Financial Services Regulation and Compliance - Funds Aug 2021

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Domestically, the CBI issued details of its deadlines for investment funds seeking authorisation/ approval prior to year-end; At European level, the European Commission adopted and published two 'quick-fix' proposals to amend the PRIIPs Regulation and to amend the UCITS Directive.

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Financial Services Regulation and Compliance - Investment Firms Aug 2021

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Domestically, the CBI issued a Feedback Statement on the consultation on enhancements to the CBI Client Asset Requirements; At European level, the EBA published its review on the prudential assessment of qualifying holdings, updated the mapping between the ITS on Pillar 3 disclosures and the ITS on supervisory reporting.

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Financial Services Regulation and Compliance - Banking Aug 2021

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Domestically, the CBI announced the appointment of a new Director of Consumer Protection; At European level, the EBA published the outcome for banks that participated in the 2021 EBA EU-wide stress test and published amended technical standards on resolution planning reporting.

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Government to investigate ‘greenwashing’ in retail energy

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As detailed in our alert in June 'greenwashing' is receiving increasing government scrutiny. The act of 'greenwashing' occurs whereby businesses make false or misleading claims regarding the environmental soundness of their product or service in an attempt to capitalise on the growing demand for environmentally sound products.

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