Publication
An officer’s duty to exercise due diligence: A clarification?
A recent decision of the District Court of New South Wales has clarified the content, nature and extent of an officer’s duty to exercise due diligence.
United Kingdom | Publication | November 2021
On November 9, 2021 HM Treasury published a consultation paper which sets out the Government’s response to the feedback received in response to a previous consultation on the Future Regulatory Framework (FRF) Review which was established to consider how the financial services regulatory framework should adapt to be fit for the future, and in particular to reflect the UK’s new position outside of the EU. The consultation paper takes into account the public and Parliamentary debate and sets out a series of proposals for how the Government intends to take forward its approach to the FRF Review.
The proposals include the following:
The consultation paper sets out the Government’s proposed approach to these issues, and seeks views on a number of key considerations within them.
Responses are requested by February 9, 2022.
On November 4, 2021 Institutional Shareholder Services Inc. (ISS”) announced the launch of its open comment period on proposed changes to its benchmark voting policies. Comments are requested by November 16, 2021.
The changes proposed by ISS to its UK and Ireland Benchmark Policy are as follows:
(ISS: Proposed ISS Benchmark Policy changes for 2022 – Request for comments, 04.11.2021)
Publication
A recent decision of the District Court of New South Wales has clarified the content, nature and extent of an officer’s duty to exercise due diligence.
Publication
ASIC has released Consultation Paper 378 'Safeguard mechanism reforms
Publication
We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023