an Coronavirus - Corporate financing facility - UK By www.eversheds.com Published On :: 2020-03-27 ... Full Article
an Legal considerations for the financial services sector in adopting artificial intelligence By www.eversheds.com Published On :: 2020-03-31 Legal liability for financial institutions and financial services firms when using artificial intelligence and machine learning Recent advances in the development of artificial intelligence (AI), coupled with the availability of sufficient computing... Full Article
an Coronavirus - Forfeiture, petitions and insolvency reforms - UK By www.eversheds.com Published On :: 2020-04-06 In its response to COVID-19, the UK Government has also been listening to business and seeking to provide further support mechanisms to help those businesses that have been forced to close in the short term. This has included the prohibition on land... Full Article
an Coronavirus - FCA proposes temporary financial relief for consumer credit customers - UK By www.eversheds.com Published On :: 2020-04-06 On Thursday 2 April 2020, the FCA issued draft guidance and Handbook changes to address the impact of Covid-19 on consumer credit customers who have credit cards, store cards and catalogue credit, personal loans and overdrafts. There is a short win... Full Article
an Coronavirus - UK Governments economic assistance packages and their availability to financial services businesses - UK By www.eversheds.com Published On :: 2020-04-07 Background The ongoing coronavirus/COVID-19 pandemic has quickly developed into a deep economic crisis of the like never experienced before. Many businesses, including those in the financial services sector, are facing a prolonged period of disrupti... Full Article
an New Defensive Measures for Blacklisted Jurisdictions: What impact will Luxembourgs recent announcement have on Cayman-domiciled funds? By www.eversheds.com Published On :: 2020-04-07 On 30 March, the Luxembourg Government published a new draft law (the Draft Law) which looks set to increase the Luxembourg tax burden for transactions realised with enterprises based in jurisdictions on the EU’s list of “non-cooperative... Full Article
an Coronavirus - Deferral of initial margin requirements for derivatives announced Global By www.eversheds.com Published On :: 2020-04-07 On 3 April 2020, the Basel Committee on Banking Supervision (“BCBS”) and the International Organization of Securities Commissions (“IOSCO”) issued a statement recommending an extension to Phases 5 and 6 of the initial margin ... Full Article
an Coronavirus - Cayman Ministry announces package relief measures - Global By www.eversheds.com Published On :: 2020-04-09 As COVID-19 continues to cause far reaching disruption, the Cayman Islands’ Ministry of Financial Services issued two Press Releases on 25 and 26 March, putting forward a package of measures designed to mitigate the neg... Full Article
an FCA review of outsourcing in the life insurance sector By www.eversheds.com Published On :: 2020-04-14 Background and scope of the review On 4th March, the Financial Conduct Authority (FCA) published the findings of its desktop review of outsourcing in the life insurance sector. The review forms part of the FCA’s broader consultation and propos... Full Article
an Protecting confidential information in an AI-led and augmented reality By www.eversheds.com Published On :: 2020-04-14 Across the banking sector, the Bank of England and the Financial Conduct Authority predict that firms’ utilisation of artificial intelligence (AI) solutions will triple in the next three years (BoE and FCA Joint Report on Machine Learning in U... Full Article
an FCA Business Plan 2020/21 By www.eversheds.com Published On :: 2020-04-15 Introduction The FCA Business Plan 2020/21 is understandably overshadowed by the unfolding COVID-19 pandemic but the FCA has, nonetheless, taken the opportunity to set broader goals and review the way it conducts its business for the years ahe... Full Article
an Coronavirus - FCA finalises guidance on temporary financial relief for consumer credit customers - UK By www.eversheds.com Published On :: 2020-04-16 On Thursday 9 April, the FCA confirmed measures to support consumer credit customers facing financial difficulty as a result of COVID 19 on personal loans, credit cards and overdrafts. Measures introduced by the new rules became applicable on Tuesda... Full Article
an Coronavirus - FCA issues draft temporary guidance for firms on motor finance agreements and coronavirus UK By www.eversheds.com Published On :: 2020-04-17 On Friday 17 April 2020, the FCA issued a draft guidance for consultation on temporary forbearance measures to assist motor finance customers facing financial difficulty because of COVID-19. The consultation will close at 5 pm on Monday 20 Ap... Full Article
an ESMA consults on implementing technical standards to facilitate cross-border distribution of funds By www.eversheds.com Published On :: 2020-04-17 Our client briefing, “The final AIFMD cross-border fund distribution package: mapping the changes” published on 22 July 2019, provided a summary of the main changes introduced by Regulation (EU) 2019/1156 on facilitating cross-border d... Full Article
an Coronavirus - FCA issues further draft Covid-19 guidance for Buy-Now Pay-Later and other high cost products - UK By www.eversheds.com Published On :: 2020-04-20 On Friday 17 April the FCA issued draft guidance on Buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking. It proposes temporary financial relief for customers impacted by coronavirus and is intended to complement measures finalised on 9 April... Full Article
an Coronavirus Dear CEO letter on SME business interruption insurance - UK By www.eversheds.com Published On :: 2020-04-21 After previously setting out its expectations of general insurance firms in relation to their treatment of consumers during the coronavirus (Covid-19) pandemic, on 15 April 2020 the UK Financial Regulator, the Financial Conduct Authority (FCA), ... Full Article
an Coronavirus - Overview of measures in the financial sector by Dutch Regulators due to the Corona pandemic By www.eversheds.com Published On :: 2020-04-23 DNB (the Dutch Central Bank) Banks: Micro prudential, less significant institutions (LSIs) - Banks can use their capital and liquidity buffer. Therefore, banks will be allowed to temporarily operate below the level of capital as defined by t... Full Article
an Coronavirus - Changes to Directors Duties during the COVID-19 Crisis - Global By www.eversheds.com Published On :: 2020-05-05 Please note, we will continue to update this note as and when further measures are announced. Summarises of the current position on directors' duties across some key jurisdictions noting any significant changes that have been announced by government... Full Article
an Coronavirus - Financial Services in a post COVID world - Video series By www.eversheds.com Published On :: 2020-05-06 We are producing a series of videos in which some of our leading practices discuss the principal issues and opportunities in financial services as the COVID crisis abates, and we start moving into a new form of business as usual. Some of thes... Full Article
an Coronavirus - Financial Services COVID-19 Sector Focus By www.eversheds.com Published On :: 2020-05-06 In this period of market uncertainty, financial services firms globally are facing a number of challenges and questions. We have created a selection of recent articles, webinars, podcasts and short videos published by Eversheds Sutherland to he... Full Article
an Coronavirus - Webinar Financial services post-COVID19: Trends in disputes and enforcement - UK By www.eversheds.com Published On :: 2020-05-06 Listen as our panel answer some of the most common questions on post-COVID19 litigation trends - this was presented in conjunction with Ankura. A recording of the session can be listened to here. In this session we explored: a review of the economi... Full Article
an Coronavirus - Executive pay and rewards - UK By www.eversheds.com Published On :: 2020-05-07 Coronavirus and executive pay: the issues The COVID-19 pandemic has prompted an economic crisis that has far surpassed that of the financial crash in 2008. The implications for executive pay against the backdrop of furloughed staff, lay-offs, staff... Full Article
an Education briefing - Equality and Human Rights Commission publishes report on its inquiry into racial harassment in Higher Education By www.eversheds.com Published On :: 2019-10-24 Last December, the Equality and Human Rights Commission (EHRC) launched an inquiry into racial harassment in Higher Education. On 23 October 2019 the EHRC published its report “Tackling racial harassment: universities challenged” under t... Full Article
an Education Briefing - New Acas guidance on menopause at work changing attitudes? By www.eversheds.com Published On :: 2019-10-28 To mark World Menopause Day on 18 October, the Advisory, Conciliation and Arbitration Service (Acas) has published guidance to help employers and managers support staff who are affected by the menopause at work. The guidance includes an overvie... Full Article
an Briefing on the Charity Commissions guidance for charities with a connection to a non-charity By www.eversheds.com Published On :: 2019-10-31 1. Introduction 1.1 The Charity Commission has recently released detailed guidance for charities on their connections to non-charities, highlighting that whilst such connections can bring benefits they can also present risks and challenges. Common s... Full Article
an Education briefing - 5 point plan for effectively managing disruption on campus. By www.eversheds.com Published On :: 2019-11-27 This week’s industrial action by University lecturers and other members of staff brings back into focus the risk of disruption on campus from students and others who are affected by the strike action. Disruption on campus can arise... Full Article
an Education briefing General Election 2019 what are the parties saying about key issues for the sector on employment, equality, Brexit and immigration? By www.eversheds.com Published On :: 2019-11-28 With the General Election 2 weeks away the manifestos have been published. All of them - to varying degrees - containing promises on what the relevant party will do in the education sector if it is successful in the election. Full Article
an Education briefing - The OfS end of term report 2019 - and what to look forward to in 2020 By www.eversheds.com Published On :: 2019-12-11 2019 was the year that the new regulatory landscape for Higher Education came to fruition. Although the Office for Students (OfS) was established on 1 January 2018, it was not until 1 August 2019 that all its powers were fully implemented. So ... Full Article
an Education briefing - Publication of new EHRC technical guidance on sexual harassment and harassment By www.eversheds.com Published On :: 2020-01-17 On 15 January 2020, the Equalities and Human Rights Commission (“EHRC”) published new and comprehensive technical guidance setting out the law and best practice on the prevention of workplace sexual harassment and harassment. The guidanc... Full Article
an InStep Magazine - Winter 2019/2020 Further Education and Academies By www.eversheds.com Published On :: 2020-01-24 ... Full Article
an Education ebriefing MAC publishes long anticipated report on the future immigration system By www.eversheds.com Published On :: 2020-01-29 Two important announcements this week are relevant to the UK’s immigration requirements for several years. Brexit is, of course, scheduled for 11pm on 31 January 2020. In addition, a report published yesterday makes recommendations for the fut... Full Article
an Education ebriefing Statutory parental bereavement leave and pay to commence in April 2020 By www.eversheds.com Published On :: 2020-02-04 Background The Parental Bereavement (Leave and Pay) Act 2018 received Royal Assent as long ago as 13 September 2018. The intention was the Act would come into force in 2020, with further clarification on the provisions to be contained in regulations... Full Article
an Education briefing OfS publishes consultation on harassment and sexual misconduct By www.eversheds.com Published On :: 2020-02-14 The issue of harassment and sexual misconduct has been a high profile one now for some time with widespread local and national coverage across multiple sectors and jurisdictions. This has included copious discussion and analysis of the issue in the ... Full Article
an Education briefing - Further clarity on the use of NDAs new ACAS guidance published By www.eversheds.com Published On :: 2020-02-18 The Advisory, Conciliation and Arbitration Service (ACAS) has published guidance which aims to provide greater clarity for employers, managers, HR professionals, workers, worker/trade union representatives and job applicants on the law and good... Full Article
an Education briefing - Governments plans for new immigration system published By www.eversheds.com Published On :: 2020-02-20 The Government has now published a policy statement setting out details of the immigration system which it intends will apply in the UK from 1 January 2021. This follows the report by the Migration Advisory Committee (MAC) on 28 January 2020 setting... Full Article
an Education briefing - 5 point plan for effectively managing disruption on campus. By www.eversheds.com Published On :: 2020-02-25 The latest round of industrial action by University lecturers and other members of staff brings back into focus the risk of disruption on campus from students and others who are affected by the strike action. Disruption on campus can arise and ... Full Article
an Coronavirus travel guidance for the education sector - UK By www.eversheds.com Published On :: 2020-03-16 Following the government’s announcement on 12 March 2020 that it was advising schools and colleges to cancel overseas trips for children under 18 until further notice, it has now published travel guidance for the education sector. This ... Full Article
an Education Briefing - Coronavirus Job Retention Scheme: Guidance for Employers By www.eversheds.com Published On :: 2020-04-01 1. INTRODUCTION On Friday 20 March 2020, the Chancellor announced a new Coronavirus Job Retention Scheme (the Scheme) to help pay peoples wages. Employers will be able to contact HMRC for a grant to cover most of the wages of their workforce who ... Full Article
an Education briefing Coronavirus - contract termination and force majeure By www.eversheds.com Published On :: 2020-04-02 Introduction Last Monday’s announcement from the Government placing the country in lockdown will be felt heavily by institutions who are trying to ensure continuity of provision to students and maintain quality and standards of teaching. In ou... Full Article
an Education briefing - Coronavirus: when can untaken statutory holiday be carried over? By www.eversheds.com Published On :: 2020-04-02 The Working Time (Coronavirus) (Amendment) Regulations 2020 came into force on 26 March 2020. These amend the Working Time Regulations 1998 to create an exemption relating specifically to COVID-19 and holiday leave. Under the Working Time Regulation... Full Article
an WEBINAR RECORDING - Coronavirus - An overview of employment law issues for education institutions By www.eversheds.com Published On :: 2020-04-07 ... Full Article
an Education briefing: Coronavirus - New Guidance: Government update on the Coronavirus Job Retention Scheme By www.eversheds.com Published On :: 2020-04-07 On Friday 20 March 2020, the Chancellor announced a new “Coronavirus Job Retention Scheme” (the Scheme) to help pay people’s wages. See our previous briefings of 23 March and Full Article
an Education briefing - Coronavirus - Further guidance on Coronavirus Job Retention Scheme By www.eversheds.com Published On :: 2020-04-14 In previous briefings (here and here and Full Article
an Education briefing: Updated CJRS Guidance and Treasury Direction By www.eversheds.com Published On :: 2020-04-17 Less than a week before the Coronavirus Job Retention Scheme (the Scheme) is due to go live (currently due to open on 20 April), further significant changes have been published in the form of a Treasury Direction (the Direction), setting out the Full Article
an WEBINAR RECORDING - Covid-19 and higher education: How universities and pathway providers are navigating disruption By www.eversheds.com Published On :: 2020-04-24 ... Full Article
an Education briefing - Fitness to study and coronavirus By www.eversheds.com Published On :: 2020-04-24 A common topic for sector discussion is whether “fitness to study” is an appropriate term to use in connection with an institution’s regulation of its student community where a concern arises about the ability of a student to study... Full Article
an In the news: US restricts Afghanistan airstrike data By www.thenewhumanitarian.org Published On :: Wed, 06 May 2020 10:52:05 +0000 Redacted figures, including drone strikes, are the latest military data to be restricted in a conflict that killed or injured 10,000 civilians in 2019. Full Article
an Locusts complete triad of humanitarian threats facing Iran By www.thenewhumanitarian.org Published On :: Wed, 06 May 2020 12:00:47 +0000 On top of floods and the COVID-19 pandemic, locust swarms are threatening farms and food. Iran says sanctions are thwarting its response plans. Full Article
an COVID-19 brings abuse and other fears to displaced women in South Sudan By www.thenewhumanitarian.org Published On :: Wed, 06 May 2020 13:15:58 +0000 Women in camps worry they will find little aid if they become victims of physical or sexual violence. Full Article
an Coronavirus and aid: What we’re watching, 7-13 May By www.thenewhumanitarian.org Published On :: Thu, 07 May 2020 15:00:13 +0000 Shattered ceasefires, a $6.7-billion price tag, and Italy’s migrant amnesty: updates on how COVID-19 is disrupting humanitarian efforts around the globe. Full Article
