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.
Pensions aspects of the Draft Securitisation Regulations 2023
United Kingdom | Publication | July 2023
On July 11, 2023, HM Treasury (HMT) published a near-final version of the Securitisation Regulations 2023 (Draft Regulations), together with a policy note. The Draft Regulations will the retained version of the EU Securitisation Regulation retained in UK law after Brexit.
In relation to occupational pension schemes, the Draft Regulations restate and amend due diligence requirements for trustees or managers of occupational pension schemes when they invest in securitisations directly. The Draft Regulations also clarify issues relating to liability where scheme responsibilities are delegated. The pensions-related rules are being enacted in legislation because, in contrast to the FCA and Prudential Regulation Authority (PRA), the Regulator does not have power to make binding rules.
New regulation 42 will impose duties on the Regulator to maintain arrangements enabling it to determine whether trustees or managers are complying with the due diligence requirements and enforcing compliance where necessary.
The Regulator's responsibility for supervising compliance with the requirements applying under the UK Securitisation Regulation is being transferred to the FCA.
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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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