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HM Treasury has issued a consultation paper proposing the creation of a Senior Managers & Certification Regime (SMCR) for financial market infrastructures (FMIs).

Travers Smith LLP has advised Shawbrook Bank (Shawbrook) on a bespoke unitranche facility provided to technology implementation and services business, Codestone. This funding will be used to pursue significant acquisitions and to continue investing in strong organic growth.

Hot on the heels of HM Treasury's consultation on the prospectus regime, on 5 July the FCA published a consultation on the effectiveness of the primary markets. The consultation firstly looks at ways of improving the efficiency of the listing regime and secondly proposes targeted changes to remove barriers to listing.  The FCA seeks to address, and build upon, the proposals of the Kalifa Review of UK FinTech  and Lord Hill's UK Listing Review.

Read the latest on Asset holding companies.

Travers Smith LLP is advising Goldman Sachs International and Numis Securities Limited (as Joint Bookrunners), and Joh. Berenberg, Gossler & Co.

Travers Smith LLP is delighted to have won the Diversity Award at the Pensions Age Awards 2021.

Welcome to the first in our series of podcasts focusing on international employment law. 

We recently held our third webinar in the series "Sustainability and alternative asset managers: the new normal".

Travers Smith LLP has advised Berenberg as nominated adviser and sole broker to LendInvest Plc on its AIM IPO.

Travers Smith LLP has advised longstanding client TA Associates and certain other shareholders on the sale of a Flashtalking, a leading independent ad serving, measuring and technology company, to Mediaocean, a portfolio company of Vista Equity Partners. The transaction is expected to close by Q3 2021.

In the third of a series of articles looking at how Brexit is working out for the UK, we consider the geographic impact and how that might affect future decisions by businesses to invest in the UK.

Two climate change related cases made global headlines in recent weeks: a Dutch case, brought by a group of activists, against Royal Dutch Shell that imposed carbon emission limits on the oil producing multinational and an Australian case that found the Minister for the Environment had a duty to protect young people from the effects of climate change. In this article, we look at these decisions in their wider legal context, and consider how the law may continue to develop in this area, including in the UK.

Key employment and business immigration developments for employers.

Travers Smith LLP has acted as counsel to Literacy Capital plc (the "Fund") in connection with its admission to trading on the Specialist Funds Segment of the London Stock Exchange.

As a result of the Covid-19 pandemic, asset managers have found that many members of their workforce (of varying degrees of seniority) have been working for an extended period from abroad, rather than in the UK office. Post-Covid, some of these individuals have expressed a wish to spend all of their time, or a proportion of their time, working from abroad.

In recent weeks, rumours have started to circulate that President Biden's administration is set to depart from the US government's current approach to the use of sanctions. While the administration's review of US sanctions policy remains ongoing, details of a new softer approach, which is expected to be formally outlined when the review is published at the end of the summer, were described by a number of current and former administration officials in a series of high-level meetings held in the US Congress.

Travers Smith LLP has announced today the recruitment of Ben Thompson as a partner.

A regular briefing for the alternative asset management industry. 

The regulatory technical standards supplementing the EU Sustainable Finance Disclosure Regulation (EU SFDR)—which had been expected to apply from 1 January 2022—will be delayed by six months until 1 July 2022.