Publication
The robots are coming … is insurance ready for AI?
The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.
Global | Publication | September 8, 2017
Welcome to Essential Corporate News, our weekly news service covering the latest developments in the UK corporate world.
On September 1, 2017, the European Securities and Market Authority (ESMA) published an updated version of its Market Abuse Regulation (MAR) Q&As.
ESMA has added a new Q&A on market soundings and two new Q&As on insider lists:
In addition Q&A 6.1, which considers the requirement in Article 16(2) of MAR for persons professionally arranging transactions to maintain systems and procedures to detect and report suspicious orders and transactions, has been amended in order to clarify the scope of Article 16 of MAR (Prevention and detection of market abuse).
On September 4, 2017 the Investment Association (IA) reported that its call for companies to stop quarterly reporting is being heeded, with the number of FTSE100 and 250 companies issuing quarterly reports since October 2016 declining by 19 and 25 per cent, respectively.
In a bid to discourage companies from engaging in short-term behaviour, such as managing the business to meet quarterly targets rather than developing their long term strategies, in November 2016 the IA called on companies to stop issuing quarterly reports and earnings guidance.
A table included in the IA’s press release shows that in October 2016 a total of 70 FTSE100 companies reported quarterly, but only 57 did so by August 2017. Meanwhile 111 FTSE250 companies reported quarterly in October 2016, compared with 83 in August 2017.
Publication
The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.
Publication
The increasing frequency and severity of climate-related natural disasters is having a big impact on physical risk exposures and the increasing protection gap.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023