Amar Unadkat

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Articles

FCA's 'Co-Manufacturer' Classification And Its Impact On Financial Services

Nov 20, 2024 | mondaq.com | Andrew Wingfield |John Verwey |Rachel Lowe |Amar Unadkat

In the evolving landscape of financial services, there have been reports that the Financial Conduct Authority (FCA) has recently classified FNZ, a prominent wealth management platform provider, as a 'co-manufacturer' of financial products. This designation carries significant regulatory implications, underscoring the critical role of product governance in ensuring consumer protection and market integrity.
ESG Ratings Regulation Progresses - Asset Managers To Keep Watch

Nov 13, 2024 | mondaq.com | John Verwey |Andrew Wingfield |Rachel Lowe |Amar Unadkat

The European Council of the European Union has on 8 November published the text of the Regulation on the transparency and integrity of environmental, social and governance (ESG) rating activities (the "Regulation"). The next step is for the European Council to formally adopt the Regulation, which will then enter into force 20 days after its publication in the Official Journal of the European Union. It will apply 18 months following its entry into force, expected to be in 2026.
FCA Publishes Paper On Nature-related Risk For Financial Institutions

Nov 11, 2024 | mondaq.com | John Verwey |Rachel Lowe |Amar Unadkat |Sulaiman Malik

The FCA's Climate Financial Risk Forum has published a paper on "Nature-related Risk: Technical Data Guidance for Financial Institutions" (the ''Paper''). What does the FCA's Paper cover? The Paper serves as a useful summary of the potential relevance of nature on financial institutions and covers the following fundamental concepts: The nature data landscape; Quantifying nature risks; Nature-based opportunities; and Putting theory into practice.
Launch Of The Taskforce On Inequality And Social-Related Financial Disclosures

Oct 16, 2024 | mondaq.com | John Verwey |Rachel Lowe |Amar Unadkat |Sulaiman Malik

The Taskforce on Inequality and Social-related Financial Disclosures ("TISFD") launched on 23 September 2024. The TISFD is a global initiative with the aim of developing recommendations and guidance for businesses and financial institutions to report on inequality and social-related financial risks, opportunities, impacts and dependencies ("TISFD Disclosure Framework").
Sanctions Considerations For Private Equity Firms - A Few Practical Tips

Oct 15, 2024 | mondaq.com | John Verwey |Rachel Lowe |Amar Unadkat |Sulaiman Malik

Private equity firms could face significant sanctions risks when doing business with entities connected to sanctioned jurisdictions (such as Russia).
FCA Publishes Dear CEO Letter Setting Out Expectations For Financial Advisers And Investment Intermediaries

Oct 14, 2024 | mondaq.com | John Verwey |Andrew Wingfield |Rachel Lowe |Amar Unadkat

On 7 October 2024, the FCA issued a "Dear CEO letter" ("Letter") to firms whose primary business is financial advice or investment intermediation. The Letter contains a summary of the FCA's priorities and expectations of firms in this sector.
Launch of the Taskforce on Inequality and Social-related Financial Disclosures

Oct 14, 2024 | lexology.com | John Verwey |Rachel Lowe |Amar Unadkat |Sulaiman Malik |Michael Singh

The Taskforce on Inequality and Social-related Financial Disclosures (“TISFD”) launched on 23 September 2024. BackgroundThe TISFD is a global initiative with the aim of developing recommendations and guidance for businesses and financial institutions to report on inequality and social-related financial risks, opportunities, impacts and dependencies (“TISFD Disclosure Framework”).
Sanctions Considerations for Private Equity Firms - a few practical tips

Oct 11, 2024 | lexology.com | John Verwey |Rachel Lowe |Amar Unadkat |Sulaiman Malik |Michael Singh

BackgroundPrivate equity firms could face significant sanctions risks when doing business with entities connected to sanctioned jurisdictions (such as Russia).
European Commission Issues FAQs On The Corporate Sustainability Due Diligence Directive

Oct 10, 2024 | mondaq.com | John Verwey |Rachel Lowe |Amar Unadkat |Sulaiman Malik

The Corporate Sustainability Due Diligence Directive (CSDDD) was entered force on 25 July 2024. The purpose of this Directive is to promote sustainable and responsible corporate behaviour in companies' operations and throughout their global supply chains. Member States must transpose the Directive into national law and communicate relevant texts to the Commission by 26 July 2026. The rules will begin to apply to companies one year later, on 26 July 2029 on a phased basis.
FCA publishes Dear CEO letter setting out expectations for financial advisers and investment intermediaries

Oct 10, 2024 | lexology.com | John Verwey |Andrew Wingfield |Rachel Lowe |Amar Unadkat |Sulaiman Malik |Michael Singh

On 7 October 2024, the FCA issued a “Dear CEO letter” (“Letter”) to firms whose primary business is financial advice or investment intermediation. The Letter contains a summary of the FCA’s priorities and expectations of firms in this sector.