
Publication
International Restructuring Newswire
Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
United Kingdom | Publication | February 2024
On 7 February 2024 the FCA published a letter to all regulated Lloyd's managing agents, London market insurers and Lloyd's and London market brokers and MGAs (dated 6 February 2024), requesting information relating to incidents of non-financial misconduct. Culture and non-financial misconduct clearly remain focus areas for the FCA.
Key points to note from the FCA's letter:
The letter highlights the importance of robust governance and record keeping: firms should ensure that any decisions relating to conduct issues are appropriately challenged and recorded, including any subsequent investigation or consideration relating to the fitness and propriety of senior individuals or with regards to disciplinary action.
Firms have until COB 5 March 2024 to respond to the survey and should get in touch with the FCA as soon as possible if for any reason they may not be able to provide all of the information requested, or will not be able to do so by the stipulated deadline.
Publication
Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
In this edition, Amy Allen and David Hawkins report on the government’s unforeseen (and controversial) proposal to ban upwards only rent reviews in new commercial leases and the potential impact on tenants and landlords.
Publication
The ‘Omnibus package’ is due to be negotiated by the European Parliament and the Council. When initially published by the European Commission on 26 February 2025 (see our previous publication on this here), the Omnibus instantly drew attention in light of the significant changes it sought to introduce to the EU Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D).
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