Publication
Judicial Review: what do you need to know?
Judicial review allows a party to challenge the lawfulness of a decision or action made by a public body.
United Kingdom | Publication | August 2022
The FCA has been clear that implementing the new Consumer Duty will require a cultural shift at many firms. This new package of rules and guidance raises the bar both for firms and individuals in connection with the provision of financial services and products to retail customers. In its policy statement, the FCA has maintained its approach to the calibration of the new Duty in many areas, with a small number of significant changes in approach.
The implementation timetable is one such change. Whilst the FCA has extended the timetable, there are two new key milestones. By 31 October 2022, a firm’s board or equivalent management body must have approved its implementation plan for the new Consumer Duty. This will be challenging for many firms to meet, particularly those which are larger in scale, with more complex organisational structures or more expansive ranges of in-scope products and services.
Our briefing note: ‘The new Consumer Duty: implementation milestones and what they mean for your firm’ has more information.
We have assembled a Toolkit to assist firms to meet the FCA’s expectations around the approval of an implementation plan by 31 October.
To receive more information on the Toolkit, please use the link below, and our team will be in touch.
Register here to receive more information on our Implementation Toolkit
Publication
Judicial review allows a party to challenge the lawfulness of a decision or action made by a public body.
Publication
Welcome to the Q3 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
The English Court of Appeal has decided that an artificial neural network (ANN) was not patentable in Comptroller-General of Patents, Designs and Trade Marks v Emotional Perception AI Ltd [2024] EWCA Civ 825 reversing the finding of the lower court (the High Court), and in so doing agreeing with the UK Intellectual Property Office’s (IPO) original rejection of the patent application on the basis of unpatentable subject matter.
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