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Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Global | Publication | March 2017
NHS England has published new guidelines on managing conflicts of interest. The guidance will come into force on 1 June 2017. It will be applicable to Clinical Commissioning Groups, NHS Trusts and NHS Foundation Trusts, and NHS England.
The guidance covers common situations which can give rise to risk of conflicts of interest including gifts, hospitality and providing expertise outside employment, by:
Organisations should require staff to comply with the guidance and to proactively declare interests. An organisation will consider a range of actions from deciding no action is warranted to removing an individual from their role altogether if the conflict is so significant that they are unable to operate effectively in it.
The NHS England guidance has been aligned with The Association of the British Pharmaceutical Industry (ABPI) Code of Practice, particularly as it relates to the principles and rules for gifts and hospitality. Organisations are also required to seek to ensure that staff are subject to wider transparency initiatives such as the ABPI’s Disclosure UK.
Disclosure UK, launched in June 2016, is a searchable database detailing transfers of values made to healthcare professionals and healthcare organisations by pharmaceutical companies. The database is the means by which UK pharmaceutical companies comply with their transparency obligations under the ABPI Code of Practice.
Publication
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Publication
On 3 July 2025 the UK Takeover Panel (Panel) published PCP 2025/1: Dual class share structures, IPOs and share buybacks (Consultation) setting out a proposed framework for the application of the UK Takeover Code (Code) to companies with dual class share structures (DCSS companies).
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Most incidents handled by our Norton Rose Fulbright cyber team originate from the customer’s service provider. In many cases it is the service provider’s systems, infrastructure and environment which proves to be the most vulnerable to cyber breaches and security issues.
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