Sean Jeffrey

Featured in: Favicon

lexology.com

Articles

What is your greenwashing risk?

May 14, 2024 | lexology.com | Genevieve Quierin |Jonathan Cripps |Trudy Feaster-Gee |Sean Jeffrey |Laetitia Ghebali

Why should your business care about Greenwashing Risk? The Competition and Markets Authority ("CMA") is taking an increasingly active role in scrutinising "sustainability" labels and "green" claims. Following an investigation into marketing strategies in the fashion sector launched in 2022, the CMA have recently announced that they had reached agreement with ASOS, Boohoo and George at Asda that the brands would "use only accurate and clear green claims".
The FCA's 2024/25 business plan - Some key takeaways for firms

Mar 28, 2024 | lexology.com | David Capps |Sean Jeffrey |Justin Mcclelland |William Robertson |Alan Ward |Christophe Boucherie

The FCA's latest Business Plan for 2024-25 had just been published. They make a number of forward- looking "Commitments". We touch upon some of those plans and express some views on what they may mean for firms (our observations appear in italics). Reducing and preventing financial crimeThe FCA say they will continue to take a data-led approach to identify potential harm for supervisory and/or enforcement action.
Venice swaps decision sunk by Court of Appeal (Banca Intesa v Venezia)

Jan 17, 2024 | lexology.com | David Capps |Sean Jeffrey |Justin Mcclelland |Sue Millar |William Robertson |Alan Ward | +1 more

The Court of Appeal has allowed an appeal by Banca Intesa Sanpaolo SpA and Dexia Crediop SpA (the "Banks”) and dismissed a cross-appeal by the Comune di Venezia (“Venice”), upholding the validity of interest rate swaps entered into by Venice with the Banks and overturning the High Court decision that they were void because Venice lacked capacity to enter into them under Italian law.
New FCA rules on greenwashing and sustainability disclosures and product labelling

Dec 14, 2023 | lexology.com | David Capps |Sean Jeffrey |Justin Mcclelland |Alan Ward

The FCA has recently published its Policy Statement PS23/16 - Sustainability Disclosure Requirements (SDR) and investment labels. It contains the FCA's final rules comprising:-An anti-greenwashing rule for all FCA authorised firms to reinforce the message that sustainability-related claims must be fair, clear and not misleading.