Publication
Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Draft Securitisation (Amendment) Regulations published
United Kingdom | Publication | May 2024
On April 22, 2024, draft Securitisation (Amendment) Regulations 2024 were published. They amend the Securitisation Regulations 2024 (made on January 29, 2024) which form part of HM Treasury’s programme to deliver a Smarter Regulatory Framework for financial services.
The Securitisation (Amendment) Regulations 2024 commence the repeal process of the relevant EU provisions and establish the new UK legislative regime under which financial services regulators will make rules on general requirements for securitisation that apply to firms. The new draft amending regulations make textual amendments to the Securitisation Regulations 2024, so that the resulting law will be contained in a single set of regulations.
The Amending Regulations include the due diligence rules applicable to occupational pension schemes, and ensure they are aligned with the rules applicable to firms regulated by the PRA and the FCA. They also provide for the supervision of occupational pension schemes in this context by the Pensions Regulator.
The new regulations restate the prohibition on the establishment of Securitisation Special Purpose Entities in high-risk jurisdictions, with a modification to specify its application to institutional investors, as well as originators or sponsors.
Most provisions of the draft amending regulations are due to come into force on November 1, 2024.
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Recent publications
Publication
Marine Money Week New York 2025
We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
Publication
The parallel imposition requirement in exclusive distribution systems: key takeaways from the CJEU’s ruling in Beevers Kaas
On 8 May 2025, the Court of Justice of the European Union (the CJEU) delivered its ruling in case C-581/23 (the Ruling), providing guidance on one of the conditions for an exclusive distribution agreement to benefit from the block exemption under Article 4(b)(i) of the 2010 Vertical Block Exemption Regulation (the VBER)1, notably the so-called ‘parallel imposition requirement’.
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