header-logo header-logo

Sustainability regulations: no greenwashing allowed!

169182
Jeremy Richmond KC, Michael Rhode & Alexander Emmott provide an overview of developments in sustainability regulations, push payment fraud & de-banking
  • Considers incoming FCA regulations on greenwashing and sustainability advertising.
  • Notes developments in law regarding authorised push payments fraud.
  • Covers the latest developments in ­­­de‑banking (de-risking).

UK financial institutions continue to face a complex regulatory landscape, balancing a developed financial system with customer protections. With new regulations set to be introduced by the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) later this year and beyond, this article considers protections (and risks) associated with some of the proposals and talking points.

Sustainability disclosure requirements

With increased focus on environmental, social and governance (ESG) issues, driven by global demand and stakeholder pressure, new and challenging risks arise for the UK’s financial institutions.

ESG-related litigation initially emerged predominantly with shareholder actions under ss 90 and 90A of the Financial Services and Markets Act 2000, or derivative actions under s 260(1) of the

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Hugh James—Phil Edwards

Hugh James—Phil Edwards

Serious injury teambolstered by high-profile partner hire

Freeths—Melanie Stancliffe

Freeths—Melanie Stancliffe

Firm strengthens employment team with partner hire

DAC Beachcroft—Tim Barr

DAC Beachcroft—Tim Barr

Lawyers’ liability practice strengthened with partner appointment in London

NEWS
Tech companies will be legally required to prevent material that encourages or assists serious self-harm appearing on their platforms, under Online Safety Act 2023 regulations due to come into force in the autumn
Commercial leasehold, the defence of insanity and ‘consent’ in the criminal law are among the next tranche of projects for the Law Commission
The Bar has a culture of ‘impunity’ and ‘collusive bystanding’ in which making a complaint is deemed career-ending due to a ‘cohort of untouchables’ at the top, Baroness Harriet Harman KC has found
Lawyers have broadly welcomed plans to electronically tag up to 22,000 more offenders, scrap most prison terms below a year and make prisoners ‘earn’ early release
David Lammy, Ellie Reeves and Baroness Levitt have taken up office at the Ministry of Justice, following the cabinet reshuffle
back-to-top-scroll