker #128: Goodison's new tenants, Fnatic's Happy Deal and Barclays' latest sponsorships - a speed read of commercial updates from the sports world
In a fortnight which saw Andy Murray part ways with Novak Djokovic and Jamie Vardy reach 200 goals for Leicester City in his 500th and final game for the club (as well as Leicester being charged with an alleged breach of the Championship’s profit and sustainability rules for the 2023/24 season), we bring you news of Fnatic’s Happy Deal with McDonald’s, an insight into Barclays’ sponsorship deals with the O2 Arena and Co-Op Live, and the news at Everton’s Goodison Park.
Read moreSports Ticker #127: Becks buys Salford, Sadiq seeks Olympic repeat and Hamilton signs autograph deal - a speed read of commercial updates from the sports world
In a fortnight which saw 150,000 Leeds United fans turn out to celebrate the club's promotion to the English Premier League, hundreds of daring racers take part in Essex’s annual Maldon Mud Run and the London Marathon steal New York’s crown for record number of finishers, we bring you news of Sadiq Khan’s Olympic aspirations, an insight into Lewis Hamilton’s exclusive autograph and memorabilia agreement and a peak at Channel 5’s broadcasting deal for the Men’s 2025 FIFA Club World Cup.
Read moreSports Ticker #126 - Cricket’s Olympic revival, Euro-Soccer and Mbappé’s pay war - a speed read of commercial updates from the sports world
In a fortnight which saw Cambridge University do the double over Oxford University at the 2025 Boat Race and Strava acquire its rival Runna in a dash for running app supremacy, we bring you updates on the historic impact of Rory McIlroy's Masters victory, news of cricket's triumphant return to the Olympics and an insight into the record-breaking prize pool announced for the Esports World Cup 2025.
Read moreSports injuries: the concussion pandemic
The inherent risk of injury to participants in many sports is well known – you only need to watch a game of rugby or American football, or spectate a boxing match, to appreciate this. Participants must accept this risk to some extent, but, the acceptance is conditional. They rely on governing bodies to control and regulate the sport to minimise injury risk; clubs to enforce the rules; referees to ensure compliance; players to follow the rules; organisers to provide appropriate facilities; and clinicians, especially in professional sport, to administer appropriate treatment.
Read moreSports Ticker #125: All Blacks settle sponsor spat, WDC ups top prize and UK Baller League kicks off – a speed read of commercial updates from the sports world
In a fortnight which saw Patrick Mullins ride Nick Rockett to victory in the Grand National, Dmitry Bivol renounce his WBC light-heavyweight title in pursuit of a trilogy fight with Artur Beterbiev, and Cardiff Rugby serve a notice of intention to appoint administrators, we bring you updates on Fnatic’s IMG partnership, news of a major increase in prize money in the World Darts Championship, and details of a settlement between the International Tennis Federation and Gerard Piqué’s Kosmos.
Read moreSports Ticker #124: IOC's marathon month, London Lions stadium and Six Nations free-to-air deal
In a fortnight which saw Kirsty Coventry elected as the first female president of the International Olympic Committee, Newcastle United win its first major domestic trophy since 1955, and a reported eightfold increase in Ferrari-branded merchandise sales for Puma following Lewis Hamilton's arrival, we bring you updates on the launch of Arsenal Women's first lifestyle range, a major complaint (and PR campaign) commenced by a professional tennis players’ association against the ATP, WTA, ITF and ITIA, and details of the Six Nations' extended free-to-air deal with the BBC and ITV.
Read moreSports Ticker #123: NSL makeover, IFAB eight-second rule and Yorkshire Hundred sale – a speed read of commercial updates from the sports world
In a fortnight which saw the Women's Tennis Association announce that players will receive paid maternity leave for the first time, Manchester United unveil plans for a new 100,000 seater stadium and the BBC strike a TV deal for men's international football in Scotland, Wales and Northern Ireland, we bring you updates on the revamped Netball Super League, Ferrari's victory against Aston Martin and the benefits for Yorkshire following the sale of the Northern Superchargers.
Read moreSports Ticker #122: APT rules deemed void, padel passion and Zara's carbon plated trainers – a speed read of commercial updates from the sports world
In a fortnight which saw Avram Glazer confirm that Manchester United is not for sale, the F1 75 Live event take place and Amazon Prime Video launch live pay-per-view football with Ligue 1, we bring you updates on a tribunal's ruling that Premier League APT rules are void, the RFL's investigation into the Salford Red Devils squad selection ahead of their takeover being approved and Zara's new carbon plated running shoe.
Read moreSports Ticker #121: £295m Hundred deal, F1 wing tests and EA's tracking technology – a speed read of commercial updates from the sports world
In a fortnight which saw Manchester City bring a new legal challenge against the Premier League in relation to APT rules, and Louis Vuitton become the title partner of F1's Australian Grand Prix, we bring you updates on EA Sports acquiring TRACAB Technologies, the sale of London Spirit to a consortium of tech billionaires and Formula 1's tougher wing tests.
Read moreSports Ticker #120: €100m milestone, NASCAR Channel and first female F1 race engineer – a speed read of commercial updates from the sports world
In a fortnight which saw ESPN and the World Surf League announce an expanded rights agreement and the Australian Open amass an unprecedented 1.1 million attendees, we bring you updates on the €100m milestone in women's football, NASCAR's new channel with Tubi and the settlement of a dispute between Superdry and Manchester City.
Read moreSports Ticker #119: Wimbledon worries, ICC's two-tier cricket and Mike Tyson litigation
In a fortnight which saw the World Snooker Tour launch a new global streaming service and Adidas enter F1 with a Mercedes partnership, we bring you updates on the legal action against Wimbledon's expansion plans, FIFA's interim transfer rules following the Diarra ruling and the possibility of a two-tier cricket Test system.
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