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The Financial Conduct Authority (FCA) has published PS21/6: Implementation of Investment Firms Prudential Regime.

The TCFD Roadmap unfolds

Travers Smith LLP has announced the promotion of four lawyers to Senior Counsel as part of its 2021 promotions round.

GP-led secondaries are often a solution to two of the major structural challenges posed by the private equity model:

Travers Smith's Fintech, Market Infrastructure & Payments Practice (FMIP) is the ‘go-to’ practice for financial market infrastructures and payment institutions seeking legal advice on wholesale and retail payment, settlement issues and fintech offerings. Over the years the practice has become renowned for the innovative and paradigm-shifting nature of its work.

We welcome HM Treasury's consultation on how to improve the UK's funds regime, to support existing managers and attract new ones. This response has been prepared by asset management specialists across our funds, regulatory, tax and transaction teams.

The European Commission has issued a Sustainable Finance Package comprising the EU Taxonomy Climate Delegated Act and the legislation integrating sustainability risks into the Alternative Investment Fund Managers Directive Delegated Regulation, the MiFID II Delegated Regulation and Delegated Directive and the UCITS Delegated Directive. 

The Financial Conduct Authority (FCA) has now published the second of its three Consultation Papers on the Investment Firm Prudential Regime (IFPR).

In 2019, UK voters were promised that there was a plan to "get Brexit done", so that we could all move on – and businesses could invest against a background of greater certainty. Whilst considerable progress has been made towards those goals, there remains a significant amount of unfinished business and uncertainty in key areas.

On Monday 29 March, Travers Smith's long-standing client, Euroclear UK & Ireland Limited (EUI) – the UK's central securities depository and operator of the CREST securities settlement system - successfully launched a new post-Brexit market solution for euro settlement. 

In this short video, Knowledge Counsel Jonathan Rush provides a 3 minute guide to the EU-UK Trade and Cooperation Agreement (TCA).

The European Supervisory Authorities have issued a consultation paper on the content and presentation of certain Taxonomy-related disclosures under the Sustainable Finance Disclosure Regulation.

In this Thomson Reuters article our Senior Consultant Simon Witney and Pensions Partner Andy Lewis comment on the new EU ESG reporting rules and their impact on the asset management and pensions industries.

Travers Smith LLP has advised long-standing client TA Associates on the completion of its investment in Fairstone Group, which incorporates one of the UK's largest chartered financial planning firms, having had all regulatory approvals granted last week. TA Associates invested alongside existing investor Synova Capital, which first invested in Fairstone Group in 2016.

The draft Regulatory Technical Standards (RTS) to supplement the Sustainable Finance Disclosure Regulation (SFDR) have been issued by the European Supervisory Authorities (ESAs) and are available here .

Since 1 April 2020, UK banks issuing new shares and entities applying for banking licences must provide the Prudential Regulation Authority (PRA) with a legal opinion. We have experience of drafting these, and of other rule changes made by the PRA on the same date.

In the autumn of last year, the EU issued a proposed regulation on digital operational resilience which is likely to have broad implications, not only for EU financial entities, but also those which provide ICT services to such entities, including UK ICT service providers.

Travers Smith LLP has advised Intermediate Capital Group (ICG) on its partnership with Broadstone, one of the UK’s leading independent providers of specialist pensions, trustee and employee benefits solutions.

"You don't need to have 20/20 vision to see that the year ahead will be challenging…"

The FCA's first consultation paper on the new UK prudential regime for investment firms.