Chris Wrigley

1 month ago | lexology.com | Katie Vickery |Chris Wrigley |Matthew Germain

The EU 'Omnibus' package – what does this mean for the future of ESG reporting? The European Commission has unveiled its first omnibus package, proposing significant amendments to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). This initiative aims to reduce the regulatory burden on businesses and enhance the EU's global competitiveness.

Oct 30, 2024 | lexology.com | Katie Vickery |Chris Wrigley |Matthew Germain

Commission proposes 12 month delay to EU Deforestation Regulation | Where next for UK green consumer finance? | Guidelines to take effect on the use of ESG or sustainability-related terms in fund namesCommission proposes 12 month delay to EU Deforestation Regulation On 2 October, the European Commission put forward a proposal to delay the implementation of the EU Deforestation Regulation (EUDR) by 12 months.

Sep 25, 2024 | lexology.com | Jeremy Summers |Chris Wrigley

Parliamentary update on failure to prevent fraud guidance | High Court rules that England is appropriate forum in cross-border conspiracy claim | FCA emphasises collaboration and a collective effort to address fraud Parliamentary update on failure to prevent fraud guidance On 12 September 2024, Lord Hanson, minister of state for the Home Office, provided an on the publication of the guidance that must be issued by the government before the new failure to prevent fraud offence under the...

Aug 27, 2024 | lexology.com | Jack Prytherch |Ian Hyde |Jeremy Summers |Chris Wrigley

Corporates face increasing risk of criminal prosecution for tax evasion under a new fraud offence and Labour governmentThe new "failure to prevent fraud" offence, as set out in the Economic Crime and Corporate Transparency Act 2023, is finally expected to come into force in the first half of 2025, once the government has published the guidance prescribed by the legislation – this will be followed by an implementation period of at least six months.

Jul 26, 2024 | mondaq.com | Jeremy Summers |Chris Wrigley

Summer call to action A reminder that anti-money laundering compliance is an ongoing process, and it is important to stay vigilant of the evolving approaches of regulators. The current trends in AML compliance are discussed in our Insight for financial services firms. Firms should also take note of our Insight on a recent Court of Appeal judgment involving money laundering in international supply chains.